Jerry Colangelo net worth
Jerry Colangelo Net Worth: Jerry Colangelo is an American businessman and sports executive with a net worth of $300 million. In a career spanning four decades, Jerry Colangelo has been the owner of many prominent sports teams such as the NBA’s Phoenix Suns, WNBA’s Phoenix Mercury, and the Continental Indoor Soccer League’s Arizona Sand Sharks , the Arizona Diamondbacks of the Arena Football League and the Arizona Diamondbacks of the MLB.
Born on November 20, 1939, in Chicago Heights, Illinois, he began his professional basketball career with the Chicago Bulls as director of marketing, scout and assistant to team president. Since then, he has become known for his no-nonsense ownership style. When personal problems with some players, like the Suns’ Dennis Johnson and Jason Kidd, were made public, they were either traded or released. As an athletic director, Jerry Colangelo played a key role in moving the NHL’s Winnipeg Jets to Phoenix to become the Phoenix Coyotes. In addition, he was named director of USA Basketball in 2005, when they represented the United States at the 2008 Beijing Olympics and the 2010 FIBA World Championships. Jerry Colangelo is a great philanthropist and serves as President of the National Italian American Foundation (NIAF), a nonprofit, nonpartisan educational foundation that promotes Italian American culture and heritage.
