Jeanie Buss, an American sports executive and well-known entrepreneur, with a spectacular net worth of $500 million as of the year 2023. She is the daughter of the late Jerry Buss, owner of the Los Angeles Lakers.
By becoming the president of the Los Angeles Lakers and a co-owner of the women’s wrestling industry, Buss continued her father’s legacy. At the age of 19, Jeanie Buss joined her family’s business as the general manager of a professional tennis team.
The Los Angeles Blades were among the roller hockey teams that Buss soon acquired. After her father passed away in 2013, she advanced fast through the ranks to become the vice president of the Lakers. Buss, one of Jerry’s six children, had a key leadership role at the company and eventually became the team president.
Buss was elected to lead the Great Western Forum as well. As the first woman to own a majority ownership in an NBA franchise by 2020, she had created history.
In addition to her salary, sources of income, career, biography, expenses, legal issues, and opulent lifestyle, Jeannie Buss’s net worth will be covered in this article.
What Is Jeanie Buss’ Net Worth?
|Net Worth:||$500 Million|
|Date of Birth:||Sep 26, 1961 (61 years old)|
|Place of Birth:||Santa Monica|
According to Celebrity Net Worth, Jerry Buss’s daughter Jeanie is the president and controlling owner of the Los Angeles Lakers. The net worth of Jeanie Buss is $500 million.
At age 19, she started her professional career when she was appointed general manager of the Los Angeles Strings, a professional tennis team. After taking over ownership of the Los Angeles Blades roller hockey team, she progressed to the role of president of the Great Western Forum. She became the Lakers’ vice president after her father passed away.
Jeanie Buss’s Early Life and Family
In Santa Monica, California, on September 26, 1961, Jeanie Marie Buss was born. One of the four children raised by Joann and Jerry Buss, Jeanie was still a small girl when her father started to prosper in the real estate business. In the 1960s, Jerry invested in an apartment building in West Los Angeles.
This would serve as the catalyst for the physical chemistry Ph.D.’s string of successful real estate ventures. In the end, Jerry Buss and his business partner Frank Mariani founded the real estate investment company Mariani-Buss Associates.
Jerry and Joann had already split up by this point, leaving Joanie with serious emotional issues. She did, though, maintain a tight bond with her father. Jerry began purchasing additional sports teams in the Los Angeles area around this time.
Among them were the Los Angeles Kings, Los Angeles Lakers, and Los Angeles Strings. She started accompanying Jerry to World Team Tennis events when she was 14 years old, where she learned a lot of future skills that she would later apply to operate the Los Angeles Strings. When she was 17 years old, she decided to live with her father full-time.
Even after eventually relinquishing his controlling ownership in the Kings, Jerry kept a laser-like focus on closely monitoring the Lakers. Buss spent $67.5 million to add The Forum to his portfolio of sporting goods purchases.
When Buss controlled the Lakers, they won 10 championships and put together an all-star lineup that featured James Worthy, Magic Johnson, Shaquille O’Neal, and Kobe Bryant. Jerry played a significant role in the Lakers becoming a $1 billion organisation.
Jeanie Buss: From College to Lakers Owner
While learning the ropes of business and sports management from her father, Jeanie attended school. She studied business at USC, where she received the top honours upon graduation.
When she was still in school, Jerry hired Jeanie, who was 19 at the time, to manage the Los Angeles Strings. After buying the Los Angeles Blades of Roller Hockey International, Jeanie spent four years as president of the Great Western Forum, where the Lakers played.
After persuading Jerry of her economic acumen, she and he devised a plan for her to oversee the Lakers’ commercial operations while Jim handled the team’s sporting activities. By 2005, she was one of the most effective female athletes. Buss broke relations with general manager Mitch Kupchak and her brother Jim, who was in charge of basketball operations, soon after Jerry’s passing in 2013.
Jeanie Buss’s Personal Life
Jeanie married Steve Timmons, a professional volleyball player, during the 1990 campaign. The woman filed for divorce after three years of marriage, stating the preference she put to her career over her husband.
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In 2017, Jeanie began dating comedian and actor Jay Mohr. They announced their engagement to one another in December 2022.
Jeanie featured in skimpy clothing for Playboy in 1995.
Inside Jeanie Buss’ Real Estate Portfolio
2019 saw Buss sell her Playa Vista home for $2.575 million. When she initially purchased the home in 2017, she had spent $2.45 million for it. Despite the fact that the house was first offered for $225,000 more than what it ultimately sold for, she consented to the price decrease. Having said that, Buss did make some upgrades to the home after buying it two years earlier in an effort to make it more desirable to purchasers.
When the house was put back on the market, it was brightened up with contemporary fixtures and a quick layer of neutral paint. Her former Playa Vista home is on a corner lot and has a total living area of just about 3,200 square feet. Other attractions include a three-car garage, French doors, and a flagstone patio. Buss reportedly purchased this four-bedroom condo in 2018 and is also said to have another Playa Vista residence.
In 2020, Jeanie purchased a new house in the Playa del Rey neighbourhood of Los Angeles. She spent $2.6 million for the house, which is ideally positioned a few miles from Los Angeles International Airport. The four-bedroom seaside mansion features remarkable amenities like a pool, jacuzzi, and gym.
The gated Breakers community in the Playa del Rey area also includes the 2,200-square-foot mansion. Buss had purchased a number of properties in the LA area in the past, but this most recent acquisition was her first waterfront home.
Jeanie Buss’s net worth was estimated to be $500 million as of 2023. At the age of 19, she began working in the business world as the general manager of a professional tennis team. Later, she acquired the Los Angeles Blades roller hockey team.
After her father passed away, she took over as the Los Angeles Lakers’ vice president and later as the team’s president, becoming the first woman to own a majority ownership in an NBA franchise.