Jeanie Buss made history as the first woman to own a championship NBA team when the Los Angeles Lakers won in 2020. As the controlling owner and president of the Lakers, she has established herself as a prominent figure in the sports world. Apart from her involvement with the Lakers, Buss has pursued various business ventures, contributing to her estimated net worth of $500 million. In this article, we delve into the details of Jeanie Buss’ net worth and explore her accomplishments and ventures.
1. Jeanie Buss Is the President & Owner of the Los Angeles Lakers
Jeanie Buss, 61, holds the position of president and controlling owner of the Los Angeles Lakers. Following the passing of her father, Jerry Buss, in 2013, she and her siblings inherited his controlling portion of 66% ownership of the Lakers. Forbes estimates the Lakers’ value at approximately $5.9 billion, making Jeanie’s 11% stake worth nearly $650 million. In 2017, she gained greater control of the team after a well-publicized battle with her brothers, Jim and Johnny Buss. As the CEO of the Lakers, Jeanie Buss oversees various aspects of the organization, including basketball operations, marketing, sponsorships, and broadcasting partner relationships. She is also the Lakers’ Governor and represents the team on the NBA Board of Governors.
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Jeanie Buss emphasizes the importance of keeping the team and the players at the center of the organization, rather than focusing on herself. She dismisses the notion that the Lakers are controlled by LeBron James and Klutch Sports, asserting that she is the controlling owner responsible for every decision made. Jeanie Buss has expressed her dedication to the Lakers and her commitment to honoring her father’s legacy by keeping the team within the Buss family.
2. Jeanie Buss Was the General Manager of a Tennis Team at Age 19, Managed a Roller Hockey Team & Is Now the Co-Owner of the Women’s Wrestling Promotion Women of Wrestling
Jeanie Buss’ involvement in sports management predates her tenure with the Lakers. At the age of 19, she served as the general manager of her father’s professional tennis team, the Los Angeles Strings. This early experience provided her with valuable insights into team management and was a testament to her father’s belief in her capabilities.
Furthermore, Jeanie Buss managed another of her father’s teams, the Los Angeles Blades, in the Roller Hockey International league. Her strong leadership skills and dedication to the sport were recognized, with praise coming from Ken Yaffe, the NHL’s liaison to the RHI league. Despite being in a male-dominated environment, Buss demonstrated her determination and expertise in getting the team off the ground.
Currently, Jeanie Buss is the co-owner of Women of Wrestling, an American women’s professional wrestling promotion. Inspired by tennis legend Billie Jean King and her childhood love for comic book heroines, Buss sees the women of WOW as extraordinary individuals who possess incredible strength. Through Women of Wrestling, she aims to showcase the talents of these Superheroes.
3. Jeanie Buss Studied Business & Graduated From the University of Southern California With Honors
While Jeanie Buss gained significant knowledge from shadowing her father and participating in his meetings, she also pursued formal education in business. She graduated from the University of Southern California’s Marshall School of Business in 1985 with honors. Buss’s commitment to education was instilled in her by her father, who made it a condition for her ownership of the Los Angeles Strings at the age of 19. Her business degree, coupled with her practical experience, provided a solid foundation for her role as the owner and president of the Lakers.
Throughout her career, Jeanie Buss has been recognized for her capabilities in the sports industry. Forbes included her in their list of the top 10 most powerful women in U.S. sports in 2018, highlighting her expertise and influence.
4. Jeanie Buss Has Gotten Involved in Hollywood & Is the Executive Producer of a Hulu Docuseries & an Upcoming Netflix Show
Living in Los Angeles, Jeanie Buss has expanded her interests to the realm of entertainment. She served as the executive producer of the Hulu documentary series titled “Legacy: The True Story of the LA Lakers.” This series chronicles the rise and success of the Lakers franchise since Jerry Buss acquired the team in 1979. It also delves into the dynamics and power struggles within the Buss family after Jerry Buss’s passing.
In collaboration with Mindy Kaling, Jeanie Buss is developing a scripted workplace comedy inspired by her experiences in the Lakers’ office and the dynamics within her family. The Netflix show, ordered for 10 episodes, explores the life of fictional team governor Eliza Reed as she navigates NBA ownership and family drama, with Elaine Ko from “Modern Family” as one of the writers.
Apart from her ventures in television, Jeanie Buss has even tried her hand at stand-up comedy, showcasing her versatility and willingness to explore new avenues.
5. Jeanie Buss Bought a Beachside Condo in Playa Del Rey in 2020
In 2020, Jeanie Buss made a notable real estate purchase, acquiring a property worth $2.6 million in Playa del Rey. Situated in The Breakers, the beachfront condo boasts an ocean-view balcony and patio. Spanning 2,200 square feet, the residence features four bedrooms, three bathrooms, and a master bedroom with a private balcony. The purchase came after she sold her Mediterranean-style Playa Vista home for $2.575 million in 2019, where she had made significant modifications.
Despite initial doubts and skepticism, Jeanie Buss has proven herself as a capable and influential figure in the world of basketball. Winning the Lakers’ 17th NBA championship in 2020 stands as her most significant accomplishment to date. Buss embraces her position and asserts that she belongs in this role, expressing her commitment to honor her father’s legacy by ensuring the Lakers remain a part of the Buss family.
Conclusion
Jeanie Buss, the president and controlling owner of the Los Angeles Lakers, has a net worth estimated at $500 million. Her ownership of the Lakers, combined with her involvement in other sports ventures and her entrepreneurial spirit, has contributed to her financial success. Beyond her accomplishments in the sports industry, Buss has ventured into Hollywood as an executive producer and is currently developing a workplace comedy series. Additionally, she has made notable real estate investments and continues to uphold her father’s legacy by keeping the Lakers within the Buss family. Jeanie Buss exemplifies strength, determination, and business acumen as a leading figure in both sports and entertainment.
FAQs
1. Is Jeanie Buss the first woman to own an NBA team?
Yes, Jeanie Buss became the first woman to own an NBA championship team after the Los Angeles Lakers won in 2020. She is the controlling owner and president of the Lakers.
2. How much is Jeanie Buss’ net worth?
Jeanie Buss has an estimated net worth of $500 million. Her net worth is primarily derived from her controlling ownership of the Los Angeles Lakers and her co-ownership of Women of Wrestling and other business ventures.
3. What other sports teams has Jeanie Buss managed?
Before her tenure with the Lakers, Jeanie Buss served as the general manager of her father’s professional tennis team, the Los Angeles Strings. She also managed the Los Angeles Blades, a roller hockey team in the Roller Hockey International league.
4. What is Jeanie Buss’ educational background?
Jeanie Buss graduated from the University of Southern California’s Marshall School of Business with honors in 1985. Her degree in business, coupled with her practical experience, has been instrumental in her success as the owner and president of the Lakers.
5. What projects has Jeanie Buss been involved in within the entertainment industry?
Jeanie Buss served as the executive producer of the Hulu docuseries “Legacy: The True Story of the LA Lakers.” She is also developing a scripted workplace comedy series with Mindy Kaling, inspired by her experiences in the Lakers’ office. The upcoming show has been ordered by Netflix for 10 episodes.
