Jerry Buss‘ household will not be the bulk homeowners of the NBA’s Los Angeles Lakers, a number of retailers reported in June 2025. Although neither the group nor the Buss household initially confirmed it, the sale rapidly made headlines since that they had a decades-long relationship with the basketball group. As NBA followers mirror on the conclusion of the Buss-Lakers’ skilled relationship, some are questioning how a lot cash Jerry himself paid when he purchased the group.
Under, be taught extra about Jerry, his household and his previous possession of the Lakers.
Who Is Jerry Buss?
Jerry — whose actual title was Gerald Hatten Buss — was the proprietor of the Lakers. He died in 2013 on the age of 80. The late businessman owned different sports activities franchises in California and was additionally an investor, chemist and philanthropist. After he died, Buss’ majority stake within the Lakers was handed onto his youngsters in a belief. His daughter Jeanie turned the Lakers’ governor and group consultant.
Earlier this yr, Jeanie appeared in a uncommon interview with NPR to advertise the Netflix sequence Operating Level, which parodied her profession. Whereas reflecting on her management of the Lakers, she identified, “Nearly all of companies on this nation are family-owned companies. And all people has a household. When you’re in enterprise with them, (disagreements) occur. However on the finish of the day, what brings you collectively is the group or the enterprise, and also you need to construct one thing profitable.”
“If you find yourself on the enterprise facet of a group, you will have obligations to your companions, which means your banks, your sponsors, your followers,” Jeanie continued. “You must be held accountable for the product that you simply’ve bought them on, that you’re anticipated to ship.”
Buss Household’s Internet Price
Jerry had a internet value of $700 million, in keeping with Movie star Internet Price. Throughout his life, he owned 66 % of the Lakers. It’s unclear how the 2025 billion-dollar Lakers sale may have an effect on the Buss household’s fortune, however it’s doubtless that the brood will get wealthier in time.
How A lot Did Jerry Buss Purchase the Lakers for?
In 1979, Jerry bought the Lakers from Jack Kent Cooke for $67.5 million, in keeping with a number of retailers. That quantity is equal to round $300 million in 2025.
Who Purchased the Lakers From the Buss Household?
The Buss household bought the Lakers in 2025 to Mark Walter for $10 billion, in keeping with a number of retailers.
