Bud Adams Net Worth: An American Billionaire Businessman
In this article, we delve into the life and net worth of Bud Adams, an American billionaire businessman and owner of the Tennessee Titans NFL team. This article explores his early life, career, personal life, and the components that contributed to his impressive net worth. So, let’s dive in and discover the financial journey of Bud Adams.
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1.1 billion at the time of his death in 2013 | Not Available | January 3, 1923 | Bartlesville, Oklahoma | Male | Not Available | Businessman | American |
Highlights
– Bud Adams had a net worth of $1.1 billion at the time of his death in 2013.
– He was best known for owning the NFL team, the Tennessee Titans.
– Adams made his first fortune in the oil business.
Early Life
Bud Adams, born on January 3, 1923, in Bartlesville, Oklahoma, was the son of K.S. “Boots” Adams and Blanch Keeler Adams. His father served as the president of Phillips Petroleum Company. Adams graduated from Culver Military Academy and later attended the University of Kansas, where he played football and earned an engineering degree.
During World War II, Adams served in the United States Navy. After his discharge in 1946, he settled in Houston, Texas, where he showed early interest in purchasing an NFL team.
Career
In 1959, Adams attempted to purchase the Chicago Cardinals with the aim of relocating them to Houston. However, his efforts were unsuccessful. Undeterred, he collaborated with Lamar Hunt, another prominent figure in the oil industry, to form their own football league. This league eventually became the American Football League (now part of the NFL).
Adams gained significant wealth through his ownership of the Tennessee Titans. He brought the team to Tennessee as the Tennessee Oilers after purchasing it from Houston. Adams also ventured into other businesses, including the petroleum industry as the Chairman and CEO of Adams Resources & Energy Inc, and owning several Lincoln-Mercury automobile franchises. Additionally, he owned the Houston Mavericks ABA basketball franchise from 1967 to 1969.
Personal Life
Bud Adams was married to Nancy Neville Adams for 62 years until her passing in February of 2009. They had two daughters, Susan and Amy, and a son named Kenneth S. Adams III, who sadly died in June of 1987 at the age of 29.
Adams was an enrolled member of the Cherokee Nation and actively supported the Cherokee National Historical Society.
Net Worth Over Time
Bud Adams’ net worth steadily grew throughout his career. At the time of his death in 2013, his net worth was estimated to be $1.1 billion. This significant wealth was a result of his successes in the oil business, the rising value of the Tennessee Titans, and his various business ventures.
Components of Net Worth
There were several components that contributed to Bud Adams’ impressive net worth:
1. The Tennessee Titans: Adams’ ownership of the NFL team played a significant role in his net worth. As the value of the team increased over time, so did his wealth.
2. Oil Business: Adams initially garnered his fortune in the petroleum industry as the Chairman and CEO of Adams Resources & Energy Inc.
3. Other Business Ventures: Adams owned several Lincoln-Mercury automobile franchises and the Houston Mavericks ABA basketball franchise, further diversifying his sources of income.
In conclusion, Bud Adams was a successful American billionaire businessman whose net worth reached $1.1 billion at the time of his death. Through his ownership of the Tennessee Titans and his ventures in the oil and automotive industries, Adams created a significant wealth legacy. His contributions to the business and sporting worlds will not be forgotten.