Jeanie Buss Net Worth (Updated 2023) – Bio Overview

 Jeanie Buss is an American sports executive and well-known businessperson who has a net worth of a whopping $500 Million US as of 2023. She is the daughter of Jerry Buss who is the former Los Angeles Lakers owner.

Buss followed the footsteps of her father and became the President of the Los Angeles Lakers as well as the co-owner of the Women’s Wrestling company. When Jeanie Buss was 19 years old, she entered her family business and began working as a general manager of the professional Tennis team.

Shortly after, Buss bought roller hockey teams including Los Angeles Blades. Her father passed away in 2013 and after that, she came up as the vice president of the Lakers. Buss was one out of Jerry’s six children, who took a strong leadership role at the organization, becoming the team president.

On top of that, Buss also became the president of the Great Western Forum. She made history by becoming the first female controlling owner of an NBA Team in 2020.

So in this article, we are going to talk about the total net worth of Jeannie Buss her salary, income sources, career, biography, expenses, legal issues, luxurious lifestyle, and a lot more.

Net Worth 2023:

Early Life:

Jeanie Marie Buss was born on the 26th of September 1961, in Santa Monica, California to parents Joann and Jerry Buss. She grew up alongside three siblings and was raised by a younger sister Hanie and two older brothers Johnny and Jim.

Jamie felt emotionally abandoned in 1972 when her parents got divorced. Buss attended World Team Tennis meeting her dad, who owned the Los Angeles String when she was just 14 years old.

By the age of 17, she developed an interest and moved in with her father at Pickfair and started giving tours. When Jeanie was 19 years old she started her business career by joining her father’s business as general manager of the Los Angeles Strings professional tennis team.

Moving on to her education, she attended Palisades Charter High School. Buss then graduated with honors and majored in business at the University of Southern California (USC).

Career:

Jeanie was attending USC when she was first appointed as a general manager by the company which was once owned by Jerry the second incarnation of the Strings.

In the year 1987, The World TeamTennis folded and was restored in later 1981 as TeamTennis. Jeanie was then able to get professional roller hockey to Los Angeles as the CEO of the Los Angeles Blades in Roller Hockey International after the String folded back in 1993.

After that, she found the title of “Executive of the Year” by the league. She even worked for four years for “Great Western Forum” and then the Home arena of the Lakers as a president. In 1995, she came up as the Alternate Governor on the NBA Board of Governors.

Later in the year 1999, Buss was selected as an executive vice president of business operations for the Lakers. In addition, Jeanie Buss became one of the top 20 Most Influential Women in Sports according to the report of Sporting news in the year 2005.

That same year she was designated vice president of player personnel. Her father Jerry decided that Jim would be in control of the basketball while Buss would be in authority over business decisions.

Moreover, in 2011 the popular magazine Forbes revealed that Jeanie Buss is one of few powerful women in sports management, and ESPN stated she is “one of the most powerful women in the NBA”.

After her father Jerry’s death in 2013, his six children were granted similar voting rights to his 66% controlling ownership of the Leakers via a trust.

Buss terminated Mitch Jupchal as General Manager and accepted her brother Jim’s resignation as Vice President of Basketball Operations back in early 2017, and appointed Magic Johnson as President of Basketball Operations. Apart from managing the Lakers, Jeanie also became the owner of WOW- known as Women Of Wrestling.

In October 2021, on top of the Circa Resort & Casino in Las Vegas, ViacomCBS Global Distribution President Dan Cohen and her long-time business fellow David McLane announced that Viacom CBS had joined into a multi-year distribution agreement for WOW advertising, also WOW to be the most extensive media allocation platform in Women’s wrestling history.

Personal Life:

When it comes to Jeanie Buss’ relationship, in the year 1990, she got married to Steve Timmons, a Volleyball player. After being in a relationship for almost three years the two decided to get separated and divorced.

Later in December 1999, Jeanie Buss got engaged to Phil Jackson who is a former Lakers coach as well as former York Knicks President. The relationship ended after being engaged for four years.

In 2021, Jeanie Buss shared through a Twitter post that she was dating popular comedian Jay Mohr. Both couples were spotted together in several places and also shared pictures on their social media profiles.

Legal Issues:

Apart from having success in the field of business, Jeanie Buss also has seen some troubles in her career including, her brother Johnny taking control of The Lakers from her back in 2017. After a lengthy battle, The coup culminated in Jeanie taking even more influence over the team. She now has full command over the Laker family’s decisions.

Biography:

Real Estate:

Jeanie Buss has been able to buy the most luxurious properties for herself and having a net worth of $500 million is a great achievement for her. According to reports, Buss bought a property for $2.45 million in 2017.

Later she listed this for sale in 2019 which she sold for $2.575 million. The mansion sits on 32,00 square feet of land and features 4 bedrooms located in Playa Vista. She accepted the price cut, although the house was initially listed for $225,000 over the final selling price.

Jeanie Buss spent 2.6 million dollars for a new Los Angeles’ Playa Del Rey district mansion in 2020. The house is spread over 22,00 square feet of space and it features a four-bedroom, spa, a lavish seaside villa, a massive pool, an indoor gym, a backyard, a big car garage, and a lot more.

Jeanie Buss Net Worth:

As of 2023, Jeanie Buss’s Net Worth is estimated to be around $500 million. As the Lakers controlling owner, Jeanie Buss has managed to accumulate a pretty big net worth.

She was raised in a well-settled family and has earned herself so much success throughout her career. The majority of her income comes from her profession as a sports executive as well as her family’s property. In 2013, she began working as an active member of the NBA club and since then she has established herself as one of the lead businesspersons in the country.

Jeanie Buss’s annual income is roughly $60 million which comes from various sources. She is not less than any big celebrity as she amassed more than 300k followers on Instagram and thousands of fans on other social media platforms.

People Also Ask FAQs