Jerry Richardson's Net Worth as of 2024
$1.1 Billion
Jerome Johnson Richardson Sr. was born on the 11th July 1936 in Spring Hope, North Carolina USA. Although a successful businessman, Jerry Richardson probably is best known to the world as the founder and owner of the National Football League(NFL) team the Carolina Panthers.
Have you ever wondered how rich Jerry Richardson is? According to sources, it is estimated that Jerry Richardson`s net worth is over $1.1 billion, an amount he acquired through his successful business career, being the CEO of Flagstar, until he retired from business in 1995.
Jerry Richardson Net Worth $1.1 Billion
Jerry grew up in his hometown, and attended the high school in Fayetteville. He then enrolled at Wofford College, situated in Spartanburg, South Carolina. While at University, Jerry tried to spark an NFL career, as he was one of the better players, and still holds the single game record with 241 receiving yards vs.Newberry in 1956. Furthermore, he is also the owner of the record for most touchdown receptions in a season, stopping at nine in 1958, and a career high 21. In 1958, he was a captain of the Wofford football team.
After college he decided to enter the 1959 NFL draft, and was selected in the 13th round by the reigning champions the Baltimore Colts, and in his first season Jerry won the NFL Super Bowl with the team and the Colt`s Rookie of the Year award.
However, soon after his second season ended, Jerry decided to quit the NFL, and focus on a career as a businessman, investing the bonus he earned by winning the championship into Hardee`s food chain store, eventually owning 50% with other half being owned by his business partner Charles Bradshaw. Jerry also co-founded Spartan Foods, which was the first franchisee of Hardee’s, and he was also to become the CEO of Flagstar, which eventually became the sixth food service in USA, as it held over 2500 restaurants across the USA, which increased his net worth by a large margin.
Back in 1987, Jerry announced that he would bid for an NFL expansion franchise in the Carolinas. In 1993 the 28 NFL owners unanimously named the Carolina Panthers as the 29th member of the NFL, of which Jerry became the owner and founder and only the second player in the history of NFL to own an NFL franchise, the first having being George Halas.
Carolina Panthers began to participate in NFL in 1995, and in its first season, the team had a record of 7-9 which was the best performance ever from a first-year expansion team. In the next few years, the Panthers had solid seasons, and in 2003 they won their division, however they didn`t manage to win the NFL Championship.
Regardless, the Carolina Panthers became Jerry`s main source of his net worth, as the team`s value is now $1.56 billion;. although the owner, Jerry is not included in the daily operations. However, he is frequently in the stands, following every home game of the Panthers, never missing one, until 2008, when he was sent to hospital due to severe problems with his heart. In February he got a new heart, and since then has fully recovered from the operation.
Regarding his personal life, Jerry is married to Rosalind Sallenger Richardson, with whom he has a son Mark and daughter Ashley; a second son died.
