Jerry Reinsdorf
$2.3B
Born
Feb 25, 1936
Age
89
Source of Wealth
Sports teams
Residence
Chicago, Illinois
Citizenship
United States
Marital Status
Married
Children
4
Education
Bachelor of Arts/Science, George Washington University; Law Degree, Northwestern University
- Jerry Reinsdorf made a fortune in sports, buying Chicago teams in the 1980s and watching values skyrocket over the next three decades.
- Reinsdorf led a group that bought the Chicago White Sox baseball team in 1981 for $19 million. He still owns an estimated 19% stake.
- He and investors bought a controlling stake in the NBA's Chicago Bulls for $9.2 million in 1985, one year after the team drafted Michael Jordan.
- Four decades and 33 years later, the Bulls are worth $5 billion; Reinsdorf owns an estimated 40%.
- He made his first fortune in real estate, cofounding Balcor Company in 1973 and selling it nine years later to American Express.
- Reinsdorf reportedly got his start as a tax attorney for the IRS.
| Exchange | Ticker | Company Name | Number Of Shares | Share Price | Currency Code |
|---|