Few names in the world of athletics and entertainment are as impactful as Jeanie Buss. As the majority owner and president of the Los Angeles Lakers, she is not only an important figure in the National Basketball Association, but also a business titan. Fans and analysts are in awe of Jeanie Buss’ impressive net worth, which she has accumulated through her love of basketball, business acumen, and unwavering dedication to her team.
Jeanie Buss Net Worth
Jeanie Buss’s outstanding net worth is 500 million dollars. His wealth is the result of his successful career in basketball management and his involvement in maintaining the Lakers’ status as an NBA icon.
Lakers ownership share
Jerry Buss died in 2013 and his six children inherited a family trust that owns 66% of the Los Angeles Lakers. Therefore, each child owns approximately 11% of the Lakers. Given that the Phoenix Suns were sold in late 2022 for $4 billion, it’s not inconceivable that the Los Angeles Lakers could be conservatively valued at $5 billion. Therefore, each child’s 11% share is worth approximately $550 million.
The other Lakers owners 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 company founder Phil Anschutz.
Ed Roski: 8 percent. Ed is a real estate developer with approximately 90 million square feet of commercial properties in the United States. In 1998, he acquired an 8% stake in the Lakers.
In 2017, Jeanie’s brother Johnny took over the Lakers from his sister. The mutiny ended with Jeanie taking even greater control over the team after a long battle. She is now solely responsible for all decisions in the Laker family. She is also the Lakers’ representative on the NBA Board of Governors.
Career
Jeanie attended college while learning the ropes of business and sports administration from her father. She enrolled at the University of Southern California and majored in business before graduating with honors. Jerry appointed Jeanie, then 19, as the new manager of the Los Angeles Strings during her college years. Jeanie served as president of the Great Western Forum—the Lakers’ home 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 to hand her the Lakers’ business operations while her brother Jim handled sports-related decisions. She was one of the most influential women in sports in 2005. After Jerry’s death in 2013, Buss fired general manager Mitch Kupchak and his brother Jim, who was vice president of basketball operations.
Personal life
In 1990, Jeannette married professional volleyball player Steve Timmons. Three years later, they divorced, citing that she had prioritized her career over her marriage.
Jeanie began courting former Lakers head coach Phil Jackson in late 1999. They never married, and their separation was revealed in 2016. Jeanie began dating comedian Jay Mohr in 2017. In December 2022, they announced their engagement. In 1995, Jeanie posed nude for Playboy magazine.