Jeanie Buss Net Worth How Much is Buss Worth?

Jeanie Buss, the President of the Los Angeles Lakers, is a prominent American sports executive with a net worth of $700 million. As the daughter of former Lakers owner Jerry Buss, Jeanie Buss has not only inherited a controlling ownership stake in the team but also made significant contributions to its success. Let’s take a closer look at her biography, Lakers ownership, and the impact she has made in the world of professional basketball.

Key Takeaways:

• Jeanie Buss has a net worth of $700 million as the President of the Los Angeles Lakers.
• She inherited a controlling ownership stake in the Lakers from her father, Jerry Buss.
• Buss has played a vital role in the success and growth of the Lakers organization.
• Her influence as a female executive has paved the way for more opportunities for women in sports.
• She is dedicated to maintaining her father’s legacy and ensuring the Lakers’ continued success.

Lakers Ownership Stake

When it comes to the Los Angeles Lakers, Jeanie Buss not only holds the title of President but also has a significant ownership stake in the team. Following the passing of her father, Jerry Buss, in 2013, Jeanie Buss and her five siblings inherited a 66% stake in the Lakers. Each sibling holds approximately 11% ownership, with Jeanie Buss taking control of the team’s decision-making.

The current valuation of the Lakers sits at an impressive $6.5 billion, making each 11% ownership stake worth around $715 million. Jeanie Buss’s ownership not only gives her a substantial financial interest but also grants her the authority to represent the team on the NBA’s Board of Governors. This position allows her to have a say in important league-wide decisions.

Ownership Breakdown:

With her ownership stake and control over Lakers decisions, Jeanie Buss plays a crucial role in shaping the future of one of the most iconic basketball franchises.

Early Life and Family

Jeanie Buss was born on September 26, 1961, in Santa Monica, California. She grew up in a family immersed in the world of sports and business. Her parents, Jerry and Joann Buss, played influential roles in shaping her future. Jerry Buss, her father, was a highly successful real estate investor and the owner of the Los Angeles Lakers, while Joann Buss provided a nurturing and supportive environment for Jeanie and her siblings.

From a young age, Jeanie Buss developed a deep love for sports and cultivated a close relationship with her father. She would accompany him to Lakers games and other sporting events, where she gained firsthand experience in the world of professional sports management. This early exposure sparked Jeanie Buss’s passion for the industry and laid the foundation for her future career.

The Buss family dynamic was characterized by a shared love for both sports and business. Jeanie Buss’s siblings also played important roles in the family’s sports empire. As she grew older, Jeanie Buss’s involvement in the business side of sports intensified, leading to her eventual rise to the position of President of the Los Angeles Lakers.

“From a young age, I knew that sports and business were in my blood. My father taught me invaluable lessons about leadership, entrepreneurship, and the importance of cultivating a winning team. I am grateful for the opportunities he provided me and the legacy he left behind.”

Family Influence and Legacy

The influence of Jeanie Buss’s family, particularly her father, cannot be overstated. Jerry Buss’s success as a real estate investor and sports team owner set the stage for Jeanie Buss’s own accomplishments. His entrepreneurial spirit and commitment to excellence served as guiding principles for his daughter. Jeanie Buss has carried forward his legacy, not only in her role with the Lakers but also in her business ventures and philanthropic endeavors. This continuity reflects the Buss family’s ongoing impact on the sports industry and their dedication to building a lasting legacy.

Career

Jeanie Buss’s career in the sports industry began at the age of 19 when she took on the role of general manager for the Los Angeles Strings, a professional tennis team owned by her father. This early experience provided her with invaluable insights into the management and operations of a sports organization.

Building on her success with the Los Angeles Strings, Buss went on to become the owner of the Los Angeles Blades, a roller hockey team. Her entrepreneurial spirit and passion for sports led her to take on various roles within the industry.

In addition to her ownership and management positions, Buss also served as the president of the Great Western Forum, a renowned sports and entertainment arena in Inglewood, California. Under her leadership, the Great Western Forum continued to thrive as a premier venue for sporting events, concerts, and other live performances.

Table: Jeanie Buss’s Career Highlights

Throughout her career, Jeanie Buss has demonstrated her ability to make strategic decisions, manage teams, and foster success both on and off the court. Her contributions to the sports industry, particularly in the realm of basketball, have solidified her position as a respected figure in the world of sports management.

Personal Life

Aside from her successful career in the sports industry, Jeanie Buss’s personal life has also garnered significant attention. Over the years, she has been involved in high-profile relationships and has made bold decisions that have made headlines.

In 1990, Jeanie Buss married professional volleyball player Steve Timmons. However, their marriage ended in divorce after three years. Following her divorce, she entered into a relationship with Phil Jackson, the renowned former head coach of the Lakers. Their relationship lasted for 17 years, making them a prominent power couple in the world of basketball.

In 2021, Jeanie Buss began dating comedian Jay Mohr, and the couple recently got engaged in 2022. Their love story has captivated fans and media alike, and they tied the knot in a beautiful ceremony in September 2023.

“Love has a way of finding you when you least expect it. Jay brings so much joy and laughter into my life, and I am grateful to have him by my side,” Jeanie Buss said about her relationship with Jay Mohr.

Throughout her personal life, Jeanie Buss has shown a willingness to take risks and pursue happiness. Her relationships and public presence have made her a fascinating figure in both the sports and entertainment worlds, further adding to her multi-faceted persona.

Real Estate

Jeanie Buss has diversified her wealth by investing in various real estate properties. One of her notable properties was her Playa Vista home, which she sold in 2019 for $2.575 million. This stunning property featured modern amenities, including waterfront views and a private pool. Additionally, Buss owns a property in Playa del Rey, which she acquired in 2020 for $2.6 million. This property boasts luxurious features such as a gym and easy access to the beach.

Throughout her real estate ventures, Buss has demonstrated a keen eye for prime locations and properties that offer both comfort and style. Her properties showcase her taste for elegant living and provide her with additional sources of income.

As a successful businesswoman, Buss understands the value of investing in real estate. These properties not only serve as valuable assets but also reflect her personal style and provide her with luxurious living spaces.

Through her partnership with WOW, Buss has been able to showcase her entrepreneurial skills and passion for empowering women in sports. The promotion has gained popularity and has provided a platform for female wrestlers to showcase their talents. Buss’s involvement in WOW serves as a testament to her commitment to promoting diversity and inclusivity in the sports industry.

While her ownership stake in the Los Angeles Lakers remains the primary source of her wealth, Buss’s involvement in Women of Wrestling demonstrates her ability to diversify her business portfolio and explore new avenues for success. Her entrepreneurial spirit and willingness to take calculated risks have undoubtedly contributed to her continued financial prosperity.

Philanthropy

Jeanie Buss is committed to making a positive impact through her philanthropic efforts. She actively supports various causes and organizations, using her influence and resources to give back to the community. While specific details about her charitable contributions are not widely publicized, it is clear that she values philanthropy as a way to make a difference in the world.

As a prominent figure in the sports industry, Buss recognizes the platform she has and the opportunities it presents to create meaningful change. She has leveraged her position to advocate for important causes and raise awareness about social issues. Through her philanthropy, Buss aims to improve the lives of others and inspire others to do the same.

“I believe strongly in the power of giving back and using my platform for good. Philanthropy allows me to support causes that are close to my heart and make a positive impact in the world.” – Jeanie Buss

While it may not be possible to quantify the extent of her philanthropic endeavors, Buss’s commitment to making a difference is evident. She embodies the spirit of giving and serves as a role model for others to follow.

Table: Summary of Jeanie Buss’s Philanthropic Efforts

Through her philanthropic endeavors, Jeanie Buss is using her influence and resources to make a positive impact in the world. Her commitment to giving back and supporting causes she believes in serves as an inspiration to others. While her specific contributions may not always be in the spotlight, her dedication to philanthropy is an integral part of her legacy.

Awards and Achievements

Throughout her illustrious career, Jeanie Buss has received numerous awards and accolades for her contributions to the sports industry. One of the most notable honors she has achieved is the Sports Emmy Award. In 2023, Buss won this prestigious award as the executive producer of “Legacy: The True Story of the LA Lakers,” a captivating documentary series that delves into the rich history and legacy of the Los Angeles Lakers franchise.

“Winning the Sports Emmy Award was an incredible honor for me. It was a testament to the hard work and dedication of the entire team behind ‘Legacy.’ We wanted to bring the story of the Lakers to life in a way that would inspire and captivate audiences, and I’m proud that our efforts were recognized.”

The Sports Emmy Award for “Legacy” not only acknowledges Buss’s talent as an executive producer but also highlights her significant contributions to the world of sports broadcasting and storytelling. This achievement solidifies her place as a prominent figure in the industry and further cements her legacy as one of the most influential women in sports.

Table: Awards and Achievements

The Sports Emmy Award is just one of the many accolades that Jeanie Buss has earned over the years. Her unwavering dedication and relentless pursuit of excellence have propelled her to great heights in the sports industry. As she continues to lead the Los Angeles Lakers and make strides in her various ventures, it is evident that Buss’s impressive list of achievements will only continue to grow.

Jeanie Buss Future Plans and Lakers Ownership

As the President and controlling owner of the Los Angeles Lakers, Jeanie Buss has expressed her unwavering commitment to the team and has no plans to sell her ownership stake in the future. Buss aims to carry forward her father’s legacy and maintain the Lakers’ status as one of the most iconic franchises in the NBA.

Under Buss’s leadership, the Lakers have shown consistent dedication to building a competitive team and striving for success both on and off the court. From making key personnel decisions to overseeing the team’s operations, Buss has been actively involved in shaping the Lakers’ future.

In addition to her focus on the Lakers, Buss is known for her involvement in various philanthropic endeavors and business ventures. She continues to explore opportunities to expand her impact within the sports industry and contribute to causes that hold personal significance to her.

Table: Jeanie Buss and Lakers Ownership

Buss’s dedication to the Lakers and her extensive experience as a sports executive make her a pivotal figure in the team’s future. As she leads the organization towards continued success, fans and stakeholders can expect a steadfast commitment to the Lakers’ storied history and a relentless pursuit of championships.

“I am fully committed to the Los Angeles Lakers and our pursuit of excellence both on and off the court. The Lakers hold a special place in my heart, and I am honored to continue my father’s legacy by leading this iconic organization.” – Jeanie Buss

Jeanie Buss Legacy and Impact

Jeanie Buss’s contributions to the sports industry have left a lasting legacy, particularly in the area of women’s empowerment in sports. As a female executive and owner in the predominantly male-dominated world of professional basketball, Buss has shattered stereotypes and paved the way for other women to take on leadership roles. Her success and influence have opened doors for aspiring female executives and athletes, inspiring a new generation of women to pursue their dreams in sports.

Buss’s impact on women in sports extends beyond her role as the President of the Los Angeles Lakers. She has actively advocated for gender equality and has spoken out about the importance of providing equal opportunities for women in all aspects of sports, from ownership to coaching and management positions. Through her accomplishments and leadership, Buss has become a role model for women aspiring to make their mark in the sports industry.

“I’ve always believed that women have a unique perspective and skill set that can greatly contribute to the success of any team or organization,” Buss once said in an interview. “It’s essential that we continue breaking barriers and creating more opportunities for women in sports.”

The Impact of Winning Championships

Under Buss’s leadership, the Los Angeles Lakers have achieved great success, winning multiple championships. These victories not only solidify the team’s legacy but also highlight the positive impact Buss has had on the organization. Winning championships not only brings joy to the fans but also contributes to the team’s value and reputation. Buss’s dedication to building a winning culture has made the Lakers one of the most successful and iconic franchises in the history of professional sports.

“Winning championships is the ultimate goal for any team,” Buss said in a press conference after the Lakers’ most recent championship victory in 2020. “It’s a testament to the hard work and dedication of everyone involved, from the players to the coaching staff. We will continue to strive for excellence and bring more championships to the city of Los Angeles.”

Buss’s impact on the sports industry and her commitment to empowering women in sports will continue to be felt for years to come. Her legacy as a trailblazer and champion for gender equality will inspire future generations of women to follow in her footsteps and make their own mark in the world of sports.

Conclusion

In conclusion, Jeanie Buss’s net worth of $700 million reflects her exceptional career as a sports executive and owner. With her leadership and strategic mindset, she has played a pivotal role in shaping the success of the Los Angeles Lakers, solidifying her position as one of the most influential figures in the sports industry.

Not only has Jeanie Buss made significant contributions to the Lakers’ legacy, but she has also paved the way for women in sports, inspiring and empowering them to take on leadership roles in a predominantly male-dominated field. Her impact extends beyond the basketball court, serving as a beacon of inspiration for aspiring female sports executives.

As the controlling owner and president of the Lakers, Jeanie Buss remains committed to the team’s future success. Her unwavering dedication to honoring her father’s legacy and keeping the Lakers within the Buss family ensures that the team will continue to thrive under her guidance. In summary, Jeanie Buss’s net worth is a testament to her remarkable achievements and lasting impact in the world of professional basketball.

FAQ

How much is Jeanie Buss worth?

Jeanie Buss has a net worth of $700 million.

What is Jeanie Buss’s ownership stake in the Los Angeles Lakers?

Jeanie Buss owns a controlling ownership stake in the Lakers and has a 11% ownership stake in the team.

What is the current valuation of the Los Angeles Lakers?

The Los Angeles Lakers are currently valued at $6.5 billion.

When did Jeanie Buss become the president of the Lakers?

Jeanie Buss became the president of the Lakers after the passing of her father in 2013.

What business ventures has Jeanie Buss been involved in?

Jeanie Buss is the co-owner and promoter of Women of Wrestling (WOW), a women’s professional wrestling promotion.

Has Jeanie Buss made any philanthropic contributions?

While specific details are not available, it is known that Jeanie Buss supports various causes and organizations.

What awards has Jeanie Buss won?

Jeanie Buss won a Sports Emmy Award in 2023 as the executive producer of the documentary series “Legacy: The True Story of the LA Lakers.”

Does Jeanie Buss have any plans to sell the Los Angeles Lakers?

Jeanie Buss has expressed her commitment to keeping the Lakers within the Buss family and has no plans to sell the team.

What is Jeanie Buss’s impact on women in sports?

Jeanie Buss’s success and influence as a female executive and owner in a predominantly male-dominated field have paved the way for more women to take on leadership roles in professional sports.

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