Jim Irsay dies at 65: What is the Indianapolis Colts owner's fortune? Who will inherit it now?

Jim Irsay , the longtime owner and CEO of the Indianapolis Colts , passed away peacefully in his sleep on May 21, 2025, at the age of 65. The team confirmed his death, noting his dedication, passion, and generosity toward both the Colts and the community . Irsay had been dealing with various health issues in recent years, including a fall at home, a respiratory illness, and ongoing recovery from surgeries .

Irsay assumed control of the Colts in 1997 after the death of his father, Robert Irsay, who had purchased the franchise in 1972 for $12 million . Under his leadership, the Colts achieved significant success, including a Super Bowl victory in 2007. Irsay was known for his love of music and deep commitment to his team and community .

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— Indianapolis Colts (@Colts) May 21, 2025

Forbes recently estimated Irsay’s net worth at $4.8 billion . He inherited the Colts from his father and has been instrumental in the team's success. In addition to his role with the Colts, Irsay was known for his philanthropy, including donations to mental health initiatives and music-related causes .

Irsay is survived by his three daughters: Carlie Irsay-Gordon, Casey Foyt, and Kalen Jackson . In 2013, he named Kalen Jackson as Vice Chair and Owner of the Colts, despite holding the majority ownership himself . This move was seen as a step toward ensuring a smooth transition of ownership. While the Colts have not yet announced formal succession plans, Jackson's involvement with the team suggests she may play a significant role in its future.

Beyond football, Irsay was an avid collector of music memorabilia, owning items such as guitars once owned by David Gilmour and Kurt Cobain . He also supported various charitable causes, including the Kicking The Stigma initiative aimed at raising awareness about mental health disorders .