Jerry Reinsdorf Net Worth is$350 Million
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Profession: Lawyer, Businessperson

Date of Birth: Feb 25, 1936

Country: United States of America

Jerry Reinsdorf is a lawyer, born in Brooklyn, New York, who has an estimated net worth of $350 million dollars. Jerry Reinsdorf is the owner of both the Chicago White Sox and the Chicago Bulls. He has been the head of both teams for 20 years and has met with both great success and controversy regarding his handling of key team members, most notably Phil Jackson and Michael Jordan.
Jerry M. Reinsdorf (born February 25, 1936) is a CPA, lawyer and an owner of the MLB's Chicago White Sox and the NBA's Chicago Bulls. He started his professional life as a tax attorney with the Internal Revenue Service. He has been the head of the White Sox and Bulls for over 20 years.
He made his initial fortune in real estate, taking advantage of the Frank Lyon Co. v. United States decision by the United States Supreme Court which allowed economic owners of realty to sell property and lease it back, while transferring the tax deduction for depreciation to the title owner.
As the owner and Chairman of the Chicago Bulls since 1985, he has turned the franchise into a lucrative business that won six NBA Championships in the 1990s (1991-1993 and 1996-1998). He is controversial for his involvement (along with Jerry Krause) in breaking up the championship team by not hiring back key personnel such as Phil Jackson and Michael Jordan. He hired Jordan as a baseball player during his sabbatical from basketball. He also moved the Bulls from Chicago Stadium to the United Center.
As a baseball owner since 1981, he has brought success to the White Sox franchise. The franchise made the playoffs in 1983 for the first time since 1959 and won the World Series in 2005 for the first time since 1917. He moved the White Sox from Comiskey Park to New Comiskey Park and then renamed the new park U.S. Cellular Field. In both sporting endeavors, he has developed a reputation as an anti-labor union hardliner. Since the early 1990s, he has been considered one of the most, if not the most, influential basketball owners. He has been influential in instituting the salary cap and revenue sharing. He has also shaped the modern era of basketball by organizing the lucrative internet arm of basketball.
Reinsdorf was born to a Jewish family in Brooklyn, New York. He attended Erasmus Hall High School in Brooklyn, and he was the son of a sewing machine salesman. A life-long baseball fan who g

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Jerry Reinsdorf Latest News

Sox chairman Jerry Reinsdorf still in it to win it

Jerry Reinsdorf pulls out a cigar from his humidor, sits back in his office chair, takes a puff and slowly exhales, with a cloud of smoke billowing in the air. He’s 81 years old and has owned the White Sox for nearly half his life. He purchased the ...
Posted: August 15, 2017, 6:35 pm

Cubs give former manager Rick Renteria a World Series ring

White Sox owner Jerry Reinsdorf agreed, telling USA TODAY Sports: "I thought it was pretty classy of them." The Cubs, who were 73-89 under Renteria, defeated the Indians to win their first World Series since 1908.
Posted: August 17, 2017, 10:44 am

Ozzie Guillen Follows Up On Jerry Reinsdorf Comments: ‘Don’t Know Who I Burned A Bridge With’

(CBS) Several days after chairman Jerry Reinsdorf squashed any theory that Ozzie Guillen might someday return as White Sox manager, Guillen has responded by indicating he’s uncertain of “To be honest with you, I don’t know who I burned a bridge with ...
Posted: August 17, 2017, 8:29 am

White Sox GM Rick Hahn on rebuild: World Series title is the only goal

Something had to change, so a rebuild began. While Hahn, executive vice president Kenny Williams and owner Jerry Reinsdorf decided on trading starter Chris Sale to begin the overhaul, he said the market at the trade deadline didn’t provide the return ...
Posted: August 15, 2017, 9:35 am

Rebuilding White Sox waiting for tide to rise

The plan was greenlighted by 81-year-old White Sox owner Jerry Reinsdorf. Most owners in his shoes would sell out to win, but Reinsdorf has kept the big picture in mind. “The decision I made was that I can’t be a factor in this thing,” Reinsdorf told ...
Posted: August 19, 2017, 3:57 pm
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