Jerry Reinsdorf Biography
Quick Facts Jerry Reinsdorf
- NameJerry Reinsdorf
- Birth PlaceBrooklyn, New York
- ProfessionNorthwestern University
- Net Worth $1.2 billion
- Married toJerry Reinsdorf
- ChildrenDavid, Susan, Michael, and Jonathan
Jerry Reinsdorf is the business tycoon and lawyer by profession. Jerry is even more famous for owning the majority of shares in the Chicago Bulls and Chicago White Sox Sports franchises. Jerry who was born in the year 1936, February 25 in Brooklyn, New York attended George Washington University and graduated with a Bachelor of Arts in the year 1957. Later he went to Northwestern University of Law and graduated taking the degree of Law in the year 1960. Jerry began his career with engaging in the Internal Revenue Service as a Lawyer.
LIFE & CAREER
Jerry Reinsdorf bio includes the major change in his life when he co-founded Balcor Co., which was the first firm established and was specialized in real-estate business. The business was a huge hit but he decided to sell it to American Express in the worth of $53 million in the year 1982. Even after his sales to American Express he was associated with the company when he ultimately left the company in the year 1987. The lawyer and former businessman tried his luck with sportsmanship in the year 1981 and bought the major league Baseball’s, White Sox. During his tenure with White Sox, he magnificently transfers the club from low division to champions in the year 1983.
Upon the huge success with the White Sox, Jerry extended his hands to another sports club Chicago Bulls in 1985. Even with the variation with the sports, he didn’t let the success fade away. With his endeavors, Chicago Bulls managed to win the National Basketball Association (NBA) championship for three times continuously from 1991 to 1993. Having the most star player along with Michael Jordan, Chicago Bulls made him one of the high profile man of the century.
Even though he had success but in the coming years he did face lots of controversies and criticism from the fan as well as from their players. Back in the days, all the players from the major league baseball went for strikes against him to increase the fair raise on their salaries which later he succeeded to deal with it. Good days followed Reinsdorf in the consecutive years 1996 to 1998 when Bulls strike back to win the titles again. But with the cold war between the head coach and Bulls management along with Michael Jordan retirement, Bulls became one of the worst team in the league during the end of the millennium.
With so much change in the team and so many efforts, Bulls did come back in the year 2005 by winning the title. Whereas White Sox also managed to win their first World Series after 88 years which led Jerry to become the second owner with having two different teams in North America to gain World Championship titles.
Concerning Jerry Reinsdorf’s married news and Jerry Reinsdorf’s wife, He tied his wedding knot with Martyl F. Rifkin on the date December 29, 1956. The couple has got four children together namely David, Susan, Michael, and Jonathan. The couple is still together while their children are busy in their respective fields. With huge success in both professional and personal life, Jerry can be considered as one of the lucky men with a net worth of $1.2 billion(2016).