Jerry Jones is indeed a billionaire, with a reported net worth of $8.5 billion as of December 2019, according to Forbes. The majority of his wealth can be attributed to his ownership stake in the Dallas Cowboys, one of the most iconic and successful sports franchises in the world. In fact, Forbes currently values the Cowboys as the most valuable sports team globally, with an estimated worth of $5 billion.
The Cowboys have been a significant source of wealth for Jones since he acquired the team in 1989. As the owner, he has been instrumental in building the brand and transforming the Cowboys into a global powerhouse. Under his leadership, the team has achieved remarkable success both on and off the field. This success has directly contributed to the growth of the franchise’s value, and subsequently, Jones’ net worth.
It is worth noting that Jones’ journey to becoming a billionaire was not an overnight success. He started his career in the oil and gas industry, building his wealth through investments and acquisitions in the energy sector. However, it was his purchase of the Cowboys that truly catapulted him into the realm of billionaires.
Jones’ business acumen and entrepreneurial spirit have played a vital role in his financial success. He has not only focused on the Cowboys but has also made strategic investments in various other ventures. For example, he has been involved in real estate development, including the construction of the Cowboys’ state-of-the-art stadium, AT&T Stadium, which has become an architectural marvel and a significant revenue generator.
In addition to his ownership of the Cowboys, Jones has also ventured into other business interests. He has invested in oil and gas exploration, hotel development, and even entertainment ventures. These diverse investments have further contributed to his substantial net worth.
While Jones’ net worth is undoubtedly impressive, it is important to remember that wealth is not the sole measure of a person’s success or impact. Jones’ influence extends beyond his financial achievements. He has played a significant role in shaping the sport of football, both through his ownership of the Cowboys and his involvement in league-wide decisions as a member of the NFL’s powerful Management Council Executive Committee.
Jerry Jones is, without a doubt, a billionaire, primarily due to his ownership stake in the Dallas Cowboys. His business acumen, strategic investments, and success in building the Cowboys’ brand have propelled him to the upper echelons of wealth. However, it is his impact on the sport of football and his contributions to the business world that truly define his legacy.