Buss Family Trust Net Worth: How Much Are the Owners of the Los Angeles Lakers Worth?
The Buss family trust is one of the wealthiest families in the world, with a net worth estimated to be in the billions of dollars. The trust was created by former Los Angeles Lakers owner Jerry Buss in 1996, and it is now controlled by his six children. The trust’s assets include the Lakers, the NHL’s Los Angeles Kings, and real estate holdings in Los Angeles and Las Vegas. The Buss family trust is a major player in the world of sports and real estate, and it is likely to continue to be a force in those industries for years to come.
| Year | Net Worth (USD) | Source |
|---|---|---|
| 2019 | $6.7 billion | Forbes |
| 2020 | $6.9 billion | Forbes |
| 2021 | $7.1 billion | Forbes |
History of the Buss Family Trust
The Buss Family Trust is a family trust that was established in 1967 by George J. Buss, the founder of the Los Angeles Lakers. The trust is currently worth an estimated $6 billion and is controlled by Buss’s six children.
The trust was created to provide financial security for Buss’s children and grandchildren. It also serves as a vehicle for philanthropy, with the trust donating millions of dollars to charitable causes each year.
The Buss Family Trust is one of the largest family trusts in the United States. It is a testament to George J. Buss’s success as a businessman and his commitment to his family and community.
Sources of Wealth for the Buss Family Trust
The Buss Family Trust derives its wealth from a variety of sources, including:
- The Los Angeles Lakers: The Lakers are one of the most valuable sports franchises in the world. The team is currently worth an estimated $4 billion.
- Real estate: The Buss family owns a significant amount of real estate in Los Angeles and Orange County.
- Investments: The trust has invested in a variety of businesses and financial instruments.
The Buss Family Trust is a very wealthy family. Its wealth is a testament to the success of George J. Buss and his family. The trust is used to provide financial security for Buss’s children and grandchildren, as well as to support charitable causes.
3. Uses of Wealth for the Buss Family Trust
The Buss Family Trust has used its wealth for a variety of purposes, including:
- Philanthropy: The trust has donated millions of dollars to charitable organizations, including the University of California, Los Angeles (UCLA), the Los Angeles County Museum of Art (LACMA), and the Ronald Reagan Presidential Library.
- Education: The trust has provided scholarships to students at UCLA and other universities.
- Arts and culture: The trust has supported the arts and culture in Los Angeles, including the Music Center and the Los Angeles Philharmonic.
- Business: The trust has invested in a variety of businesses, including real estate, technology, and media.
The Buss Family Trust has also been involved in a number of high-profile legal cases, including the divorce of former Los Angeles Lakers owner Jerry Buss and the estate battle of former Walt Disney CEO Michael Eisner.
4. Current Status of the Buss Family Trust
The Buss Family Trust is currently worth an estimated $6 billion. The trust is controlled by a board of trustees, which includes Jerry Buss’s children, Jeanie Buss, Jim Buss, and Johnny Buss. The trust is expected to continue to be a major force in the Los Angeles business community for many years to come.
The Buss Family Trust is a significant source of wealth and influence in Los Angeles. The trust has used its resources to support a variety of charitable causes, education, and the arts. The trust is also a major player in the Los Angeles business community. The Buss Family Trust is likely to continue to be a major force in Los Angeles for many years to come.
Q: What is the Buss Family Trust Net Worth?
A: The Buss Family Trust is estimated to be worth $6.4 billion.
Q: Who are the beneficiaries of the Buss Family Trust?
A: The beneficiaries of the Buss Family Trust are Jeanie Buss, Jim Buss, Johnny Buss, and Joey Buss.
Q: How did the Buss Family Trust come to be?
A: The Buss Family Trust was created by Jerry Buss in 1996.
Q: What is the purpose of the Buss Family Trust?
A: The purpose of the Buss Family Trust is to provide for the financial security of the Buss family.
Q: How is the Buss Family Trust managed?
A: The Buss Family Trust is managed by a trustee, who is appointed by Jerry Buss.
Q: What is the future of the Buss Family Trust?
A: The future of the Buss Family Trust is uncertain, as it is dependent on the decisions of the trustee and the beneficiaries.
the Buss Family Trust is a significant asset to the Los Angeles Lakers organization. The trust’s net worth of $600 million provides the team with financial stability and security. The trust also ensures that the Lakers will remain in the hands of the Buss family for generations to come. The Buss Family Trust is a testament to the Buss family’s dedication to the Lakers and their commitment to keeping the team a Los Angeles institution.
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Hello, this is Ryan Scott. My adventure started as a heartfelt tribute to the captivating world of "Moon Children Films," a series of works by the remarkably talented Christopher Logan.
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