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Home Net Worth Jerry Buss Net Worth 2022:  Income, Wife, Wiki-bio, Death, Career, and Earnings as a Businessman

Jerry Buss Net Worth 2022:  Income, Wife, Wiki-bio, Death, Career, and Earnings as a Businessman

Dr. Jerry Buss was an American businessman and owner of a professional sports organization. The Los Angeles Lakers basketball franchise, which Jerry Buss owned, was the main source of his wealth. Additionally, he has previously had ownership positions with the NHL’s Los Angeles Kings, the NBA’s Los Angeles Lakers, and the WNBA’s Los Angeles Sparks (soccer).

Dr. Jerry Buss, who passed away on Monday at the age of 80, was renowned for his enormous impact on professional sports, amazing success as a contemporary owner, and triumph as a businessman who treated everyone with respect.

Jerry Buss’s Childhood and Education

Utah native Gerald Hatten Buss was born in the city of Salt Lake on January 27, 1933. Buss’s mother, Jessie, who is divorced, raised him as a child. His father, Lydus, was a chartered accountant who, following a divorce, began teaching statistics at the University of California, Berkeley. He moved to Los Angeles when he was nine years old. They moved to Kemmerer, Wyoming, after her mother remarried.

Buss graduated with a bachelor’s degree in 1953 after receiving financial aid to attend the University of Wyoming. He afterward moved to Los Angeles, where, at the age of 24, he attended the University of Southern California to earn his M.S. and Ph.D. in physical chemistry.

Jerry Buss’s Private Life

Buss and the former JoAnn Mueller divorced in 1972 after having four children together: Johnny, Jim, Jeanie, and Janie. Joey and Jesse were the second and third kids that Buss had with Karen Demel. At the time of his passing, all six of his children were employed by the Lakers. Throughout his tenure as owner of the Lakers, Buss was known for being a playboy and had a string of young girlfriends.

Jerry Buss Net Worth 2022

Puppi Buss, who claimed to have had an on-again, off-again relationship with Buss for 15 years and that he was the father of her kid, filed a palimony case in 1990, and he struck an out-of-court settlement; the contents of the agreement were not made public.

Buss was cited for drunk driving on May 29, 2007, in Carlsbad, Northern San Diego County, after two California Highway Patrol officers saw him driving his gold Mercedes-Benz on the wrong side of the road and carrying a 23-year-old woman. After failing a field sobriety test, Buss was taken into custody, given a blood test, and booked on suspicion of operating a vehicle while drunk with a blood alcohol content of 0.08.

Jerry Buss’s Career

As a Real Estate Business Owner

To supplement his income and keep teaching, Buss entered the real estate investing field. He made his first investment in West Los Angeles, a $1,000 housing complex, in the 1960s.

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He and his longstanding business partner, Frank Mariani, created Mariani-Buss Associates, a real estate investment firm, after seeing tremendous development in the real estate market. Buss bought Pickfair, the Beverly Hills residence that had formerly belonged to Mary Pickford and Douglas Fairbanks, in 1979, and traded it in 1987.

Sports Team Ownership

Jerry had saved enough cash by 1979 to pay $67.5 million to buy The Lakers, The Kings, and the arena known as The Forum. That is the equivalent of $213 million in real terms. Under Jerry’s leadership, the Lakers won their first of 10 NBA championships in less than a year, making it the greatest sports franchise acquisition in history at the time. With a market value of over $1 billion, the Los Angeles Lakers are among the most prosperous and well-known sports organizations ever.

When the WNBA changed in 2002 to allow for the individual ownership of each team, Buss bought the Sparks. He gave the team away in 2006. Buss also purchased the Los Angeles Lazers of the Major Indoor Soccer League. At The Forum, The Lazers also performed. In 1989, the team went out of business, and the league followed three years later.

He was honored for his contributions to the sport in 2010 by being inducted into the Basketball Hall of Fame. Buss received the Golden Plate Award from the American Academy of Achievement in 1983.

Jerry Buss Net Worth 2022

As a Player of Poker

Buss played in high-stakes cash tournaments for many years before turning his attention to tournaments as he got older. His greatest finishes were second in a 2003 World Poker Tour Freeroll tournament and third in a seven-card stud tournament at the World Series of Poker in 1991. Additionally, he appeared on the NBC late-night program Poker After Dark and the GSN poker show High Stakes Poker.

Other Works

Buss served as the producer of the 1974 movie Black Eye, which starred Fred “the Hammer” Williamson, a former gridiron star.
The Playboy Club in Phoenix belonged to Buss, who also ran it.

Jerry Buss’s Net Worth

At the time of his passing in 2013, Dr. Jerry Buss, an American businessman, and owner of a professional sports franchise had a net worth of $600 million. Real estate was where Jerry Buss made his initial fortune.

As the owner of the Los Angeles Lakers basketball team, he later amassed a significant wealth (as well as notoriety). He had previously owned the Los Angeles Kings (NHL), Los Angeles Lasers, and the Los Angeles Sparks (WNBA) (soccer).

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Legal Concerns

In 2007, two California Highway Patrol officers observed Buss operating his gold Mercedes-Benz on the wrong side of the road in Carlsbad, California, while carrying a 23-year-old female passenger.

They issued him driving under the influence citation. Buss was detained after failing a field sobriety test, was given a blood test, and was charged with driving while intoxicated with a 0.08 blood alcohol content.

Death

In 2012, Buss was stuck in a hospital bed for several months because of an unknown digestive problem. From the start of the 2012–13 season until he turned 80 in 2013, he decided not to go to any Lakers games. He said that his decision was based on his health. According to information that came out four days before Buss died in the same year, he had been dealing with cancer since 2012.

He went to Cedars-Sinai Medical Center in February 2013 with an unknown type of cancer. The following month, he died of kidney failure at the age of 80.

Jerry Buss Net Worth 2022

FAQs

Who Is Jerry Buss’s Daughter?

Jeanie Buss

Janie Buss

How Did the Buss Family Get Rich?

Jerry Buss’ ownership of the Los Angeles Lakers basketball team contributed significantly to his net worth. Additionally, he previously held ownership of the Los Angeles Sparks of the WNBA, the Los Angeles Kings of the NHL, and the Los Angeles Lakers of the NBA (soccer).

Did Jerry Buss Borrow Money From His Ex-Wife?

Furthermore, although Winning Time revealed that Buss borrowed funds from his ex-wife JoAnn Mueller to close the deal, it omitted evidence of the loans he also received from former Los Angeles Clippers owner Donald Sterling and former Indiana Pacers owner Sam Nassi, even though Sterling does appear in the film.

Why Is Jerry Buss a Doctor?

Later in high school, Buss earned $2 a day working at a nearby motel. He quickly dropped out of school to work for the railroad but later returned to complete his undergraduate degree at the University of Wyoming and his doctorate in physical chemistry at the University of Southern California.

Stephen Brown
I'm a skilled and imaginative copywriter, content producer, and multi-channel editor. I also create goods. I've project supervised books on rock music, popular science, cinema, and history in addition to editing volumes on Michelangelo and American art. There is a tonne of history. My recent forays into philosophy and literature have broadened both my intellect and my product line.
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