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buss family trust net worth

Recovering from the recent events, he became the president of his fathers indoor soccer team named the Los Angeles Lazers after his brother Johnny quit. Check out more information about Jack Nicklaus' net worth and career. He raised $150,000 along with his college friend and a group of 30 investors to purchase the team, after which he was named President. Miller, who has an estimated net worth of $1.7 billion, transferred ownership of the Utah Jazz to a, Joey Votto, Freddie Freeman and the Highest-Paid MLB Player on Every Team. The Kraft family also owns the New England Revolution (MLS), Kraft Analytics Group (sports data analytics) and Boston Uprising (esports franchise), as well as a small piece of UFC. Joey Buss, 32, is in his sixth season as the D-Fenders president and chief executive. A surging stock market and cheap financing also pushed up valuations and sparked interest from far beyond the billionaire class as a preponderance of sports SPACs are being marketed to less wealthy retail investors. Clearly, the government's increasing debt is not a new trend. which include debt. Jerry Reinsdorf first began amassing his $1.5 billion fortune in the 1970s when he co-founded a real estate company that would later be bought by American Express. The hardworking man with a keen mind brought the annual losses from $1 million to $50,000. [2] Buss earned a scholarship to the University of Wyoming,[3] graduating with a BS degree in two and a half years in 1953. Get advice on achieving your financial goals and stay up to date on the day's top financial stories. How Rich Are Tiger Woods, Phil Mickelson and the Other Top 10 Richest Pro Golfers? Joseph Tsai is worth $10.6 billion. When it comes to these racers and how they get paid, NASCAR drivers are different from athletes in team sports. Whereas, her sister Jeanie handles another part of the Lakers business. Beginning in the early 1980s, Jerry Buss was notoriously seen in and around Los Angeles at charitable events with his ever-present entourage of close friends who were infamously dubbed in the press as The Seven Dwarfs. Forbes pegs the enterprise value (equity plus net debt) of the Kraft familys sports holdings at $5.3 billion, up $800 million from last year. He also privately owns about 2 million acres of ranchland in the U.S. and Canada. Lasry founded Avenue Capital Management in 1995. He. These stars made big bucks despite never getting a championship. Advertise with us Along with her late husband, Gail Miller built a $5.3 billion, 64-dealership automotive sales empire from a single Toyota dealership. Miller, who has an estimated net worth of $1.7 billion, transferred ownership of the Utah Jazz to a family trust so her heirs couldnt move or sell the team. 1985) and Jesse (b. Basketball shoes have cratered since lebron signed that deal. The Buss family is synonymous with the Los Angeles Lakers and is well known in the sports and entertainment industry. As the owner of the Los Angeles Lakers basketball team, he amassed an even greater fortune (and notoriety). He also co-founded the National Bank of Arizona. Cam Newton replaced Tom Brady under center in 2020 for the New England Patriots. he pursued a Journalism degree and graduated from Madras Christian College. Anschutz owns the second-largest stake of the team, with the Buss family owning 66%. He meticulously involved them in the team as he saw fit and when he died in 2013, the 66% controlling ownership Buss owned went down to six of his children through equal shares. New York Jets QB Sam Darnold looks downfield. Check out more about Fred Couples' net worth and how he made his money. [27], NBA commissioner David Stern said of Buss "The NBA has lost a visionary owner whose influence on our league is incalculable and will be felt for decades to come". The Canadian- American businessman bought the team for a. Most people on this list are worth billions. Privacy Policy Jeanie Buss is the daughter of late Los Angeles Lakers owner Jerry Buss and the President and controlling owner of the team. Theyre tied with the Celtics as the most decorated team in history, with 17 championships to their name. American part-owner and former executive vice president of basketball operations Jim Buss was born in Los Angeles County, California. Jeanie Buss, the daughter of Dr. Jerry Buss, the late Lakers' owner, runs the franchise. Jeanie Buss Net Worth Being the controlling owner and president of the Los Angeles Lakers, Buss has an estimated net worth of $500 million. FSG ranks as the fourth-largest sports empire at $6.6 billion, flat from a year ago. He also appeared in the GSN series High Stakes Poker and the NBC late-night series Poker After Dark.[14]. Jerry Buss Net Worth. The company now oversees more than $300 billion in assets. As of March 2023, James Hatten's estimated net worth is about $120 million. With an estimated net worth of $4.3 billion, Mark Cuban is not the richest NBA owner, but he is one of the most famous and outspoken. So who are all the people that own a stake in the Lakers? It was around this time that Jerry began acquiring a number of sports teams in the Los Angeles area. Currently, Jeanie has a net worth of $500 million, according to Celebrity Net Worth. Jim makes the majority of his money as a basketball trainer. Paul Allen was worth $20.3 billion when he passed away in 2018. Dinan founded York Capital Management in 1991. Through a $3.6 billion television deal with Time Warner Cablethe largest in franchise history and last major deal before his passingBuss has left his self-made fortune to his family and his . James Hatten Buss, former executive vice president of the Los Angeles Lakers (Source: Bleacher Report) As of 2022, Jim has an estimated net worth of around $150 million. [24][25] On February 21, hundreds of friends, colleagues, and family members gathered to pay tribute to Buss in a televised memorial service at the Nokia Theatre L.A. Live, across from the Lakers' home court, Staples Center. There are owners who pass on the team to their future generations, and one such man was Dr. Jerry Buss. Offers may be subject to change without notice. His birth name is James Hatten Buss. He inspired the Lakers' Showtime era with his vision that basketball games must be entertaining. Shes the eldest daughter of Jerry Buss and it is often said that he wanted Jeanie to take over his, The Anschutz Entertainment Group is a flourishing company worldwide, which, more than 100 arenas and concert venues worldwide. She began her career at the age of 19 when she became the general manager of the Los Angeles Strings, a professional tennis team. [21] Through his 80th birthday on January 27, 2013, he had not attended a Lakers game during the 201213 season due to health concerns. As of April 2023, the U.S. national debt has reached a record high of more than $31.5 trillion. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy, according to Scott Soshnick and Eben Novy-Williams of, according to Bloomberg's Billionaire Index, Report: Mavs Hiring Jason Kidd as Next Head Coach, How It Feels to Watch the Team You Built Thrive Without You, The Hawks Found an Unlikely Hero in Kevin Huerter. His first investment in the 1960s was $1,000 in a West Los Angeles apartment building. . This is from his career as the supervisor of the Los Angeles Lakers. The family became such a household name that there is now a show on HBO, Winning Time: The Rise of the Lakers Dynasty, that highlights the early success of the Lakers in the 1980s. Born in Salt Lake City, Buss was raised by his divorced mother, Jessie. Theodore Ted Leonsis made his first fortune at the senior executive level of AOL. since early 2020. Find out how much they earn in mounting fees and prize money. The New York Mets ($2.4 billion) and the Utah Jazz ($1.66 billion) both sold for rich valuations over the last six months while the Minnesota Timberwolves are on the market and attracting interest. Properties: Los Angeles Lakers. Buss owned other professional sports franchises in Southern California. The Buss Family Trust now owns the Lakers, with Jeanie Buss acting as the President. Alibaba is known as the Amazon of China, and Joseph Tsai co-founded the platform and remains the companys No. He then embarked on a remarkable run of buying into Chicago sports teams just as they were taking off, including not just the Bulls in 1985 but also the White Sox in 81. Jerry Buss, who owned the Lakers since 1979, died in 2013. These offers do not represent all deposit accounts available. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. If you would like to customise your choices, click 'Manage privacy settings'. Jerry purchased the Lakers in 1979 for $68 million dollars in a package deal that also included the Los Angeles Kings of the NHL, as well as two venues in the Great Western Forum and a ranch in the Sierra Nevada Mountains. The Los Angeles Lakers celebrate a record-tying 17th NBA title. Jeanie has also been involved in the alcohol industry, being the co-founder of her tequila brand, Cincoro Tequila. However, their divorce was finalized in the year 1985 and had to live with each other for more than six months as they were watched by the social workers. Jeanie Buss, the owner of Los Angeles Lakers, is worth $500 million. Talent agency giant Endeavor paid $4 billion for the mixed-martial-arts promotion in 2016, and its current enterprise value is $9.4 billion. She had originally purchased the property for $2.45 million back in 2017. They announced their engagement in December 2022. The action you just performed triggered the security solution. Jim Buss Net Worth. In January 2008, Buss donated $7.5 million to USC's Department of Chemistry to fund two endowed chairs and an endowed scholarship fund for chemistry graduate students; the two chairs were to be named after his mentors at USC, Professors Sidney Benson and David Dows. In 1974, Buss produced a movie named Black Eye starring former gridiron star Fred "the Hammer" Williamson. While the baseball team rose in value, Fenway Roush and NESN both fell. Please try again later. One of the greatest innovators in history, he will always be remembered for co-founding Microsoft with Bill Gates. Just four years later in 1999, Cuban sold the company to Yahoo for $5.7 billion. How Rich Are LeBron James, Steph Curry and Other NBA Stars? Buss was born the second of four children to Jo Ann andJerry Buss. As previously stated, Johnny Buss' net worth is made up of his profits as a member of several sports teams as well as the $600 million wealth he inherited from his father, Jerry Buss. [26] Buss was buried on February 22 at Forest Lawn Memorial Park (Hollywood Hills) in a private ceremony with family and close friends. Anschutz's share in the team also gives him theright of first refusal on any wider controlling sale, though it's unclear if the buyer in the proposed deal would have the same. Earvin Johnson is a shining example of excellence on and off the court, and it is a privilege to have acquired his ownership position, he added. Jim has yet to reveal any additional information about his earnings. However, Buss did not wait until the last moment to alert his offsprings about the gravity of his position. Buss allegedly owns another property in Playa Vista as well, and she reportedly purchased this four-bedroom condo in 2018. She maintained a solid relationship with her father, however. Jerry Buss loved the city of Los Angeles and used every bit of money that he made, to purchase the Lakers, the NHLs Los Angeles Kings, the Forum, a ranch in Kern County for a combined value of $67.5 million. [28] Lakers guard Kobe Bryant said "His impact is felt worldwide," and called Buss the greatest owner in sports ever.[29]. Glen Taylor, who has a net worth of $2.9 billion, worked in the wedding business in college, went on to buy a wedding services company for $2 million in 1975 and grew it into Taylor Corp., a firm thats done over $2 billion in sales. A two-time University of Southern California Alumnus (MA, Ph.D), he was a Los Angeles. Jim tied his wedding knot to his former wife in 1983 and the pair adopted a son named, Jager. One of the careers that will be highlighted throughout the show is current team president Jeanie Buss and as expected fans are curious about the Buss family and their net worth. Therefore each child's 11% stake is worth around $550 million. The next-richest NBA team owner knows a thing or two about basketball none other than Michael Jordan, who earned just $90 million of his $2.1 billion fortune on the court. Daughter Jeanie is now the controlling owner and team president. [2], Buss' marriage to the former JoAnn Mueller ended in divorce in 1972 after having five children: Lee (b. The family has a net worth of $5.4 billion. Jeanie holds nationality of American and her ethnicity is White. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. Some of the richest NFL Jockeys are some of the original "gig workers" because they work as independent contractors. Owner: Jerry Buss Family Trust - Net Worth: $600 million Dr. Jerry Buss was beloved in Los Angeles. The Lakers were valued at $4.6 billion by Forbesthis year, the third-highest team in the NBA. He was promoted to vice presidentof basketball operations in 2005. Witnesses offer conflicting accounts, Mars Voltas lead singer broke with Scientology and reunited with the band. Upcoming NBA and Basketball Movies Every Fan Should be Excited About, Full Spectrum Services LLP 2022 | All Rights Reserved. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. But first, let's peep into some of the quick facts about the second son of Jerry Buss. These Are the Best Banks of 2021 Did Yours Make the Cut? Like Paul Allen and Bill Gates, he has dedicated much of his later life to global philanthropy, adding another $2 billion in Microsoft-earned money to charity. Later, the pair moves to their daily lives, while Buss gain the sole custody of their son. Today, he has a net worth of $7 billion. Jesse Buss, 29, is in his second season as the Lakers assistant general manager and director of scouting, which he oversees for the both the Lakers and the D-Fenders. [23], After being hospitalized at Cedars-Sinai Medical Center with an undisclosed form of cancer, he died of kidney failure on February 18, 2013, aged 80. Jeanie has a net worth of $500 million as of December 2022. This website is using a security service to protect itself from online attacks. Find out more about how we use your personal data in our privacy policy and cookie policy. Bush family Net Worth. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). A sports mogul to boot, he owns not only the Nuggets but two soccer teams and the NHLs Colorado Avalanche. Market Realist is a registered trademark. Jeanie posed nude for Playboy magazine in 1995. Timely investments in sports betting company DraftKings and. 1, Lakers vs. Warriors: What scouts expect in playoff series, Photos | Stars come out to support the Lakers, Game 7 mentality: Lakers close out Grizzlies to earn some rest. Tilman Fertitta, who has an estimated net worth of $4.7 billion, owns Golden Nugget Casinos as well as Landrys, which Fertitta took private in a $1.4 billion deal in 2010. Jeanie's primary source of income is her work as a sports executive. nike contact is a life time deal worth 1 Billion, assuming all the metrics were hit with sales in the best case scenario its = 1bil/25 years aka 40mil a year. Jim started investing a small business along with his best friend but the sad death of his friend in the car accident in 1981 left him devastated. Its safe to say that Jerry made a great investment with that purchase just from the Lakers and Kings success alone as both franchises have won multiple championships since being acquired by the historic owner. Your IP: He has made money, however, in real estate as the executive director of Southwest Value Partners. Herb and another brother, Melvin Simon, formed what would become the Simon Property Group. The 59-year American international is about 6ft 2 inches tall, further, Jeanie Bussand Johnny Buss. No reliable net worth information is available for Irving Grousbeck or Robert Epstein, but Stephen Pagliuca is worth $450 million and Wycliffe Grousbeck is worth $400 million for a combined net worth of $850 million, according to Celebrity Net Worth. That strategy has earned him a net worth of $10 billion and about 30 million square feet of international real estate. Kroenke Sports & Entertainment, which houses the wide-ranging sports assets of Stan Kroenke, follows Liberty at No. Birthplace: Santa Monica, California, U.S. Education: University of Southern California. Heres a look at each of their positions: Johnny Buss, 60, serves as the Lakers executive vice president of corporate development. Grousbeck made his money as a venture capitalist. recent estimation. The great man ran the show for 34, The Buss Family Trust now owns the Lakers, with Jeanie Buss acting as the President. The Dallas Cowboys empire built by Jerry Jones is third at $7 billion. Buss also became the first female controlling owner to win an NBA championship after the Lakers conquered the Orlando bubble. She began her career at the age of 19 when she became the general manager of the Los Angeles Strings, a professional tennis team. Net Worth & Income. lol. 7 on the 2020 list of the Worlds Most Valuable Sports Empires, up from eighth last year. He latertrainedthoroughbred racehorse for nine years before joining the Lakers in 1998 as an assistant general manager. Professionally, The Dwarfs were outstanding contributors who held positions as special assistant, financial advisor, investment banker, ADPAC marketing executive. He purchased the Los Angeles Lakers of the NBA along with the Los Angeles Kings hockey team of the NHL, The Forum (all for a then-record combined $67.5 million for those three properties[9]), and a large ranch from Jack Kent Cooke in 1979, in a deal that also transferred ownership of the Chrysler Building. Under Buss' ownership, the Lakers won ten championships and collected an all-star squad that included James Worthy, Magic Johnson, Shaquille O'Neal, and Kobe Bryant. Jeanie Buss, 55, is in her fourth season as Lakers president, her 18th season overall with the organization. He's worth $400 million, according to Celebrity Net Worth. Next: Biggest Contract Busts in MLB HistoryAlso: How To Build a Financial Plan From Zero Gary Player Net Worth: $250 Million Age:87Major Read on to learn more about Rory McIlroy's net worth and achievements. The Anschutz Entertainment Group is a flourishing company worldwide, which operates more than 100 arenas and concert venues worldwide. Read: How Rich Are These Big-Name NASCAR Drivers?Also: How To Build a Financial Plan From Zero Phil Mickelson Net Worth: $400 Find out more about Gary Player's net worth and wins. Value: $3.63 billion. This would spark a string of successful real estate ventures for the physical chemistry Ph.D graduate. He spent much of his youth atrace tracks. Buss's 66% controlling ownership of the Lakers passed to his six children via a trust, with each child receiving an equal vote (11% for each child). After her husband died, she was embroiled in a protracted lawsuit with his heirs over the familys assets. Her wealth includes cars and houses. His contributions to basketball were recognized by his induction into the Basketball Hall of Fame in 2010. His succession plan had daughter Jeanie assume his previous title as the Lakers' governor as well as its team representative at NBA Board of Governors meetings. Jeanie held a strong relationship with her father and was heavily involved in the sports business world. Sign up for our daily newsletter for the latest financial news and trending topics. This diverges from Forbes net worth estimates for individuals, which are net of debt. We use enterprise values, which reflect the cost of acquiring a business including debt. The 2013 World Series of Poker held The $2,500 Seven Card Stud tournament in his memory and drew 246 entrants. [10] Buss later sold his controlling interest in the Kings to Bruce McNall in 1988 (who made headlines that year by trading for Wayne Gretzky from the Edmonton Oilers), retaining ownership of the Lakers and The Forum. She also represents the Lakers on the NBA's Board of Governors. The buyer in the deal is not yet known, and the deal is still pending approval by the NBA's Board of Governors. ), Chargers were supposed to draft a tight end. At his death in 2013, six out of seven of his children worked in the Lakers organization. Jim was diverted to another business as the horse racing stock was quite unfavorable and unprofitable. President of the Los Angeles Lakers Net worth: $500 million Jeanie Buss is the controlling owner and President of the Los Angeles Lakers. His best finishes included third in the 1991 World Series of Poker seven-card stud event and second place in the 2003 World Poker Tour Freeroll invitational. Jeanie Buss has a net worth of $500 million. Jeanie Buss with Shaquille O'Neal in 2021. As of March 2023, The total combined net worth fortune of the Bush family is about $500 million. In 1959, Richard DeVos and a high school friend named Jay Van Andel founded Amway, which would go on to become one of the biggest direct-sales corporations. There was an unknown error. Hes worth $400 million, according to Celebrity Net Worth. 1 with $13 billion. We can take away some key lessons from Dr. Jerry Buss. But Brady is leading the Tampa Bay Buccaneers in the postseason this year while the Patriots delivered their first losing season in two decades. As for riding Buss chooses a Mercedes Benz coated with white color which is estimated to cost $110,000. 2 with $8.7 billion. 2020 America's Richest Families Net . So, what is Buss' net worth? Philip Anschutz is an American billionaire who owns a plethora of companies across several sectors. Buss extensively learn the basketball game, tactics and strategies from his father, Jerry West, and Kupchak, who was promoted to general manager in 2000. ( Jockeys typically stand around 4ft 10in (1.47m) to 5ft 6in (1.68m)). Guber, who also is a minority owner of the Los Angeles Dodgers, is the chairman and CEO of Mandalay Entertainment. A full body orgasm at the L.A. Phil? The values of top-tier sports assets, particularly teams, have held up extremely well during the pandemic. Even now, team owners build a family around the franchise, planting the seeds, waiting for it to reap success and it becomes habitual. [17], Buss had two more children with a girlfriend, Karen Demel: Joey (b. Arjun Athreya is a senior writer at Essentially Sports and has been contributing While the Lakers were a dynasty team in the 80s, Jeanie has helped keep the team highly successful, having current NBA legends on the team such as LeBron James, Carmelo Anthony, and Russell Westbrook and winning an NBA championship in 2020. In the 1970s, Gayle Benson worked in interior design. Ted Lerner & family NET WORTH: $4.8 billion Hes worth $8.5 billion, much of which comes from the fact that he still owns nearly 75% of the company and serves as its CEO. He has been known for keeping his words. Compare:The Richest Athletes in the World. This makes it difficult . Raised alongside three siblings by Joann and Jerry Buss, Jeanie was still quite young when her father started to become successful in the real estate world. Then, Dr. Jerry Buss acquired the franchise, and the rest is history (Or scroll on top to read again)! Besides, she also inherited a major chunk of her father's sports business. Vivek Ranadive, Sacramento Kings: $700 Million Owner since: 2013 How much they purchased the team for: $534 million How much the team is worth: $1.775 billion Boasting master's degrees from both MIT and Harvard, Vivek Ranadive is a businessman and engineer who founded TIBCO Software. The California native became General Manager of World TeamTennis, a top tennis league, at the age of 19 while pursuing a Bachelors degree at USC (University of Southern California). At his death, his net worth was estimated to be nearly 1 billion dollars. He then returned to Los Angeles and attended the University of Southern California (USC), where he earned an MS and PhD in physical chemistry in 1957 at the age of 24. [4] Buss started as a chemist for the Bureau of Mines (now the Mine Safety and Health Administration);[5] he then briefly worked in the aerospace industry and was on the faculty of USC's chemistry department. Jerry Buss was a child of The Great Depression, standing on bread-lines in Wyoming as . He was the companys 30th employee in 1980 and led Microsoft as CEO from 2000-2014. Terms of Use, Michael Jordan Biography, Salary, Net Worth, NBA, How much is Jeanie Buss Net worth? The relocation happened during 1957 when Robert Short was at the helm of ownership. Buss also owned the Los Angeles Lazers of the Major Indoor Soccer League. How envious? The 2,200-square-foot home also lies within the Breakers complex, a gated community within the Playa del Rey area. After Jim's dad's end, Jerry, his $600 million, and a tremendous heap of resources were isolated by their family trust into equivalent parts among the Buss family. Jeanie and Jim Buss chat before the start of a news conference to introduce Dwight Howard as the Lakers new center on Aug. 10, 2012. Jeanie Buss is the controlling owner and President of the Los Angeles Lakers. Anschutz, 81, is the 133rd wealthiest person in the world with a net worth of $15.8 billion, according to Bloomberg's Billionaire Index. She then became an executive for the Angeles Blades, a professional roller hockey team. [11] The Sparks also experienced their share of success, winning two WNBA championships with such players as Lisa Leslie, Tamecka Dixon and DeLisha Milton-Jones. [3][15][16] Their oldest child, Lee, was put up for adoption shortly after birth. [20], In 2012, Buss was in a hospital for months with an undisclosed intestinal problem. [2], In 1990, Buss reached a settlement out of court in a palimony suit filed by Puppi Buss, who said that she had an on-and-off relationship with Buss for 15 years, and also alleged that he fathered her son;[18][19] details of the settlement were not revealed. Anschutz is an old-school industry tycoon with a half-century record of highly profitable ventures in real estate, entertainment, telecom, oil and railroads. Eventually, all three teams moved into a more modern arena in downtown Los Angeles, the Staples Center, which opened in 1999. In 1998, however, Philip Anschutz bought into the team, as well. He initially joined the Lakers as an apprentice to general manager Jerry West and assistant,Mitch Kupchak. Philip Anschutz, the billionaire founder of sports and entertainment company AEG, is reportedly selling his 27% ownership stake in the Lakers, according to Scott Soshnick and Eben Novy-Williams of Sportico. She grew up in Seattle and graduated from the University of Washington. She a number of cars some are listed below; The Showtime era was born, the three-peat was accomplished and so much more. Know: How much is Jeanie Buss Net worth? Lindsey Thiry is a former general assignment multimedia sports reporter for the Los Angeles Times. Properties: Formula One, Atlanta Braves, Drone Racing League*, Ball Arena*, Properties: Los Angeles Rams, Arsenal, Denver Nuggets, Colorado Avalanche, Colorado Rapids, Altitude Sports & Entertainment, Los Angeles Gladiators, Los Angeles Guerrillas, Properties: Dallas Cowboys, Legends*, The Star, CompLexity Gaming, Properties: Boston Red Sox, Liverpool, NESN, Roush Fenway Racing, Fenway Sports Management. The Anschutz Entertainment Group is a flourishing company worldwide, which operates more than 100 arenas and concert venues worldwide. How much the team is worth: $3.1 billion No reliable net worth information is available for Irving Grousbeck or Robert Epstein, but Stephen Pagliuca is worth $450 million and Wycliffe. In 2019, his online sneaker platform StockX became a unicorn thats when a privately held start-up reaches a value of $1 billion. So it came as no surprise when she was appointed the controlling owner of the team and handles business operations. Unusually, hes found a way to actually lose money on an NBA team so far. When Jerry Buss purchased the LA Lakers from former owner Jack Kent Cooke in 1979, he was divorced from his first wife, JoAnn Mueller. This is a BETA experience.

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