Fred Wilpon Net Worth

How much is Fred Wilpon Worth?

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Fred Wilpon Net Worth
Net Worth:
$500 Million
Date of Birth
November 22, 1936
Place of Birth
Brooklyn
Profession
Businessperson

Fred Wilpon net worth: Fred Wilpon is an American real estate developer who has a net worth of $500 million. Fred Wilpon is the Co-Founder and Chairman of Sterling Equities (SE), a real estate company that serves in building projects across the US, mainly in New York. Together with Saul Katz, Wilpon established the company back in 1972. Since the 80's, SE owns New York Mets, where Wilpon is a majority shareholder and Chairman. While his son, Jeff, serves as the COO of the Mets and Executive Vice President of Sterling. A graduate of the University of Michigan, Wilpon has acquired extensive experience in all aspects of the real estate industry, and among other things he served as the Senior Executive of many diversified businesses. He has become the subject of controversy for his investments with Bernie Madoff in 2008, when Madoff was convicted for running a Ponzi scheme. Reportedly, Wilpon lost $700 million because of Madoff, which triggered speculation that he may be forced to sell the team. Eventually, Mr. Wilpon agreed to pay $162 million to the trust for Madoff's victims. Thus, the Mets were in financial setbacks in recent years, not having enough money to sign big league players. Fred Wilpon allegedly lost as much as $700 million in the Bernie Madoff ponzi scheme fraud.

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Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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Fred Wilpon

Fred Wilpon

Fred Wilpon is a real estate developer, baseball executive and the majority owner of the New York Mets. Wilpon was strongly suspected to have had intimate knowledge of the Madoff Investment Scandal throughout his ownership of the Mets.
Profession
Date of Birth
  • November 22, 1936
Ethnicity
  • White American
Nationality
  • United States of America
Country
  • United States of America
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