Jerry Richardson, an American entrepreneur and owner of an NFL team, has a net worth of $2 billion.
The Carolina Panthers of the National Football League were founded and are believed to have been led by Jerry Richardson, who holds the majority ownership of the team.
On July 11, 1936, Jerry’s birth took place in Spring Hope, North Carolina.
While he was a football player at Wofford College in Spartanburg, SC, he also played in the NFL for the Baltimore Colts.
The majority of Jerry’s early wealth came from working in the fast food industry and he surprisingly received an NFL bonus check to kickstart his empire.
In 1959, Jerry invested in the first-ever Hardee’s franchise in the United States by taking the $4744 bonus check from the Baltimore Colts that won a Championship.
The founding of Flagstar Foods was done by Charlie Bradshaw, who was also a college player, and he.
Over the next several decades, Flagstar expanded to 2500 restaurants employing 100,000 and Richardson became the first former NFL player since George Halas to become owner when the Carolinas were unanimously selected as the NFL’s 29th franchise.
The franchise rights were purchased by Richardson and a group of minority partners who paid $206 million, with most of it coming from Jerry’s personal bank account.
The Panthers’ current worth fluctuates between $1.6 and $2 billion.
The team generates an annual revenue of $325 million and a profit of $80 million.