As of 2022, Jeanie Buss has a huge wealth of over five hundred million. Because she is a sports executive and has received significant recognition during her career, Jeanie Buss is a reasonably well-known figure in the American sports world.
This blog post will examine Buss’ life and work in further detail and examine how she grew to be one of the richest women in the world. Remain tuned!
Jeanie Buss Net Worth
Jeanie Buss’s net worth is estimated at around $550 million. Businesswoman and sports entrepreneur Jeanie Buss is the Los Angeles Lakers president. He has played a key role in improving the team’s performance both on and off the court.
Earlier in 2021, her total wealth was around $500 million approximately.
She has $5 million plus in earnings each month, and her annual earnings and salary are $50 million.
|Jeanie Buss Net Worth & Earning Reports|
|Net Worth (2022)||$550 million|
|Net Worth (2021)||$500 million|
|Salary (Yearly)||$50 million|
Jeanie Buss Earning Sources
Jeanie’s work as the owner and president of the Los Angeles Lakers is her primary source of income. Buss’s lavish lifestyle and expensive trips are rewards for her successful career.
She is among the wealthiest and most powerful women in the country.
Who is Jeanie Buss?
On September 26, 1961, Jeanie Buss was born in Santa Monica, California. She was raised in a close-knit family as the oldest of four children and her father, Jerry Buss.
American entrepreneur Jeanie Buss is the main shareholder of the Los Angeles Lakers of the National Basketball Association (NBA).
She was elected into the Naismith Memorial Basketball Hall of Fame in 2010 and is regarded as one of the most influential women in sports. She received the NBA’s Lifetime Achievement Award in 2012.
Early Life of Jeanie Buss
When her father named, Jerry Buss, started to succeed in the real estate industry, Jeanie was still a young child.
In the 1960s, Jerry bought an apartment complex in West Los Angeles.
This would open the door for the Ph.D. in physical chemistry to start a string of fruitful real estate endeavors. The real estate investment company Mariani-Buss Associates was eventually founded by Jerry Buss and his business partner Frank Mariani.
By this time, Jerry had already filed for divorce from Joann, leaving Joanie with severe emotional issues. She did, however, continue to be quite close to her father. Around this period, Jerry started buying other sports franchises in the Los Angeles region.
They included the Los Angeles Lakers, the Los Angeles Kings hockey team, and the Los Angeles Strings.
WhenJeanie was 14 years old; Jerry took her to World Team Tennis meetings.
There she learned essential concepts that she would later use to run the Los Angeles Strings. When she was 17, she decided to live with her father and moved in with him permanently.
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Rise to stardom
While Jeanie’s father taught her the ins and outs of running a business and managing a team of athletes, Jeanie attended college. She enrolled at the University of Southern California, declared a business major, and earned an honors degree there.
During her time at college, Jerry appointed Jeanie, who was 19 at the time, as the new manager of the Los Angeles Strings.
After acquiring ownership of the Los Angeles Blades in Roller Hockey International, Jeanie served for four years as the president of the Great Western Forum, where the Lakers played at the time.
Jerry later had her take over the Lakers’ business operations while her brother Jim handled sports-related choices after she had shown him her economic aptitude. She had made a name for herself as one of the most dominant women in athletics by 2005.
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The financial success of Jeanie Buss
According to their father’s plan, Jeanie would be in charge of team business decisions, while Jim would be in charge of the Lakers’ basketball operations. Buss was listed among the Top 20 Most Influential Women in Sports by Sporting News in 2005.
Buss was referred to as “one of the few powerful women in sports management” by Forbes and “one of the most powerful women in the industry” by ESPN in 2011.
As part of Jerry’s succession plan, Jeanie was to take over as governor of the Lakers and team representative at NBA Board of Governors meetings.
She continued to head the Lakers’ business operations as president in 2013–14, and she collaborated with her brother Jim, who remained the executive vice president of basketball operations, to supervise the team’s basketball operations.
On February 21, 2017, Buss fired Mitch Kupchak as general manager and accepted Jim’s resignation as vice president of basketball operations. Magic Johnson was then appointed president of basketball operations.
Johnson, who played for the Lakers from 1979 to 1991 and again in 1996, also held the positions of vice president, coach, and a portion owner of the business.
In order to avoid tipping off her brother, who was fighting for control of the organization, Buss claims that the team did not conduct a public interview process to appoint a general manager.
Jeanie Buss oversees the Lakers in addition to running the WOW-Women Of Wrestling.
On October 6, 2021, ViacomCBS Global Distribution President Dan Cohen made an announcement about a multi-year distribution deal for WOW with Jeanie Buss and her longtime business partner David McLane on top of the Circa Resort & Casino in Las Vegas.
The dissemination of WOW represents the biggest media distribution platform in the history of women’s wrestling.
This post has examined Jeanie’s professional development and some of the lessons she has picked up along the road.
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