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Grizzly Bulls’ Billionaires Index

⬅ # 772 Andrei Kozitsyn|# 774 Jayshree Ullal ➡

# 773 Jeremy Jacobs Sr 

$4.43B

Real Time Net Worth
as of 11/18/2024

# 773 Jeremy Jacobs Sr 

$4.43B

Real Time Net Worth
as of 11/18/2024
OccupationChair, Delaware North; Owner, Boston Bruins
Source of WealthFood Service
Age84
ResidenceEast Aurora, New York
Marital StatusMarried
Children6
EducationBS, SUNY Buffalo
Age-Adjusted Net Worth$872.77M
Jeremy Jacobs Sr
Jeremy Jacobs Sr
United States
Net worth: $4.43B

Self-Made Score 

TAG Heuer Formula 1 Chronograph

Wealth History

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Biography

Overview

Jeremy Jacobs Sr. is the owner of the NHL's Boston Bruins and chairman of Delaware North, a global leader in hospitality and food service management.
Jacobs inherited Delaware North from his father, who founded the business in 1915, initially selling concessions in theaters and later expanding to major league ballparks.
His wealth primarily stems from his ownership of Delaware North and the Boston Bruins, along with diverse investments and philanthropic endeavors.

Early Life and Education

Jeremy Maurice Jacobs Sr. was born on January 21, 1940, in the United States.
He is the son of Genevieve and Louis Jacobs, with a mixed heritage of Irish Catholic and Jewish Polish immigrants.
Louis Jacobs and his brothers founded a concessions business in 1915, which Jeremy later took over at age 28 after his father's passing in 1968.
Jacobs holds a Bachelor of Science degree from the State University of New York at Buffalo School of Management.
He also attended the Harvard Business School Advanced Management Program.

Career

Jeremy Jacobs Sr. owns and operates Delaware North, headquartered in Buffalo, New York, which operates globally in hospitality and food services.
He relinquished the CEO title in 2015, appointing family members to key positions within the company.
Jacobs also owns the NHL's Boston Bruins, leading the team to success, including a Stanley Cup win in 2011.
Despite controversies, such as the 2012–13 NHL lockout, Jacobs remains actively involved in NHL governance.
Forbes estimates his net worth to be around $2.8 billion as of November 2021.

Philanthropy

Jacobs has made significant philanthropic contributions, notably donating to cancer research, education, and community development.
He donated $1 million to establish an endowed chair in immunology at Roswell Park Comprehensive Cancer Center.
A $10 million gift established the Jacobs Institute at the University at Buffalo for heart and vascular disease research.
Jacobs and Delaware North contributed to the restoration of the Frank Lloyd Wright-designed Martin House in Buffalo.
He pledged $100,000 to The One Fund Boston for victims of the Boston Marathon bombing and donated $30 million to the University at Buffalo's medical school.

Personal Life

Jeremy Jacobs Sr. resides with his wife, Margaret, in Elma, New York, and Wellington, Florida.
They have six children: Jeremy Jr., Louis, Charles, Margaret Lynn, Katie Louise, and Lisann Jane.
His children hold prominent roles within Delaware North and other professional endeavors.
Jacobs has received honorary doctorates from several universities and serves on various advisory boards.
He has been involved in political contributions and owns an interest in NESN, the New England Sports Network.

Jeremy Jacobs Sr's Wealth is Equivalent to:

3,408,006 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

837,654 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

45,245 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Jeremy Jacobs Sr?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Jeremy Jacobs Sr's net worth of $4.43B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Jeremy Jacobs Sr is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jeremy Jacobs Sr, Food Service is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey