Phil Jackson Net Worth: – often referred to as the “Zen Master,” has not only left an indelible mark on the NBA as a coaching legend but has also built a substantial net worth that stands as a testament to his success on and off the court. As of 2023, Phil Jackson’s financial achievements are as impressive as his basketball legacy, with an estimated net worth of $70 million.
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Table of Contents
Who is Phil Jackson?
Phil Jackson is a name that resonates beyond the realm of basketball. Known primarily for his unparalleled success as a coach in the NBA, he has also played the game professionally and held executive positions within the sport’s administration.
How old is Phil Jackson?
Born on September 17, 1945, Phil Jackson is 78 years old as of 2023. His longevity in the sport is as remarkable as the various roles he has embraced throughout his career.
Career
Phil Jackson’s career can be divided into three distinct stages: his time as a player, his tenure as a coach, and his executive role. His playing career was solid, if not as storied as his coaching days, lasting from 1967 to 1980 with two NBA teams, the New York Knicks and the New Jersey Nets. However, it was his strategic mind as a coach that brought him fame, leading the Chicago Bulls and the Los Angeles Lakers to a combined total of 11 NBA titles.
Education
Jackson’s educational background set the stage for his future in basketball. He attended the University of North Dakota, where he played under coach Bill Fitch and honed the skills that would later define his coaching philosophy.
Personal life
Off the court, Phil Jackson’s personal life has been as rich and varied as his professional one. He has been married and divorced twice and was notably engaged to Jeanie Buss, with whom he eventually ended his relationship in 2016. Jackson is a father and a grandfather, with five children and eight grandchildren. Known for his alignment with the counterculture of the 60s and 70s, he’s openly discussed his use of LSD and marijuana in the past, while also engaging in conversations about drug legislation.
What does Phil Jackson do now?
president of basketball operations.
A former Knick himself whose gritty play helped carry the team to its last championship in 1973, Jackson came out of a brief retirement in 2014 to return to the Knicks — not as a coach, but as president of basketball operations.
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Awards and achievements
Phil Jackson’s awards and achievements are vast, including his induction into the Basketball Hall of Fame and his recognition as one of the top ten coaches in NBA history. His 11 championship titles as a coach stand as a record in the NBA.
Real Estate
Jackson’s real estate portfolio includes a lake-front property in Montana, a primary residence that he acquired using his Knicks championship bonus money. In the latter years, he owned properties in Marina Del Rey, California, and a New York City apartment he sold in 2018.
Who is Phil Jackson in a relationship with?
As of my last update, there has been no public information about Phil Jackson being in a relationship, following his separation from Jeanie Buss in 2016.
Who is Phil Jackson’s child?
Phil Jackson has five children from his previous marriages. Their lives have been kept relatively private, away from the spotlight of their father’s fame.
What are Phil Jackson’s biggest expenses?
Jackson’s lifestyle and real estate investments suggest that property is among his biggest expenses. His historical salary figures and contracts also imply a high cost of living that befits a former professional athlete and top-tier NBA coach.
How much did Phil Jackson get paid with the Lakers?
$30 million
Jackson, who was wooed by the Knicks and the Nets, ended his one-year sabbatical today by accepting a five-year, $30 million contract to coach of the Los Angeles Lakers.
What is Phil Jackson’s yearly income?
$12 million
While Jackson’s yearly income post-retirement is not publicly disclosed, during his time as President of the Knicks, he earned $12 million annually, and his contracts as a coach were also in the multi-million dollar range per year.
What companies does Phil Jackson own?
There is no public record of Phil Jackson owning any companies outright. His investments have largely been in real estate and his earnings from his basketball career.
Phil Jackson net worth in 2023
$70 million in 2023
Phil Jackson’s net worth is estimated to be around $70 million in 2023, accumulated through his salaries as a coach and executive, as well as earnings from his playing days and real estate investments.
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Conclusion
Phil Jackson’s journey from player to coach to executive has been marked by success, innovation, and an unconventional approach to the game of basketball. His net worth of $70 million in 2023 is reflective of a career well-played and well-coached, establishing him not just as an NBA legend, but as a financial victor in the game of life.
FAQs about Phil Jackson Net Worth: The Financial Scorecard of an NBA Coaching Legend
- How did Phil Jackson make his fortune?
- Phil Jackson made his fortune through a successful career in the NBA as a player, coach, and executive, coupled with smart real estate investments.
- Has Phil Jackson been successful in his post-coaching career?
- Financially, yes. Despite a less successful tenure as an executive with the Knicks, he earned significant income from his contracts.
- What is Phil Jackson’s coaching philosophy?
- Phil Jackson is known for his implementation of the triangle offense and a holistic approach to coaching that includes elements of Eastern philosophy.
- How many NBA championships did Phil Jackson win as a coach?
- Phil Jackson won a record 11 NBA championships as a coach.
- Does Phil Jackson have any endorsements?
- Throughout his career, Jackson has had various endorsement deals, although specific details post-retirement are not widely publicized.
