About Jerry Colangelo
It has been calculated that the total estimate of Jerry Colangelo net worth is as high as 300 million dollars. Jerry Colangelo has earned his net worth because of his career as a businessman as well as a sports executive. Currently, Jerry Colangelo is an advisor for the Philadelphia 76ers and this position has served as one of the main current sources of increasing the total amount of Jerry Colangelo net worth.
Before he started to work with this team, he was an owner of some other sports teams, including the Phoenix Suns of the NBA, the Arizona Diamondbacks of Major League Baseball, the Phoenix Mercury of the WNBA, the Arizona Rattlers of the Arena Football League and the Arizona Sandsharks of the Continental Indoor Soccer League. Jerry Colangelo played a huge role in relocating the Winnipeg Jets, which competes in the National Hockey League, to Phoenix, where the team was renamed to the Phoenix Coyotes. Today, it is known as the Arizona Coyotes. Thus, working with these mentioned teams made his name more known in the sports industry and increased the total size of Jerry Colangelo net worth.
In 2014, a school was renamed in honor to Jerry Colangelo, which was Christian based school of business, which belongs to Grand Canyon University. In 1968, when Jerry Colangelo became the general manager in professional sports, he became the youngest person ever to hold this position. At that time, he served as the general manager of the Phoenix Suns.
In 2005, Jerry Colangelo became the director of USA Basketball. The team competed in the 2008 Beijing Olympics and 2010 FIBA World Championship. In 2009, he got the position of a Chairman of the Naismith Memorial Basketball Hall of Fame, a position which he holds up until today and which also adds up to the total sum of Jerry Colangelo net worth. In addition, Jerry Colangelo is the Chairman of the National Italian American Foundation. The foundation is a non-profit organization which supports Italian American heritage and culture.
He was born in 1939 in Chicago Heights, Illinois, where he also grew up. His family was Italian-American. When he was studying in high school, Jerry Colangelo was already interested in sports as he played baseball and basketball. Then, he was studying for some time at the University of Kansas before he transferred to the University of Illinois. There, he continued his career as a basketball player. In his senior year, he was even the captain of his team. Later, his name was inducted into the Illinois Basketball Hall of Fame. In addition to playing basketball at Illinois, he also played baseball for a few years.
In 1962, Jerry Colangelo became a graduate of the University of Illinois, from which he earned his degree in physical education. Jerry Colangelo has published his autobiographical book called “How You Play the Game”, in which he described his first job after college when he was hired to work at the House of Charles, which is a tuxedo rental shop in Illinois.