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Who Was Jerry Buss And How Much Did He Really Pay For The Lakers?


Many wealthy business owners today come from rich dynasties of inherited wealth. Jerry Buss’ story was quite different. According to Yahoo Sports, Buss was a small child being raised by a single mother and the two of them struggled to eat and stay warm during the Great Depression. Eventually, his mother married a plumber named Cecil, who was something of an authoritarian. Cecil compelled Buss to work even as a child, instilling in him a work ethic that would shape the rest of his life. Thus Buss started out from humble beginnings to become one of the most loved figures in the NBA.

Buss’ business acumen was also grounded in a glittering scientific career that occurred decades before he made his first steps into professional sports. The young Jerry showed himself to be an excellent student, with a stellar school record that propelled him through academia, through both a bachelor’s and master’s of science degree, and finally onto a Ph.D. in chemistry, which he achieved at the age of just 24, per the Los Angeles Daily News. 

Having left academia, Buss turned his intellect to the world of real estate, the industry in which he made his fortune. Bleacher Report claims that Buss was eventually worth somewhere in the region of $1 billion.





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