Jeanie Buss Net Worth: Her Lifestyle, Career, Real Estate And More (Latest Update 2022)
Net worth of Jeanie Buss- The late Jerry Buss's daughter and current president of the Los Angeles Lakers, Jeanie Buss. The net worth of Jeanie Buss is $500 million. While still in high school, she began her career as the general manager of the professional tennis team the Los Angeles Strings at the age of 19.
After purchasing the Los Angeles Blades roller hockey team, she was elected president of the Great Western Forum. After the death of her father, she was named vice president of the Los Angeles Lakers. Even though each of Jerry's six children owned an NBA franchise, Buss was the one who took a strong leadership role within the organisation, becoming team president.
In addition, she represents the Los Angeles Lakers on the NBA Board of Governors. At first, all six of Jerry's children had an equal say in the ownership of the Lakers. The Lakers won the NBA championship in 2020 under the ownership of Buss, who has had a successful run as a team owner.
Jeanie Buss Early Life and Family
On September 26, 1961, Jeanie Marie Buss was born in Santa Monica, California. Jeanie was only a few years old when her father, Jerry Buss, began making a name for himself in the real estate industry. Jerry made an investment in an apartment building in West Los Angeles in the 1960s.
After earning his doctorate in physical chemistry, he would go on to have a successful career in real estate investing. When Jerry Buss and Frank Mariani decided to start their own real estate investment firm, they called it Mariani-Buss Associates.
Jerry and Joann had divorced by this point, leaving Joanie with severe emotional problems. However, she was able to maintain a close relationship with her father. Jerry began purchasing Los Angeles-area sports teams around this time.
In addition to the Los Angeles Lakers and the Los Angeles Kings of hockey, the city of Los Angeles is also home to a number of other notable organizations. Despite being only fourteen years old at the time, she was already attending Jerry's World Team Tennis meetings and picking up valuable management lessons.
Having reached the legal age of majority, she made the decision to live with her father full-time at the age of 17. Despite selling the majority stake in the Kings, Jerry continued to closely manage the Lakers. The Forum was purchased by Buss for $67.5 million as part of a string of sports-related acquisitions.
Under Buss' ownership, the Los Angeles Lakers won ten NBA championships and accumulated an all-star team that included James Worthy, Magic Johnson, Shaquille O'Neal, and Kobe Bryant. The Lakers became a billion-dollar franchise thanks to Jerry's efforts.
Jeanie Buss Career
Jeanie attended college at the same time as she learned the ins and outs of business and sports management from her father. With an honors degree in business, she enrolled at the University of Southern California. Jerry named Jeanie, then a 19-year-old college student, the Los Angeles Strings' new manager while she was still in school.
Jeanie spent four years as president of the Great Western Forum, the Lakers' stadium at the time, after becoming the owner of the Los Angeles Blades in Roller Hockey International. He wanted her to run the financial side of the Lakers while Jim handled the athletic choices, and she demonstrated she was capable of doing so.
By 2005, she was one of the most powerful women in athletics. She eventually let go of both General Manager Mitch Kupchak and her brother Jim, who was the VP of Basketball Operations, after Jerry passed in 2013.
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Jeanie Buss Family Legal Issues
Earlier this year, Johnny, Jeanie's brother, made an attempt to seize control of the Lakers from her. After a long fight, Jeanie was able to take even more control of the team. She now has complete authority over all family decisions involving the Laker.
Jeanie Buss Relationships
Jeanie Timmons divorced her husband of three years, Steve Timmons after they wed in 1990. As she put it, her career came first, even if it meant leaving her husband. Phil Jackson, the former head coach of the Los Angeles Lakers, proposed to her after she posed for “Playboy.” The couple announced in 2016 that they were calling off their wedding plans.
Jeanie Buss's Net Worth
It is Jeanie Buss' father, Jerry Buss, who founded the LA Lakers and who is now its president and controlling owner. It's estimated that Jeanie Buss is worth $500 million. It was when she was just 19 years old that she became general manager of a professional tennis team called the Los Angeles Strings that she began her professional career.
Following her purchase of the Los Angeles Blades roller hockey team, she was elected president of the Great Western Forum. After her father's death, she was named vice president of the Los Angeles Lakers.
Buss sold her Playa Vista home for $2.575 million in 2019, according to public records. In 2017, she paid $2.45 million for the house she now owns. She agreed to the lower price even though the house was originally listed for $225,000 more than the final sale price.
However, after purchasing the property two years prior, Buss made some improvements in an effort to make it more appealing to future buyers. Painting and new fixtures were all that was needed to bring it up to date before it went on the market again. A corner lot and nearly 3,200 square feet of living space make up her former Playa Vista home.
In addition, the home has a flagstone patio and French doors. One of Buss' other properties in Playa Vista is reportedly a four-bedroom condo, which she reportedly purchased in 2018. Jeanie purchased a new home in the Playa del Rey neighbourhood of Los Angeles in 2020.
She shelled out $2.6 million for the house, which is located just a few miles from LAX. The four-bedroom waterfront property features a swimming pool, a spa, and a gym as notable amenities.
The 2,200-square-foot house is located in the gated community of The Breakers, which is located in the Playa del Rey area. After purchasing several properties in the Los Angeles area, this was Buss's first waterfront home purchase ever.