Jeanie Buss, 61, made history when the Los Angeles Lakers won the 2020 championship, becoming the first woman to own a championship-winning NBA team. As the controlling owner and president of the Lakers, her net worth is estimated to be $500 million. Buss is the daughter of the late former Lakers owner Jerry Buss, who died in 2013. Buss has a variety of business interests, including co-ownership of Women of Wrestling, an American women’s professional wrestling promotion.
Lakers Leadership
Jeanie Buss is best known as the president and controlling owner of the Los Angeles Lakers. After her father, Jerry Buss, passed away in 2013, his six children inherited a 66% controlling stake in the Lakers, with each child receiving approximately 11% of the shares. Given that Forbes values the Lakers at approximately $5.9 billion, an 11% stake would equate to nearly $650 million.
In 2017, Buss consolidated control of the Lakers following a legal battle with brothers Jim and Johnny Buss. She fired Jim from his positions as head of basketball operations and executive vice president, securing her position as the team’s controlling shareholder for life. As CEO, she oversaw all aspects of the team, including basketball operations, marketing, sponsorships and broadcast relations. Buss also represented the Lakers on the NBA Board of Governors and served on the NBA’s Advisory and Finance Committees.
Early management roles
Prior to taking the helm of the Lakers, Buss gained valuable experience managing other sports teams owned by her father. At just 19 years old, she was named general manager of the Los Angeles Strings, a professional tennis team. This position provided her with early leadership experience that laid the foundation for her future in sports management. Buss led the Strings to two league championships before the team folded in 1993.
Bass also managed the Los Angeles Blades of the International Roller Hockey League, earning praise for her knowledge and leadership. Her tenure with the Blades (1993-1999) further honed her sports management skills, leading to her being named Executive of the Year by the International Roller Hockey League.
Business Investment
In addition to her role with the Lakers, Buss is also the co-founder of the professional wrestling promotion Women’s Wrestling. Inspired by tennis legend Billie Jean King and her childhood love of comic book heroines, Buss hopes to empower women through this venture. “The women of WOW are the strongest people I have ever met in my life,” Buss said. “They are amazing. They are superheroes.”
Education and Honors
Jeannie Buss graduated with honors from the University of Southern California Marshall School of Business in 1985. She currently serves on the school’s board of directors. Her father insisted that she complete her education as a condition for her becoming the owner of the Los Angeles String Orchestra. Buss reflects on this and emphasizes the importance of education, saying that it taught her valuable lessons that have played a major role in her success.
Hollywood Investment Company
It’s no surprise that Buss, who lives in Los Angeles, is involved in the entertainment industry. She served as executive producer of the Hulu documentary “Legacy: The True Story of the Los Angeles Lakers,” which chronicles the Lakers’ rise and success, as well as the struggle for control within the organization after Jerry Buss’ death. Buss said it was important to share her father’s story with a new generation, highlighting his unique contribution to the world of sports.
Buss is also working with Mindy Kaling on a 10-episode Netflix workplace comedy based on her time with the Lakers. The series, which will be written by Modern Family’s Elaine Ko and explore the dynamics of NBA ownership and family drama, has been ordered to run for 10 episodes.
Real estate investment
In 2020, Bass purchased a beachfront condo in Playa del Rey for $2.6 million. The 2,200-square-foot property features four bedrooms, three bathrooms, and stunning ocean views from the balcony and terrace. A year ago, she sold her Mediterranean-style home in Playa Vista for $2.575 million, highlighting her active involvement in the real estate market.
Personal life and future plans
Buss, who is now engaged to actor and comedian Jay Mohr, continues to break barriers and set new standards in the sports industry. She has publicly stated that she is committed to keeping the Lakers in the Buss family to honor her father’s legacy. “I’m not going anywhere. This is exactly what my father asked me to do. The team is not for sale,” she told the Los Angeles Times.
in conclusion
Jeanie Buss’ journey from managing tennis and roller hockey teams to becoming the first woman to own a championship-winning NBA franchise is a testament to her resilience, leadership, and business acumen. With a net worth of $500 million and a diverse business portfolio, Buss continues to make significant strides in the sports world and beyond. Her story is an inspiration to many, highlighting the importance of perseverance, education, and innovation to achieve success.
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Source: svlsf.edu.vn