As of the year 2023, American sports executive and well-known businesswoman Jeanie Buss has a phenomenal net worth of $500 Million US. She is the daughter of the late Los Angeles Lakers owner Jerry Buss.
Buss followed in her father’s footsteps by becoming the President of the Los Angeles Lakers and the co-owner of the Women’s Wrestling business. At the age of 19, Jeanie Buss joined her family’s business as the general manager of a professional tennis team.
Buss soon after purchased roller hockey teams, including the Los Angeles Blades. Upon her father’s death in 2013, she quickly rose through the ranks to become the Lakers’ vice president. One of Jerry’s six children, Buss assumed a prominent position of leadership at the organization, rising to the position of team president.
Buss also assumed the presidency of the Great Western Forum. By 2020, she had made history as the first woman to possess a majority stake in an NBA franchise.
This article will discuss Jeannie Buss’s net worth, including her salary, sources of income, career, biography, expenses, legal difficulties, and lavish way of living.
What Is Jeanie Buss’ Net Worth?
| Net Worth: | $500 Million |
| Date of Birth: | Sep 26, 1961 (61 years old) |
| Place of Birth: | Santa Monica |
| Gender: | Female |
Jeanie Buss, President and controlling owner of the Los Angeles Lakers, is the daughter of the late team owner Jerry Buss, according to Celebrity Net Worth. Jeanie Buss is worth $500 million.
At 19, she became the general manager of the Los Angeles Strings, a professional tennis team, and so began her professional career. She rose to the position of president of the Great Western Forum after becoming the owner of the Los Angeles Blades roller hockey team. Once her father died, she took over as vice president of the Lakers.
Jeanie Buss’s Early Life and Family
Jeanie Marie Buss was born on September 26th of 1961 in Santa Monica, California. Jeanie Buss was one of four children raised by Joann and Jerry Buss; she was relatively young when her father began to succeed in the real estate industry. Jerry made an investment in a West Los Angeles apartment complex in the 1960s.
The physical chemistry Ph.D. holder would use this as the impetus for a succession of profitable real estate endeavors. In the end, Jerry Buss and Frank Mariani, his business partner, established Mariani-Buss Associates, a real estate investment firm.
By this time, Jerry and Joann had separated, leaving Joanie with significant emotional problems. She did, however, continue to have a close relationship with her father. During this period, Jerry started buying other sports franchises in the Los Angeles region.
Los Angeles Lakers, Los Angeles Strings, and Los Angeles Kings were a few of these. When she was 14 years old, she began traveling with Jerry to World Team Tennis meetings where she picked up a lot of future knowledge that she would later use to run the Los Angeles Strings. She made the decision to go home with her father full-time when she was 17 years old.
Jerry maintained a laser-like concentration on closely supervising the Lakers even after eventually selling his majority stake in the Kings. Buss added The Forum to his collection of sports-related purchases by paying $67.5 million for it.
The Lakers won 10 titles while being owned by Buss, and they assembled an all-star team that included James Worthy, Magic Johnson, Shaquille O’Neal, and Kobe Bryant. Jerry was a key contributor to the Lakers becoming a $1 billion franchise.
Jeanie Buss: From College to Lakers Owner
Jeanie went to school while she learned the business and sports management ropes from her dad. She attended USC where she studied business to the point of graduating with the highest honors.
Jerry hired Jeanie, then 19, to be the Los Angeles Strings’ manager while she was still in school. Jeanie served as president of the Great Western Forum, where the Lakers played, for four years after she purchased the Los Angeles Blades of Roller Hockey International.
She eventually convinced Jerry of her business savvy, and the two of them made plans for her to run the Lakers’ business operations while Jim ran the team’s sports operations. Among the most powerful female athletes by 2005. Shortly after Jerry’s death in 2013, Buss parted ways with general manager Mitch Kupchak and her brother Jim, who was running basketball operations.
Jeanie Buss’s Personal Life
During the 1990 season, Jeanie wed Steve Timmons, a professional volleyball player. After three years of marriage, the woman filed for divorce, citing the priority she gave to her profession over her husband.
In late 1999, Jeanie started dating Phil Jackson, a former head coach for the Los Angeles Lakers. They never tied the knot and announced their breakup in 2016.
Jeanie started dating Jay Mohr, an actor, and comedian, in 2017. In December of 2022, they shared the news that they had become engaged.
In 1995, Jeanie posed scantily clad for Playboy.
Inside Jeanie Buss’ Real Estate Portfolio
Buss sold her Playa Vista house in 2019 for $2.575 million. She had paid $2.45 million for the house when she first bought it in 2017. She agreed to the price reduction even though the house was initially offered for $225,000 more than it ultimately sold for. Having said that, Buss did make some improvements to the property after purchasing it two years earlier in an effort to make it more appealing to potential buyers.
Modern fixtures and a fast coat of neutral paint helped brighten it up before the house was put back on the market. Her old Playa Vista residence has a total living area of close to 3,200 square feet and is situated on a corner site. French doors, a flagstone patio, and a three-car garage are other highlights. Buss apparently bought this four-bedroom condo in 2018, and she also reportedly owns another home in Playa Vista.
Jeanie bought a new home in Los Angeles’ Playa del Rey district in 2020. The house, which is conveniently located a few miles from Los Angeles International Airport, cost her $2.6 million. The four-bedroom beachfront home has a pool, jacuzzi, and gym as notable amenities.
The 2,200-square-foot house is also a part of the gated Breakers complex in the Playa del Rey region. Buss had previously acquired a number of homes in the LA region, but this most recent purchase marked her first waterfront home.
Conclusion
As of 2023, Jeanie Buss has a net worth of $500 million. She started her professional career as the general manager of a professional tennis team at the age of 19 and later became the owner of the Los Angeles Blades roller hockey team.
After her father’s death, she assumed the position of vice president of the Los Angeles Lakers and eventually became the team’s president, making history as the first woman to possess a majority stake in an NBA franchise.
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