Fred Wilpon Net Worth


Fred Wilpon has a net worth estimated at $500 million. He was born on 22nd November 1936 in Bensonhurst, Brooklyn, New York City. Wilpon, a co-founder of Sterling Equities, is also known for being one of the owners of the baseball franchise team New York Mets in the MLB. His career began in 1972.

Wilpon’s net worth of $500 million was estimated in mid-2016. He grew up in a Jewish family and attended Lafayette High School in Brooklyn before joining the University of Michigan. Despite being passionate about baseball and having been a pitcher, an injury ended his career prematurely.

In 1972, Wilpon and his brother-in-law, Saul Katz, established Sterling Equities. They ventured into real estate development, becoming one of the largest companies in the US. He then extended his business to sports and fulfilled his dream of owning a baseball team in 1980 by purchasing a small share of the New York Mets. Eventually, he became the majority owner and chairman of the board.

However, Wilpon faced a setback when he lost approximately $700 million in a Ponzi scheme orchestrated by Bernard Madoff, resulting in a $162 million settlement in a lawsuit by the victims. Despite this, he is also known for his philanthropy, particularly for his donations to the University of Michigan.

Married to Judy Kessler since 1960, the couple has three children. His sons are actively involved in his business. An overview of his personal and professional details is as follows:

– Net Worth: $500 Million
– Date Of Birth: November 20, 1936
– Place Of Birth: Brooklyn, New York City, New York, United States
– Profession: Businessperson
– Education: Lafayette High School, University of Michigan
– Nationality: American
– Spouse: Judy Kessler
– Children: Jeff Wilpon
– Parents: Nathan Wilpon
– Siblings: Iris Katz, Richard Wilpon


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