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Jerry Reinsdorf, a popular businessman, and lawyer from America is famous for his ownership of popular franchises such as Chicago Bulls and Chicago White Sox Sports. He was a massive fan of the sport which is why he bought the teams in both franchises and lead them to massive success. His tenure of Chicago red bulls started in 1985. With the ownership of Jerry, Chicago Red Bulls went on to have the best success period of their decade. They won six NBA championships in the ’90s.
|February 35, 1936
|Brooklyn, New York
|Father: Max Reinsdorf
Mother: Marion Reinsdorf
|David Reinsdorf, Michael Andrew Reinsdorf, and Jonathan Milton Reinsdorf
|Susan Janeen Reinsdorf
Jerry Reinsdorf was born February 35, 1936 in Brooklyn, New York, to a Jewish family. February-born Jerry has the star sign of Pisces. He was born to his father Max Reinsdorf and his mother Marion Reinsdorf.
Regarding education, Jerry first attended Erasmus High School in Brooklyn. He later went to George Washington University. Furthermore, in 1960, Jerry received his law degree from Northwestern University.
Jerry Reinsdorf started his career as a lawyer for Internal Revenue Service. His first case was related to then-White Sox owner, Bill Veeck. Bill Veeck was accused of Tax delinquency. In 1973, Jerry created a private organization called Balcor who invested 650 million in real estate.
In 1982, he sold Balcor for a capital gain of over $100 million. Jerry along with his partners purchased White Sox for $19 million. The White Sox won the Major League Baseball, the first time after 88 years. In 1985, Jerry and his partners purchased Chicago Red Bulls for just $16 million. They won the NBA championship for three straight years from 1991 to 1994.
In 2013, due to the immense contribution to sports, Jerry Reinsdorf received a lifetime achievement award and he also received the Naismith Memorial Basketball Hall of Fame in 2017.
Jerry Reinsdorf has received lots of criticism from both the fan base of the White Sox and the Chicago Red Bulls for his ruthless and selfish ownership. However, his staffs and employees are very loyal to him. Even the coaches he fired thought of him as genius and generous.
Talking about his hobbies and interests, Jerry was really passionate and interested in baseball and basketball from a very early age. Despite the massive popularity, Jerry Reinsdorf is not active on any social media platform.
Jerry Reindorf married in 1956 to Martyl Rafikin. The couple has three sons, David Reinsdorf, Michael Andrew Reinsdorf, and Jonathan Milton Reinsdorf whereas they also have a daughter, Susan Janeen Reinsdorf. Moreover, they have eight grandchildren altogether.
Besides, Jerry is very private and secretive regarding his family which is why there is not much information about his family.
Jerry Reindorf’s path to billionaire started first when he bought Balcor company to invest in real estate and sold him for more than $100 million profit.
He purchased White Sox for $19 million and led the team to their first-ever glory for more than 80 years, Currently, Chicago White Sox has a net worth of $1.9 Billion. Jerry still owns 19% ownership on the team
In 1985, Jerry purchased Chicago Red Bulls for $9.9 million with some of his partners. After a period of glorious success, Chicago Red Bulls currently have a net worth of $3.9 billion as of 2021.
The main source of income of Jerry Reindorf is from his ownership of the mega global sports franchise in the USA. Jerry Reindorf has a net worth of $1.7 billion as of 2021 according to reliable website Forbes.