Jerry Reinsdorf Net Worth and His Career as Sports Owner

Many lawyers go beyond the courtroom and mark their names in the financial world. One such renowned lawyer is Jerry Reinsdorf, whose business mindset and ability to mold impossible situations into favorable ones have earned him a fortune.

Dive into the journey of knowing how much Jerry Reinsdorf net worth is and what ways he walked on to earn this much money.

This guide is about Jerry Reinsdorf biography, his early and personal life, and how much he makes up from his courtroom or outside it.

You will also learn about his awards, accolades, and business ventures. Also, learn closely how he manages his sports teams and legal practices.

Jerry Reinsdorf Net Worth

Jerry Michael Reinsdorf, popularly known as Jerry Reinsdorf, is a lawyer, businessman, CPA, and professional sports owner. He has business insights and legal expertise and possesses exceptional ownership qualities.

Knowing more about his financial background reveals his net worth. Real estate, legal practices, and sports business are his known works contributing to his annual revenue. Reinsdorf net worth is $2 billion.

Jerry Reinsdorf Investment and Assets

Since Jerry has no single income path, so are his investments, real estate, and business. Reinsdorf's biggest asset is his house, which he bought and lived with his wife in Illinois.

He has a real estate company named Balcor, which he bought in 1973 for $650 million. However, he sold the company to Lehman Brothers in 1982 for 102 dollars after nine years.

However, he remained the company’s president for the next few years. In 2013, he also founded Global Security and Innovative Strategies.

His investment also includes his sports teams, the Chicago White Sox and Chicago Bulls. Jerry bought the White Sox in 1981 for $19 million. The team had the winning title of the 2005 World Series and a record in Major League Baseball at that time. Reinsdorf leadership boosted its worth to today’s $1.9 billion.

On the other hand, Jerry’s other investment is the Chicago Bulls, which he bought in 1985 for $16 million. It has a record of winning six National Basketball Association (NBA) championships in the 90s—the team’s worth today’s $3.2 billion.

Jerry Reinsdorf Sources of Income

Reinsdorf journey shows he took many routes to gather a sizable income. It is time to recap his income sources from the beginning to the present. You must note that his sources go from practicing law and becoming a professional sports owner to investing in real estate.

Lawyer

Jerry’s career started when he moved to Chicago from Brooklyn after earning his BA undergraduate degree. He did his first job as a CPA, registered mortgage underwriter, lawyer, and certified review appraiser. He did not stop there and went a step ahead.

He earned his Law degree at Northwestern University in 1960 and started his legal practice as a tax attorney for the Internal Revenue Service (IRS). He handled the tax delinquency case of Bill Veeck, who owned the White Sox at that time.

However, Jerry seemed unsatisfied working under his boss and started his legal practice in 1964. His work was to develop tax-free zones for clients, solve complicated tax laws, and find solutions to reduce tax obligations. His work brings him vast amounts of revenue.

Sports Business

Becoming a sports owner or leading baseball teams might not be in Reinsdorf’s career. But he entered the field and proved successful. His business insights have led him to where he is today.

You must not believe it, but Jerry was also a spectator of the Brooklyn Dodgers, a baseball team, when Jackie Robinson made his debut. Maybe the sight is one of the reasons for him buying sports teams.

Despite being a lawyer, Jerry went beyond the courtroom and owned the Chicago White Sox and Chicago Bulls. Both teams bring a lot of revenue through ticket sales, sponsorships, and merchandise. Jerry has enjoyed ownership of two teams for more than 45 years.

Throughout his career, he faced success and controversies. For instance, the recent Jerry Reinsdorf press conferences declare that 2025 is an unacceptable year for the White Sox regarding its continuous failure.

People have shown frustration regarding how Reinsdorf handles both teams and its members, such as Phil Jackson and Michael Jordan. They prepared Jerry Reinsdorf clown as an expression that he mistreats his team members and fails as an owner.

Early and Personal Life

Jerry Michael Reinsdorf was born to a Jewish family on 25 February 1936. His father was a sewing machine salesman. Jerry homeland is Brooklyn, New York, where he completed his High school education at Erasmus Hall High School.

Later, Reinsdorf enrolled at George Washington University, Washington DC, for his undergraduate degree, a Bachelor of Arts/Science. He also became a member of Alpha Epsilon Pi (AEPi), a college fraternity at New York University (NYU), and teaches brotherhood, leadership, and academic excellence lessons.

Jerry moved to Chicago and did his first mortgage underwriter or CPA job. He also received a full-fledged sponsorship for his higher studies in Law at Northwestern University School of Law in 1960.

In 1956, Jerry was a student, and he married his classmate. Jerry Reinsdorf's wife is Martyl Rifkin; she has been no more since 2021. However, the couple has children. Jerry Reinsdorf's sons are four in number.

Achievements and Awards

Here is a list of his achievements and awards that he received throughout his career.

1. Chicago Sports Hall of Fame
2. The Chicagoland Sports Hall of Fame
3. The Jewish Sports Hall of Fame
4. The American Academy of Achievement’s 1990 Golden Plate Award
5. Jefferson Award for Public Service (2011)
6. As the owner of the Chicago Bulls, Jerry was honored as a Six-time NBA Championship
7. As the owner of the White Sox, Reinsdorf was awarded the 2005 World Series Championship

Wrapping Up | Jerry Reinsdorf Net Worth

Jerry Reinsdorf’s hard work, efforts, and dedication as a lawyer and businessperson are noteworthy. His net worth of $2 billion reflects that passion requires no degree. He has marked his name among his contemporaries.

FAQs

Where does Jerry Reinsdorf live?

Jerry Reinsdorf's house is in Northfield, Illinois, a suburb of Chicago. The area comprises 4,778 square feet of space and has two bedrooms, a grand entrance, a swimming pool, and a spa.

Who did Jerry Reinsdorf buy the Sox from?

Jerry Reinsdorf bought Sox from Bill Veeck on January 29, 1981.

What teams does Jerry Reinsdorf own?

Jerry Reinsdorf owns the Chicago White Sox and the Chicago Bulls.