{"id":1341385,"date":"2021-03-27T18:39:00","date_gmt":"2021-03-27T22:39:00","guid":{"rendered":"https:\/\/sports7.us\/?p=1341385"},"modified":"2023-08-04T13:07:30","modified_gmt":"2023-08-04T17:07:30","slug":"jerry-jones-worth-8-billion-learned-harsh-lesson-financial-responsibility-woman-cut-his-credit-card-in-half","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/jerry-jones-worth-8-billion-learned-harsh-lesson-financial-responsibility-woman-cut-his-credit-card-in-half\/","title":{"rendered":"Jerry Jones Is Worth $8.8 Billion, but He Once Learned a Harsh Lesson About Financial Responsibility When a Woman Literally Cut His Credit Card in Half"},"content":{"rendered":"\n<p>Whether you love or hate the <a href=\"https:\/\/sports7.us\/tag\/dallas-cowboys\/\">Dallas Cowboys<\/a>, just about every NFL fan knows about <a href=\"https:\/\/sports7.us\/tag\/jerry-jones\/\">Jerry Jones<\/a> and his massive net worth. The owner, however, wasn't always rolling in dough. In fact, he needed to learn a harsh lesson about paying his bills on time.<\/p>\n\n\n\n<p>About 15 years before he <a href=\"https:\/\/sports7.us\/jerry-jones-and-the-steinbrenners-are-picking-up-more-than-100-million-apiece-in-pocket-change\/\">bought the Dallas Cowboys<\/a>, Jones tried to get a car at Love Field airport. The woman behind the counter, however, wasn't prepared to hand over the keys. Instead, she pulled out a pair of scissors and cut the future NFL owner's credit card in half.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-jerry-jones-wasn-t-always-the-owner-of-the-dallas-cowboys\">Jerry Jones wasn't always the owner of the Dallas Cowboys<\/h2>\n\n\n\n<p>These days, it's almost impossible to imagine <a href=\"https:\/\/sports7.us\/jerry-jones-learned-the-key-to-business-success-in-an-arkansas-grocery-store\/\">Jerry Jones<\/a> doing anything other than owning the Dallas Cowboys. It goes without saying, however, that he wasn't born into NFL ownership.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Jerry Jones - Where He Gets His Swagger: Real Sports Bonus Clip (HBO)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/r_EEnhqC1FM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Football has been a constant in Jones' life, though. He <a href=\"https:\/\/sports7.us\/how-good-was-jerry-jones-as-a-football-player-at-arkansas\/\">played offensive line for the Arkansas Razorbacks<\/a> during his time in college. He even served as a co-captain of the team and won a national championship in 1964. After graduating, Jerry tried to buy the AFL's San Diego Chargers but couldn't muster up the cash required to seal the deal.<\/p>\n\n\n\n<p>Jones also borrowed money from the teamsters union to open a series of Shakey's Pizza Parlors. After that venture went belly-up, he worked alongside his father in the insurance industry. Another change, however, was still on the cards.<\/p>\n\n\n\n<p>Eventually, Jerry Jones started wildcatting for oil and struck black gold. Before becoming a millionaire, though, he had to learn a Texas-style lesson about financial responsibility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-having-his-credit-card-cut-in-half\">Having his credit card cut in half <\/h2>\n\n\n\n<p>Given his current fame and fortune, <a href=\"https:\/\/sports7.us\/dallas-cowboys-owner-jerry-jones-is-no-stranger-to-trying-to-buy-everything-with-money\/\">Jerry Jones can more or less buy anything<\/a> that his heart desires. At one point, though, he even had trouble renting a car.<\/p>\n\n\n\n<p>&#8220;You've heard me tell the story about getting those credit cards cut up about 15 years before I bought the Cowboys,&#8221; Jones said in 2015, according to the <a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/www.dallasnews.com\/sports\/cowboys\/2015\/09\/15\/jerry-jones-i-never-thought-cowboys-would-be-worth-4-billion-it-s-a-credit-to-our-fans\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dallas Morning News.<\/a> <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>You guys have heard it ad nauseam, but I arrived here at Love Field [airport], young man there about 31, 32 years old and handed my credit card over here at Love Field. Lady went down a list, saw my name on it, reached up, cut it in two, [and] said, &#8216;Young man, you need to learn how to pay your bills.' Now, that's a little rugged day in Dallas, Texas.<\/p>\n<cite>Jerry Jones' credit card story <\/cite><\/blockquote>\n\n\n\n<p>As Jones himself said, he's told the same story multiple times over the years. In another version, recorded by <a href=\"https:\/\/www.cbsnews.com\/news\/dallas-cowboys-jerry-jones-and-a-tough-season\/4\/\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener\">CBS News,<\/a> he explained that he was trying to &#8220;get a car&#8221; and the airport and had some outstanding debt.<\/p>\n\n\n\n<p>&#8220;Let's say this, I hadn't paid that I hadn't paid that bill,&#8221; Jones explained. &#8220;And certainly, I was operating on fumes and not on a full gas tank.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-jerry-jones-net-worth-now-clocks-in-at-8-8-billion\">Jerry Jones' net worth now clocks in at $8.8 billion<\/h2>\n\n\n\n<p>If Jerry Jones' memory is accurate, his fateful encounter at Love Field would have taken place in roughly 1975. More than 45 years later, though, his financial situation is quite a bit different.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Building Jerry Jones&#039; World | SC Featured | ESPN Stories\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/0M5iLtt2r4g?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>As mentioned above, Jones Oil and Land Lease struck oil, making Jerry himself quite wealthy. In 1989, he <a href=\"https:\/\/sports7.us\/jerry-jones-managed-to-buy-the-dallas-cowboys-thanks-to-a-brutal-hangover\/\">purchased the Dallas Cowboys<\/a> for $140 million. While the team was hemorrhaging money at the time, it still proved to be an incredibly smart investment. <\/p>\n\n\n\n<p>Although the Cowboys haven't quite lived up to their own high standards from the early 1990s, they're still worth a massive amount of money. As of September 2020, <a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/www.forbes.com\/teams\/dallas-cowboys\/?sh=1b56d7471426\" target=\"_blank\" rel=\"noreferrer noopener\">Forbes<\/a> estimated the franchise's value at $5.7 billion. <a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/www.forbes.com\/profile\/jerry-jones\/?sh=514b9d7627bc\" target=\"_blank\" rel=\"noreferrer noopener\">The publication<\/a>, in turn, also pegs Jerry Jones' net worth at $8.8 billion.<\/p>\n\n\n\n<p>Whether you love or hate him, though, we can all agree on one thing: It's unlikely that Jerry Jones will ever have a problem paying his credit card bill for as long as he lives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Cowboys owner is pretty wealthy, he once learned a harsh lesson about financial responsibility at a Dallas airport.<\/p>\n","protected":false},"author":117,"featured_media":1575554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[4912,53459],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.9) - 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He covers the NBA and soccer for Sports7, with specialties in legacy NBA players such as Michael Jordan and Premier League club Arsenal. Off the clock, he's a Kansas City Chiefs fan and a hockey goalie. Growing up loving Shaquille O'Neal and reading everything he could about the great big men throughout NBA history \u2014 likely because he was still tall enough, at least relative to his peers, to play center \u2014 he's continued to love learning about and exploring the historical and story-based sides of the basketball archives. As for Arsenal, Joe spent a year living in London and latched onto the local support of the club. He's barely missed a match since, loving Arsene Wenger, enduring the Banter Era, and following along through rebuilds. The Premier League interest developed into a passionate following of the Champions League, Europe's big five league, and international soccer as a whole when played at the highest level. 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He covers the NBA and soccer for Sports7, with specialties in legacy NBA players such as Michael Jordan and Premier League club Arsenal. Off the clock, he's a Kansas City Chiefs fan and a hockey goalie. Growing up loving Shaquille O'Neal and reading everything he could about the great big men throughout NBA history \u2014 likely because he was still tall enough, at least relative to his peers, to play center \u2014 he's continued to love learning about and exploring the historical and story-based sides of the basketball archives. As for Arsenal, Joe spent a year living in London and latched onto the local support of the club. He's barely missed a match since, loving Arsene Wenger, enduring the Banter Era, and following along through rebuilds. The Premier League interest developed into a passionate following of the Champions League, Europe's big five league, and international soccer as a whole when played at the highest level. 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