Jeanie Buss Net Worth: How Much Money Does She Make in Her Career?
Jeanie Buss is the President of the Los Angeles Lakers and the team’s controlling owner. She is the daughter of the late Los Angeles Lakers owner Jerry Buss. At 19, she became the general manager of a professional tennis team called the Los Angeles Strings. After buying the Los Angeles Blades, a roller hockey team, she became President of the Great Western Forum. After that, when her father died, she took over as vice president of the Lakers.
Even though each of Jerry’s six children owns a controlling share of the NBA team, Buss is the one who took a decisive leadership role and became the team president. She is also on the NBA’s Board of Governors, where she speaks for the Lakers. At first, all six of Jerry’s children had the same number of votes regarding running the Lakers. Buss has done an excellent job as owner of the Lakers. In 2020, she led the team to an NBA championship.
Jeanie Buss Family and Early Life
Jeanie Marie Buss was born in Santa Monica, California, on September 26, 1961. Her father started to do well in the real estate business when Jeanie was still a young child. Joann and Jerry Buss brought up Jeanie and her three siblings. In the 1960s, Jerry put his money into an apartment in West Los Angeles.
This would be the start of a string of successful real estate deals for the Ph.D. holder in physical chemistry. In the end, Jerry Buss and his business partner, Frank Mariani, made a company called Mariani-Buss Associates to invest in real estate.
By this time, Jerry had already split up with Joann, leaving Joanie with many emotional problems. She did, however, keep a good relationship with her father. Around this time, Jerry started buying several Los Angeles-area sports teams.
The Los Angeles Strings, the Los Angeles Kings hockey team, and the Los Angeles Lakers were some of these teams. At age 14, she went to World Team Tennis meetings with Jerry and learned a lot that she would later use when she ran the Los Angeles Strings. At age 17, she chose to live with her father and moved in with him full time.
Even though Jerry eventually sold most of his shares in the Kings, he kept focusing on running the Lakers well. Buss bought The Forum for $67.5 million as one of several sports-related purchases. Under Buss’s leadership, the Lakers won ten championships and put together an all-star team with players like Magic Johnson, James Worthy, Shaquille O’Neal, and Kobe Bryant. Jerry was a big reason why the Lakers are now worth $1 billion as a team.
Jeanie Buss Career
Jeanie went to college while her father taught her how to run a business and a sports team. She went to the University of Southern California and majored in business. She graduated with honors. Jerry chose Jeanie, 19 at the time and in college, to be the new manager of the Los Angeles Strings.
Jeanie was the President of the Great Western Forum, the Lakers’ stadium at the time, for four years after becoming the owner of the Los Angeles Blades in Roller Hockey International.
By 2005, she was one of the essential sportswomen. After Jerry died in 2013, Buss fired both General Manager Mitch Kupchak and her brother Jim, who was VP of Basketball Operations. She showed Jerry that she was good at business, and he planned for her to run the business side of the Lakers while her brother Jim made decisions about sports.
Jeanie Buss Family Law Matters
In 2017, Jeanie’s brother, Johnny, tried to take over The Lakers from her. After a long flight, the coup ended, and Jeanie took even more control of the team. She is now in charge of everything that the Laker family does.
Jeanie Buss Relationships
Jeanie married Steve Timmons, a pro volleyball player, in 1990. After three years, she decided to get a divorce. She said that she chose her job over getting married. She got engaged to Phil Jackson, the former head coach of the Lakers, after posing naked for “Playboy.” In 2016, they said they were no longer going to get married.
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Jeanie Buss Real Estate
It was said in 2019 that Buss sold her Playa Vista home for $2.575 million. She bought the property for $2.45 million in 2017. Even though the house was listed for $225,000 more than it sold, she agreed to the lower price.
After buying it two years ago, Buss worked on the place to make it more appealing to future buyers. Before putting the house back on the market, a quick coat of neutral paint and some new fixtures helped it look better. Her old Playa Vista home is on a corner lot and has almost 3,200 square feet of living space. French doors, a flagstone patio, and a three-car garage. Buss is said to own another property in Playa Vista, and she bought this four-bedroom condo in 2018.
In 2020, Jeanie bought a new home in Los Angeles’s Playa del Rey neighborhood. The four-bedroom waterfront property stands out because it has a pool, a spa, and a gym. She paid $2.6 million for the house, which is only a few miles from Los Angeles International Airport, which was a good choice.
The 2,200-square-foot home is also in the Playa del Rey area, in a gated community called Breakers. Even though Buss had bought other homes in the LA area before, this was her first waterfront home.
How Much Money Does Jeanie Buss Have?
Jeanie Buss is the President of the Los Angeles Lakers and the team’s controlling owner. She is the daughter of the late Los Angeles Lakers owner Jerry Buss. Jeanie Buss is worth 500 million dollars. At 19, she became the general manager of a professional tennis team called the Los Angeles Strings. After buying the Los Angeles Blades, a roller hockey team, she became President of the Great Western Forum. After that, when her father died, she took over as vice president of the Lakers.
Frequently Asked Question
How Much Does Jeanie Buss Have in the Bank?
At the moment, Jeanie Buss’s net worth is $500 million.
How Much Does Jeanie Buss Make in a Year?
Jeanie Buss makes 60 million dollars a year.