What is Jeanie Buss’s Net Worth?
|Net Worth:||$500 Million|
|Born:||26 September 1961|
|Country:||United States of America|
|Salary:||$60 Million (Annual)|
Jeanie Buss is an American sports executive who has a net worth of $500 million. She is the President of the Los Angeles Lakers and the Co-Owner of the Women of Wrestling company.
Jerry Buss, the Lakers, and other sports businesses owner is her father. At the age of 19, she joined her family’s business as the general manager of a professional tennis team and then purchased roller hockey teams. Following her father’s death in 2013, a family trust gave his six offspring control of the Lakers. In 2020, she made history as the first female controlling owner of an NBA team.
Jeanie Marie Buss was born on September 26, 1961, to Joann and Jerry Buss. She has three siblings. She was raised by her older brothers Johnny and Jim, as well as her younger sister Janie. Following his parents’ divorce in 1972, Buss felt emotionally abandoned.
Buss attended World Team Tennis meetings with her father, who owned the Los Angeles Strings when she was 14 years old. She grew so knowledgeable about Pickfair that she began giving tours. World TeamTennis halted operations in 1978, only to resurface in 1981 as TeamTennis. In its second iteration, Jerry reclaimed control of the Strings. At the age of 19, she joined the family business as general manager of the Los Angeles Strings professional tennis team, which her father owned. Buss studied in business and graduated with honors from the University of Southern California (USC).
After the Strings folded in 1993, Buss founded the Los Angeles Blades in Roller Hockey International, which brought professional roller hockey to Los Angeles. The league recognised her as Executive of the Year. For 4 years, Buss was the president of the Great Western Forum, the Lakers’ previous home arena.
During her tenure at the Forum, her involvement with the Lakers intensified, and she has served on the NBA Board of Governors as an Alternate Governor since 1995. In 1999, she was promoted to senior vice president of business operations for the Los Angeles Lakers.
Jim was designated vice president of player personnel in 2005. As per their father’s plan, Buss would be in authority of business decisions while Jim would be in control of the basketball. In 2005, Sporting News named Buss one of the Top 20 Women in Sports.
In 2011, Forbes dubbed Buss “one of the most powerful women in sports management,” while ESPN dubbed her “one of the most powerful women in the NBA.” After her father’s death in 2013, his six children were given equal voting rights to his 66 percent controlling ownership of the Lakers through a trust. Buss sacked Mitch Kupchak as General Manager and accepted her brother Jim’s resignation as Vice President of Basketball Operations in 2017, and named Magic Johnson President of Basketball Operations.
In addition to managing the Laker’s, Buss is the owner of WOW-Women Of Wrestling. In 2021, on top of the Circa Resort & Casino in Las Vegas, ViacomCBS Global Distribution President Dan Cohen and Buss’ long-time business partner David McLane announced that ViacomCBS had entered into a multi-year distribution agreement for WOW advertising, WOW to be the most comprehensive media distribution platform in women’s wrestling history.
In 1990, Buss wedded volleyball player Steve Timmons, but they split three years later. In the May 1995 issue of Playboy, she was photographed nude. Buss revealed she was dating comedian Jay Mohr on Twitter in 2021. After dating Phil Jackson in late 1999, she was engaged to him for 4 years.
Johnny, Jeanie’s brother, took control of The Lakers from his sister in 2017. The coup culminated in Jeanie gaining even more influence over the team after a lengthy battle. She now has complete control over the Laker family’s decisions.
Jeanie Buss’ Playa Vista property was reported to have sold for $2.575 million in 2019. The four-bedroom home sits on a corner site and has over 3,200 sq ft of living space. She agreed to the price reduction despite the fact that the house was originally listed for $225,000 higher than the sale price. Jeanie paid $2.6 million for a 2,200 sq ft new home in Los Angeles’ Playa del Rey district in 2020. A four-bedroom seaside villa with a pool, spa, and gym are among the highlights.
As of 2022, Jeanie Buss’s estimated net worth is $500 million. Jeanie has amassed an incredible net worth as the Lakers’ controlling owner. Jeanie Buss was born into a family with much power, money, and investment assets. She has been an active member of the beloved NBA club since 2013, and she has ties to A-list celebrity Magic Johnson.