Find out who owns the New York Jets NFL team, the owner's net worth, the source of wealth, and the ownership history of the team.
The Jets are based in the New York metropolitan area as one of the NFL franchise teams. They are part of the American Football Conference East division.
The Jets are a household name in the league and have been. The team has made fourteen appearances in the NFL playoffs.
Who owns the New York Jets?
Woody Johnson has been the current owner of the New York Jets NFL franchise team since 2000. He purchased the franchise from the Hess estate for $635 million. His brother Christopher Johnson is also one of the owners, according to Wikipedia.
List of the New York Jets owners
Woody Johnson
Woody Johnson is an American businessman and diplomat. He is the owner of the New York Jets, an NFL team, and served as the U.S. ambassador to the United Kingdom from 2017 to 2021. Johnson is a member of the?
Robert Wood Johnson IV "Woody Johnson" is an American businessman who is the heir to the Johnson & Johnson pharmaceutical company. He is a great-grandson of Robert Wood Johnson I.
He served in a political office as the United States ambassador to the United Kingdom from 2017 to 2021.
Woody Johnson net worth
According to figures from Forbes, Woody Johnson's net worth stood at $3.3B. These earnings are from the ownership of the Jets, other businesses, and shares in Johnson & Johnson pharmaceutical companies.
Woody Johnson's source of wealth
The Johnson Company, Inc.
He was the chairman/chief executive of The Johnson Company, Inc.
New York Jets
Woody Johnson purchased the New York Jets in 2002 for $635 million and established a record as the third highest purchase of a professional sports franchise team.
According to figures from Forbes, the New York Jets have a valuation of $6.9B. The team remains one of his significant sources of revenue since his takeover in the year 2000.
Christopher Johnson
Christopher Wold Johnson is the co-owner and vice chairman of the New York Jets, alongside his brother Woody.
Christopher is also the great-grandson of Robert Wood Johnson I.
Chris is the co-owner of the New York Jets alongside Woody. He served as the chairman and chief executive from 2017 to 2021 while his brother was the ambassador of the United States to the United Kingdom.
Source of wealth
The Jets
Chris, the co-owner of the Jets, has a significant amount of money coming from the franchise. He also served a role in the NFL.
New York Jets NFL franchise valuation
According to figures from Forbes, the New York Jets have a valuation of $6.9B. The team's majority revenue streams include its marketing and stadium.
The New York Jets ownership history
Throughout its existence, the New York Jets have been through a series of ownership.
Harry Wismer (1959–1963)
Harry Wismer was the first and the charter owner of the New York Titans, now known as the New York Jets, during the American Football League era.
He was famously known as one of the sports broadcasters at the time.
He was running the affairs of the team alongside his activities in the sports broadcasting business. The team played in the AFL in its early years of formation.
According to Wikipedia, one of the areas that was lacking during his time as the owner of the team was the finances to cater to the team.
However, in 1963, he arranged for the sale of the team to a group of investors led by Sonny Werblin, who eventually purchased the team.
Following the sale, the team was gradually becoming a competitive franchise in the AFL until the eventual AFL–NFL merger in 1966.
Sonny Werblin (1963–1968)
David Abraham "Sonny" Werblin was the second owner of the New York Jets, following his purchase of the team from charter owner Harry Wismer.
He was famously known for his activities in the entertainment industry and as a sports executive.
Following his takeover of the team as New York Titans, he made a name change to the New York Jets.
Leon Hess (1968–1999)
Leon Hess was the third owner of the New York Jets following his purchase of the team.
His journey to the ownership of the team began in 1963 as part of the investment group led by the team's second owner, Sonny Werblin.
According to Wikipedia, his initial investment in the team was $250,000. He subsequently bought out other shareholders to become the sole owner of the team in 1984.
In 1968, under his leadership, the New York Jets went on to win the NFL Super Bowl, beating the Baltimore Colts to the championship. This remains the team's only Super Bowl title throughout its history.
Apart from the Super Bowl, the team won other divisional and conference titles and made over eight NFL playoff appearances.
Hess estate (1999–2000)
Following his passing, the Hess estate took charge of the team and its affairs in the league and eventually sold it to Woody Johnson in the year 2000 for $635 million.
New York Jets NFL stadium
From the foundation of the team and through the years of its establishment, it has played in different stadiums and venues across New York.
The New York Jets currently play their home games at MetLife Stadium, which is a multi-purpose stadium of 82,500. It was constructed at a cost of $1.6 billion.
New York Jets trophies and achievements
The team won its only NFL Super Bowl title in 1968. It has also won other divisional and conference titles throughout its history. The Jets have made over 14 appearances in the NFL playoffs.