Jerry Buss net worth and salary

Jerry Buss net worth and salary

WHO IS Jerry Buss

Jerry Buss was a businessman, a real estate investor, a professional poker player, and the owner of a major league team.

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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.

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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.

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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.

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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.

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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.

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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.

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