Lurie is the owner of the Philadelphia Eagles and has led the team to great success on the football field. He is also a well-known figure in the business world. The interesting fact about his finances is a key part of getting to know the man behind the team. This article starts a journey into Jeffrey Lurie’s net worth by revealing the layers of his wealth that he has built up through smart business deals, Hollywood wins, and, of course, his successful leadership of the Eagles.
What is Jeffrey Lurie’s Net Worth?
Jeffrey Lurie is a businessman, film producer, and professional sports franchise owner with a net worth of $5 billion. Jeffrey Lurie is best known as the owner of the Philadelphia Eagles of the National Football League. He has been the Eagles’ owner since 1994.
He paid $195 million for the franchise. Lurie obtained a $190 million loan from the Bank of Boston to purchase the Eagles. The team is now worth $5 billion. In 2018, Lurie and the Eagles won their first Super Bowl, defeating the New England Patriots.
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Jeffrey Lurie was born into affluence. His grandpa, Philip Smith, owned the General Cinema movie theater network, which was worth $3.7 billion when Lurie was a child.
Prior to joining the NFL, Lurie worked at his grandfather’s General Cinema Corporation and formed Chestnut Hill Productions, a film and television production company. The Lurie-produced documentary “Inside Job” received an Academy Award for Best Documentary Film in 2011.
Jeffrey Lurie’s Early Childhood and Education
Jeffrey Lurie was born in Boston, Massachusetts on September 8, 1951, to Jewish parents Morris and Nancy. Philip Smith, the founder of the General Cinema movie theater business, was his maternal grandpa.
During its peak, the company ran the fourth-largest movie theater chain in the United States. It also possessed publishing firms, insurance companies, and a consultancy firm after growing into the multibillion-dollar conglomerate Harcourt General.
Lurie has a brother, Peter, and a sister, Cathy. He attended Clark University in Worcester for his higher education. Lurie went on to get a master’s degree in psychology from Boston University and a doctorate in social policy from Brandeis University after graduating. He later returned to Boston University as an adjunct assistant professor.
Jeffrey Lurie’s Career Beginnings
Lurie left academics in 1983 to join his grandfather’s General Cinema Corporation, which was led at the time by his uncle Richard A. Smith. Lurie worked as an executive in the corporation, liaising with the Hollywood production community.
Jeffrey Lurie’s Chestnut Hill Productions
Lurie established his own production firm, Chestnut Hill Productions, in 1985. Initially, the company had a multi-film collaboration with TriStar Pictures. Other companies, including MGM, Paramount, and Warner Bros., bought Chestnut Hill projects in 1987.
Lurie went on to produce “Sweet Hearts Dance,” a 1988 dramedy starring Don Johnson, Susan Sarandon, Jeff Daniels, and Elizabeth Perkins. Two years later, he produced Lawrence Kasdan’s black comedy “I Love You to Death,” which starred Kevin Kline, William Hurt, Tracey Ullman, Joan Plowright, and River Phoenix among others.
Lurie later produced “V.I. Warshawski,” an action-comedy criminal picture starring Kathleen Turner as a Chicago-based private investigator. The 1996 teen drama “Foxfire,” based on the Joyce Carol Oates novel and starring Hedy Burress, Angelina Jolie, Jenny Shimizu, Jenny Lewis, and Sarah Rosenberg, was his final picture as a producer at Chestnut Hill.
Jeffrey Lurie’s Oscar Victories
Lurie has received several Oscars for her work as an executive producer on documentaries. His first was for Charles Ferguson’s Best Documentary winner “Inside Job,” which focused on the late-2000s financial crisis.
Lurie won Best Documentary Short Subject two years later for executive producing Sean Fine and Andrea Nix’s “Inocente,” a film about an illegal, homeless 15-year-old girl in California. Lurie earned a third Academy Award for his work on the documentary “Summer of Soul,” directed by Ahmir “Questlove” Thompson in 2021. The film delves into the 1969 Harlem Cultural Festival and its historical setting.
Jeffrey Lurie’s Ownership of the Philadelphia Eagles
Lurie, a native of Boston, had long supported his hometown professional sports teams, the Boston Red Sox and the New England Patriots. As a result, when he first tried to buy a sports team in 1993, he attempted to buy the Patriots. Lurie withdrew out of the auction because his uncle objected to the $150 million price tag. He then stated his desire to purchase the Los Angeles Rams and invest in a Baltimore expansion team.
In the end, Lurie and his mother bought the Philadelphia Eagles from owner Norman Braman for $195 million in 1994, after borrowing $190 million from the Bank of Boston. To repay the loan, Lurie used millions of dollars in equity capital from his own stock in Harcourt General, as well as collateral from his stock in the family trust.
Lurie’s greatest achievement as Eagles owner occurred in 2018 when the team won Super Bowl LII. They defeated Lurie’s hometown Patriots by a score of 41-33. The Eagles’ only other Super Bowl appearance came in 2005 when they were defeated by the Patriots 21-24.
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Jeffrey Lurie’s Personal Life
Lurie married his first wife, former actress Christina Weiss, in 1992. They met during the pre-production stages of the film “I Love You to Death,” when Weiss was working for Lurie’s production firm. The couple had two children: a daughter named Milena and a son named Julian. Lurie and Weiss divorced in 2012, and as part of the settlement, the latter received ownership interest in the Eagles. Lurie married Tina Lai in 2013 as a result of this.
In conclusion, Jeffrey Lurie, the energetic owner of the Philadelphia Eagles, is not only a sports powerhouse but also a multidimensional personality with a $5 billion net worth. Lurie’s journey displays a deliberate blend of financial acumen and artistic aspirations, from his early days in academics to his prominent career in the entertainment sector.
