An American entrepreneur and sports tycoon named Jerry Colangelo has a net worth of $300 million.
Over the course of his professional career, Jerry Colangelo has possessed a number of well-known sports teams, such as the Phoenix Suns of the NBA, the Phoenix Mercury of the WNBA, the Arizona Sandsharks of the Continental Indoor Soccer League, the Arizona Rattlers of the Arena Football League, and the Arizona Diamondbacks of MLB.
He was born in Chicago Heights, Illinois, on November 20, 1939, and began his professional career with the Chicago Bulls, where he worked as a marketing director, scout, and assistant to the team’s president.
He has gained a reputation for being a straightforward owner. Consequently, some players, such as Dennis Johnson and Jason Kidd of the Suns, have been released or traded after their personal issues were exposed.
The Phoenix Coyotes, formerly known as the Winnipeg Jets, were moved to Phoenix by Jerry Colangelo, a sports executive.
He was also appointed as the director of the USA Basketball team in 2005, during which they competed for the United States in the 2008 Beijing Olympics and 2010 FIBA World Championship.
Jerry Colangelo, a philanthropist, is the Chairman of NIAF, a nonprofit educational foundation that focuses on promoting Italian American culture and heritage.