Jerry Jones is a renowned American billionaire businessman, best known for his role as the owner of the Dallas Cowboys, one of the most valuable and iconic franchises in the world.
With a career that spans several decades, Jones has become a key figure in both the world of sports and business.
His wealth, estimated at $15 billion as of now, is a result of his diverse investments and ventures in oil, real estate, and sports.
Net Worth
As of now, Jerry Jones has an estimated net worth of $15 billion. This remarkable fortune has been largely accumulated through his ownership of the Dallas Cowboys, a franchise he purchased in 1989 for $140 million.
Today, the Cowboys are valued at a staggering $11 billion, making them one of the most valuable sports franchises in the world.
Salary
While Jerry Jones’ exact salary is not publicly disclosed, it’s known that he earns a significant income from his role as both the owner and general manager of the Dallas Cowboys.
The team’s massive value and success in the NFL contribute to his substantial earnings.
As the leader of the Cowboys, Jones is responsible for overseeing operations and making key decisions, such as team management, which likely results in a high salary and significant bonuses.
Endorsements
Beyond his role with the Cowboys, Jerry Jones has also engaged in various endorsement deals. Notably, he has publicly endorsed several prominent figures and brands.
Among his more high-profile endorsements is his support for former President Donald Trump. Additionally, Jones has endorsed several coaches for the Cowboys, further solidifying his influence in the sports world.
Other Sources of Income
In addition to owning the Dallas Cowboys, Jerry Jones has multiple other sources of income. His fortune first began with oil investments in the 1970s, where he earned his first million.
Over time, he expanded his business ventures into real estate, retail, hospitality, and the fast-food industry, where he invested in Papa John’s franchises. Jones also became the controlling shareholder of Comstock Resources, a publicly traded oil and gas company based in Texas.
Charity Work
Jerry Jones is actively involved in philanthropy through his Gene and Jerry Jones Family Arlington Youth Foundation.
The foundation has been dedicated to supporting youth programs in the Arlington area, funding initiatives related to sports, health and wellness, education, and the arts.
Over the past 33 years, the Jones family has pledged $16.5 million to these causes.
Investments
Jerry Jones has made significant investments in various sectors, but his primary focus has been in the oil industry. In the 1970s, he began Jones Oil and Land Lease, an oil and gas exploration business, which laid the foundation for his wealth.
He remains actively involved in oil drilling, as well as retail and residential real estate projects in Dallas, and hospitality management.
Yacht
A true symbol of Jerry Jones’ wealth is his $250 million megayacht, which was built in 2018. This luxurious yacht, which spans the length of a football field, is one of the most impressive in the world.
Designed to use 30% less fuel than similar yachts, it can accommodate 14 guests and a crew of 30, making it both an environmentally-conscious and opulent vessel.
House
Jones resides in a Mediterranean-style mansion in Dallas, Texas, which he purchased in 1992 for $6 million. As of now, the mansion is valued at more than $25 million.
Spanning 14,000 square feet, the property includes six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and stunning marble floors, embodying the luxurious lifestyle that Jones leads.
What Does Jerry Jones Do for a Living Now?
Today, Jerry Jones continues to serve as the owner and general manager of the Dallas Cowboys. In addition to his role with the Cowboys, he is also the head of his real estate and investment company, Blue Star Land.
This company oversees various real estate developments, further expanding Jones’ business empire.
How Did Jerry Jones Make His Fortune?
Jerry Jones’ wealth is the result of a combination of sports and business ventures. He first made his fortune in the oil and gas industry, which he entered in the 1970s with Jones Oil and Land Lease.
However, it was his purchase of the Dallas Cowboys in 1989 that propelled him into the upper echelons of wealth. Under his ownership, the Cowboys have become a globally recognized brand, winning three Super Bowl titles and becoming the most valuable team in the NFL.
His keen business instincts have helped him turn the Cowboys into one of the most successful and valuable sports franchises in history.