Phil Jackson is a name that echoes in the NBA history books, not just for his coaching prowess but also for the substantial wealth he accumulated throughout his career. From winning multiple NBA championships to holding top executive roles, Jackson’s financial journey is fascinating.
At Aupeo, I’m diving into the Phil Jackson net worth to give you a deeper look into how he achieved his remarkable success. Let’s explore the milestones, contracts, and achievements that helped him build his wealth, and why his career remains a shining example in the basketball world.
Contents
- 1 Quick Facts
- 2 What is the Net Worth of Phil Jackson in 2024?
- 3 Salary and Finance Overview
- 3.1 How He Built His Wealth and Income Over the Years
- 3.2 His Career Achievements That Boosted His Earnings
- 3.3 Coaching Contracts and Salary Highlights
- 3.4 How His NBA Championships Contributed to His Income
- 3.5 His Role as President of the New York Knicks and Its Financial Impact
- 3.6 Real Estate and Personal Investments Contributing to His Wealth
- 3.7 Personal Life and Relationships Impacting His Financial Journey
- 4 FAQs About Phil Jackson
- 5 Conclusion
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Philip Douglas Jackson |
| Popular Name | Phil Jackson |
| Gender | Male |
| Birth Date | September 17, 1945 |
| Age | 79 |
| Parents | Elisabeth Funk Jackson, Charles Jackson |
| Siblings | Two brothers, one half-sister |
| Birthplace | Deer Lodge, Montana, U.S. |
| Nationality | American |
| Ethnicity | German-Mennonite descent |
| Education | University of North Dakota |
| Marital Status | Twice divorced |
| Spouse | June Jackson (m. 1974–2000), Maxine Jackson (m. 1967–1972) |
| Children | 5 |
| Dating | Previously engaged to Jeanie Buss |
| Net Worth | $70 million (as of 2024) |
| Source of Wealth | NBA player, coach, and executive |
| Height | 6 ft 8 in |
What is the Net Worth of Phil Jackson in 2024?
As of 2024, Phil Jackson’s net worth is estimated at $70 million. His wealth has been shaped by his successful career as a player, coach, and executive, placing him among the most financially successful figures in basketball history.
When we compare Jackson’s net worth to others in the sports industry, it’s clear he’s in a class with some of the most well-known figures.
Here are several individuals and entities related to his career:
- Michael Jordan
- Kobe Bryant
- Jeanie Buss
- Shaquille O’Neal
- Los Angeles Lakers
- New York Knicks
- Chicago Bulls
- Red Auerbach
- Tex Winter
- Jerry Buss
Check out more about other high-earners in the NBA by exploring this comprehensive list of the wealthiest basketball players.
Salary and Finance Overview
How He Built His Wealth and Income Over the Years
Phil Jackson‘s journey to financial success is impressive. While many NBA figures earn considerable wealth as players, Jackson’s post-playing career as a coach and executive played a pivotal role in building his wealth.
Starting as a player for the New York Knicks, Jackson’s income grew slowly, but his hard work on the court and eventual championships opened the door to his lucrative coaching career.
His Career Achievements That Boosted His Earnings
Jackson’s notable career achievements dramatically increased his earnings. His first key financial milestone came with the Chicago Bulls, where he led the team to six NBA championships. These victories not only enhanced his salary but also positioned him as a top coach in NBA history.
Jackson then moved to the Los Angeles Lakers, where he further solidified his legacy with five more championships, adding millions to his earnings. These achievements cemented his value in the NBA, making him a highly sought-after coach.
Coaching Contracts and Salary Highlights
Phil Jackson’s coaching career was marked by significant contracts. His initial contract with the Chicago Bulls began modestly, but as he led the team to success, his salary increased substantially.
When Jackson joined the Los Angeles Lakers, he signed a five-year, $30 million deal in 1999. Later, as the president of the New York Knicks, Jackson signed a $60 million contract over five years, earning $11 million per year.
These contracts were pivotal in boosting his financial portfolio and cementing his status as one of the highest-paid coaches.
How His NBA Championships Contributed to His Income
Winning championships didn’t just add to Jackson’s legacy; it added to his bank account. As head coach, he led teams to 11 NBA championships—six with the Chicago Bulls and five with the Los Angeles Lakers.
The financial incentives tied to these wins, including bonuses and extended contracts, were a significant contributor to his overall wealth.
His ability to bring consistent success to his teams made him an invaluable asset to the organizations he worked for, increasing his earning potential with each victory.
His Role as President of the New York Knicks and Its Financial Impact
In 2014, Jackson transitioned from coaching to an executive role when he became the president of the New York Knicks. His five-year, $60 million contract was a clear testament to the Knicks’ faith in his abilities to turn around the struggling franchise.
While his tenure as president saw mixed results, it was financially beneficial for Jackson, adding a substantial amount to his overall wealth.
Real Estate and Personal Investments Contributing to His Wealth
Outside of basketball, Jackson made strategic real estate investments that have significantly contributed to his net worth. He owns properties in Montana, California, and New York.
His most notable real estate purchases include a $1.8 million ocean-view home in Marina Del Rey, California, and a $4.85 million midtown New York City apartment, which he later sold for $5 million.
His long-standing property in Montana also adds to his wealth, reflecting smart personal financial management.
Personal Life and Relationships Impacting His Financial Journey
Jackson’s personal relationships have also played a part in his financial journey. His long-term relationship with Jeanie Buss, daughter of Lakers owner Jerry Buss, further connected him to the business side of the NBA.
Their eventual engagement, though later called off, kept Jackson close to the Lakers’ franchise, where he achieved major financial and career milestones. Although his personal life has had its ups and downs, Jackson’s relationships have often been closely tied to his professional journey.
FAQs About Phil Jackson
How did he begin his coaching career?
Phil Jackson started his coaching career in the Continental Basketball Association (CBA) before transitioning to the NBA, where he eventually became one of the most successful coaches in history.
What is his height?
He stands at 6 feet 8 inches (2.03 meters), which contributed to his success as a basketball player before moving into coaching.
How many NBA championships did he win as a coach?
Jackson won 11 NBA championships as a coach—six with the Chicago Bulls and five with the Los Angeles Lakers.
Who did he coach during his most successful years?
Phil Jackson is best known for coaching NBA legends like Michael Jordan, Kobe Bryant, and Shaquille O’Neal, leading them to multiple championships.
What role did he play with the New York Knicks?
Jackson served as the president of the New York Knicks from 2014 to 2017, earning $11 million per year during his tenure.
Conclusion
Phil Jackson’s journey through basketball and financial success is a fascinating one. If you’re interested in learning more or sharing your thoughts, feel free to comment or explore more content at aupeo.com.
