Jerry Krause: Net Worth, Career, Work-Life, Kids, and More


Jerome “Jerry” Richard Krause turned into an American sports scout. He then worked as the general manager of the Chicago Bulls from 1985 to 2003.

Jerry Krause’s time with the Chicago Bulls team was lead by the legendary player Michael Jordan and included their six NBA championship between 1991 and 1998. In 1998 and 1996, Krause got the NBA Executive of the year award. In 2017, he also got the Basketball Hall of Fame.

Jerry Krause then started his professional life as a sportsman, scout, and then worked as a general manager for Baltimore Bullets, Chicago Bulls, and White Sox team.

Here in this post, we have mentioned everything about Jerry Krause net worth, profession, early life, and more. So let us get started.

Quick Facts about Jerry Krause

  • He was born on April 6, 1939
  • He is from Chicago, Illinois
  • He graduated from the Bradley University.
  • Jerry worked as the general manager for Chicago Bulls
  • Jerry Krause net worth is insignificant.
  • Jerry Krause had two step kids: Stacy and David.
  • Jerry’s had four beautiful grandchildren: Colette, Josh, Mia, and Riley.
  • Jerry resigned from the general manager position in 2003.
  • On 21 March 2017, Krause died on 21 March 2017 because of
  • Jerry also has his own documentary, “The Last Dance”.

Jerry Krause Early Life

Born on April 6, 1939, Krause grew up in Chicago and went to Taft High School in Chicago. He was a part of the High school baseball team as a catcher. Then he went to Bradley University.

After graduating from the Bradley University, he worked as a scout for the Baltimore Bullets, a basketball team. At Bradley University, he got the skills to spot young talents. Even today he is praised by many fans and industry experts for launching Earl Monroe, who became the Hall of Fame.

After this, he worked for different people like Phoenix Suns, Philadelphia, Los Angeles Lakers, and then settled with Chicago Bulls in 1985. It is said that he also worked as a Baseball scout and trained many people.

In the 1970s, he worked for Cleveland Indians, Oakland Athletics, Seattle Mariners, and more. Jerry then worked with the Chicago White Sox team till 1984.

During his time with the White Sox, he played an important role in signing Ozzie Guillén and Kenny Williams. Both of them led the White Sox to the World Championship in 2005.

Achievements of Jerry Krause

In this ever-growing career, 77-year-old Jerry Krause got continuous success. He faced many ups and down in the early years of his career. He grew his basketball team with courage and integrity.

He is known for his work for his club Chicago Bulls, because he gave his best as a General Manager. In leading the Chicago Bulls to their unparalleled glory and integration, he played an important role.

Jerry Krause net worth

During his work life, Jerry Krause was an accomplished sportsperson. During his days at Chicago Bulls as General Manager, he gathered many lovely memories of his past accomplishments.

He promised to make changes for the betterment of the team. He was also committed in every way to support his team and family.

One can assume that his net cumulative earnings are not modified, and Jerry Krause net worth is insignificant.

In 2017, he was inducted into the Basketball Hall of Fame for all accomplishments and services to his team and the association.

Jerry Krause vs. Michael Jordan

Jerry also has his own documentary, “The Last Dance”, and revolved around the Bulls during 1997-1998 because it was branded as the last year for the Bulls dynasty.

The first two episodes of the documentary saw Jerry Krause celebrating Phil Jackson’s one-year contract extension with the bulls, but at the same time, Krause started the 1997-98 season will be Jackson’s last year with the Bulls.

While Jerry Krause was busy fighting with Phil, he simultaneously distanced himself from the Bulls roaster and Michael Jordan.

Jerry Krause Kids

Jerry Krause had two step kids: Stacy and David. Jerry Krause made it to the news in 1996 and 1997 for inviting Tim Floyd, the then Iowa State head basketball coach, to his stepdaughter Stacy’s wedding. Jerry’s stepchildren had four beautiful grandchildren: Colette, Josh, Mia, and Riley.

Jerry Krause Wife Thelma

Jerry Krause’s wife, Thelma Krause, says that Jerry always wanted to be in the NBA Hall of Fame, and sports were his passion. According to her, Jerry says that he worked nonstop but believed he never worked a day in his life.

Later life and retirement

In 2003, Jerry resigned from the general manager position because of the physical problems he faced in the last few years. After resigning, the basketball team suffered the next season and fell from 23-58.

Then Jerry Krause worked as a scout at New York Yankees for some time. Then in 2005, he joined the New York Mets.

How did Jerry Krause Die?

Krause died at the age of 77 on 21 March 2017 because he suffered from a long-term health condition like Osteomyelitis.


Jerry Krause was a hard-working sportsperson who was born in Chicago and worked with many basketball teams to help them grow. He worked with the Chicago Bulls as the general manager for a very long time. He went to Bradley University and is known for his skills to find new talents who are amazing basketball players. Jerry is known for launching many young talents like Earl Monroe, the future Hall of Fame. Here in this post, we have mentioned Jerry Krause net worth, early life, career, and achievements during his work life.

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