Jeanie Buss Net Worth: How Much Share She Owns in The Lakers?

Do you know how much is Jeanie Buss net worth? She is the President of the Los Angeles Lakers and a co-owner of the Women of Wrestling organization. Her father is “jerry Buss,” owner of the Los Angeles Lakers and other sports franchises. She started working for the family business when she was 19 years old, first as the general manager of a professional tennis team and later by purchasing roller hockey franchises. Following his passing in 2013, her father left the Lakers to his six children via a family trust. She became the first woman to hold majority ownership of an NBA team in 2020.

Jeanie Buss Net Worth

Jeanie Buss Net Worth: Jeanie Buss is the President and controlling owner of the Los Angeles Lakers. She is the daughter of the team’s late owner, Jerry Buss. The wealth of Jeanie Buss is estimated at $500,000,000. In the year she turned 19, she was hired as the general manager of the Los Angeles Strings, a professional tennis team. She became president of the Great Western Forum after becoming the owner of the Los Angeles Blades roller hockey team. After her father died, she took over as vice president of the Lakers.

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Jeanie Buss’s Share of Ownership in the Lakers

Jeanie Buss's Share of Ownership in the Lakers
Jeanie Buss’s Share of Ownership in the Lakers

Six of Jerry Buss’s children received shares in a family trust that controls 66% of the Lakers after his death in 2013. It works out to about 11 percent of the Lakers for each child. It is plausible that the Lakers would be for a conservative $5 billion, given that the Phoenix Suns were sold in late 2022 for $4 billion. The value of the 11% share held by each child is around $550 million.

Jeanie Buss’s Family and Early Life

On September 26, 1961, in Santa Monica, California, the world was introduced to Jeanie Marie Buss. Jeanie Buss was one of four children raised by Joann and Jerry Buss. She was a little child when her father found success in real estate. A West Los Angeles apartment complex was Jerry’s 1960s investment. The physical chemistry Ph.D. holder would use this as the catalyst for lucrative real estate deals. Eventually, Jerry Buss and his partner Frank Mariani established a real estate investment firm called Mariani-Buss Associates.

Jerry’s divorce from Joann had already left Joanie suffering deeply. In spite of this, she never stopped speaking highly of her relationship with her dad. Around this period, Jerry began amassing a slew of local Los Angeles-area sports franchises. The Los Angeles String Quartet, the Los Angeles Kings hockey team, and the Los Angeles Lakers were among these. She began accompanying Jerry to World Team Tennis meetings when she was only 14 years old, where she gleaned invaluable experience that she would use as manager of the Los Angeles Strings. She made the decision to move in permanently with her dad when she was 17.

Jeanie Buss’s Career

Jeanie Buss Career
Jeanie Buss Career

Jeanie went to school while she was learning the business and sports management ropes from her dad. She attended USC, where she was able to finish her business degree with high distinction. Jerry hired Jeanie, then 19 years old and a college student, to lead the Los Angeles Strings. Jeanie served as president of the Great Western Forum, where the Lakers played, for four years after she purchased the Los Angeles Blades of Roller Hockey International.

She eventually convinced Jerry of her economic acumen, and the two of them made plans for her to run the Lakers’ commercial operations while Jim ran the team’s athletic affairs. One of the most powerful women in sports by 2005. Her brother Jim Buss, who was the vice president of basketball operations, and general manager Mitch Kupchak were both let go by Buss after Jerry’s death in 2013.

Jeanie Buss’s Personal Life

Jeanie Buss Past Relationships
Jeanie Buss Past Relationships

In 1990, Jeanie wed Steve Timmons, a professional volleyball player. After three years of marriage, the woman filed for divorce, citing the priority she placed on her profession over her husband.

Late in 1999, Jeanie started dating the former Lakers head coach Phil Jackson. They never officially tied the knot, and their breakup was publicized in 2016.

Jeanie started dating the comedian Jay Mohr that same year (2017). It was in December of 2022 when they made their engagement public. In 1995, Jeanie posed scantily clad for Playboy.

Jeanie Buss’s Property Investment

For $2.575 million, Buss parted with her Playa Vista house in 2019. For $2.45 million in 2017, she bought the house. She agreed to a price reduction of $225,000 despite the fact that the original asking price was $225,000 higher. To be fair, after purchasing the property two years ago, Buss did make some improvements in an effort to increase its desirability to potential buyers. Before re-listing, the home was given a brief facelift with a coat of neutral paint and updated light fixtures.

Jeanie Buss Property
Jeanie Buss Property

Her previous Playa Vista residence, located on a corner site, has over 3,200 square feet of total living space. There is also a three-car garage, French doors and a flagstone patio. Apparently, Buss bought this four-bedroom condo in Playa Vista in 2018, adding to another home she purportedly owns there.

Jeanie bought a house in the Playa del Rey area of Los Angeles in 2020. It’s only a few miles from Los Angeles International Airport and she spent $2.6 million on the house. The four-bedroom, waterside house has a fitness center, spa, and swimming pool. The Breakers complex is a gated enclave in Playa del Rey, where the 2,200-square-foot property is located. While Buss had previously owned several residences in the greater Los Angeles area this was her first waterfront home.

Final Lines

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