Quick Facts
- Source of Wealth: MLB, NBA
- Age: 87 years old
- Birthplace: 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
An American lawyer and businessman best known as the owner of the NBA’s Chicago Bulls and the Major League Baseball’s Chicago White Sox.
How much is the Net worth of Jerry Reinsdorf?
Jerry Reinsdorf has a net worth of $1.5 billion dollars as a lawyer, CPA, and professional sports owner. Jerry Reinsdorf is best known as the owner of the Chicago White Sox and the Chicago Bulls. He has been the head of both teams for more than 35 years, and his handling of key team members, most notably Phil Jackson and Michael Jordan, has resulted in both great success and controversy.
Early life and Education
Reinsdorf was born in Brooklyn, New York to a Jewish family. He was the son of a sewing machine salesman and attended Erasmus Hall High School in Brooklyn. A lifelong baseball fan who grew up in the shadow of Ebbets Field, Reinsdorf was in the stands when Jackie Robinson made his debut for the Brooklyn Dodgers, “breaking the color barrier” as the first Black player permitted by white ownership.
Reinsdorf received his bachelor’s degree from George Washington University in Washington, D.C., where he joined Alpha Epsilon Pi. He later relocated to Chicago in 1957. Reinsdorf went on to become a CPA, a lawyer, a registered mortgage underwriter, and a certified review appraiser.
He converted a full scholarship offer from the University of Chicago Law School into one from Northwestern University School of Law. His first job after graduating from Northwestern in 1960 was working on a tax delinquency case for Bill Veeck, who owned the White Sox at the time.
Reinsdorf went into private practice in 1964. He specialized in real estate partnership tax shelters. In 1973, he sold his business interests in the real estate partnership and founded Balcor, which raised US$650 million to invest in under-construction buildings.
He sold Balcor to Shearson Lehman Brothers, American Express’ investment banking and brokerage arm, for $102 million in 1982. Nonetheless, he remained President of the company for several years after that.
Short Bio about Jerry Reinsdorf:
He was born into a Jewish household. His father was a salesman of sewing machines. Erasmus Hall High School in Brooklyn was where he finished high school. He graduated from George Washington University with a bachelor’s degree.
He began his career as a tax attorney with the Internal Revenue Service. Also, he has been the owner of the White Sox and Bulls for over 25 years. Since the early 1990s, he has been regarded as one of the most powerful basketball owners.
When it comes to his marital status, he is entwined with his life’s love. She appears to be very supportive of him. So far, there has been no report of him having an extramarital affair with anyone, proving that he is very faithful to his wife. The couple has four children, but he had to deal with the untimely death of his eldest son.
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