Jerry Reinsdorf is a remarkable American billionaire businessman best known as the owner of the NBA’s Chicago Bulls and MLB’s Chicago White Sox.
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Jerry Michael Reinsdorf was born on February 25, 1936, in New York, New York, United States into a Jewish family. His father had worked as a sewing machine salesman. He schooled at Erasmus Hall High School in Brooklyn.
Jerry Reinsdorf went on to receive a bachelor’s degree from George Washington University in Washington, D.C. He later moved to Chicago in 1957 and then became a CPA and lawyer as well as a registered mortgage underwriter and a certified review appraiser.
Jerry Reinsdorf began his professional career as a tax attorney with the Internal Revenue Service. He made his initial fortune in real estate after he resorted to taking advantage of the Frank Lyon Co. v. United States decision by the United States Supreme Court.
Jerry Reinsdorf has been the owner of the White Sox and Bulls for over 35 years. He is still considered one of the most influential basketball owners. He has been elected to the Naismith Memorial Basketball Hall of Fame as a contributor on April 4, 2016.
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Jerry Reinsdorf is the father of Michael Andrew Reinsdorf, David Reinsdorf (deceased), Susan Janeen Reinsdorf and Jonathan Milton Reinsdorf. He has a net worth estimated at US$1.8 billion.
How did Jerry Reinsdorf make his fortune?
In his earlier years, Jerry Reinsdorf made his fortune in real estate after he resorted to taking advantage of the Frank Lyon Co. v. United States decision by the United States Supreme Court.
Jerry Reinsdorf made a fortune in sports by pvrcgasing Chicago teams in the 1980s. He invested and then watched values skyrocket over the next three decades. He was the leader of the the group that bought the Chicago White Sox baseball team in 1981 for $19 million and as of now, he still owns an estimated 19% stake.
How did Jerry Reinsdorf make all his money?
In his earlier years, Jerry Reinsdorf made his fortune in real estate after he resorted to taking advantage of the Frank Lyon Co. v. United States decision by the United States Supreme Court.
Jerry Reinsdorf made a fortune in sports by pvrcgasing Chicago teams in the 1980s. He invested and then watched values skyrocket over the next three decades. He was the leader of the the group that bought the Chicago White Sox baseball team in 1981 for $19 million and as of now, he still owns an estimated 19% stake.
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