With the Los Angeles Lakers having offered a majority of its stake to Mark Walter, CEO and chairman of holding firm TWG World, for US$10b (£7.44 billion), many within the trade are turning their heads to present Lakers’ proprietor Jeanie Buss, the daughter of the late Jerry Buss.
This newest transfer is taken into account the largest in sports activities historical past, surpassing the earlier document of US$6b (£4.47b) when the Boston Celtics had been offered off.
Who Are Jerry and Jeanie Buss
Jerry Buss was a chemist-turned-real property mogul who earned a PhD in bodily chemistry from USC. After investing in properties with accomplice Frank Mariani, he purchased the LA Lakers, Sacramento Kings, Discussion board area, and a big ranch for $67.5 million (£50.25 million) in 1979. Beneath his possession, the Lakers turned ‘Showtime,’ successful 10 NBA championships and dominating the Nineteen Eighties.
In the meantime, Jeanie Buss entered the family business by way of professional tennis and hockey groups, later turning into the Lakers’ president and controlling proprietor after Jerry Buss’s dying in 2013.
Internet Price of Father-Daughter Duo
On the time of his dying in 2013, Jerry Buss was worth about $700 million (£521.08 million), due to his actual property empire and the Lakers—together with possession of groups just like the WNBA crew Los Angeles Sparks, indoor soccer crew Los Angeles Lazers, and the Strings tennis franchise.
In the meantime, Jeanie Buss’s web price is estimated between $700 million (£521.08 million) and $1 billion (£740 million) as of 2025, primarily from her Lakers stake. Past basketball, Jeanie managed the Los Angeles Strings at 19, owned curler‑hockey and wrestling ventures—together with ‘Girls of Wrestling’—and holds actual‑property belongings in California.
The Legacy of the Buss Household
The Buss household’s legacy is integral to the Los Angeles Lakers’ storied rise. Jerry Buss’s 1979 acquisition remodeled the crew into an entertainment-driven powerhouse, pioneering ‘Showtime’ basketball, courtside glam, and premium seating—resulting in 10 championships underneath his visionary management.
His emphasis on spectacle and participant belief cast a particular Lakers identification rooted in household tradition. Following his 2013 passing, daughter Jeanie Buss assumed management, sustaining her father’s ethos whereas steering the crew to the 2020 championship because the NBA’s first feminine controlling proprietor.
Their twin generational impression—melding innovation, stability, and success—has cemented the Lakers as a worldwide sports activities icon.
Because the franchise transitions to new management, Buss’s affect stays woven into the organisation, symbolising a legacy of innovation, leisure, and championship pedigree that may information the Lakers into their subsequent period.
