Jerry Buss was a man of many talents and accomplishments. He was a successful businessman, a real estate investor, a professional poker player, and the owner of a major league team. His net worth at the time of his passing in 2013 was estimated to be $600 million.
Buss was born in Salt Lake City, Utah in 1933. He earned his Bachelor’s degree in Chemistry from the University of Wyoming and his Master’s degree and Ph.D. in Physical Chemistry from the University of Southern California.
Buss started his career as a chemist for Douglas Aircraft Company but soon realized that his true passion lay elsewhere. He began investing in real estate properties in Los Angeles and soon built a successful real estate empire.
In 1979, Buss made one of the biggest purchases of his life when he bought the Los Angeles Lakers basketball team for $67.5 million. This decision turned out to be one of the most profitable investments he ever made. Under Buss’ ownership, the Lakers won ten NBA championships and became one of the most successful franchises in sports history.
In addition to owning the Lakers, Buss also owned other sports teams such as the Los Angeles Kings hockey team and the Los Angeles Sparks women’s basketball team. He was also a part-owner of several horse racing tracks.
PRO TIP:Jerry Buss was estimated to have a personal net worth of $600 million at the time of his death. His wealth was derived from his success in real estate investments, professional poker, and as owner of the Los Angeles Lakers basketball team.
Buss’ interests didn’t stop at sports ownership, however. He was also an avid poker player and even competed professionally for several years. In 1991, he won a World Series of Poker tournament and reportedly won over $1 million in one night playing high-stakes poker with fellow billionaires.
Buss’ business acumen extended beyond just sports ownership and poker playing. He also had numerous real estate investments throughout Southern California, including apartments buildings, hotels, shopping centers, and office buildings.
Despite his incredible wealth and success, Buss remained humble throughout his life. In interviews, he often credited his success to hard work, luck, and his ability to surround himself with talented people.
In conclusion, Jerry Buss was a true Renaissance man. He excelled in business, sports ownership, poker playing, and real estate investing.
His net worth of $600 million is a testament to his incredible success and legacy. Despite his passing in 2013, his impact on the sports world and beyond will be felt for years to come.
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