Jerry Colangelo, born in 1939, embarked on his professional journey in the sports industry while still in his twenties. He began as a ticket manager for the Chicago Bulls of the National Basketball Association (NBA) in the early 1960s, demonstrating his passion and dedication from the outset. His hard work and enthusiasm did not go unnoticed, leading to a series of promotions that saw him rise through the ranks.

In 1968, Colangelo took a significant step forward in his career when he became the general manager of the Phoenix Suns, then a new expansion team in the NBA. Under his leadership, the Suns grew from a fledgling franchise into a competitive force, attracting fans and making a name for themselves in the league. His strategic acumen and ability to spot and nurture talent on and off the court began to earn him widespread recognition in the sports world.

Jerry Colangelo’s Current Net Worth

As of 2025, Jerry Colangelo’s current net worth is estimated to be around $1.5 billion. This figure reflects his extensive career in sports management and ownership.

Jerry Colangelo’s Career

Jerry Colangelo has had a distinguished career in the sports industry. He served as the owner of the Phoenix Suns from 1968 to 2004, during which time he also owned the Phoenix Mercury and the Arizona Diamondbacks. He was inducted into the Basketball Hall of Fame in 2004.

Other Ventures

In addition to his sports ownership, Colangelo has been involved in various other ventures. He served as the Chairman of USA Basketball from 2005 to 2019, leading the team to several Olympic gold medals. He also founded the Jerry Colangelo Foundation, which supports various charitable causes.

Assets

Colangelo’s assets include his ownership stake in the Phoenix Suns, which he still holds, and his real estate investments. He also has a significant collection of art, including works by renowned artists like Andy Warhol and Roy Lichtenstein.

Annual Income

Jerry Colangelo’s annual income is not publicly disclosed. However, given his extensive business ventures and investments, it is estimated to be in the tens of millions of dollars annually.

Frequently Asked Questions about  Jerry Colangelo

Frequently Asked Questions: Jerry Colangelo Net Worth

1. What is Jerry Colangelo’s net worth?

Jerry Colangelo’s net worth is estimated to be around $1 billion.

2. How did Jerry Colangelo make his fortune?

Jerry Colangelo made his fortune through his successful career in basketball, including his roles as the owner of the Phoenix Suns and the Arizona Diamondbacks, as well as his work with USA Basketball.

3. What is Jerry Colangelo’s role with USA Basketball?

Jerry Colangelo served as the chairman and CEO of USA Basketball from 2005 to 2019, helping to lead the organization to multiple gold medals in international competitions.

4. When did Jerry Colangelo become the owner of the Phoenix Suns?

Jerry Colangelo became the owner of the Phoenix Suns in 1968.

5. How long was Jerry Colangelo the owner of the Phoenix Suns?

Jerry Colangelo owned the Phoenix Suns for 40 years, from 1968 to 2004.

6. What other sports teams has Jerry Colangelo owned?

In addition to the Phoenix Suns, Jerry Colangelo has also owned the Arizona Diamondbacks (1995-2004) and the Phoenix Mercury (2009-2013).

7. What is Jerry Colangelo’s role with the Arizona Diamondbacks?

Jerry Colangelo was the co-founder and managing general partner of the Arizona Diamondbacks from 1995 to 2004, helping to bring a World Series championship to the team in 2001.

8. Has Jerry Colangelo received any awards or honors?

Yes, Jerry Colangelo has received numerous awards and honors, including induction into the Naismith Memorial Basketball Hall of Fame in 2004 and the Baseball Hall of Fame in 2005.

9. What is Jerry Colangelo’s current role?

Jerry Colangelo currently serves as the chairman of the Phoenix Suns’ parent company, JDA Sports, and is also involved in various other business ventures.

10. What is Jerry Colangelo’s philanthropic work like?

Jerry Colangelo and his wife, Joan, have been involved in numerous philanthropic efforts, including the creation of the Jerry Colangelo College of Business at Grand Canyon University and the Colangelo Scholarship Fund for underprivileged youth.