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

Jerry Colangelo-led group acquires Tempe marina offices for $928M

PHOENIX — A business partnership that includes Arizona sports icon Jerry Colangelo has bought the Tempe waterfront development Marina Heights for nearly $1 billion. The sale-leaseback deal — struck late last week — set a price record in the Valley ...
Posted: December 11, 2017, 11:19 am

What you missed during Arizona's win over Texas A&M

Lost in the crowd were several former NBA players and executives. Jerry Colangelo, former Suns president and Managing Director of USA basketball was there as a representative of Grand Canyon, the business school is named after him. Danny Ainge, current ...
Posted: December 6, 2017, 12:15 pm

Today in Arizona History

On this date in 1993, Gov. Fife Symington, Phoenix Mayor Paul Johnson, former major-league catcher Joe Garagiola and several prominent businessmen gathered outside the America West Arena as Phoenix Suns president Jerry Colangelo outlined his plan to get a ...
Posted: December 6, 2017, 9:31 am
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