From the Editor
  • 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.
  • Six championships and 33 years later, the Bulls are worth $2.5 billion net of debt; Reinsdorf still 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.
Wealth History
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Personal Stats
Age
88
Source of Wealth
Sports teams, Self Made
Residence
Chicago, Illinois
Citizenship
United States
Marital Status
Married
Children
4
Education
Bachelor of Arts/Science, George Washington University; Law Degree, Northwestern University
Did you know
Reinsdorf reportedly got his start as a tax attorney for the IRS.
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