But thats just part of his story. "The toughest moment we've had through these years of owning the Cowboys is the Tom Landry situation," says Stephen Jones. Jerry Jones has owned the Dallas Cowboys for 25 years. In 2018, Jones told Atlanta Journal-Constitution reporter Mark Lane that serving as his own general manager helps streamline decision-making and communication lines with the coaching staff. Nov 11, 2017, 10:52 AM. [3] Jones was a running back at North Little Rock High School, graduating in 1960. Author: wfaa.com Published: 6:02 AM CST March 1, 2023 Over the past four years, Jones has made more than 300% on oil and gas assets he. There would be no more risk-taking. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. Obviously, much of that can be attributed to the Dallas Cowboys, which have helped make him the 44th richest person in the United States. The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. He is the son of Arminta Jones and J.W. Speaking from the combine, Jones reiterated his belief that Prescott can bring the Cowboys a Super Bowl, but he admits the team needs to have a clear strategy for dealing with the $49.2 million he . Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. His most valuable single holding is the Dallas Cowboys NFL team, which he bought in 1989 for $150m (110 million). Owner Jerry Jones has over the years told our Mike Fisher and yours truly how much he values being both a "businessman'' and a "sportsman.'' Alas, if only he was equally good at both. ", Jones laughed, and said, "Nah, owners aren't that well known.". After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. This thing is too visible. Apart from owning the Dallas Cowboys, Jerry Jones made his first million in oil investments in the 1970s. ", After signing the papers, Jones and Dixon headed to a local bar for a drink. 1 everywhere except for in his home state. He could have gone dead-dog broke on this.". Obviously, though, parting ways with a few picks turned out to be an absolute steal. Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. Profile summary Full name: Jerral Wayne Jones Popularly known as: Jerry Jones Gender: Male Date of birth: 13th of October 1942 In 1971, after selling the insurance company, the couple carved out 400 acres of their ranch to start Buena Vista Animal Paradise, where tourists could visit exotic animals (now Wild Animal Safari in Strafford, Missouri, just south of Interstate 44). 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. [31] Over Jones' tenure, Cowboys fans have organized a number of grassroots efforts to displace Jones from his position. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. The original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. I wanted to be in football, but I wanted to collect the resources that I could. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. On this Wikipedia the language links are at the top of the page across from the article title. [52] Despite the school's head football coach ordering the team (which Jones was a part of) to stay away from such scenes, Jones said he was there as a curious bystander. He made his fortune as an oil wildcatter in the 1970s. Theses are the Book Of Boba Fett episodes you need to watch before The Mandalorian Season 3. That brought Jerry Jones' total investment to $140 million. According to thisDallas Morning Newsstory from 2012, in the early 1990s, Jerry Jones transferred limited partnership interests to Stephen, Charlotte and Jerry Jr., giving them what he called serious skin in the game. Built in 2018, it is the length of a football field and its end zones. The team is currently valued at $8 billion. Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. Jones and the Cowboys became winners very quickly, hoisting Super Bowl titles in 1992 and 1993 but soon after things began to unravel largely due to the spotlight, attention and jealousy. Over the past four years, Jones has made more than 300% on oil and gas assets he acquired in North Dakota, compared to "just" a 58% gain in the value of the Cowboys over that same time. When he started doing an hour on the elliptical every morning in his 50s, he would have a list of phone calls to make while doing so. That's not what my career has been about. 6. Jerry got it, he saw what the league could be financially. 6-keys: media/spln/nfl/reg/free/stories, at "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. Dallas Cowboys team owner Jerry Jones wants to make one thing clear head coach Mike McCarthys job is not on the line. He was on his way to reshaping the NFL.". Spygate, Deflategate, and the Aaron Hernandez saga all brought negative attention to the Patriots. The Dallas Cowboys are the world's most valuable sports franchise, worth an estimated $4.8 billion. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. He had to generate revenue, pay debt, and change the thought process among his fellow owners. Has everything gone right for Kraft during his tenure? Johnson still received a significant amount of credit for that third Super Bowl victory, as 70% of the starting line-up were from Johnson's years. Updated March 12, 2022 5:27 PM On March 3, a 25-year-old congressional aide from North Texas filed a lawsuit saying Dallas Cowboys owner Jerry Jones is her father. That's the same as around $300 million today after adjusting for inflation. Bezos is currently worth $115 billion, while Josh Harris's net worth is listed as $6.3 billion. As the Cowboys focus on improving the team in 2023, they do so by accepting the harsh reality that Stephen Jones admits, the Cowboys were successful in 2022, but not "good enough.". . According to Forbes, there are only three owners in the NFL who are worth more. He was laughed at for the former, but not the latter. "Part of the team had been auctioned and bought by the government. Jerry Jones and his front office know they need to find talent in the draft to replace some high . Thing is, just a few weeks earlier, Jones had told his accountant, Jack Dixon, that he had no plans of ever touching the money, that all the stress of the previous 25 years was behind him. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. He owns paintings by Matisse, Renoir, and Picasso. The Dallas Cowboys owner has a net worth of 10.5 billion USD as of 2021. After his purchase, he fired the coach, Tom Landry, and hired Jimmy Johnson in his stead. That wasn't the case in the fall of 1988 when word came the Cowboys were once again on the block. Everybody here understands football, loves it, is not really interested in anything else in sports and has tunnel vision relative to football.. Jones has a net worth of $10.7bn, according to Forbes, with his holdings headed by the Cowboys. After graduating from college in 1965, Jones borrowed a million dollars from the Teamsters union (which was run by Jimmy Hoffa at the time) to open up a number of Shakey's Pizza restaurants in Missouri. It was the first time I heard an owner talk about where the league was going. Despite the almost constant negative press, despite people shouting insults and cursing at him in public, really on a daily basis, Jones and Johnson went to work, one on the business end, the other football. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. [29] There was particular criticism of Jones over his conflict with head coach Jimmy Johnson, as Jones "wanted Cowboys fans to know he had helped build those Super Bowl-winning teams", while "Johnson insisted that he made all of the personnel moves" because he had the final say in football matters and refused to relinquish this power. He appeared as himself in the seventh season of the HBO series Entourage in 2010, in an episode of the TNT incarnation of Dallas titled "Truth and Consequences", which aired on July 4, 2012, in a series of commercials for the 2012 season of ESPN's Monday Night Football, and in the season 4 premiere of The League. He made his first million in oil investments in the 1970s. There is no majority owner. ", The owner also said in the 2012 article that, Im very confident that if I got hit by a truck tomorrow, weve got a great succession plan. The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. "Everyone forgets what was going on in 1989. We were talking about the future of the league. 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. A former football player himself, Jones played for the. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. [51], In November 2022, a 1957 photo surfaced depicting a 14-year-old Jerry Jones witnessing an argument where White students attempted to prevent six African-American students from entering North Little Rock High School in Arkansas. In 2014, he was asked why Johnson was not in the Ring of Honor despite his two Super Bowl victories as coach of the Cowboys. Hell, I've spent money as fast as anyone who has ever lived. Jerry Jones Net Worth. Jones "crossed the line", drawing a "six-figure" fine, sources said, as the commissioner distributed a memo to all 32 owners, along with a reminder that the gag order remains in effect. It was because of him and what he accomplished and the way he accomplished it that I wanted to buy the Cowboys," Jones says. This guy was so far beyond what anyone else was thinking at the time. But if you do, you'll never get the opportunity if you don't make the Cowboys work. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. 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. All this is old hat now, but no one was talking about it in 1989. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. He also fired general manager Tex Schramm and took over complete control of football matters himself. Jerry Jones watched his Dallas Cowboys beat the Los Angeles Chargers on Sep. 19, as he hobnobbed with rapper Post Malone and MMA boxer Conor McGregor in the Cowboys suite at SoFi Stadium in Inglewood, Calif. Sound like typical lifestyles of the rich and famous? We want to use that as best we can to make this award show the greatest ever.. Thats a fact., Latest National Football League (NFL) News and Updates. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 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. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. I was sitting right where they were sitting, and I can remember it better than I can remember last month. In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. 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. 2004-2023 CBS Interactive. Jerry Jones' Net Worth. Why is Jerry Jones so rich? Jones did not discuss the matter with Landry before announcing the decision. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. Height. All Rights Reserved. Jerry Jone's Wife | Net Worth. A small part of the collection is based in their Dallas house. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Jones is one of two owners in the league (the other is Cincinnati's Mike Brown) who have either the title or powers of general manager. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. 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. "The Dallas Cowboys fans are the greatest fans on Earth. Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. After all, dont forget the Patriots didnt just hire Belichick. After graduating from the University of Arkansas, Jerral W. Jones was listed as an executive vice president. 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. Needless to say, he made a smart business decision to buy the Cowboys back in 1989. Likewise, the team, Dallas Cowboy is worth $4.8 billion. 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. Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. Explore Jerry Jones's Bio-Wiki, net worth & salary in 2023. 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