06-08-06 - 1


The story of how Jerry Buss got his fortune is pretty amazing. He was a physical chemist on a small salary, and the family just saved and saved and bought real estate. He got lucky and was buying in a big slump in LA values, and was able to buy lots of apartments over the years which provided income and equity. With that money he bought up the seedy Sunset Strip, which then turned around and he made a mint. I can't find any more details online, if you can, drop me a link.

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old rants