Joan Colangelo: Jerry Colangelo Wife and Net Worth In 2022

The businessman and sports executive Jerry Colangelo is married to Joan Colangelo. They have been married for years now.

Jerry, a devoted husband, and father, married Joan, a classmate from the University of Illinois, in 1961. Raising their close-knit family, which consists of three daughters, Kathy Holcombe, Kristen Brubaker, and Mandie, at approximately the same level as one son, Bryan Colangelo, he attributes the most responsibility to Joan. Ten grandchildren complete the family album.

Bryan Colangelo plays basketball for the University of Chicago in college. Bryan, the Philadelphia 76ers’ president of basketball operations, resigned in 2018 after his wife acknowledged running Twitter accounts under his name that exposed private information about the team and disparaged players. Barbara Bottini, Colangelo’s wife, admitted to creating and managing the charges, and a Paul, Weiss, Rifkind, Wharton & Garrison LLP investigation discovered forensic evidence to support her claims.

Jerry Colangelo’s strong faith and conviction that God has a purpose for everyone’s life serve as his compass. “At the core of my beliefs is this conviction: that every person must seize every opportunity to survive his life in service to his faith, values, and dreams.” These beliefs guide every day of this sports business owner and volunteer in the community.

By 2022, Jerry Colangelo would have amassed a sizeable $300 million earnings.

Colangelo, a former owner of five professional sports teams in Arizona, including the Phoenix Suns and Arizona Diamondbacks, has an astounding $300 million in wealth. The Phoenix Suns became Arizona’s first significant professional sports franchise in 1968. Despite already serving as a scout for the Chicago Bulls, Colangelo was chosen to serve as the Suns’ first general manager. Colangelo earned the position of head coach for the 1970 and 1972–1974 seasons, putting his superior general management skills on display by compiling a 59–60 overall record.

Colangelo put together a group and bought the Phoenix Suns’ majority ownership in 1984, becoming the team’s owner and general manager. He stayed on the team until 1995 when his son Bryan took over. Jerry Colangelo was raised in a family that was middle class. He went to Bloom Township High School, where he was a standout baseball and basketball player for the school squad.

Jerry enrolled at the University of Kansas after matriculation. Still, he later changed schools to the University of Illinois, where he continued to play basketball for the school’s squad, the Illinois Fighting Illini.

Soon after graduating from college, Jerry began his professional career by working for the Chicago Bulls as a scout and assistant to the director, which was the primary source of his wealth.

He left the Bulls, though, and joined the Phoenix Suns as general manager in 1968, becoming the league’s youngest GM. His first few seasons as the Suns’ general manager were unsuccessful, but things turned around later, and the Phoenix Suns became a renowned NBA team. His wealth increased in line with the club’s success. Jerry was the franchise’s owner from 1987 until 2004, when he sold it to Robert Sarver for $401 million, along with the team’s Phoenix Mercury and Arizona Rattlers, which he owned. Bryan eventually took over as GM from 1995 to 2006, becoming even more successful. This significantly raised his wealth.

To elaborate on his achievements, in 2005, Jerry was appointed director of the USA basketball team, which would play in the 2008 Beijing Olympics and the 2010 FIBA World Championship. This position significantly increased Jerry’s wealth. In 2009, he was given the title of chairman of the Naismith Memorial Basketball Hall of Fame, which he is still in.

He currently serves as the Philadelphia 76ers’ special advisor, which has boosted his net worth.