Jerry Reinsdorf Biography

Jerry Reinsdorf is a well-known American businessman and lawyer. He was the majority owner of the sports franchises Chicago White Sox of the MLB and of the Chicago Bulls of the NBA. Born in Brooklyn, New York, he pursued his higher studies from George Washington University, and later studied law at the Northwestern University Law School. He later began working as a lawyer for the Internal Revenue Service. He was a co-founder of Balcor Co., in 1973, which was one of America`s first firms that specialized in real-estate partnerships. The company was very successful financially, and he later sold it to the American Express for $ 102 million, in 1982. After five years, he eventually left the company. An avid sports fan, he had purchased the Chicago White Sox of the Major League Baseball in 1981. Later in 1985, he also led a group that bought the Chicago Bulls of the National Basketball Association. Under his ownership, the team won several NBA championships consecutively. He helped the team become one of the most profitable franchises in all sports. He has also been considered as one of the most influential basketball owners starting from the 1990s. In 2016, he was elected to the Naismith Memorial Basketball Hall of Fame, due to his contributions.