Jeanie Buss, the esteemed owner of the Los Angeles Lakers, is a prominent figure in the world of basketball. With a net worth of $700 million, she has made her mark as a successful businesswoman and entrepreneur. As the president and controlling owner of the Lakers, Jeanie Buss has played a pivotal role in the team’s success and has contributed to the growth of the franchise’s value.
Jeanie Buss inherited a 66% stake in the Lakers upon her father’s passing in 2013. This ownership stake holds immense value, with each 11% stake estimated to be worth around $715 million, considering the current franchise valuation of $6.5 billion. Her ownership in the Lakers has significantly contributed to her impressive net worth and solidifies her position as one of the wealthiest owners in the NBA.
Born into the Buss family, Jeanie grew up with a strong connection to the world of sports and business. Her father, the late Jerry Buss, was not only the owner of the Lakers but also a successful real estate investor and owner of other sports teams in the Los Angeles area. Jeanie Buss’s upbringing has undoubtedly shaped her passion for sports and her drive to succeed in the industry.
Beyond her ownership of the Lakers, Jeanie Buss has had a diverse career in sports management. She started at a young age, becoming the general manager of the professional tennis team, the Los Angeles Strings, at just 19 years old. She later owned a roller hockey team called the Los Angeles Blades and served as the president of the Great Western Forum. Today, she continues to make an impact not only as the Lakers owner but also as the co-owner and promoter of Women of Wrestling.
Jeanie Buss’s personal life has also drawn attention, with relationships that have made headlines. She was previously married to professional volleyball player Steve Timmons and later had a long-term relationship with former Lakers head coach Phil Jackson. In 2023, she got engaged to comedian Jay Mohr and the couple married in September of that year. It is worth noting that Jeanie Buss posed nude for Playboy magazine in 1995, emphasizing her strong personality and individuality.
When it comes to real estate, Jeanie Buss has made strategic investments over the years. She sold her Playa Vista home in 2019 for $2.575 million and acquired a new property in the Playa del Rey neighborhood of Los Angeles for $2.6 million in 2020. This beautiful waterfront property features four bedrooms, a pool, a spa, and a gym, showcasing Jeanie Buss’s taste and appreciation for luxury.
The Los Angeles Lakers franchise holds significant value, currently estimated at $6.5 billion. This impressive figure speaks to the team’s success on the court and its loyal fan base. As the owner and president, Jeanie Buss’s decisions have played a key role in shaping the Lakers’ direction and contributing to their success. Her involvement in the organization has not only honored her father’s legacy but also elevated the franchise to new heights.
Key Takeaways:
- Jeanie Buss is the owner and president of the Los Angeles Lakers, with a net worth of $700 million.
- Her 66% ownership stake in the Lakers is estimated to be worth approximately $4.3 billion.
- Born into the Buss family, Jeanie has a strong background in sports and business.
- She has had a diverse career in sports management, owning and leading various teams.
- Jeanie Buss’s personal life has been the subject of media attention.
As a successful businesswoman, real estate investor, and influential figure in the sports industry, Jeanie Buss has left an indelible mark on the Los Angeles Lakers and the NBA as a whole. Her net worth, derived from her ownership stake in the Lakers and her various business ventures, further solidifies her position as a formidable force in the world of sports and entertainment.
Lakers Ownership Stake
When Jeanie Buss’ father, Jerry Buss, passed away in 2013, she and her siblings inherited a 66% stake in the Los Angeles Lakers. Each sibling, including Jeanie, owns an equal 11% ownership stake in the franchise. This means that Jeanie Buss’ ownership stake in the Lakers is worth approximately $715 million.
The Los Angeles Lakers, one of the most valuable franchises in the NBA, are currently valued at $6.5 billion. The Buss family’s majority stake in the team has been a key factor in their impressive net worth. Jeanie Buss, as the controlling owner, plays a vital role in overseeing the Lakers’ operations and shaping the team’s future.
Sibling | Ownership Stake | Approximate Value (in millions) |
---|---|---|
Johnny Buss | 11% | $715 |
Jenny Buss | 11% | $715 |
Jim Buss | 11% | $715 |
Jesse Buss | 11% | $715 |
Janie Buss | 11% | $715 |
Jeanie Buss | 11% | $715 |
With their collective ownership, the Buss family has played a pivotal role in maintaining the Lakers’ legacy and success both on and off the court. Jeanie Buss, in particular, has shown great dedication to preserving her father’s vision while ensuring the Lakers remain a thriving and influential franchise in the NBA.
Early Life and Family
Jeanie Buss, born on September 26, 1961, in Santa Monica, California, comes from an influential sports family. Her late father, Jerry Buss, was not only the owner of the Los Angeles Lakers but also a successful real estate investor and owner of various sports teams in the Los Angeles area. Growing up in such an environment, Jeanie Buss developed a deep-rooted connection to the sports world and gained valuable insights into the business side of the industry.
Throughout her childhood, Jeanie Buss witnessed her father’s dedication and passion for both basketball and entrepreneurship. Jerry Buss’s involvement in the sports industry played a significant role in shaping Jeanie’s aspirations and ultimately led her to follow in his footsteps. From an early age, she was exposed to the inner workings of professional sports and learned valuable lessons about leadership, financial management, and team-building.
“Being raised in a sports-oriented family brought a unique perspective into my life. My father’s achievements and the Buss family’s strong ties to the sports world instilled in me a deep appreciation for the game of basketball and a desire to contribute to its growth and success.”
Career
Jeanie Buss has had a remarkable career in the world of sports management, with notable accomplishments and successful ventures.
At a young age, she demonstrated her passion for sports by becoming the general manager of the Los Angeles Strings, a professional tennis team, at just 19 years old.
“I was fortunate to have a father who nurtured my passion for sports and encouraged me to pursue my dreams,” says Jeanie Buss.
Following her involvement in the tennis industry, she ventured into owning and managing the Los Angeles Blades, a roller hockey team. Her leadership skills and business acumen were evident as she successfully guided the team.
Furthermore, Jeanie Buss held the prestigious position of president at the Great Western Forum, an iconic entertainment venue in Los Angeles. Her influential role contributed to the venue’s success and reputation.
After the passing of her father, Jerry Buss, Jeanie Buss took on an even more significant role within the Los Angeles Lakers organization. She assumed the position of vice president, making significant contributions to the team’s operations and success.
“Being a part of the Lakers organization has always been a dream come true for me. I am committed to upholding the legacy of my father and ensuring the continued success of the team,” says Jeanie Buss.
In addition to her involvement with the Lakers, Jeanie Buss is also the co-owner and promoter of Women of Wrestling, showcasing her dedication to empowering women in the sports industry.
Highlights of Jeanie Buss’ Career
- Became the general manager of the Los Angeles Strings at 19 years old
- Owned and managed the Los Angeles Blades roller hockey team
- Served as the president of the Great Western Forum
- Took on the role of vice president within the Los Angeles Lakers organization
- Co-owner and promoter of Women of Wrestling
Through her various roles and ventures, Jeanie Buss has made a significant impact on the sports industry and continues to inspire future generations.
Personal Life
Jeanie Buss has had a colorful personal life. She was married to professional volleyball player Steve Timmons but the marriage ended in divorce. She later had a long-term relationship with Phil Jackson, the former head coach of the Lakers. In 2016, she announced their split. In 2023, she got engaged to comedian Jay Mohr, and the couple married in September of that year. Notably, Jeanie Buss posed nude for Playboy magazine in 1995.
Marriages | Relationships | Playboy Photoshoot |
---|---|---|
Steve Timmons (divorced) | Phil Jackson | 1995 |
– | Jay Mohr | – |
Real Estate
Diversifying her investments beyond the world of sports, Jeanie Buss has also ventured into real estate. Over the years, she has made several significant property acquisitions and sales, reflecting her keen eye for lucrative opportunities.
In 2019, Jeanie Buss sold her Playa Vista home for $2.575 million, showcasing her business acumen in the Los Angeles real estate market. However, she didn’t stop there. In 2020, she purchased a stunning property in the coveted Playa del Rey neighborhood of Los Angeles for $2.6 million.
The Playa del Rey property, located in a picturesque waterfront location, boasts four spacious bedrooms, a refreshing pool, a rejuvenating spa, and a state-of-the-art gym. It is a testament to Jeanie Buss’ taste for luxury and her desire to create a comfortable and stylish living environment.
Reports suggest that Jeanie Buss also owns other properties in the desirable Playa Vista area, further solidifying her presence in the local real estate scene. With her keen business instincts and penchant for strategic investments, it’s no surprise that Jeanie Buss has found success in the world of real estate alongside her accomplishments in sports.
Jeanie Buss Real Estate Investments
Year | Location | Purchase Price (USD) | Selling Price (USD) |
---|---|---|---|
2019 | Playa Vista | N/A | $2.575 million |
2020 | Playa del Rey | $2.6 million | N/A |
Lakers Franchise Value
The Los Angeles Lakers have established themselves as one of the most valuable franchises in the NBA. With a current valuation of $6.5 billion, the Lakers are a highly sought-after asset in the sports industry. The team’s value has experienced significant growth over the years, fueled by their on-court success and a dedicated fan base.
Jeanie Buss, the owner and president of the Lakers, holds a proportionate ownership stake in the franchise. Her contribution to the team’s ownership further adds to her substantial net worth, solidifying her position as a key figure in the NBA.
By maintaining a strong brand image and consistently delivering outstanding performance, the Los Angeles Lakers continue to enhance their franchise value. The team’s rich history, iconic players, and passionate fan base contribute to its enduring success both on and off the court.
Year | Franchise Value (in billions) |
---|---|
2010 | 1.0 |
2013 | 1.1 |
2016 | 2.6 |
2019 | 4.4 |
2021 | 6.5 |
The table above illustrates the growth in the Lakers’ franchise value over the years. From a humble value of $1.0 billion in 2010, the team has experienced a remarkable surge, reaching $6.5 billion in 2021. This substantial increase underscores the Lakers’ enduring popularity and their status as a premier NBA franchise.
Buss Family Wealth
The Buss family, which includes Jeanie Buss, has built substantial wealth through their ownership of the Los Angeles Lakers. Jeanie, along with her siblings, inherited a majority stake in the team from their late father, Jerry Buss. This ownership keeps the Lakers within the family and contributes significantly to their overall net worth.
Jerry Buss, besides his involvement with the Lakers, was a successful businessman in his own right. He made smart investments and had various business interests that further added to the family’s wealth. The inheritance of the Lakers ownership stake solidified the Buss family’s prominence in the sports and business world.
The Buss family’s ownership of the Lakers has been instrumental in preserving the team’s legacy and success. Their dedication to the franchise not only ensures its financial stability but also upholds the values and traditions established by Jerry Buss.
Key Points:
- The Buss family, including Jeanie Buss, gained significant wealth through their ownership of the Los Angeles Lakers.
- Jeanie and her siblings inherited a majority stake in the team from their late father, Jerry Buss.
- Jerry Buss was a successful businessman in addition to being the Lakers’ owner.
- The Lakers ownership inheritance contributes to the Buss family’s overall net worth and keeps the team within the family.
Despite the passing of Jerry Buss, his lasting impact on the Lakers and the family’s wealth continues through Jeanie Buss’s leadership and dedication to maintaining the team’s success.
Jeanie Buss’ Impact on the Lakers
Jeanie Buss, as the owner and president of the Los Angeles Lakers, has been instrumental in shaping the success of the organization. Her leadership and decision-making have had a profound impact on the team’s direction and achievements. Under her guidance, the Lakers celebrated a remarkable victory, clinching the NBA championship in 2020.
Not only has Jeanie Buss excelled in her ownership role, but she has also ventured into various business endeavors connected to the Lakers. This commitment further solidifies her position in the sports industry and amplifies her influence within the team. Her unwavering dedication to honoring her late father’s legacy is evident through her relentless efforts to maintain and enhance the Lakers’ success.
Through Jeanie Buss’ leadership, the Lakers continue to thrive and demonstrate their prowess on the court. Her astute decision-making and passion for the game continue to drive the franchise’s success, both on and off the basketball court. As she continues to navigate the challenging landscape of professional sports ownership, Jeanie Buss remains a powerful force within the Los Angeles Lakers organization.
FAQ
What is Jeanie Buss’ net worth?
Jeanie Buss has a net worth of $700 million.
How much of the Los Angeles Lakers does Jeanie Buss own?
Jeanie Buss owns a 66% stake in the Los Angeles Lakers.
What is the current value of the Los Angeles Lakers franchise?
The Los Angeles Lakers franchise is valued at $6.5 billion.
Which other sports teams did Jerry Buss, Jeanie Buss’ father, own?
Jerry Buss, Jeanie Buss’ father, also owned other sports teams in the Los Angeles area.
What role did Jeanie Buss have before becoming the owner of the Lakers?
Before becoming the owner, Jeanie Buss held various positions within the Lakers organization, including vice president.
Who is Jeanie Buss married to?
Jeanie Buss is currently married to comedian Jay Mohr.
Did Jeanie Buss pose for Playboy magazine?
Yes, Jeanie Buss posed nude for Playboy magazine in 1995.
Where are Jeanie Buss’ properties located?
Jeanie Buss owns properties in the Playa Vista and Playa del Rey neighborhoods of Los Angeles.
What is the value of the Los Angeles Lakers franchise?
The Los Angeles Lakers franchise is valued at $6.5 billion.
How did the Buss family accumulate their wealth?
The Buss family, including Jeanie Buss, inherited a majority stake in the Los Angeles Lakers from their late father, Jerry Buss.
What impact has Jeanie Buss had on the Lakers organization?
As the owner and president, Jeanie Buss has made significant decisions that have shaped the team’s direction and led to their success, including winning the NBA championship in 2020.
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