Jerry Reinsdorf Net Worth
Jerry M. Reinsdorf’s estimated net worth is $350 million.
Jerry M. Reinsdorf Wiki Biography
Jerry M. Reinsdorf, born on February 25th, 1936, in Brooklyn, New York City, USA, of Jewish ancestry, is best known for owning the basketball team the Chicago Bulls (NBA) and the baseball team the Chicago White Sox (MLB). His significant contribution to basketball led to his induction into the Naismith Memorial Basketball Hall of Fame in 2016.
Reinsdorf’s wealth is primarily sourced from basketball and baseball; current estimates place his net worth at $350 million as of mid-2016.
Jerry Reinsdorf Net Worth $350 Million
Reinsdorf attended Erasmus Hall High School and later graduated from George Washington University with a Bachelor’s degree, and Northwestern University School of Law in 1960. He initially worked as a tax attorney for the US federal government’s revenue service before venturing into private practice in 1964, where he amassed wealth from real estate investments utilizing tax shelters. He sold his business to Shearson Lehman Brothers in 1982 for $102 million.
In 1981, Reinsdorf purchased the franchise of the White Sox for $19 million. The team achieved significant success, winning the World Series in 2005 and also building a new stadium named the United Center in partnership with the owner of the ice-hockey team, the Chicago Blackhawks. This venture significantly contributed to Reinhold’s net worth over many years.
Reinsdorf’s influence extends beyond baseball; in 1985, he acquired ownership of the Chicago Bulls and served as their chairman. The team won six NBA championships in the 1990s, under Reinsdorf’s leadership, despite controversies surrounding key personnel decisions and financial regulations initiated by him.
Inducted into the Wisconsin Baseball Hall of Fame in 2006, Reinsdorf was awarded the Jefferson Award for Public Service in 2011 for his philanthropic efforts. He also serves on the board of several organizations and launched a business advisory and security consulting company with other partners.
Reinsdorf has been married to Martyl F. Rifkin since 1956 and has four children. He currently resides in Chicago, Illinois.
