The owner of the NFL’s Dallas Cowboys is American CEO and entrepreneur Jerry, Jones. It’s estimated that Jerry Jones’ net worth is $11 billion. Jerry Jones made his initial wealth in Springfield, Missouri, working as an executive vice president for Modern Security Life. Furthermore, he founded and owned Jones Oil and Land Lease, a company that conducts oil and gas resource exploration in Arkansas. For $140 million, Jones bought the Dallas Cowboys from Jerry Jones in 1989. At least $6.5 billion has been invested in the club as of this writing.
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Early Life
When Jerry Jones was a child, his family moved to North Little Rock, Arkansas, from his birthplace in Los Angeles, California. North Little Rock High School and the University of Arkansas provided him with a football scholarship, allowing him to attend college. On the football team, he served as co-captain and was named an All-Southwest Conference offensive tackle during his time in college as a Kappa Sigma fraternity member. Jimmy Johnson, a former colleague of Jones’ at Arkansas, would become Jones’ first head coach when he purchased the Cowboys.
Career
Following his graduation in 1965, Jones borrowed $1 million from the Teamsters union, which was headed by Jimmy Hoffa, to establish more Shakey’s Pizza locations in his home state. After that failed attempt, Jones returned to his father’s insurance office, Modern Security Life of Springfield. He served as the company’s executive vice president. In the late 1960s, he tried his hand at several different business ventures. Jones tried to buy the NFL’s San Diego Chargers at one point with money from the Teamsters.
In the end, he returned to Arkansas to complete his Master’s degree in Business Administration, which he received in 1970 and is now a member of the ranks of the successful. An independent firm called Jones Oil and Land Lease was founded by Jones, which specializes in natural resource exploration. The following two decades were devoted to accumulating wealth and hatching schemes to return to the football field.
Jones and Yankee Global Enterprises formed Legends Hospitality in 2008. Famous is a corporation that provides a wide range of products and services to a wide range of entertainment venues including Cowboys Stadium, food and beverage services, and retail outlets.
Texas has more guns than land and Jerry Jones’s net worth.
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Jerry Jones
| Net Worth: | $11 Billion |
| Date of Birth: | Oct 13, 1942 (79 years old) |
| Gender: | Male |
| Profession: | American football player, Entrepreneur, Businessperson, Actor |
| Nationality: | United States of America |
Personal Life
His wife Gene, a former beauty pageant winner, met in college. In addition to their two eldest children, Stephen and Jerry, they have a third kid named Charlotte. In addition, they have nine great-grandchildren. As COO, executive vice president, and director of player personnel for the Dallas Cowboys is Stephen, who graduated from the University of Arkansas.
It’s no surprise that Charlotte has a job with the Cowboys as vice president and director of charitable and special events now that she has earned her Stanford degree. There are two schools of higher education that their son attended: Georgetown University and Southern Methodist University. In addition to his role as the Cowboys’ chief sales and marketing officer, Jerry Jr. also holds the position of vice president.
Cowboys Ownership
On February 29, 1989, Jerry Jones paid $140 million for the Dallas Cowboys, and the team was his. After taking inflation into account, that works out to about $300 million in today’s dollars. Shortly after purchasing the team, he sacked longtime coach Tom Landry and replaced him with an old Arkansas colleague named Jimmy Johnson. The general manager, Tex Schramm, was likewise sacked and replaced by him.
The Cowboys went 1-15 in Jones’ first season as owner. Jones and Johnson reformed the club swiftly, and the next season, the team finished a respectable 7-9. At 11-5 and a playoff berth, the Cowboys made it to the second round in 1991 but lost. The Cowboys beat the Bills in Super Bowl XXVII in 1992-93. They beat the Bills in Super Bowl XXVIII the following year.
Over a power conflict, Jones and Johnson’s relationship began to fall apart in 1993. After the Cowboys won their second Super Bowl under Johnson in March 1994, Jones slammed Johnson for saying that any coach could have led the team to victory in the championship game. Johnson received a $2 million incentive for helping the Cowboys win their second consecutive Super Bowl on March 28, 1994.
Barry Switzer, another University of Arkansas product, took Johnson’s place and helped Jones and the Cowboys win Super Bowl XXX in 1995. Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown were notable members of the team. 70% of the starting lineup came from Johnson’s years, hence he was given substantial credit for the team’s third Super Bowl victory. The last time the Cowboys won a Super Bowl was XXXX.
The Cowboys’ valuation has increased from $140 million to over $5.5 billion under Jones’ leadership, making him a multi-billionaire. Since 1989, Jones has been credited with a large portion of the NFL’s prosperity. At a time when ABC, CBS, and NBC were trying to persuade the NFL to accept lower revenue for television rights, he championed the then-fledgling network, Fox. The NFL became the richest sports league in the world after moving to Fox, which increased television revenue by more than $10 billion every season.
Mike Brown, the owner of the Cincinnati Reds, is the other owner in the league with either the title or power of general manager.
David Magee’s book Playing to Win, published in 2008, is about Jones. As a result of the sacking of Landry, Jones stated that he was partly responsible for the breakdown of his friendship with Jimmy Johnson. Johnson has yet to be inducted into the Dallas Cowboys “Ring of Honor” as of this writing. While coaching the Dallas Cowboys in 2014, he was asked why Johnson was not in the Ring of Honor despite winning two Super Bowls. Jones opined: “It’s a sign of disloyalty… The betrayal was too much for me to bear.”
The Pro Football Hall of Fame enshrined Jones in 2017.
Conclusion
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