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Jerry Buss Net Worth

Jerry Buss wiki & biography:

2012 – the Story

American chemist, real estate investor and businessmanJerry Buss has an estimated net worth of $600 million in 2012. Real estate is regarded as the former holder of the National Basketball Association’s the Los Angeles Lakers.

Real estate also possessed the Los Angeles Stringsof theWorld Team Tennis. He was likewise the owner of theLos Angeles Lakers,The Forum, Los Angeles Sparksand NHL’sLos Angeles Kings.

In 2012, Jerry Buss has been hospitalized for a number of months due to a rumored intestinal difficulty. In February 2013, he was reported to have cancer since 2012. Buss died onFebruary 18, 2013 in Los Angeles California.

Gerald Hatten Buss was born onJanuary 27, 1933 inSalt Lake City,Utah. He took his Bachelor’s degree from the University of Wyoming, subsequently attended the University of Southern Californiafor his masteral and doctorate degrees. He was formerly married toJoAnn Mueller. He’s six children named Johnny, Jim, Jeanie, Janie, Joey, and Jesse.
Jerry Buss earned the bulk of his net worth as whoever owns the Los Angeles Lakers basketball team. He was also the former owner of the Los Angeles Sparks (WNBA), the Los Angeles Kings (NHL), along with the Los Angeles Lazers (soccer).

Produced in Salt Lake City, Buss was raised by his divorced mother, Jessie. When he was nine years of age, he moved along with his mother to Los Angeles; they moved to Kemmerer, Wyoming, three years after when she remarried. Then he returned to Los Angeles and attended the University of Southern California (USC), where he earned an M.S. and Ph.D. in physical chemistry in 1957 at the age of 24. Buss began as a chemist for the Bureau of Mines (now the Mine Safety and Health Administration); he then briefly been employed in the aerospace industry and was on the faculty of USC’s chemistry department. He originally went into property investing so that you can provide an income so he could continue teaching. Finding great success in the real-estate business, he pursued real estate investing full-time. In 1974 Jerry created a picture named Black Eye starring former gridiron star Fred “the Hammer” Williamson. In 1979 Jerry purchased Pickfair Mansion in Beverly Hills in the estate of Mary Pickford. He was also the co-owner of a property investment company called Mariani-Buss Associates together with his long-time business associate Frank Mariani. Buss became an owner in World Team Tennis, the Los Angeles Strings. He bought the Los Angeles Lakers of the NBA along with the Los Angeles Kings hockey team of the NHL, The Forum, along with a big ranch from Jack Kent Cooke in 1979. Buss was a high-stakes cash game poker player for many years, but after in life was more active in tournament matches.
He was the majority owner of the Los Angeles Lakers professional basketball team in the National Basketball Association (NBA), winning 10 league tournaments that have been emphasized by the team’s Showtime age throughout the 1980s. He’s an associate of the Naismith Memorial Basketball Hall of Fame as a subscriber. Buss also owned other professional sports franchises in Southern California.

Buss became an owner in World Team Tennis, the Los Angeles Strings. He purchased the Los Angeles Lakers of the NBA along with the La Kings hockey team of the NHL, The Forum, and a sizable ranch from Jack Kent Cooke in 1979. Buss after sold the Kings, retaining possession of the Lakers and The Forum. He subsequently reached a major marketing arrangement with Great Western Bank for the naming rights to The Forum, causing the official name of the building being shifted to the Great Western Forum. Later, when the WNBA was formed in 1996, Buss took charge of operating that league’s La franchise, the Los Angeles Sparks. Finally, all three teams moved into a more modern arena in downtown Los Angeles, the Staples Center, which opened in 1999. As element of the offer to maneuver the Lakers into Staples Center, Buss sold the Great Western Forum (which was later reverted to its initial name). The Lakers were quite successful under Buss’ ownership, winning ten NBA tournaments with such players as Kareem Abdul-Jabbar, Magic Johnson, James Worthy, Shaquille O’Neal, Kobe Bryant and Pau Gasol, and with trainers Pat Riley and Phil Jackson. He inspired the Lakers’ Showtime era with his vision that basketball games must be amusing. The Sparks also experienced their share of succeeding, winning two WNBA championships with such players as Lisa Leslie, Tamecka Dixon and DeLisha Milton-Jones. In 2002, when the WNBA was restructured to give its teams individual owners, Buss took ownership of the Sparks. He sold the team in 2006. Buss also possessed the Los Angeles Lazers of the Major Indoor Soccer League. The Lazers also played in The Forum. The team closed down in 1989 as well as the league folded three years afterwards. His contributions to basketball were recognized by his induction to the Basketball Hall of Fame in 2010.

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