Jeanie Buss, aged 63, stands as a formidable figure in the sports industry with a net worth estimated at $700 million. As the President and controlling owner of the Los Angeles Lakers, Buss inherited a 66% stake in the team from her father, Jerry Buss, in 2013. Under her leadership, the Lakers have continued to thrive, maintaining their position as one of the most valuable franchises in the NBA, currently valued at $6.5 billion.
How Did Jeanie Buss Begin Her Career?
Jeanie Buss’s journey into the world of sports management began early. At just 19 years old, she was appointed general manager of the Los Angeles Strings, a professional tennis team. Her hands-on experience managing a sports team set the foundation for her future endeavors. She later became the owner of the Los Angeles Blades, a roller hockey team, before moving on to manage the Great Western Forum, the home stadium for the Lakers at the time. This role gave her invaluable experience in sports operations and venue management.
What Challenges Did Jeanie Face in Leading the Lakers?
When Jerry Buss passed away in 2013, Jeanie and her siblings inherited a significant stake in the Lakers. However, the path to leadership was not without its challenges. In 2017, Jeanie faced a legal battle with her brothers, Jim and Johnny Buss, over control of the Lakers. Despite the internal family struggle, Jeanie emerged victorious, gaining full control over the team’s operations. This decisive victory solidified her position as the driving force behind the Lakers, enabling her to steer the franchise according to her vision.
What Major Decisions Has Jeanie Made for the Lakers?
Since assuming control, Jeanie Buss has made several impactful decisions that have shaped the Lakers’ future. One of her most notable moves was the dismissal of her brother Jim Buss from his role as Vice President of Basketball Operations and the firing of General Manager Mitch Kupchak in 2017. This marked a significant shift in the team’s management structure and strategy, paving the way for the hiring of Magic Johnson and Rob Pelinka. Under her leadership, the Lakers signed LeBron James in 2018, a decision that rejuvenated the team’s competitive edge and contributed to their 2020 NBA Championship win.
What Other Ventures Has Jeanie Buss Pursued?
Beyond the Lakers, Jeanie Buss has expanded her influence in the sports and entertainment industry. She is the co-owner and promoter of Women of Wrestling (WOW), a professional wrestling organization. This venture reflects her passion for diversifying entertainment options and promoting women’s sports. Additionally, Buss’s role as an executive producer for “Legacy: The True Story of the LA Lakers” earned her a Sports Emmy Award in 2023, showcasing her ability to excel in both business and creative pursuits.
How Has Jeanie Buss’s Personal Life Influenced Her Career?
Jeanie Buss’s personal life has seen its share of public interest, particularly her relationships with high-profile individuals. She was married to professional volleyball player Steve Timmons in 1990, but the marriage ended in 1993, which she later attributed to prioritizing her career over her personal life. Buss then dated Phil Jackson, the Lakers’ former head coach, from 1999 until their split in 2016. In 2023, Buss married comedian Jay Mohr, bringing a new chapter to her personal life. Her resilience in her personal and professional life reflects her determination and commitment to her roles.
What Are Jeanie Buss’s Real Estate Investments?
Jeanie Buss has also made notable real estate investments over the years. In 2019, she sold her home in Playa Vista, Los Angeles, for $2.575 million. This property, which she originally purchased in 2017 for $2.45 million, was upgraded before its sale, reflecting her keen sense of investment. In 2020, Buss acquired a waterfront property in Playa del Rey for $2.6 million. This residence features a pool, spa, and gym, highlighting her preference for comfort and luxury. These investments not only signify her financial acumen but also her connection to Los Angeles, the city closely tied to her and the Lakers’ legacy.
What Legacy Will Jeanie Buss Leave Behind?
Jeanie Buss’s legacy is one of resilience, leadership, and innovation. Her strategic decisions have not only preserved but also enhanced the Lakers’ brand and competitive stature in the NBA. As a trailblazer for women in sports management, she has paved the way for future generations, demonstrating that leadership is about vision, perseverance, and adaptability. Buss continues to shape the future of the Lakers and the sports industry, leaving a lasting impact that transcends the court.
Jeanie Buss’s journey from managing a tennis team at 19 to leading one of the most iconic franchises in sports is a testament to her dedication and business acumen. With a net worth of $700 million and a lifetime of achievements, she continues to break barriers and set new standards in the world of sports and entertainment. Her story is not just one of inherited wealth and opportunity, but of making bold choices, facing challenges head-on, and defining her legacy on her own terms.