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Jerry Krause Net Worth

Jerry Krause net worth
Jerry Krause Image
Celebrity Name:Jerry Krause
Real Name:Jerome Richard Krause
Age:77 aged
Date Of Birth:6 April, 1939
Birth Place:Chicago, Illinois, United States
Marital Status:Married
Profession:Sports scout, general manager
Net Worth in 2024:$5 million

Jerry Krause Net Worth 

Jerry Krause is a prominent figure in the world of sports management, and left an indelible mark on the basketball scene, particularly during his tenure as the general manager of the Chicago Bulls.

Jerry Krause net worth is $5 million. As an executive, he has won 6 NBA titles and 2 NBA executive titles. 

Early Life

Jerry Krause’s real name is Jerome Richard Krause. He was born on April 6, 1939, in Chicago, Illinois, Krause’s early life set the stage for his later success. He attended Taft High School and Bradley University. 

Raised in a sports-centric environment, he developed a keen interest in basketball from a young age. This passion eventually led him to pursue a career in sports management.


After college, he worked as a scout with the Baltimore Bullets. Later he also worked with teams like the Phoenix Suns, Los Angeles Lakers, Cleveland Indians, Oakland Athletics, Seattle Mariners, Chicago White Sox, and Philadelphia 76ers. 

Krause’s professional journey gained momentum when he joined the Chicago Bulls as their scout in 1969. His eye for talent became evident as he played a pivotal role in drafting key players, including Michael Jordan. As the general manager from 1985 to 2003, Krause orchestrated the Bulls’ dominant era, securing six NBA championships in the 1990s. Despite his successes, Krause’s tenure was not without controversy, as his relationship with players, including Jordan, became strained. 

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Personal Life

Jerry Krause married Thelma Krause. The couple has 2 children David and Stacy. He suffered from osteomyelitis and passed away on 21 March 2017, two weeks before his 78th birthday.

Awards and Achievements

Krause’s legacy is in the numerous accolades and achievements he garnered throughout his career. He was a two-time NBA Executive of the Year (1988, 1996), a testament to his astute decision-making and strategic vision. His role in building the iconic Bulls dynasty solidified his status as one of the most successful executives in NBA history.


Jerry Krause net worth is $5 million. His salary as the general manager of the Chicago Bulls, combined with potential bonuses and incentives tied to the team’s success, contributed significantly to his overall financial standing.

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