Few names in the world of athletics and entertainment are as prominent as Jeanie Buss. As the controlling owner and president of the Los Angeles Lakers, she is not only a significant figure in the National Basketball Association but also a business titan. Fans and analysts are in awe of Jeanie Buss’s impressive net worth, which she has accumulated through her love of basketball, savvy business acumen, and unwavering devotion to her team.
Jeanie Buss’s Net Worth
The outstanding net worth of Jeanie Buss is $500 million. Her wealth is a result of her successful career in basketball management and her involvement in maintaining the Lakers’ status as an NBA icon.
Share of Lakers Ownership
Jerry Buss passed away in 2013, and his six offspring inherited a family trust that owns 66% of the Los Angeles Lakers. Therefore, each child possesses approximately 11% of the Lakers. Given that the Phoenix Suns were sold in late 2022 for $4 billion, it is not inconceivable that the Los Angeles Lakers would be valued conservatively at $5 billion. Consequently, each child’s 11% share is worth approximately $550 million.
Additional Lakers Proprietors Are:
Todd Boehly and Mark Walter: 26%. Mark and Todd, co-founders of private equity titans Guggenheim Partners and Eldridge, respectively, purchased their 27% stake in AEG from the company’s creator, Phil Anschutz.
Ed Roski: 8 percent. Ed is a real estate developer with approximately 90 million square feet of commercial property in the United States. In 1998, he acquired an 8% stake in the Lakers.
In 2017, Johnny, Jeanie’s brother, moved to assume control of The Lakers from his sister. The mutiny concluded with Jeanie gaining even greater control of the team after a protracted battle. She is now solely responsible for all Laker family decisions. She is also the Lakers’ representative on the NBA’s Board of Governors.
Jeanie attended college while learning the ropes of business and sports administration from her father. She matriculated at the University of Southern California and majored in business before graduating with honors. Jerry appointed Jeanie, then 19 years old, as the new manager of the Los Angeles Strings during her college years. Jeanie served as president of the Great Western Forum – the Lakers’ stadium at the time – for four years after becoming the owner of the Los Angeles Blades of Roller Hockey International.
Eventually, she demonstrated her business acumen to Jerry, who intended for her to take over the Lakers’ business operations while her brother Jim handled sports-related decisions. She was one of the most influential women in sports by 2005. After Jerry’s death in 2013, Buss dismissed both General Manager Mitch Kupchak and her brother Jim, who was serving as Vice President of Basketball Operations.
In 1990, Jeannette wed the professional volleyball player Steve Timmons. Three years later, they divorced, with the explanation that she prioritized her career over her marriage.
Jeanie began courting former Lakers head coach Phil Jackson in late 1999. They never actually married, and their separation was disclosed in 2016. Jeanie began dating comedian Jay Mohr in 2017. In December 2022, they made their engagement announcement. In 1995, Jeanie posed nude for Playboy magazine.