Jerry Colangelo Net Worth is
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Jerry Colangelo (born November 20, 1939) is an American businessman and sports executive. He formerly owned the Phoenix Suns of the NBA, the Phoenix Mercury of the WNBA, the Arizona Sandsharks of the Continental Indoor Soccer League, the Arizona Rattlers of the Arena Football League and the Arizona Diamondbacks of Major League Baseball. He was also instrumental in the relocation of the Winnipeg Jets of the NHL to Phoenix to become the Phoenix Coyotes.
In the summer of 2005, Colangelo was named director of USA Basketball whose team represented the United States in the 2008 Beijing Olympics and 2010 FIBA World Championship. Colangelo also serves as Chairman of the National Italian American Foundation (NIAF), a nonprofit nonpartisan educational foundation that promotes Italian American culture and heritage.
Colangelo has been known for a no-nonsense ownership style. Players like the Suns' Dennis Johnson and Jason Kidd and the Diamondbacks' Bobby Chouinard have been traded or released after their personal problems became public.


Colangelo was born and raised in Chicago Heights, Illinois where he played basketball and baseball for Bloom Township High School. He graduated from the University of Illinois, where he captained the basketball team and was a member of Phi Kappa Psi Fraternity.
In his autobiography, How You Play the Game, Colangelo tells of working after graduating college at the House of Charles, a tuxedo rental shop in Chicago Heights.
Colangelo began his career in professional basketball with the Chicago Bulls. He worked as a marketing director, scout, and assistant to the president of the team. In 1968, he left the Bulls and was hired as the first general manager of the expansion team, the Phoenix Suns. When he and his family left for Arizona, he had $200 in his wallet.
Colangelo got off to an unlucky start, losing a 1969 coin flip to the Milwaukee Bucks for the rights to UCLA phenom Lew Alcindor (now known as Kareem Abdul-Jabbar).

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Jerry Colangelo Latest News

College basketball returns to downtown Phoenix with inaugural Colangelo Classic

College basketball returns to downtown Phoenix this season with the first-ever Jerry Colangelo Classic set to tip off on Dec. 9. The one day doubleheader will feature Tennessee vs Gonzaga in the first ...
Posted: May 21, 2018, 10:08 pm

76ers Collars: Finding a New GM

Especially because he would want his own team that he’s comfortable with. And certainly a breach of trust occurred in the transition from Hinkie to Jerry Colangelo and then Bryan Colangelo. So that’s ...
Posted: July 11, 2018, 7:44 am

Longtime NBA Exec Jerry Colangelo ‘Anxious’ About Son’s Reported Twitter Activity

Jerry Colangelo’s unwillingness to drag his son’s name through the mud shouldn’t surprise anyone. The USA Basketball managing director and Philadelphia 76ers adviser told Bleacher Report’s Yaron Weitz...
Posted: May 30, 2018, 11:01 am
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