Gerald Hatten Buss was an investor and businessman and was well-known for being a philanthropist. He has also been the owner of the basketball team of Los Angeles Lakers. His ownership although shared had the majority of the shares of the team. Today, we will be discussing the life and total net worth of Jerry Buss standing in 2019.
Early Life & Biography
Jerry Buss was born in the year 1933 in Salt Lake City, America. His divorced mother raised him singlehandedly. When Gerald reached pre-teen years, his mother and he settled in Los Angeles. They then moved to Kemmerer and Gerald secured a scholarship from the University of Wyoming.
Later the man transferred to Los Angeles again to gain an MS and PhD degree in physical chemistry from the university. He started working as a chemist for Mine Safety organization and also had a brief work history in the aerospace industry. The later philanthropist also invested in real estate to continue teaching. However, Gerald received great success in real estate business and then readily pursued investments in the sector.
Buss got married to Joann Mueller, but their marriage didn’t last long. They had four children together. Buss also had two kids with a girlfriend, Karen Demel. Buss was known to be a playboy while he was the owner of the Lakers organization. He ran into many legal settlements because of his numerous affairs with different women.
Career, Awards, & Nominations
Buss investments in real estate yielded great fruits, and thus he soon became the owner of an investment company in the year 1979. Gerald Buss started his tycoon career by being the owner of the Los Angeles Strings. Apart from this he also bought Los Angeles Lakers. He also bought Los Angeles hockey team in the same year and then bought a big ranch from Jack Kent Cooke. Under the ownership of Buss, the LA Lakers won many championships. He had been an inspiration to the Lakers as he helped them understand how basketball needs to be entertaining.
In the year 2002, Buss took ownership of the team, Sparks. He then sold it in the year 2006. Later the man bought the LA Lazers soccer team. In the year 2010, he was mentioned in the Basketball Hall of Fame. Buss had a knack for poker games, so much so that he even became third in the year 1991 at the World Series of Poker. His love for poker helped him to appear on NBC poker show.
Buss started his philanthropy career by donating some $8 million to the Chemistry department of USC. He then extended his philanthropy to people who were associated with Lakers.
Net Worth & Earnings
Jerry Buss had a total net worth of $600 million in his lifetime. An entrepreneur and philanthropist, the tycoon, earned this net worth through real estate investment and through buying companies. His primary income comes from being the owner of the LA Lakers team.
Jerry Buss after spending a life of a successful entrepreneur died in the year 2013 after battling cancer for a year. He died of kidney failure and was 80-years-old at the deathbed. The philanthropist is an inspiration for young entrepreneurs and dreamers.