How rich is Jerry Reinsdorf?
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Jerry M. Reinsdorf (created February 25, 1936) is a CPA, attorney and an owner of the NBA’s Chicago Bulls and the MLB’s Chicago White Sox. He began his professional life as a tax lawyer together with the Internal Revenue Service. He’s become the head of the White Sox and Bulls for over 25 years. He could be contentious for his participation (along with Jerry Krause) in breaking up the tournament team by not hiring back essential staff including Phil Jackson and Michael Jordan. He also transferred the Bulls from Chicago Stadium to the United Center.
As a baseball owner since 1981, he’s brought success to the White Sox franchise. He transferred the White Sox from Comiskey Park to New Comiskey Park and after that renamed the newest park U.S. Cellular Field. In both athletic efforts, he’s acquired a reputation as an anti-labor union hardliner. Because the early 1990s, he continues to be regarded as among the most, or even the most, powerful basketball owners. He’s been powerful in instituting the salary cap and revenue sharing. He’s also shaped the modern era of basketball by arranging the money-making web arm of basketball.