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Jerry Reinsdorf Net Worth

Jerry Reinsdorf Net Worth

Jerry Reinsdorf net worth, wiki & biography:

Jerry Reinsdorf Net Worth $350 Million

Jerry Reinsdorf is a CPA, attorney, and sports team owner with the estimated net worth of $350 million. His professional career began as a tax attorney with the Internal Revenue Services. He began amassing when he ventured in property and took advantage of the Frank Lyon Co. v. United States decision of the Supreme Court. This allowed the economic owners of realty to sell property and rent it back while transferring the tax deduction for depreciation to the title owner. Jerry M. Reinsdorf, produced on February 25, 1936 in Brooklyn, New York, has been the head of the Chicago Bulls and White Sox for more than 20 years. Since 1981, he is the holder of the Chicago White Sox and has brought success to the franchise. It made the playoffs in 1983 and won the World Series in 2005. Despite his great success with the teams, he’s faced controversies involving his handling of essential team members, most notably Phil Jackson and Michael Jordan. Reinsdorf is a member of the board of directors of Shearson Lehman Brothers, Inc., the Northwestern University Law School Alumni Association, LaSalle Bank, Equity Office Properties as well as other corporations and charities. Now, he serves as a Life Trustee of Northwestern University. He additionally serves on the Boards of MLB Advanced Media and MLB Enterprises. He was inducted to the Appleton, Wisconsin Baseball Hall of Fame on August 5, 2006.

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