Jeanie Buss Net Worth (Money & Salary)

What Is Jeanie Buss’ Net Worth?

With a net worth of $700 million, Jeanie Buss is an accomplished American sports executive and the daughter of the late Jerry Buss, who owned the Los Angeles Lakers. Currently, Jeanie is both the President and the controlling owner of the franchise.

After the passing of Jerry Buss in 2013, Jeanie and her five siblings inherited his 66% share in the Lakers. In 2017, the siblings designated Jeanie to have full control over all decisions related to the Lakers, although each sibling continues to hold equal shares of 11% in the team. Given the Lakers’ present valuation of $6.5 billion, each 11% share is approximately valued at around $715 million.

Jeanie Buss’s journey began at 19, when she assumed the role of general manager for the Los Angeles Strings, a professional tennis team. She later acquired ownership of the roller hockey team, Los Angeles Blades, and subsequently became the president of the Great Western Forum. After her father’s death, she ascended to the vice president of the Lakers. Additionally, she co-owns and promotes Women of Wrestling (WOW).

In 2023, Jeanie won a Sports Emmy Award for her role as the executive producer of “Legacy: The True Story of the LA Lakers.”

Lakers Ownership Stake

Following Jerry Buss’ death in 2013, his six children received a family trust controlling 66% of the Lakers, translating to an approximately 11% ownership stake for each child. The valuation of the Lakers could realistically be estimated at $6.5 billion, especially considering the Phoenix Suns sold for $4 billion in late 2022. This means that each child’s 11% stake is valued at around $750 million.

Other stakeholders in the Lakers include:

• Mark Walter and Todd Boehly: 26%. These two co-founders of private equity giants Guggenheim Partners and Eldridge acquired their 27% share from AEG founder Phil Anschutz.
• Ed Roski: 8%. A billionaire real estate tycoon, Ed owns approximately 90 million square feet of commercial properties in the United States, having purchased his 8% ownership in the Lakers in 1998.

In 2017, Jeanie’s brother Johnny sought to seize control of the Lakers from her. An extended struggle ensued, ultimately resulting in Jeanie gaining even more authority over the team. Currently, she holds complete jurisdiction over all Lakers’ decisions for the family and serves as the family representative on the NBA’s Board of Governors.

Early Life and Family

Born on September 26, 1961, in Santa Monica, California, Jeanie Marie Buss was raised alongside three siblings by Joann and Jerry Buss. Her father’s rise in the real estate business began while she was still quite young. During the 1960s, Jerry made a significant investment in an apartment building located in West Los Angeles, which marked the beginning of numerous successful real estate endeavors for the Ph.D. graduate in physical chemistry. Eventually, he partnered with Frank Mariani, leading to the establishment of Mariani-Buss Associates, a firm engaged in real estate investment.

Following his divorce from Joann, Jerry’s relationship with Jeanie remained strong despite significant emotional challenges. Around this time, he started to acquire various sports franchises in the Los Angeles area, including the Los Angeles Strings, the Los Angeles Kings hockey team, and the Los Angeles Lakers. At just 14 years old, Jeanie began attending World Team Tennis meetings with her father, absorbing valuable lessons that would later influence her management of the Strings. By the age of 17, she made the decision to live with her father full-time.

Despite Jerry eventually relinquishing his controlling interest in the Kings, his attention was primarily on managing the Lakers closely as part of his series of sports acquisitions. Bussthe property after selling her home in Playa Vista for $2.575 million. Initially, she had bought the Playa Vista residence for $2.45 million in 2017. Despite the house being listed at $225,000 more than what it ultimately sold for, Buss chose to accept the reduced price. Notably, she undertook some renovations after her initial purchase to enhance its appeal to prospective buyers. This included applying a fresh coat of neutral paint and installing contemporary fixtures to give it a modern feel. The former Playa Vista home, which spans nearly 3,200 square feet of living area, is situated on a corner lot and features a flagstone patio, French doors, and a three-car garage. Additionally, Buss is said to own another property in Playa Vista, having bought a four-bedroom condo there in 2018.

Real Estate

In 2020, Jeanie acquired a new property in the Playa del Rey neighborhood of Los Angeles for $2.6 million.

The residence is conveniently located just a few miles away from Los Angeles International Airport. This four-bedroom waterfront property boasts several noteworthy features, including a pool, spa, and gym. With an area of 2,200 square feet, the home is situated within the Breakers complex, a gated community in the Playa del Rey area. This latest acquisition marks Buss’s first waterfront residence, although she has previously purchased several properties throughout the LA area.