Jerry Buss was an American businessman and entrepreneur who gained widespread recognition as the owner of the Los Angeles Lakers, one of the most successful franchises in the history of the National Basketball Association (NBA). Buss, who sadly passed away in 2013, left behind an impressive legacy both on and off the basketball court. In this article, we will delve into Jerry Buss’ net worth at the time of his death, as well as explore some interesting facts about his life and accomplishments.
Jerry Buss Net Worth at Death:
Jerry Buss had an estimated net worth of $600 million at the time of his death in 2013. This significant fortune was largely derived from his ownership of the Los Angeles Lakers, which he acquired in 1979. Buss transformed the Lakers into one of the most successful and valuable sports franchises globally, contributing significantly to his wealth.
Interesting Facts about Jerry Buss:
1. Educational Background: Jerry Buss was a highly educated individual. He obtained his bachelor’s degree in chemistry and his master’s and doctorate degrees in physical chemistry from the University of Southern California (USC). Buss’ scientific background played a significant role in his success as a businessman.
2. Real Estate Ventures: In addition to his ownership of the Lakers, Jerry Buss was also actively involved in real estate investments. He had a keen eye for lucrative opportunities and accumulated a substantial real estate portfolio throughout his life.
3. Introduction of “Showtime Lakers”: Buss is credited with revolutionizing the game of basketball by introducing the “Showtime Lakers” era. Under his ownership, the Lakers became known for their fast-paced, high-scoring style of play, captivating fans worldwide. This approach not only brought immense success to the franchise but also transformed the NBA as a whole.
4. Acquisitions of Other Sports Franchises: Apart from the Lakers, Buss also acquired other sports franchises, including the Los Angeles Kings of the National Hockey League (NHL) and the Los Angeles Lazers of the Major Indoor Soccer League (MISL). His diverse sports portfolio showcased his passion for the industry and his commitment to expanding his legacy.
5. Philanthropic Efforts: Jerry Buss was known for his philanthropic endeavors. He generously donated to various charitable organizations and actively supported educational initiatives. Buss believed in giving back to society and made a positive impact on many lives through his philanthropy.
6. Hollywood Connections: Buss had close ties with the entertainment industry and often rubbed shoulders with Hollywood celebrities. His charismatic personality and love for the spotlight made him a familiar face on the red carpet during Lakers games. Buss’ ability to bridge the gap between sports and entertainment further elevated the Lakers’ brand and popularity.
7. Induction into the Basketball Hall of Fame: In recognition of his contributions to the sport and his remarkable achievements as an owner, Jerry Buss was posthumously inducted into the Naismith Memorial Basketball Hall of Fame in 2010. This prestigious honor solidified his status as a legendary figure in the world of basketball.
Common Questions about Jerry Buss:
1. How old was Jerry Buss at the time of his death?
Jerry Buss passed away at the age of 80 on February 18, 2013.
2. How tall was Jerry Buss?
Jerry Buss stood at a height of 6 feet 5 inches (196 cm).
3. What was Jerry Buss’ weight?
Jerry Buss’ weight varied throughout his life, but he was generally reported to be around 200 pounds (91 kg).
4. Who was Jerry Buss’ spouse?
Jerry Buss was married twice. His first marriage was to JoAnn Mueller, with whom he had four children. After their divorce, he married his second wife, Jesse Buss.
5. How did Jerry Buss acquire the Lakers?
Jerry Buss purchased the Los Angeles Lakers, along with the Los Angeles Kings and the Forum, a sports and entertainment arena, for $67.5 million in 1979.
6. Did Jerry Buss have any other business ventures?
Apart from owning the Lakers, Jerry Buss was involved in various real estate investments, which significantly contributed to his net worth.
7. What was Jerry Buss’ impact on the Lakers’ success?
Jerry Buss transformed the Lakers into one of the most successful sports franchises globally. Under his ownership, the team won ten NBA championships and became synonymous with excellence and showmanship.
8. How did Jerry Buss change the game of basketball?
Jerry Buss introduced the “Showtime Lakers” era, characterized by a fast-paced, high-scoring style of play. This approach revolutionized the game and contributed to the NBA’s rise in popularity.
9. Was Jerry Buss involved in any philanthropic activities?
Yes, Jerry Buss was actively involved in philanthropy and made significant donations to various charitable organizations. He also supported educational initiatives.
10. What other sports franchises did Jerry Buss own?
In addition to the Lakers, Jerry Buss owned the Los Angeles Kings of the NHL and the Los Angeles Lazers of the MISL.
11. Was Jerry Buss recognized for his contributions to basketball?
Yes, Jerry Buss was posthumously inducted into the Basketball Hall of Fame in 2010, acknowledging his profound impact on the sport.
12. How did Jerry Buss establish connections with Hollywood?
Jerry Buss was known for his vibrant personality and close connections with Hollywood celebrities. His ownership of the Lakers brought him into contact with many prominent figures in the entertainment industry.
13. What was Jerry Buss’ educational background?
Jerry Buss earned his bachelor’s, master’s, and doctorate degrees in chemistry and physical chemistry from USC.
14. What was Jerry Buss’ estimated net worth at the time of his death?
Jerry Buss’ net worth at the time of his death in 2013 was estimated to be $600 million.
15. How did Jerry Buss give back to society?
Jerry Buss actively engaged in philanthropy, making significant donations and supporting educational initiatives to give back to society.
In summary, Jerry Buss was a highly successful businessman and the owner of the Los Angeles Lakers. With an estimated net worth of $600 million at the time of his death, he revolutionized the game of basketball and transformed the Lakers into a globally recognized franchise. Buss’ philanthropic efforts, real estate ventures, and Hollywood connections further added to his colorful and impactful life. His contributions to the sport were acknowledged with his induction into the Basketball Hall of Fame, solidifying his status as one of basketball’s most influential figures.