Jeanie Buss Net Worth (Money & Salary)
Jeanie Buss Net Worth (Money & Salary)
October 30, 2024
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What Is Jeanie Buss’ Net Worth?
With a net worth of $700 million, Jeanie Buss is an American sports executive and the daughter of the late Jerry Buss, former owner of the Los Angeles Lakers. Currently, she holds the position of President and controlling owner of the team.
Upon Jerry Buss’ death in 2013, Jeanie, along with her five siblings, inherited his 66% stake in the Lakers. In 2017, her siblings granted her full decision-making authority over Lakers-related matters, although they each still possess an equal 11% stake in the franchise. Considering the current valuation of the Lakers at $6.5 billion, each of these stakes approximates $715 million in worth.
Jeanie embarked on her professional journey at 19 when she took on the role of general manager for the Los Angeles Strings, a professional tennis team. Later, she became the owner of a roller hockey team called the Los Angeles Blades and served as president of the Great Western Forum. Following her father’s passing, she stepped into the role of vice president of the Lakers. Additionally, she co-owns and promotes Women of Wrestling (WOW).
In 2023, Jeanie Buss earned a Sports Emmy Award for her role as the executive producer of “Legacy: The True Story of the LA Lakers.”
Lakers Ownership Stake
Following the demise of Jerry Buss in 2013, a family trust holding 66% of the Lakers was inherited by his six children. This allocation means that each child possesses roughly 11% of the ownership. Given that the Phoenix Suns changed hands for $4 billion in late 2022, it is reasonable to estimate the Lakers’ value conservatively at $6.5 billion, leading to each child’s stake being valued at about $750 million.
Among other Lakers owners are:
- Mark Walter and Todd Boehly: 26%. This pair, co-founders of the private equity giants Guggenheim Partners and Eldridge, respectively, acquired their 27% stake from Phil Anschutz, the AEG founder.
- Ed Roski: 8%. A billionaire real estate developer, Ed owns roughly 90 million square feet of commercial property across the US. He purchased his 8% stake in the Lakers in 1998.
In 2017, Jeanie’s brother Johnny attempted to assume control of the Lakers from her. Following a protracted conflict, Jeanie emerged victorious, gaining increased authority over the team. She is now entirely in charge of the Lakers’ decisions for the family, as well as representing them on the NBA’s Board of Governors.
Early Life and Family
Born on September 26, 1961, in Santa Monica, California, Jeanie Marie Buss grew up alongside three siblings, raised by Joann and Jerry Buss. Jeanie was still young when her father began his successful ventures in real estate during the 1960s by investing in a West Los Angeles apartment building, leading to numerous successful real estate endeavors. Eventually, Jerry Buss teamed up with Frank Mariani to establish Mariani-Buss Associates, a real estate investment firm.
During this period, Jerry and Joann divorced, which affected Jeanie emotionally. Nonetheless, she maintained a strong bond with her father. It was during these years that Jerry started acquiring several sports teams in the Los Angeles area, including the Los Angeles Strings, the Los Angeles Kings hockey team, and the Los Angeles Lakers. At 14, Jeanie attended World Team Tennis meetings with Jerry, gaining valuable insights she would later apply to managing the Los Angeles Strings. By 17, she decided to live with her father full-time.
Despite Jerry’s eventual sale of his controlling interest in the Kings, he remained committed to closely overseeing the Lakers. As he continued his expansion of sports-related acquisitions,Buss also made a notable acquisition of The Forum for $67.5 million. Throughout Buss’ ownership, the Lakers secured ten championships and built an all-star roster featuring stars like Magic Johnson, Kobe Bryant, Shaquille O’Neal, and James Worthy. Jerry was instrumental in elevating the Lakers to a franchise now valued at $1 billion.
Career
Jeanie attended college while gaining business and sports management experience from her father. She enrolled at the University of Southern California, where she graduated with honors in business. During her studies, Jerry appointed his 19-year-old daughter as the manager of the Los Angeles Strings. She also became the owner of the Los Angeles Blades in Roller Hockey International and spent four years presiding over the Great Western Forum – the arena home to the Lakers at that time.
In time, she demonstrated her business acumen to Jerry, who envisioned her overseeing the Lakers’ business operations, leaving her brother Jim to manage sports decisions. By 2005, she had emerged as one of the most powerful women in sports. Following Jerry’s death in 2013, Buss dismissed both General Manager Mitch Kupchak and her brother Jim, who held the position of VP of Basketball Operations.
Personal Life
In 1990, Jeanie wed professional volleyball player Steve Timmons, but after three years, they divorced, citing her prioritization of career over marriage.
In late 1999, Jeanie began a relationship with Phil Jackson, the Lakers’ former head coach. Although they did not marry, they announced their separation in 2016.
In 2017, she started dating comedian Jay Mohr, and their engagement was revealed in December 2022. They tied the knot in September 2023 in Malibu.
Additionally, Jeanie posed nude for “Playboy” magazine in 1995.
Real Estate
In 2019, Buss sold her Playa Vista residence for $2.575 million, having initially bought it for $2.45 million in 2017. Although the home was listed for $225,000 more than its selling price, she accepted a lower offer. Buss made several improvements to the property after her purchase two years earlier, including a fresh coat of neutral paint and modern fixtures, enhancing its appeal to prospective buyers. Her former Playa Vista residence encompasses nearly 3,200 square feet and features a corner lot, flagstone patio, French doors, and a three-car garage. Reports suggest that Buss owns another property in Playa Vista, a four-bedroom condominium acquired in 2018.
In 2020, Jeanie added a new property in the Playa del Rey area of Los Angeles to her portfolio, purchasing the residence for $2.6 million, which conveniently is located…Situated just a few miles from Los Angeles International Airport, the four-bedroom waterfront property boasts notable amenities such as a pool, a spa, and a gym. Encompassing 2,200 square feet, the home is located within the Breakers complex, a gated community in the Playa del Rey area. While Buss previously acquired various properties throughout Los Angeles, this recent purchase marks her first waterfront residence.
Data encompasses the years 2023 and 2024, with projections extending to 2025 and 2026. We also broaden the forecasts to include 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Jeanie Buss Net Worth (Money & Salary)