Jerry Reinsdorf Height, Weight, Religion, Net Worth, Age, Biography

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Jerry Reinsdorf (Jerry Michael Reinsdorf)

Last Updated: 28 Mar, 2024 | Views: 375

Age: 88

Profession: Business Men

Other Profession(s): Lawyer, Businessperson

Famous For: Majority Owner Of The Chicago Bulls And Chicago White Sox Sports Franchises.

Higher Education: Graduated

Jerry Reinsdorf Religion, Birthday, Age

Date of Birth

25 Feb, 1936 (88 Years 07 Months 20 Days)

Birth Country

United States

Birth State/Province

New York

Birth District

New York City

Birth Place

Brooklyn

Birth Sign

Pisces

Religion

Jewish

Nationalities

American

Jerry Reinsdorf Early life, Education, Career, Awards, Achievements, Controversy, Unknown Facts

About (Profile/Biography):
Jerry Michael Reinsdorf was born on February 25, 1936. He owns the NBA's Chicago Bulls and MLB's Chicago White Sox. Initially, he worked for the Internal Revenue Service as a tax attorney. It has been over 35 years since he became the owner of the White Sox and Bulls. He was estimated to have a net worth of $1.7 billion as of November 2021. He made his first fortune when the Supreme Court decided Frank Lyon Co. v. United States, allowing economic property owners to sell properties and lease them back while transferring depreciation tax deductions to title owners.
Jerry Reinsdorf Career:
Jerry Reinsdorf Early Business Career
Jerry Reinsdorfworked as a tax delinquency attorney for White Sox owner Bill Veeck after graduating from Northwestern in 1960. He entered private practice in 1964. He specialized in real estate partnership tax shelters. In 1973, he sold his business interests in the real estate partnership and formed Balcor, which raised US$650 million to invest in new buildings.
Balcor was sold to Shearson Lehman Brothers, an American Express investment bank and brokerage firm, for $102 million in 1982. He remained the company's President for several years after that.
Jerry Reinsdorf New Purchases
Jerry Reinsdorfpurchased the White Sox for $19 million in 1981. American National Bank facilitated the purchase through a limited partnership. His predecessors included the eccentric White Sox owner Charles Comiskey, a miser, and Veeck, a prankster who traded away promising prospects to gut the team.
Jerry Reinsdorf Legacy
Major League Baseball Advanced Media (aka BAM) was established in 2000 by Reinsdorf to share revenue between all teams in the internet rights market.
Jerry Reinsdorf Awards:
• Sports ownership
• Six-time NBA champion
• 2005 World Series champion
• Three-time Midwest League champion
• Halls of Fame
• Naismith Memorial Basketball Hall of Fame
• Appleton, Wisconsin Baseball Hall of Fame
• American Academy of Achievement Golden Plate Award 1990
• 2011 Jefferson Award for Public Service