Connect with us

Businesspersons

Jerry Buss Net Worth

Published

on

Jerry Buss's Net Worth as of 2024
$600 Million

Geralt Hatten Buss, simply known as Jerry Buss, was a famous American real estate enterpreneur, businessman, philanthropist, chemist, as well as a professional poker player. Jerry Buss is perhaps best known as the owner of several professional sports teams, the most popular being the Los Angeles “Lakers” basketball team. Under Buss’ ownership, “The Lakers” were most successful since their foundation, as they went on to with 10 NBA championships and had such players as Magic Johnson, Shaquille O’Neal, Kobe Bryant, Pau Gasol and James Worthy on their team. An inductee into the Basketball Hall of Fame, Jerry Buss inspired the “Showtime era” in Los Angeles “Lakers” history, when the players would adopt an exciting and fast style of play, which included a lot of field goal attempts, as well as an up-tempo style. Wanting to make basketball games even more entertaining, Jerry Buss hired dancers and live bands that performed during “Lakers” home matches.

Jerry Buss Net Worth $600 Million

A famous businessman, how rich is Jerry Buss? According to sources, Jerry Buss’ net worth is estimated to be $600 million. Undoubtedly, the majority of Jerry Buss’ net worth came from his business ventures.

Jerry Buss was born in 1933, in Salt Lake City, Utah, but later in his childhood moved to Wyoming with his mother. In Wyoming, Buss studied at the University of Wyoming and later came back to Los Angeles to continue his studies in the University of Southern California. It was in this university where Buss earned a degree in physical chemistry. Buss began his career as a chemist in the United States Bureau of Mines, which was a government agency that conducted scientific research of mineral resources. For a brief period of time, Jerry Buss worked in an aerospace company and at the same time was a lecturer at the University of Southern California.

In order to earn more money, which would help him continue teaching, Buss decided to venture into business. When his first $1 000 real estate investment proved to be profitable, Buss chose to focus on this aspect of business and later even co-owned a real estate investment firm called “Mariani-Buss Associates”. Buss’ income started to increase when he purchased several sports teams, among which were the “Lakers”, Los Angeles “Kings” NHL team, as well as WNBA “Sparks Team”. In addition, Buss purchased a multi-purpose indoor arena called “The Forum” in Inglewood, which is the home of the famous Los Angeles “Lakers”.

As a professional poker player, Jerry Buss received a lot of recognition in 1991, when he came third in the World Series of Poker event, and when he won a second place in the World Poker Tour Freeroll event in 2003. Buss even made an appearance in a poker television program called “Poker After Dark”.

Buss was a supporter of various charitable causes and donated approximately $7.5 million to the Department of Chemistry in the University of Southern California, where he previously studied and worked at.

A famous entrepreneur, Jerry Buss died as a result of kidney failure in 2013, when he was 80 years old.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Businesspersons

Charles Saatchi Net Worth

Published

on

Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.

Charles Saatchi Net Worth $100 Million

They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.

To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 –  by Sol LeWitt,  a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.

Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990.  Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.

Continue Reading

Businesspersons

Mikey Teutul Net Worth

Published

on

Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.

So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned  by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.

Mikey Teutul Net Worth $3 Million

Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.

In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was  that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr  Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul  Jr. was the former chief fabricator of OCC.

So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.

In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!

In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.

Continue Reading

Recommended

Actors60 mins ago

What is Sarah Snyder doing now? Wiki, Age, Net Worth, Affairs

Early life, family, educational background American actress and model Sarah Irene Snyder was born on 30 July 1995, making her...

Lists60 mins ago

Nick McGlashan’s Tragic Death On “Deadliest Catch”

What is “Deadliest Catch”? “Deadliest Catch” is a Discovery Channel production that premiered in April 2005, and shows viewers the...

Lists60 mins ago

Frank Fritz Is On The Mend After Stroke

Who is Frank Fritz? Born in October 1963 in Davenport, Iowa USA, Frank Fritz is a TV star and antiques...

Lists60 mins ago

What happened to Drake Milligan from “America’s Got Talent”?

Who is Drake Milligan? Born in Mansfield, Texas, in June 1998, Drake Milligan took the US by storm with his...

Lists60 mins ago

What does Zach Roloff Do For a Living in 2022? After Move to Farm

For over 15 years, Zach Roloff had been in the limelight via The Learning Channel’s “Little People Big World.” From...

Lists60 mins ago

The Untold Truth About Romain Bonnet from “Selling Sunset”

Romain Bonnet became one of the most controversial subjects during to his participation in Netflix’s hit reality television series, “Selling...

Lists60 mins ago

“My Big Fat American Gypsy Wedding” – Where are they now?

The reality-television series “My Big Fat American Gypsy Wedding,” captured the imagination of American viewers when it was launched in...

Lists60 mins ago

Millie Bobby Brown is partially deaf

British actress Millie Bobby Brown rose to stardom at the age of 12, with her breakout role as Eleven in...

Lists60 mins ago

“Miami Ink” Cast – Where are they now?

The reality television series, “Miami Ink,” became huge when it was launched in 2005 on the TLC cable network, and...

Lists60 mins ago

Where is Sophie Fatu from America’s Got Talent today?

The world stood in awe when in 2018 a five-year old girl appeared in episode 1303 in the 13th season...

Trending