Wow, Jeanie Buss, the LA Lakers owner and executive, is one impressive businesswoman with a whopping net worth of 700 million dollars! According to several reports, Jeanie Jeanie Buss net worth primarily comes from her role as the controlling owner of the LA Lakers. Though she inherited the legendary basketball franchise from her father Jerry Buss, Jeanie has proven herself more than capable of running this team. Not only does she rake in big bucks from the Lakers’ profits, but Buss also earns income producing shows like the Emmy-winning “Legacy: The True Story of the LA Lakers.”
Jeanie Buss Inherited a Majority Stake in the Los Angeles Lakers From Her Father
| Name | Jeanie Marie Buss |
| Net Worth (2024) | $700 Million (INR 5840 Cr) |
| Profession | Sports executive |
| Monthly Income | $5 Million + |
| Yearly Income | $50 Million + |
| Last Updated | 2024 |
When your dad owns one of the most valuable sports franchises in the world, you’re born into a life of privilege. For Jeanie Buss, her father Jerry’s 66% controlling stake in the LA Lakers led to a front-row seat to one of basketball’s most successful dynasties.
At just 19, Jeanie began working for the Lakers as general manager of the LA Strings tennis team. She quickly moved up the ranks, becoming the Lakers’ executive vice president of business operations in 1999. Over nearly 40 years, Jeanie established herself as a power player in a male-dominated field.
In 2017, Jeanie won a boardroom showdown with her brother Jim, securing her spot as controlling owner and president of the Lakers. Under her leadership, the team has restored its championship luster, winning the 2020 NBA title.
While Jeanie’s equity in the Lakers comprises the bulk of her $700 million net worth, she’s also made savvy real estate moves. In 2015, she sold her Playa Vista home for $2.575 million, nearly tripling her initial $900,000 investment.
With a keen eye for talent and a lifetime of experience in pro basketball, Jeanie has proven she’s the right successor to her legendary father’s empire. The Lakers are in capable hands under her leadership, poised to continue their winning tradition and further cementing Jeanie’s status as one of the most powerful women in sports.
Jeanie Buss Took Control of the Lakers After a Battle With Her Brother in 2017
When your dad leaves you a 66% stake in one of the most valuable sports franchises in the world, you know you’ve got big shoes to fill. As the Lakers’ governor and president, that’s exactly the position Jeanie found herself in after inheriting the team from her father Jerry in 2013.
A Family Feud Almost Derailed Her Plans
However, Jeanie’s brothers Jim and Johnny had other ideas. They attempted to reconfigure the board of directors to cut Jeanie out of key decisions regarding the team’s operations. Jeanie wasn’t about to let that happen. After a lengthy legal dispute, Jeanie emerged victorious, and her brothers were removed from their positions with the organization.
Victory Was Sweet, But Challenges Remained
With her authority reaffirmed, Jeanie set about rebuilding the Lakers into a championship contender once again. She hired Magic Johnson as president of basketball operations and parted ways with coach Luke Walton. The team signed superstar LeBron James in 2018 and Anthony Davis the following year.
While her brothers may have underestimated her, Jeanie has proven herself a formidable leader. Through her vision and determination, she has re-established the Lakers as a dominant force in the NBA. For Lakers fans, the future looks bright under Jeanie’s leadership. Her perseverance and love for the franchise her father built will ensure the team remains in good hands for years to come.
Jeanie Buss Sold Her Home in Playa Vista for $2.575 Million in 2019
Jeanie Buss recently sold her Mediterranean-style estate in Playa Vista for $2.575 million, slightly below the original asking price. According to property records, the Lakers owner and president bought the home in 2005 for $1.8 million.
Luxurious Yet Homey
The luxurious yet homey 5-bedroom, 5.5-bathroom residence offered plenty of living space at over 5,500 square feet. The open-concept home featured vaulted ceilings, hardwood floors, a center-island kitchen, and a family room with a fireplace. A spacious master suite included a sitting area, fireplace, and spa-like bathroom.
Outside, the entertainer’s backyard featured a pool, spa, built-in BBQ, fire pit, and spacious lawn – perfect for hosting Lakers viewing parties and victory celebrations! The home was centrally located in a guard-gated community, close to shopping, dining, and major freeways.
Focusing on the Lakers
With her role as Lakers president, it’s no surprise Jeanie decided to downsize to focus on running the franchise. After a lengthy legal battle, Jeanie took control of the Lakers in 2017 from her brother Jim. Since then, she has helped turn the team around, leading them back to the playoffs and into championship contention.
Under Jeanie’s leadership, the Lakers have a bright future. While she may have sold her Playa Vista home, Jeanie’s heart will always remain with the Lakers and bringing more championship banners to Staples Center. Her passion and dedication to the franchise have solidified her status as a pioneer for women in sports. With Jeanie at the helm, the Lakers dynasty is poised to continue for generations to come. Also Read: Jonathan Owens Net Worth.
Jeanie Buss Acquired a New Property in Playa Del Rey, Los Angeles
Jeanie Buss, the billionaire owner and president of the LA Lakers, recently purchased a beachfront condo in the Playa Del Rey area of LA. The gated complex property set Jeanie back $2.6 million, a modest sum for someone with a net worth approaching $700 million.
Modest Lifestyle Despite Wealth
Despite her incredible wealth and properties, Jeanie maintains a relatively modest lifestyle. She’s frequently seen driving herself in her Jeep and is known for being down-to-earth and personable. Her true passion remains the Lakers organization, which she has helped build into a multi-billion dollar global brand and one of the most successful franchises in sports history.
Gained Full Control
After a protracted legal battle, Jeanie gained full control of the Lakers in 2017. She has since helped revitalize the franchise, which had been struggling in recent years. By hiring LeBron James and Anthony Davis, the Lakers are once again championship contenders and the hottest ticket in town.
Dedication and Leadership
Jeanie’s shrewd leadership and dedication to the team’s success have solidified her status as one of the most influential owners and executives in professional sports.
New Retreat to Celebrate
With her new Playa Del Rey retreat, Jeanie will now have another place to celebrate the Lakers’ victories in style while staying grounded amid the glamour and spotlight. For Jeanie Buss, life’s greatest rewards remain watching the Lakers win and helping the organization achieve its fullest potential. Success, after all, is what the Lakers brand is all about.
Jeanie Buss Is the President & Owner of the Los Angeles Lakers
| Jeanie Buss Net Worth in 2024 | $700 Million |
| Jeanie Buss Net Worth in 2023 | $500 Million |
| Jeanie Buss Net Worth in 2022 | $450 Million |
| Jeanie Buss Net Worth in 2021 | $400 Million |
| Jeanie Buss Net Worth in 2020 | $370 Million |
| Jeanie Buss Net Worth in 2019 | $340 Million |
As the controlling owner and president of the Los Angeles Lakers, Jeanie Buss oversees one of the most valuable franchises in the NBA. After years of working for the organization, Jeanie took over the team in 2013 following a battle with her brother Johnny. Under her leadership, the Lakers have won multiple NBA championships and continue to be one of the most popular teams in professional sports.
Jeanie began her career with the Lakers at 19, serving as general manager of the Los Angeles Strings tennis team. She held various roles within the organization over the years before being named vice president of business operations in 2005 and eventually team president. Jeanie’s passion for the Lakers and basketball is unmatched. She won an Emmy in 2023 as executive producer of “Legacy: The True Story of the LA Lakers,” a documentary celebrating the team’s history and success.
As president, Jeanie has final say over all business and basketball decisions for the Lakers. She oversees the team’s day-to-day operations, including managing partnerships, sponsorships, and the fan experience. Jeanie is also co-owner of the Women of Wrestling (WOW) promotion, bringing her business acumen and love of sports to audiences beyond the NBA.
Thanks to her role with the Lakers and other ventures, Jeanie has amassed an impressive $700 million net worth. The bulk of her fortune comes from her ownership stake in the Lakers, valued at over $4 billion. Jeanie also earns a salary of several million dollars annually as president and has various endorsement deals with brands like Icy Hot. With the Lakers poised to continue their winning ways, Jeanie Buss’ net worth should only continue to climb. Her leadership and dedication to the team have cemented her status as one of the most powerful women in sports.
Jeanie Buss Net Worth and Sources of Income
Jeanie Buss’ main source of income is her role as owner and president of the Los Angeles Lakers. She inherited a 66% controlling interest in the franchise from her late father Jerry Buss, who purchased the Lakers in 1979. The Lakers are estimated to be worth $4.4 billion, making Jeanie’s stake worth nearly $3 billion.
In addition to the Lakers, Jeanie Buss oversees the business operations of the WNBA’s Los Angeles Sparks, the NBA G League’s South Bay Lakers and the newly formed NBA 2K League’s Lakers Gaming. She also owns shares in several real estate properties and business ventures, including a movie theater, a women’s football team, and several residential buildings across LA.
While Jeanie’s net worth is projected to reach $500 million in 2024, the bulk of her wealth still comes from the Lakers.
As president and governor, she is responsible for business and basketball decisions, sponsorships, and the overall success of one of the NBA’s most valuable franchises. Under her leadership, the Lakers have remained one of the top brands in all of sports with over $150 million in annual revenue.
In addition to her business roles, Jeanie Buss has also worked as a TV producer, receiving a Sports Emmy award in 2023 for the Hulu documentary “Legacy: The True Story of the LA Lakers.” She previously produced several other sports documentaries and reality shows, though her entertainment work makes up only a small fraction of her net worth and income today.
Between her ownership of the Lakers, real estate holdings, and entertainment work, Jeanie Buss has built an empire and established herself as one of the most powerful women in sports. Her net worth is a testament to her business acumen and the value she has created with one of basketball’s most storied franchises.
Jeanie Buss’ Assets: Real Estate Holdings and Business Investments
Beyond her ownership of the Lakers, Jeanie Buss has built up her own business empire through real estate and investments. Her father, Jerry Buss, initially built his fortune through real estate before purchasing the Lakers. Jeanie has followed in his footsteps, acquiring multi-family residential and commercial properties, especially in Southern California.
In 2019, Jeanie sold her modern home in the Playa Vista neighborhood of Los Angeles for $2.575 million. The sleek, three-bedroom house featured floor-to-ceiling windows, a rooftop deck, and an open floor plan. While Jeanie likely turned a profit on the sale, high-end real estate in L.A. has been a lucrative investment for her over the years.
Jeanie also has ownership stakes in other sports franchises, including the Los Angeles Sparks of the WNBA and ESports team Los Angeles Valiant. She is a founding investor in the Overwatch League which features teams from around the world competing in the popular first-person shooter game Overwatch.
Outside of sports, Jeanie has invested in several startup companies, mainly in the tech sector. She believes in supporting other entrepreneurial women and has invested in companies with female founders or CEOs. Her diverse portfolio of investments generates solid returns and will provide financial security for Jeanie long after she steps down from her leadership role with the Lakers.
Though not as lucrative as her ownership of the Lakers, Jeanie’s real estate holdings and investments contribute significantly to her $700 million net worth. By diversifying her assets and taking calculated risks in emerging industries, Jeanie has built on her father’s legacy and ensured the Buss family’s prominence for generations to come. Also Read: Taylor Fritz Net Worth.
Jeanie Buss’ Endorsements, Appearances and Media Projects
As the controlling owner and President of one of the most valuable sports franchises in the world, the LA Lakers, Jeanie Buss has had many opportunities for endorsements, sponsorships, paid public appearances and media projects.
Jeanie Buss is able to command high fees for speaking engagements, appearances and endorsements. According to sources, she charges between $50,000 to $100,000 for corporate appearances and speeches. Some of her past endorsements and sponsorships have included brands like Mattel, Coca-Cola and American Express.
In 2021, Jeanie Buss co-founded the tequila brand Cincoro with Michael Jordan and other business partners. The ultra-premium tequila is made from 100% Weber Blue Agave and aged in French Oak barrels. Cincoro has become popular in LA and is looking to expand nationally.
Jeanie Buss also co-owns the all-female wrestling promotion WOW – Women of Wrestling. WOW features professional wrestling matches and events with an all-female roster. The promotion aims to showcase and empower female athletes and personalities within the pro wrestling industry.
In 2023, Jeanie Buss won a Sports Emmy Award as an executive producer for the Hulu documentary “Legacy: The True Story of the LA Lakers.” The multi-part docuseries chronicled the story of how Dr. Jerry Buss purchased the Lakers in 1979 and built them into a sports and entertainment powerhouse, eventually turning the franchise over to his daughter Jeanie.
With her success, net worth and high profile role as a pioneering female sports executive, Jeanie Buss has become an inspiration and role model. She continues to expand her media and business ventures, ensuring her position as one of the most powerful women in sports.
How does Jeanie Buss make money?
| Real Name/Full Name | Jeanie Marie Buss |
| Nick Name/Celebrated Name: | Jeanie Buss |
| Birth Place: | Santa Monica, CA, USA |
| Date Of Birth/Birthday: | 26 September 1961 |
| Age/How Old: | 62 years old |
| Height/How Tall: | In Centimetres – 170 cm In Feet and Inches – 5’7” |
| Weight: | In Kilograms – 60 kg In Pounds – 132 lbs |
| Eye Color: | Brown |
| Hair Color: | Blonde |
| Parents Name: | Father – Jerry Buss Mother – Joanne Buss |
| Siblings: | Yes |
| School: | N/A |
| College: | University of Southern California |
| Religion: | Christian |
| Nationality: | American |
| Social media Accounts: | |
| Zodiac Sign: | Libra |
| Gender: | Female |
| Sexual Orientation: | Straight |
| Marital Status: | In a relationship |
| Boyfriend: | Phil Jackson (1999-2016), Jay Mohr (2021-present) |
| Husband/Spouse Name: | Steve Timmons (m. 1990-1993) |
| Kids/Children Name: | No |
| Profession: | Sports executive |
| Net Worth: | $700 million |
As the controlling owner of the LA Lakers, Jeanie Buss’ primary source of income is her stake in one of the NBA’s most valuable franchises. She inherited 66% of the Lakers from her late father, Jerry Buss. The team is worth an estimated $4.4 billion, so her share is valued at over $2.9 billion.
While the Lakers make money through ticket sales, merchandising, sponsorships, and TV deals, Jeanie Buss personally profits from dividends and the franchise’s increasing value over time. The Lakers are one of the most popular NBA teams, with one of the largest social media followings and most valuable sponsorship deals.
Beyond the Lakers, Jeanie Buss invests in real estate. She has owned properties in the Playa Vista neighborhood of Los Angeles. Real estate investments provide rental income and often increase a lot in value, adding to her net worth.
Jeanie Buss is also involved in a number of business ventures, including the production company Klutch Sports Group which represents many NBA stars. She won a Sports Emmy as an executive producer for the documentary “Legacy: The True Story of the LA Lakers.” Producing sports films and shows is another income stream for Buss.
With diverse sources fueling her fortune, including the LA Lakers franchise, real estate holdings, and business ventures, Jeanie Buss has built a net worth of over $700 million. She is the highest-ranking woman in professional sports ownership and a pioneer for women in sports leadership roles. Her success and influence in the sports industry continue to grow.
How much of the Lakers does the Bus family own?
The Buss family owns a controlling interest in the Lakers franchise. When Jerry Buss purchased the Lakers in 1979, he paid $67.5 million. Today, the team is worth more than $4 billion. Dr. Buss had six children who inherited a total of 66% ownership of the Lakers after his death in 2013.
Each of the Buss children, including Jeanie Buss, owns an 11% stake in the team. Jim Buss, Jeanie’s brother, maintains his 11% stake in the team’s ownership, which is part of the Buss family’s 66% ownership. The remaining 34% of the Lakers is owned by Philip Anschutz’s company AEG.
In 2017, Jeanie Buss took control of the Lakers after a legal battle with her brother Jim Buss and Johnny Buss. Jeanie Buss now serves as the Lakers’ governor as well as the president of the team’s business operations. Under her leadership, the Lakers have returned to prominence, acquiring superstars like LeBron James and Anthony Davis.
The Buss family’s 66% ownership and control of the Lakers has allowed them to become enormously wealthy. Jeanie Buss’ 11% stake alone is worth hundreds of millions. The family’s controlling interest also gives them the power to determine the direction of one of the most valuable franchises in all of sports. Their ownership of the Lakers has been very lucrative and allowed the family to build an empire and amass a huge fortune.
While there has been drama and infighting at times, the Buss family has owned and operated the Lakers for over 40 years. Their passion for the team and drive to win championships has fueled the franchise’s success and popularity. Under Jeanie Buss’ leadership, the family’s control and ownership of the Lakers appears stable for years to come.
How much was Jerry Buss worth when he died?
When Jerry Buss passed away in 2013, his net worth was estimated to be around $700 million. The majority of this came from his 66% controlling ownership stake in the LA Lakers NBA franchise.
Jerry Buss purchased the Lakers in 1979 for $67.5 million. At the time of his death, the team was valued at well over $1 billion, accounting for most of his wealth. The Lakers have been one of the most successful and popular sports franchises over the last few decades, winning 10 NBA championships under Buss’ ownership. This success and popularity led to huge financial windfalls from ticket sales, sponsorships, and media rights deals.
Early Life and Education
Jerry Buss was born in 1933 in Salt Lake City, Utah. He grew up during the Great Depression. Buss earned a scholarship to the University of Wyoming, where he graduated with a degree in chemistry in 1953. He then earned a Ph.D. in physical chemistry from the University of Southern California in 1957.
Business Success and Investments
After graduating, Buss became a chemist and worked in the aerospace industry. He later went into real estate, purchasing apartment buildings in Los Angeles. Buss invested in real estate, casinos, and other businesses, which helped build his wealth.
Purchasing the Lakers
In 1979, Buss purchased the Los Angeles Lakers NBA franchise for $67.5 million. At the time, it was the largest transaction in sports history. Under Buss’ ownership, the Lakers became one of the most valuable sports franchises in the world, currently worth over $4 billion. The team also won 10 NBA championships, cementing its status as a legendary dynasty.
Philanthropy and Legacy
Buss donated millions to local charities and universities over his lifetime. Although he lived an extravagant lifestyle, Buss was generous with his wealth. When Buss passed away in 2013, his ownership stake in the Lakers passed to his six children, including Jeanie Buss. Buss helped transform the Lakers into a globally popular sports franchise and shaped the business of professional sports. He was a pioneer who forever changed Los Angeles and built an empire that lasted for decades. Also Read: Bobby Lee Net Worth.
What is the Lakers’ net worth?
As the president and controlling owner of one of the NBA’s most valuable franchises, Jeanie Buss has amassed an enormous net worth. The Los Angeles Lakers, valued at $6.44 billion, make up the bulk of Buss’ $700 million net worth.
The Lakers are the second most valuable NBA team, according to Forbes, and they bring in $516 million in revenue each year. The team was purchased in 1979 for $20 million by Jeanie’s father, Jerry Buss. Since then, its value has skyrocketed over 300 times.
The Lakers’ value comes largely from extremely lucrative TV deals, including a 20-year, $3.6 billion contract with Spectrum SportsNet. They also have a history of attracting superstar players, like Kobe Bryant, Shaquille O’Neal, and LeBron James, which boosts their brand and popularity globally.
In addition to the Lakers, Jeanie Buss owns shares of the Los Angeles Kings NHL team and Los Angeles Sparks WNBA team. She has also invested in real estate, hotels, and casinos. Her annual salary as Lakers president is estimated to be over $10 million.
Between her ownership stake in legendary sports franchises and other business ventures, Jeanie Buss has built an empire as one of the most powerful women in sports. Her net worth is a testament to her business acumen and lifelong dedication to the Lakers organization. By continuing to make shrewd investments and keeping the Lakers a contender, Jeanie Buss’ net worth should only continue to rise in the coming years.
View this post on Instagram
Jeanie Buss Net Worth FAQs
Jeanie Buss’ net worth comes primarily from her role as controlling owner of the LA Lakers. As the daughter of former Lakers owner Jerry Buss, Jeanie inherited a 66% stake in the team after his death in 2013. Today, Jeanie’s stake in the Lakers contributes well over $500 million to her total net worth.
In addition to the Lakers, Jeanie earns money from other business ventures and media projects. She won a Sports Emmy in 2023 as executive producer of the Hulu documentary “Legacy: The True Story of the LA Lakers.” Jeanie also owns a stake in the Los Angeles Sparks of the WNBA.
Outside of sports, Jeanie invests in various real estate holdings and businesses in LA. She previously owned a home in Playa Vista that she sold for over $2 million. Jeanie is also paid for various brand endorsements and sponsorships, though the details of these deals are not public.
While Jeanie’s net worth is substantial, the vast majority remains tied up in the value of the Lakers franchise. The team is worth over $4 billion today, so if Jeanie were to sell her stake, her net worth would increase dramatically. However, Jeanie has remained committed to retaining control of the Lakers to honor her father’s legacy.
Over the coming years, Jeanie’s net worth should continue to rise primarily through increasing valuations of the Lakers and revenue from the team and arena. Additional business ventures and media projects will also contribute to her wealth and diversify her sources of income. Though not nearly as much as from the Lakers, these extra pursuits do provide Jeanie a level of financial security outside of just one very valuable asset.
Conclusion
So there you have it – the story of Jeanie Buss and how she built her impressive $700 million net worth. From inheriting the Lakers franchise to navigating family drama and failed relationships, her journey has been far from boring. While the team’s performance has had its ups and downs, Jeanie’s leadership and business savvy have kept her net worth steadily growing. Who knows, with her at the helm, maybe the Lakers’ glory days are still ahead. However her story unfolds, Jeanie Buss has proven she has what it takes to remain one of the richest and most powerful women in sports.
