Who Is Jerry Reinsdorf? Age, Biography and Wiki
Born on February 25, 1936, Jerry Reinsdorf is an influential American sports executive known for his remarkable contributions to Major League Baseball (MLB) and the NBA. As of 2025, Reinsdorf is 89 years old and continues to play a significant role in sports management as the owner of the Chicago White Sox and the Chicago Bulls. His dedication to revitalizing teams and fostering community engagement has solidified his reputation in the sports industry.
| Occupation | Sports Executive |
|---|---|
| Date of Birth | February 25, 1936 |
| Age | 89 Years |
| Birth Place | New York City, U.S. |
| Horoscope | Pisces |
| Country | U.S |
Popularity
Jerry Reinsdorf's Popularity over time
Height, Weight & Measurements
While Jerry Reinsdorf is primarily recognized for his achievements in sports, he maintains a private lifestyle away from the limelight. As of 2025, his height is approximately 5 feet 10 inches (178 cm), and he weighs around 180 pounds (82 kg). His exact body measurements aren't publicly documented, reflecting Reinsdorf's preference for a low-profile personal life.
Reinsdorf worked as an IRS lawyer after graduating from Northwestern in 1960, where his first case concerned the tax delinquency of Bill Veeck, who at the time owned the White Sox. In 1964, he went into private practice. He developed a specialty in real estate partnership tax shelters.
He sold his business interests in the real estate partnership in 1973 and formed Balcor, which raised US$650 million to invest in buildings under construction. He sold Balcor in 1982 for $102 million to Shearson Lehman Brothers, the investment banking and brokerage arm of American Express.
However, he continued to be President of the company for several years thereafter.
Family, Dating & Relationship Status
Jerry Reinsdorf is married to his wife, Mary, and the couple has shared a committed relationship for many years. They have three children together, fostering a loving family environment. Reinsdorf's dedication to his family is evident, and he often emphasizes the importance of family values in interviews. There are no public details regarding any romantic relationships outside of his marriage.
Net Worth and Salary
As one of the prominent sports executives in America, Jerry Reinsdorf's net worth is estimated to be around $1.5 billion in 2025. His wealth primarily stems from his ownership of the Chicago White Sox and the Chicago Bulls, alongside his smart business endeavors and investments in various ventures over the years. Reinsdorf's annual salary, while not publicly disclosed, is believed to be substantial, keeping in line with his status in the sports industry.
Jerry Michael Reinsdorf (born February 25, 1936) is an American sports executive and businessman who is the owner of the NBA's Chicago Bulls and MLB's Chicago White Sox. He started his professional life as a tax attorney with the Internal Revenue Service. He has been the owner of the White Sox and Bulls for nearly 40 years. As of May 2024, his net worth was estimated at US$2.2 billion.
Career, Business and Investments
Jerry Reinsdorf's career took off in the 1980s when he purchased the Chicago White Sox in 1981. Under his guidance, the team experienced success, including winning the World Series in 2005. In 1985, he also acquired the Chicago Bulls, leading them during the Michael Jordan era, which brought unparalleled success with six championships in eight years.
Beyond sports, Reinsdorf has engaged in various business investments, including real estate and entertainment ventures, making him an astute businessman. His legacy in professional sports intertwines with his entrepreneurial spirit.
He made his initial fortune in real estate, taking advantage of the Frank Lyon Co. v. United States decision by the United States Supreme Court, which allowed economic owners of realty to sell property and lease it back, while transferring the tax deduction for depreciation to the title owner.
Social Network
Jerry Reinsdorf is not particularly active on social media platforms. However, he occasionally shares his insights through official team channels and press releases. His focus on traditional business practices and public appearances during significant events keeps his public persona active without his direct involvement in social media.
In 1985, he purchased the Chicago Bulls as part of a syndicate for US$16 million, following in the footsteps of Einhorn, who had purchased the United States Football League's Chicago Blitz franchise in 1984. In the months prior to the purchase, Milwaukee businessman Marvin Fishman had been awarded a $16.2 million judgment against the Bulls.
Fishman had been illegally blocked from purchasing the team in 1972. Reinsdorf purchased the team from an ownership group that included Lamar Hunt, George Steinbrenner, Walter Shorenstein, Jonathan Kovler, Lester Crown, Philip Klutznick, and the estate of Arthur Wirtz, and he held a $9.2 million controlling interest in the team.
Reinsdorf's share of 56.8% of the team was purchased from Klutznick, Steinbrenner, Shorenstein and the estate of Wirtz. His purchase ended an era in which the Bulls were managed by committee with decisions by conference call, verdicts by vote.
Reinsdorf acquired his majority interests on March 11, 1985, and Kovler sold his 7% stake in the team on January 29, 1986, bringing Reinsdorf's interest to 63%. The following week Reinsdorf ousted Rod Thorn as general manager and replaced him with Jerry Krause.
Education
Reinsdorf holds a law degree from the Brooklyn Law School, which he obtained in 1960. His educational background has equipped him with the necessary skills to navigate the complex landscape of sports management. He also holds a Bachelor's degree in Accountancy from the State University of New York at Buffalo, providing a solid foundation for his career in business and sports.
He attended Erasmus Hall High School in Brooklyn, and is the son of a sewing machine salesman. Reinsdorf was in the stands the day Jackie Robinson debuted for the Brooklyn Dodgers, "breaking the color barrier" as the first black player permitted by white ownership.
