Search results
3 days ago · Six championships and 33 years later, the Bulls are worth $2.5 billion net of debt; Reinsdorf still owns an estimated 40%. He made his first fortune in real estate, cofounding Balcor Company in...
He has been the owner of the White Sox and Bulls for nearly 40 years. As of May 2024, his net worth was estimated at US$2.2 billion. [1]
Sep 5, 2024 · Jerry Reinsdorf is a notable American sports executive, known for owning the Chicago Bulls in the NBA and the Chicago White Sox in MLB. His journey from a tax attorney to a Hall of Fame inductee highlights his significant impact on professional sports.
- What Is Jerry Reinsdorf's Net Worth?
- Early Life
- Career Beginnings
- Team Ownership
- Criticism
- Relationship with Michael Jordan
Jerry Reinsdorf is a lawyer, CPA, and professional sports owner who has a net worth of $2 billion dollars. Jerry Reinsdorf is probably most famous for being the owner of both the Chicago White Sox and the Chicago Bulls. He has been the head of both teams for more than 35 years and has met with both great success and controversy regarding his handli...
Jerry M. Reinsdorf was born in Brooklyn, New York in February 1936. As a child he was in the stands on the day Jackie Robinsonmade his debut with the Brooklyn Dodgers. After attending George Washington University for undergrad he moved to Chicago where he got a job as a CPA/appraiser/mortgage underwriter. He earned a full scholarship to Northwester...
His very first job after graduating was for the Internal Revenue Service. The very first case he was assigned to was a tax delinquency case involving Bill Veeck, who owned the White Sox. In 1964 Jerry went into private practice developing real estate tax shelter for private clients. In 1973 he formed a company called Balcor to invest $650 million i...
Reinsdorf and a group of partners purchased the Chicago White Sox in 1981 for $19 million. That's the same as $54 million in today's dollars. In 1983 the White Sox had the best record in Major League Baseball. The White Sox won the 2005 World Series and that boosted the teams value to more than $300 million. Today the White Sox are worth $1.9 billi...
Reinsdorf and team GM Jerry Krause have been criticized in retrospect for not attempting to keep the championship team together following their 1998 win. At the beginning of the 1997-1998 season, Krause reportedly refused to offer coach Phil Jackson a longer term contract. Jordan refused to play for anyone other than Jackson. From their perspective...
Michael and Jerry Reisndorf always had an amicable relationship. When Jordan announced his first retirement from the NBA so he could play professional baseball, not only was Jerry supportive he also offered him a minor-league contract with the White Sox. Furthermore, Reinsdorf decided to continue paying Michael his full $3 million NBA salary, as a ...
- Celebrity Net Worth
Sep 7, 2021 · Jerry Reinsdorf is well established as a billionaire and is regarded by most as a tycoon of the sports franchisee world for the past three decades. Coming from humble beginnings, Reinsdorf used his sharp brain and determination to achieve his dream. As of 2021, his net worth is estimated to be around $1.7 billion.
- Brooklyn, NY, USA
- Jerry Michael Reinsdorf
- February 25, 1936
- Father-Max Reinsdorf, Mother-Marion Reinsdorf
Apr 20, 2020 · Even more than 20 years after the Bulls won their sixth and final championship, the franchise is still one of the most valuable in the NBA and is currently worth approximately $3.2 billion. Jerry Reinsdorf was inducted into the Basketball Hall of Fame in 2016.
People also ask
What is Jerry Reinsdorf's net worth?
Who is Jerry Reinsdorf?
Which son of Jerry Reinsdorf died?
Does Jerry Reinsdorf currently own the White Sox?
Apr 28, 2024 · Jerry Reinsdorf, a lawyer, CPA, and professional sports owner, boasts a net worth of $2 billion. He’s best known as the owner of the Chicago White Sox and the Chicago Bulls. For over 35 years, he’s led both teams.
