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.
Fred Wilpon Net Worth
Have something to add to this net worth? Share it by adding comments below.
Date of Birth
Nov 20, 1936
United States of America
The Incredible Story Of How Young Jeezy Ended Up Bringing $2 Million In Cash To A Photoshooton Jul 29, 2015
Instead Of Earning Hundreds Of Millions Of Dollars, The Co-Founder Of Domino's Pizza Made One Huge Mistake...on Jul 29, 2015
How New Clippers Forward Josh Smith Just Became The Most Despised Man In The NBAon Jul 28, 2015
Meet The Family That Built Their $14 Billion Fortune On OxyContinon Jul 28, 2015
Will Chris Brown Finally Turn His Life Around After A Series Of Recent Troubles?on Jul 29, 2015
The 15 Highest Paid Authors In The World Right Nowon Jul 27, 2015
Think Your Extended Family Hates You? Well, At Least You Never Cost Them $4.3 Billion...on Jul 28, 2015
Warren Buffett's Son Is Waging A War Against African Poachers. And It's Not A War Of Words.on Jul 29, 2015
This Week in Celebrity Car News (July 21 – July 28)on Jul 29, 2015
Bobbi Kristina Brown Has Died. R.I.P. What Happens To Her Money Now?on Jul 27, 2015
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
- Are NFL Fans Finally Getting Tired Of Paying Too Much To Watch Football?When DirecTV came out with the Sunday Ticket, making it possible for fans to watch their favorite team even if they are in the wrong market, it was heralded as a great thing. Now, it is being called "too expensive."
- How One Lucky Man Turned A 50 Cent Bet Into Almost $500K At The Horse TrackWhat would you say if someone walked up to you and said he won $471,000 at the racetrack, and that all it cost him was a measly 50 cents? Would you call him a liar?
- Weekend Box Office Review For July 24-26thAnt-Man held on to the #1 spot, but how did other movies stack up?
- The Time Donald Trump Sued a Journalist For $5 BillionDonald Trump's arguing with reporters over his net worth is not a new phenomenon. Wait til you hear what happened between Donald and a NY Times reporter back in 2004...