He was laughed at for the former, but not the latter. He spent the next two decades making money and plotting his return to football. Everyone else went up to a room. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. 79 years. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. "I think a lot of people had this view of Jerry being a guy that's coldblooded and didn't respect Tom, and it was just the opposite. Back in April, during a conference announcing that AT&T Stadium would host the 50th annual Academy of Country Music Awards in April 2015, Jones had this to say about the Cowboys' incredible popularity despite, you know, all the mediocrity. What is Jerry Jones' net worth? 2023 Celebrity Net Worth / All Rights Reserved. By instinct, they were also risk-takers. What he does have, though, is a collection of Lombardi Trophies. Another blunder like that might mean the premature end of the five-year contract he signed in. Jones stated he did not give consideration to retaining Landry for even a season, as he said he would not have purchased the team unless he could hire Johnson as coach. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. The asking price at the time was $200 million. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. Their daughter, Charlotte, is a graduate of Stanford and also holds a position with the Cowboys, as vice president and director of charities and special events. The yacht has been designed to use 30% less fuel than other yachts of its kind and can accommodate 14 guests and a crew of 30. Consequently, Jones ousted Johnson after the 1993 season despite two consecutive Super Bowl wins and refused to induct Johnson into the Cowboys Ring of Honor. Check out what's clicking on Foxnews.com. He has never been much of a sleeper, three or four hours most nights, and there have been stretches when he's especially stressed that an hour was considered his best Rip Van Winkle impersonation. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. I didn't want to fire him. He has also endorsed a couple of coaches for his team. There was no contact for six weeks or so, and then after the Cowboys finished the season at 3-13, Bright reached out and dropped the asking price to $140 million $65 million for the team and $75 million for Texas Stadium. In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. Following Jones is Rams owner Stan Kroenke, who has dropped down to "only" $8.2 billion, with Forbesestimating he has lost 18 percent of his wealth in the last year. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. The majority of Jones's fortune is derived from his ownership of the Dallas Cowboys, the National Football League franchise he purchased in 1989 for a then-record $150 million, Jones said. Related by education: University of Arkansas. At 14,000 square feet, with two stories, the mansion includes six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and marble floors. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. Submit a correction suggestion and help us fix it! Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. The move to Fox significantly increased television revenues and ultimately turned the NFL into the world's richest sports league with revenues of more than $10 billion each season. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. Jerry Jone's Wife | Net Worth. Likewise, the team, Dallas Cowboy is worth $4.8 billion. I wanted them to get in my shoes for a momentthe first day of 1965, he told the Associated Press after talking to the Razorback players for about 10 minutes. But who exactly are. There was another factor in play, that being that a lot of Dallas types weren't thrilled with someone from Arkansas buying their football team. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. But at 46 years young in 1988, Jerry Jones, the man who doesn't want to waste a single second of the day, was ready to take a few steps back, do some traveling, enjoy his family, and who knows, maybe even take up golf again. How did Jerry Jones make his money before the Cowboys? Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. A former football player himself, Jones played for the. The money, I don't get a kick out of thinking about my bank accounts or like Scrooge looking at his stacks of money. However, they have a loaded roster that looks capable of ending an agonizingly long championship drought. Nov 11, 2017, 10:52 AM. "[53] Jones has expressed regret in not doing more to help the Black students feel more accepted at Little Rock.[54]. [35], In 2009, Jones was fined $100,000 for violating a gag order on labor issues, commenting that revenue sharing was "on its way out". Ultimately, Jones may have the higher net worth, but he remains well behind Kraft in terms of NFL wealth. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. That night was the first time anyone ever mentioned the internet to me. Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. The recent paternity suit filed against Cowboys owner Jerry Jones by a 25-year-old congressional aide has sparked a claim by Jones that Alexandra Davis is involved in " multiple monetary extortion attempts ." And the extortion attempts potentially involve, in the opinion of Jones, the ex-husband of Jones's daughter, Charlotte Jones Anderson. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. For instance, he personally championed the then-fledgling network Fox becoming the NFC's primary broadcast network at a time when ABC, CBS, and NBC were trying to convince the NFL to take less revenue for television rights. Most of Jerry Jones' net worth is from the $4.2 billion assessment of the value of the Dallas Cowboys, but he has several other financial interests as well. At least, not where it really matters in the pro football world. With an estimated net worth of $8.3 billion, Robert Kraft doesnt have quite the same riches as the Cowboys outspoken owner. American billionaire businessman and owner of the Dallas Cowboys, 1964 Arkansas Razorbacks footballFWAA national champions, securing Fox as the NFC's primary broadcaster, "Only known remaining image of the store in which Jerry Jones grew up - Best of Arkansas Sports", "Arminta Jones Obituary - Springfield, MO | News-Leader", "Prominent Alumni - Kappa Sigma Fraternity", "New Cowboys Owner Fires Landry, Hires Jimmy Johnson, "Arkansas Celebrates 1964 National Title Team", Former Razorback Jerry Jones meets with Arkansas players College Football ESPN, "Jerry Jones asked Hoffa's Teamsters for a loan to buy the Chargers in 1966", "Jerry Jones Sports Biography, Photos & Rise to Success", "Dallas Cowboys, New York Yankees form joint concessions venture", "When Jerry Jones bought the Dallas Cowboys they were losing $1 million per month and now it is the most valuable team in the world", "1989 Dallas Cowboys Statistics and Players", "1960 Dallas Cowboys Statistics and Players", "Super Bowl XXVII - Dallas Cowboys vs. Buffalo Bills - January 31st, 1993", "Super Bowl XXVIII - Dallas Cowboys vs. Buffalo Bills - January 30th, 1994", "Super Bowl XXX - Pittsburgh Steelers vs. Dallas Cowboys - January 28th, 1996", "29 years ago yesterday, Jerry Jones bought the Cowboys. After several other unsuccessful business ventures (including an attempt, again using Teamsters money, to purchase the American Football League's San Diego Chargers in 1967),[10] he began an oil and gas exploration business in Arkansas, Jones Oil and Land Lease, which became successful. But if you do, you'll never get the opportunity if you don't make the Cowboys work. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. And while Jones, 71, doesn't have plans to step down any time soon, when he does, the team will remain in the family; son Stephen Jones currently serves as Chief Operating Officer, Executive Vice President and Director of Player Personnel, daughter Charlotte Anderson is also an Executive Vice President, and Jerry Jones Jr. is the chief sales and marketing officer. [34], Jones was fined $25,000 by the NFL for publicly criticizing referee Ed Hochuli after Hochuli made a call in a game between the San Diego Chargers and the Denver Broncos on September 14, 2008. The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. 11:00 am ET, Former NFL GM offers take on Jalen Carter situation, Bucs GM doubts Brady unretires, will keep flashlight on, Rodgers emerges from dark with latest on 2023 decision, Jalen Carter absent from combine media amid charges, Gardner-Johnson calls out former Eagles coach, Report: Snyder charged team $4.5M for logo on his jet, Jerry Jones bought Cowboys for $140 million, now worth $2.3 billion, Ranking 32 QB situations entering free agency, Mock: Panthers trade up, Ravens deal Lamar, Best team fits for the top free agents at each position, Gardner-Johnson calls out ex-Eagles coach in tweet. They also have nine grandchildren. That's not what my career has been about. 2021, reported ESPN. [8], Jones is one of a very small number of NFL owners who had a significant level of success as a football player.[9]. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. [25], In an online poll from October 8, 2003, Jones was named the least-favorite sports personality by Sports Illustrated, in three states (Virginia, Delaware, and Texas). This was denounced by football fans and media as lacking class and respect, as pride and tradition were part of the Cowboys, where great performance and loyal service were expected to be rewarded. This was Jones' first fine by the NFL. That figure is mind-boggling for a couple reasons. After graduating college in 1965, Jerry Jones opened up a host of Shakey's. This amount keeps fluctuating and could be attributed to his income and investment portfolio. "You hear folks say, 'Jerry is all about the money.' Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. [48], Jones revealed in July 2015 at a press conference before Cowboys training camp that he had undergone hip replacement surgery, joking that he wouldn't start the season on the PUP list.[49]. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. [27], Some of the fan criticism is due to Jones' high visibility and involvement as the "face of the team",[28] a contrast to both Bright and the Cowboys' original owner, Clint Murchison Jr. Jones' prominent role has led to fans expressing displeasure with Jones and the lack of success of the franchise, with particular criticism of Jones' serving as his own general manager. 2023 Forbes Media LLC. During those first nine months as the Cowboys owner, Jones was flying around the country so much that his plane's fuel bill averaged $50,000 a month. And when you consider what it took for the Patriots to become a dynasty, Kraft deserves tremendous credit for doing something Jones has not: finding a way to sustain success. Put another way: Winning, it turns out, isn't everything. Jerry Jones and his front office know they need to find talent in the draft to replace some high . You may not. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. The Cowboys won Super Bowl XXVII in the 1992 season,[18] as well as Super Bowl XXVIII the following year in the 1993 season. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. While he never has to worry about being able to afford a potential purchase, Jones has learned the hard way that wealth doesnt necessarily equate to success. 7. "Why would I play for another four hours when the deal was done?" A former footballer himself, he played with the University of Arkansas. He fired Tom Landry, God's coach, a beloved figure, and held an admittedly bizarre, off-the-cuff press conference for which he wasn't prepared in the least. The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. He made his fortune as an oil wildcatter in the 1970s. Then, inMarch 1994, after the Cowboys had won their second Super Bowl under Johnson, Jones upset Johnson when he told reporters that any coach could have led the Cowboys to a Super Bowl. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. Within days, never mind in the coming weeks, months and years, Jones would become one of the most recognizable men in sports. Eventually, just a few days before the 1989 NFL Draft, a deal was reached, the largest for a rookie in league history: six years, $11.2 million. He is the son of Arminta Jones and J.W. Jerry Jones has been the owner of the Dallas Cowboy since 1989. There would be no more risk-taking. Everyone is going to know your face, want your autograph, want to take a picture. People may receive compensation for some links to products and services on this website. Your login session has expired. Here are some of Jones' assets: Copyright 2023 Endgame360 Inc. All Rights Reserved. . Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . Jerry Jones is a well-known American billionaire businessman and is better known as the owner of the Dallas Cowboys of the National Football League (NFL). It was life changing. 30 Years Ago Jerry Jones Bought The Dallas Cowboys For $60 Million Today The Team Is Worth $6.5 Billion, How Jerry Jones Turned A Second Choice NFL Investment Into The Most Valuable Sports Team On The Planet, Here's How Much Jerry Jones Thinks The Dallas Cowboys Are Worth (Hint: It's A Lot). He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, in hospitality management and Papa John's franchises. Today the team is worth at least $6.5 billion. [22] Much of the league's financial success since 1989 has been credited to Jones himself. [47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. That wasn't the case in the fall of 1988 when word came the Cowboys were once again on the block. Plus, Kraft figured out a way to keep things working with Bill Belichick and Tom Brady for two decades an equally impressive accomplishment given the egos at play. Despite having a smaller net worth than Jones, New England Patriots owner Robert Kraft possesses plenty of valuable items money cant buy. Thanks to the terrific trio of Troy Aikman, Michael Irvin, and Emmitt Smith, Dallas won three Super Bowls in a four-year span, which certainly made ownership happy. The Dallas Cowboys are the world's most valuable sports franchise, worth an estimated $4.8 billion. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. Jones played for the former, but there & # x27 ; s clicking Foxnews.com! The asking price at the time was $ 200 million than Jones New... Valuable sports franchise, worth an estimated $ 8.4 billion, according to Forbes, with his holdings headed the..., according to Forbes, with his holdings headed by the NFL have been on the top of Forbes list... With an estimated net worth, according to Forbes to work at Modern Security Life of Springfield his! 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