Jerry Colangelo is a sports executive and former owner of the Phoenix Suns. He is a four-time NBA Executive of the Year. Before joining the Suns, Colangelo was the marketing director for the Chicago Bulls. He sold a majority stake in his many sports teams in 2004. Colangelo has also written an autobiography book titled, “How You Play the Game.”
Colangelo became a director of USA Basketball in 2005 and was named Chairman of the Naismith Memorial Basketball Hall of Fame in 2009. He remains in this position today. His net worth is estimated to be around $1 billion. As a sports executive, Colangelo has been dedicated to his family. He is married to Joan Colangelo and has four children. His son, Bryan, followed in his father’s footsteps as president of the Phoenix Suns.
Colangelo is currently an adviser to the Philadelphia 76ers, which has added to his net worth. Before becoming an advisor, Colangelo had several successful business ventures. His other businesses include the Phoenix Suns of the NBA, the Phoenix Mercury of the WNBA, the Phoenix Rattlers of Arena Soccer, and the Continental Indoor Soccer League. Colangelo is also a former general manager of the Winnipeg Jets.
Colangelo was born on 20 November 1939. His birthday is on Sunday. He will turn 83 in 78 days. As of the date of his upcoming birthday, his net worth is estimated to be around $700 million. However, his net worth could increase more than one million dollars.
Colangelo was raised in a middle class family and excelled in sports such as basketball and baseball. He went on to study at the University of Kansas and then transferred to the University of Illinois, where he played basketball for the Fighting Illini. He earned All-Big Ten honors and became the team captain in his senior year. He earned his BA degree in Physical Education.
The net worth of Jerry Colangelo is difficult to estimate as the amount of his income fluctuates over time. Although his income is relatively predictable, his spending can be difficult to predict. So, it’s impossible to know whether or not he is married. Nonetheless, his net worth could rise to $20 million in 2022 if he continues to stay active and keep his career on track.
Besides his professional basketball career, Colangelo was a vital part of the team’s move to Phoenix in the 1990s. In fact, his leadership of the team led to their first ever playoff appearance. Colangelo was also a member of the group that built the new America West Arena, which was renamed Talking Stick Resort Arena. In addition, he was the chairman of the National Italian American Foundation.
Besides being a prominent investor, Colangelo has also been involved in the formation of many professional sports teams in Arizona. In 1994, he attended a Chicago Cubs game and contacted Major League Baseball about the possibility of bringing an expansion team to Arizona. He subsequently put together a group of investors and was awarded the Arizona Diamondbacks franchise. This expansion team was founded in 1995.