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Jerry Reinsdorf Net Worth

Jerry Reinsdorf Net Worth

Net Worth: $350 Million

Statistics
  • Source of Wealth MLB, NBA
  • Birth Place February 25, 1936
  • Marital Status Married to Martyl Rifkin Reinsdorf
  • Full Name Jerry M. Reinsdorf
  • Nationality United States
  • Date of Birth February 25, 1936
  • Ethnicity Jewish
  • Occupation CPA, Lawyer, and Owner of Chicago Bulls and Chicago White Sox
  • Education George Washington University, Northwestern University School of Law and Illinois College
  • Children David Jason, Susan Janeen, Michael Andrew and Jonathan Milton
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About Jerry Reinsdorf

Jerry Reinsdorf is a CPA, lawyer, and sports team owner with an estimated net worth of $350 million. His professional career began as a tax attorney with the Internal Revenue Services. He started accumulating when he ventured in real estate and took advantage of the Frank Lyon Co. v. United States decision of the Supreme Court. This allowed the economic owners of realty to sell property and lease it back while transferring the tax deduction for depreciation to the title owner.

Jerry M. Reinsdorf, born on February 25, 1936 in Brooklyn, New York, has been the head of the Chicago Bulls and White Sox for more than 20 years. Since 1981, he is the owner of the Chicago White Sox and has brought success to the franchise. It made the playoffs in 1983 and won the World Series in 2005. He was the owner of the Chicago Bulls since 2005 and led the team to six NBA Championships from 1991 to 1993, and between 1996 and 1998. Despite his great success with the teams, he has faced controversies regarding his handling of key team members, most notably Phil Jackson and Michael Jordan.

Reinsdorf has been a member of the board of directors of Shearson Lehman Brothers, Inc., the Northwestern University Law School Alumni Association, LaSalle Bank, Equity Office Properties as well as other corporations and charities. Currently, he serves as a Life Trustee of Northwestern University. He also serves on the Boards of MLB Advanced Media and MLB Enterprises. He was inducted into the Appleton, Wisconsin Baseball Hall of Fame on August 5, 2006.