News: Cowboys owner scores big on natural gas bet

[conner01]

erry Jones has an estimated net worth of $8.4 Billion as of 2020, reported by Forbes. Jerry started his career as a failed business in the late 1960s. Jerry is reported among the top fifty self-made billionaires in the United States. Steven A. Cohen is another self-made Wall Street Billionaire with a net worth of $14 Billion.

His dad owned small business Jerry did not come from great wealth, clearly they were not poor but far from rich.

Adjusted for inflation that’s nearly 60 million so in that time it was a lot of money
Many so called self made rich people aren’t as self made as they appear. No doubt Jerry is an amazing business man and has grown his wealth very well but it does help to have money to start out with and that he did have

 

[Doomsday101]

Adjusted for inflation that’s nearly 60 million so in that time it was a lot of money
Many so called self made rich people aren’t as self made as they appear. No doubt Jerry is an amazing business man and has grown his wealth very well but it does help to have money to start out with and that he did have

Most of the risk he took were his risk not his fathers.

 

[OGCowboy]

Jerry did not come from money and took several risk along the way as a wildcatter oil and gas

I’m fully aware of how he acquired his wealth
The post was about the money he made on a natural gas deal....I was replying to that.
Who has 1 billion to invest in a play for a possible return of that magnitude?
I would be a tad short myself

 

[Oz-of-Cowboy-Country]

Or atleast retire , be the owner bring a real GM

People keep calling for a real GM, but who do you think this GM is going to work for? Jerry loves hiring puppets, so a GM would do us no good if Jerry's still influencing his decisions.

 

[Ring Leader]

I just hope he has some more Super Bowls in the fracking pipeline.

 

[MountaineerCowboy]

Rich man get's richer. Big whoop.

Build a winning football team and then I'll be impressed.

 

[Ranched]

A self-made Billionaire. Awesome for Mr. Jones! There's so much defamation on this board about Jerry when in fact they're the bitter ones being Jerry is absolutely BRILLIANT pertaining to finances. Hilarious!

 

[JBS]

I’m fully aware of how he acquired his wealth
The post was about the money he made on a natural gas deal....I was replying to that.
Who has 1 billion to invest in a play for a possible return of that magnitude?
I would be a tad short myself

You’d fail even if you had money

 

[OGCowboy]

Hey vatto you don’t know me...I’m the guy that won the Nigerian lottery....orale. I’m flush

 

[conner01]

Most of the risk he took were his risk not his fathers.

No doubt
But his father made it possible to take those risks financially
Not taking anything away from Jerry. He grew his wealth tremendously and from a business perspective he’s the smartest owner in the league
But like many wealthy people who built great wealth, he had the benefit of having a large amount of money to start with
His dads company in todays dollars was worth about 60 million so his share certainly helped
The oil and gas business is very risky and there are many boom and bust stories. Jerry has weathered the ups and downs and built a massive business
Also buying the cowboys wasn’t like buying a team today either. Today you can’t help but make money because the values of the franchises are soaring. It wasn’t like that when Jerry bought them and he’s a big part of the explosion in wealth all the owners have today

 

[john van brocklin]

Dallas Cowboys owner, Jerry Jones placed a big bet on natural gas producer Comstock Resources. And now, his stake is worth more than twice what he paid. His stake, worth about $2.6 billion after investing roughly $1.1 billion. Nice to have that type of money to throw around in investment. But also, a time where energy plays have been getting a ton of eyeballs, a ton of investment, especially for those who are looking at the sector, and have seen it run up over these past several months and year.

- I mean, natural gas is really tricky. It's had a lot of crashes, as well. And a lot of people whose fortunes have been wiped out.

Jones has been luckier, or smarter than most, 'cause this is not the first time he's made this kind of investment, and actually done well with it. So it's interesting that he's now repeating it with Comstock. And I guess he's in good company when it comes to these energy investments right now.

Cowboys owner scores big on natural gas bet, Amazon’s Alexa soon able to mimic any voice (yahoo.com)

I am happy for Jerry, good for him.
Just wish he would hire a GM to run the Cowboys.
Then he would have more time to focus on his finances.

 

[Doomsday101]

I am happy for Jerry, good for him.
Just wish he would hire a GM to run the Cowboys.
Then he would have more time to focus on his finances.

I agree. I have said before, If I was buying an NFL team I would not hire Jerry Jones as my GM. However we both know Jerry is not stepping down as GM so what I hope to see is he listens to the football people within the organization like Will McClay. Personally I think Cowboys have done a pretty good job through the draft and in doing so gives the Cowboys a chance.

 

[TequilaCowboy]

You have to admit Jerry is one lucky SOB too. Especially once he purchased the Cowboys. Everything seems to have jelled for him afterwards and the money just multiplied. Bet he lays at home thinking how lucky he has been. Except of course with the Cowboys won/loss success....if only he let real pros run this team. Ain't it a shame.

 

[rags747]

Not impressed....fairly easy to make a ton of money when you have a ton of money
Nothing to see here...move along

Fake as Fake news gets.

 

[nalam]

People keep calling for a real GM, but who do you think this GM is going to work for? Jerry loves hiring puppets, so a GM would do us no good if Jerry's still influencing his decisions.

well he should be barred from the facilities once he is retired ; LOL

 

[Oz-of-Cowboy-Country]

well he should be barred from the facilities once he is retired ; LOL

It would be funny as heck to see Jerry trying to run around security to get into the Star.

 

[rags747]

I’m fully aware of how he acquired his wealth
The post was about the money he made on a natural gas deal....I was replying to that.
Who has 1 billion to invest in a play for a possible return of that magnitude?
I would be a tad short myself

Don’t need $1B, you could have invested $10K and made the exact same return. To make money you must be willing to risk money, many people are not willing to do that.

 

[Typhus]

Not surprised at all. When I think of Jerry Jones I think about how he must produce huge amounts of natural gas.

A natural fuel source.
No need for the Electric Car agenda, just a very long hose and Jerry.
Could solve our energy crisis.

 

[OmerV]

Not impressed....fairly easy to make a ton of money when you have a ton of money
Nothing to see here...move along

If it was that easy nobody would ever lose money investing, and even moderate investors would become wealthy. Having a lot of money to invest doesn't automatically mean anything you invest in will succeed, it just means that if it does succeed the gain will be big. Conversely, if the investment fails the loss will also be big. The key is picking the right investments.

 

[Whyjerry]

2014 / 2015 offered a unique opportunity for energy investors that’s unlikely to be repeated. The ESG morons don’t seem to grasp that about 70pct of electricity is produced by burning coal, natural gas, and by products of each. That won’t change for a long time. The government’s stupidity to force people into EVs and Hybrids with limited infrastructure to support it will further the reliance on tradition sources of electricity fuel. Jerry knows that business and had the capital to risk. I bet he would tell you it was a no brainer. Probably the easiest money he ever made.