HomeCelebrityJerry Buss Net Worth 2022: Income, Salary, and Earnings as Businessman

Jerry Buss Net Worth 2022: Income, Salary, and Earnings as Businessman

Known for his business acumen and real estate investing, as well as his career as a professional poker player and owner of a major league baseball team, Jerry Buss is estimated to have a net worth of $600 million as of 2022. A large portion of Jerry Buss’ fortune came from his ownership of the Los Angeles Lakers basketball franchise, which he controlled as the majority owner. In addition, he was a former owner of the Los Angeles Sparks of the WNBA, the Los Angeles Kings of the NHL, and the Los Angeles Lakers of the NBA.

Jerry Buss Net Worth 2022

Net Worth: $600 Million
Profession: Businessman
Age: 80 Years Old
Country: United States
Born: 27th January 1933
Salary: $50 Million
Last Updated: 2022

Jerry Buss Early Life

Jerry Buss was born in Salt Lake City and brought up in Kemmerer, Wyoming by a single mother during the height of the Great Depression. He is the author of the novel The Greatest Show on Earth. A very young child recalls waiting in a bread line for food as one of his earliest memories as a young child.

Jerry Buss Early Life
Jerry Buss Early Life

Jerry’s dedication earned him a scholarship to the University of Wyoming, where he completed his degree in just 2.5 years. Jerry had already earned an MS and a Ph.D in chemistry from the University of Southern California by the time he turned 24.

Jerry Buss Career

House And Properties:

Following graduation, he worked as a chemist and for a short time in the aerospace industry before returning to the University of Southern California as a faculty member in the chemistry department. While working as a teacher at USC, Jerry began investing in real estate in the Los Angeles area in order to supplement his teacher’s salary with additional income.

Jerry’s side business soon became so profitable that he was able to abandon his teaching career entirely and devote his time and energy solely to real estate. Jerry Buss would eventually become a very wealthy individual.

Ownership of Sports Team:

By 1979, Jerry had amassed enough funds to purchase the Los Angeles Lakers, the Sacramento Kings, and the Forum sports complex for a total of $67.5 million. Putting it into real money terms, that’s the equivalent of $213 million. During that time period, it was the most expensive sports franchise acquisition in history, and under Jerry’s guidance, the Lakers won their first of ten NBA championships in less than a year. The Los Angeles Lakers are one of the most successful and well-known sports franchises in history, with a market capitalization of more than $1 billion dollars.

Buss purchased the Sparks in 2002, when the WNBA changed its structure to allow each squad to have its own owner. In 2006, he sold the team to a third party. In addition, Buss acquired the Los Angeles Lazers of the Major Indoor Soccer League. The Lazers also played a show at The Forum in New York. In 1989, the team went out of business, and three years later, the league went out of business as well.

In recognition of his contributions to the sport, he was inducted into the Basketball Hall of Fame in 2010. The American Academy of Achievement presented Buss with the Golden Plate Award in 1983 for his contributions to society.

Poker Player:

For several decades, Buss competed in high-stakes cash tournaments, but as he got older, he began to focus more on tournaments and less on cash games. One of his best performances came in a seven-card stud tournament at the 1991 World Series of Poker, and the other came in a World Poker Tour Freeroll tournament in 2003, both in which he finished second. He has also appeared on the GSN poker show High Stakes Poker as well as the NBC late-night show Poker After Dark, among other projects.

Other Works:

Buss was the producer of the 1974 film Black Eye, which starred Fred “the Hammer” Williamson, a retired gridiron star who had a starring role in the film.

Buss was the owner and operator of the Playboy Club in Phoenix.

Jerry Buss About The Height, Weight And Age

Net Worth $600 Million
Name Jerry Buss
Age 80
Height (1.73 m)
Weight 80KG (Approx)
Profession Businessman
Date Of Birth January 27, 1933
Birthplace United States
Nationality American
Income $50 Million (Annual)
Spouse JoAnn Mueller

Jerry Buss Personal Life

Additionally, Buss was a skilled poker player who competed on a professional level. Dr. Jerry Buss died on February 18, 2013, in a Los Angeles hospital after a long battle with cancer. He had been battling the disease for several years. He is survived by six children, all of whom are active members of the Los Angeles Lakers organisation.

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Jerry Buss Death

Buss was confined to a hospital bed for several months in 2012 due to an unidentified digestive ailment. He decided not to attend a Lakers game from the start of the 2012–13 season until he turned 80 years old in 2013. He cited medical reasons for his decision. Buss had been battling cancer since 2012, according to information released four days before his death in that same year.

Having been admitted to Cedars-Sinai Medical Center with an unidentified form of cancer in February 2013, he died of renal failure the following month at the age of 80.

Maria Gaspar
Maria Gaspar
Maria is an Ireland-based freelance writer. She has over seven years of expertise managing corporate blogs, social media, and public relations efforts. She has a degree in English Literature from the University of England and has studied journalism with the National Council of Teachers of Journalism.
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