Jerry Buss was a businessman, a real estate investor, a professional poker player, and the owner of a major league team.
PHOTO CREDIT - Jerry Buss
early life
early life
Gerald Hatten Buss, a Utah native, was born on 27th January 1933 in the city of Salt Lake. Jessie, Buss' divorced mother, was his primary caregiver as he grew up.
PHOTO CREDIT - Jerry Buss
career
career
Buss ventured into real estate investing to supplement his earnings and allow him to continue to teach. In the 1960s, he made his initial investment, a $1,000 housing complex in West Los Angeles.
PHOTO CREDIT - Jerry Buss
Ownership of Sports Team
Ownership of Sports Team
By 1979, Jerry had gathered enough money to purchase The Lakers, The Kings, and The Forum sports facility for $67.5 million. In real value, that's the equivalent of $213 million.
PHOTO CREDIT - Jerry Buss
Philanthropy
Philanthropy
Buss contributed $7.5 million to the University of Southern California's Department of Chemistry in January 2008 to support two tenured chairs and a scholarship fund for chemistry graduates.
PHOTO CREDIT - Jerry Buss
Personal Life
Personal Life
After 4 kids, Buss divorced his first wife, JoAnn Mueller, in 1972. Karen Demel, Buss's girlfriend, had two other children with him afterward.
PHOTO CREDIT - Jerry Buss
net worth - $600 million
net worth - $600 million
Jerry Buss had an estimated net worth of $600 million. To earn such a high amount, he had invested in Real Estate, Team Owning, and many more businesses.