Jerry Colangelo Net Worth
Jerry Colangelo net worth is currently unknown. The former NBA executive stepped down as Chairman of Basketball Operations of the Philadelphia 76ers on December 31, 2018. However, he remained in the role as a special adviser to the managing partner. The 76ers later hired Colangelo’s son Bryan to be the team’s general manager and president of basketball operations.
Born in Chicago Heights, Illinois, Jerry Colangelo has worked in a variety of industries throughout his career. His love of sports started when he was a young boy. He delivered newspapers for extra cash and was the recipient of 66 athletic scholarships. He went on to earn a degree in physical education and achieved All-Big-Ten honors. After graduation, Colangelo worked as a team chief and director of marketing for The Bulls. He later became the team’s general manager and president and CEO. He is a strong believer in Jesus Christ.
In addition to his business interests, Colangelo is a philanthropist. His charitable efforts include the National Italian American Foundation, which promotes the Italian and American cultures. As a result of his involvement in various organizations, his net worth is considerable. Jerry Colangelo’s family has always been a major part of his life.
The net worth of Jerry Colangelo is estimated to reach $320 million by February 2022. The former owner of the Phoenix Suns and a four-time NBA Executive of the Year, Colangelo is currently earning over $4 million per year. He also has a son, Bryan. Colangelo has been involved in the sports industry for several decades. In fact, he is a successful author of an autobiography called “How You Play the Game”.
While growing up in a middle class family, Colangelo showed early athletic talent, excelling at basketball and baseball. He later went on to play for the University of Kansas before transferring to the University of Illinois. While there, he was named All-Big-Ten and named the team captain. He eventually graduated with a BA in physical education.
As a sports executive, Colangelo has an estimated net worth of $300 million. Born in 1939, he currently lives in Illinois, United States. His career has spanned four decades, and he has owned the NBA’s Phoenix Suns, WNBA’s Phoenix Mercury, CFL’s Arizona Sandsharks, the Arena Football League’s Arizona Rattlers, and MLB’s Arizona Diamondbacks.
Colangelo first started his career with the Chicago Bulls. He later became the team’s first general manager. He then went on to serve as head coach for the Phoenix Suns between 1970 and 1974. In 1984, Colangelo purchased a controlling interest in the Suns and became the team’s owner. He remained with the team until 1995.