Jeanie Buss is one of the most powerful figures in the NBA, recognized for her leadership of the Los Angeles Lakers and her business acumen. In this article, we explore Jeanie Buss’ net worth in 2024, her journey to becoming the Lakers’ president, and the various sources of her wealth.
Early Life and Career Beginnings
Born in 1961 in Santa Monica, California, Jeanie Buss is the daughter of the late Jerry Buss, a successful real estate investor and former Lakers owner. Jeanie’s early career in sports management began when her father made her the general manager of the Los Angeles Strings, a professional tennis team, at the age of 19. This early exposure to sports management helped her develop the skills necessary to run a major sports franchise.
During the 1990s, Jeanie became more involved with the Los Angeles Lakers, holding the role of Executive Vice President of Business Operations. Her work laid the foundation for her future leadership of the team.
Jeanie Buss’ Rise to President of the Lakers
Jeanie Buss officially became the president of the Lakers in 2013 following her father’s passing. Her leadership has been pivotal in guiding the team through various challenges, including the transition after Kobe Bryant’s retirement and the resurgence of the team with LeBron James. Under her presidency, the Lakers won the NBA Championship in 2020.
Her leadership has not only cemented the Lakers’ position as one of the most successful franchises in NBA history but also played a critical role in boosting the team’s value.
Jeanie Buss Net Worth 2024: How Much Is She Worth?
As of 2024, Jeanie Buss’ net worth is estimated to be around $700 million. This impressive figure is largely tied to her stake in the Los Angeles Lakers, one of the most valuable franchises in sports. The team is currently valued at $5.9 billion, and Jeanie holds a 66% stake, giving her control over the franchise.
1. Ownership of the Los Angeles Lakers
The primary source of Jeanie Buss’ wealth is her ownership of the Lakers. Her 66% stake in the team is worth approximately $3.9 billion, although this amount is not fully liquid. The rise in the value of sports franchises, particularly in the NBA, has been a major contributor to her overall wealth.
2. Real Estate Investments
In addition to her stake in the Lakers, Jeanie Buss has invested in real estate, following in her father’s footsteps. While the exact value of her property portfolio isn’t publicly disclosed, it’s estimated to be worth tens of millions. These properties include both residential and commercial investments, primarily in California.
3. Business Ventures and Investments
Apart from real estate, Buss has diversified her income by investing in startups and tech companies. These ventures provide additional streams of income, although they don’t contribute as much to her wealth as the Lakers.
4. Salary and Endorsements
As the president of the Lakers, Jeanie Buss earns a significant salary, estimated to be between $10 to $15 million annually. Additionally, she generates income from endorsements and media appearances, which add to her financial success.
Jeanie Buss’ Lifestyle and Public Presence
Despite her immense wealth, Jeanie Buss is known for maintaining a relatively low-key lifestyle. She owns several luxury properties in Los Angeles but tends to keep her personal life private. She’s also a fan of traveling and is frequently spotted at high-profile events related to both sports and entertainment.
Jeanie Buss’ Impact on the Los Angeles Lakers
Under Jeanie’s leadership, the Lakers have not only won championships but also continued to grow as a business entity. Her efforts to enhance the team’s global brand and maintain its competitive edge have solidified her reputation as one of the most successful women in sports.
Conclusion: The Legacy of Jeanie Buss
Jeanie Buss has successfully built on her father’s legacy, growing her personal wealth to $700 million while leading the Los Angeles Lakers to continued success. Her ability to manage both the business and sports sides of the franchise makes her one of the most respected figures in the NBA. As she continues to lead the Lakers, her influence and wealth are likely to grow in the coming years.
