Fred Wilpon’s net worth is $500 Million. Also know about Fred Wilpon bio, salary, height, age weight, relationship, and more …

Fred Wilpon Wiki Biography

• Fred Wilpon was born on 22 November 1936 in Bensonhurst, Brooklyn, New York City, USA, and is a businessman best known in the world as the co-founder of Sterling Equity, a real estate development company. 
• Also, Fred meets at the MLB in one of the founders of the New York Baseball Franchise Team. 
• Since 1972, his career has been active. 
• It has been estimated, according to reliable sources, that Fred Wilpon’s net worth is as high as $500 million, a sum he has earned through his prosperous career as a businessman. 
• Fred grew up in a Jewish family that had a significant impact on his upbringing. 
• He went to Lafayette High School in Brooklyn, where he enrolled at the University of Michigan. 
• While there, he fell in love with baseball and was a pitcher in his junior year, but he was injured and forced to finish his career even before it started. 
• He sold calculators after college, before joining his wife’s partner, Saul Katz, to start Sterling Equity in 1972. 
• His first business venture was very profitable, as they designed townhouses in Tarrytown, as was their next venture, as the two wanted to purchase low-cost properties nationally, in order to escape high tax costs, actually at the bottom of the period. 
• Fred managed to extend his company to sports, and also to satisfy his dream to have a baseball team. 
• Back in 1980, Fred had purchased one percent of the New York Mets from Charles Shipman Payson. 
• The remainder of the team was owned by the publishing company Doubleday & Co., but in 1986 the president of the company, Nelson Doubleday Jr., agreed to sell the team to Bertelsmann AG, but Fred bought 50 percent of the ownership for $81 million. 
• In 2002, Fred’s stake in the New York Mets grew when he purchased the remaining Doubleday interest for $391 million and became the majority owner. 
• Fred assumed the position of president of the team in 1980 and served until 2002. 
• He is now the Chairman of the Board, taking that position in 2003. 
• However, Fred was a survivor of the Ponzi scam, carried out by so-called multiple investors, including Bernard Madoff, in which Fred lost about $700 million and ultimately needed to pay $162 million to settle the victim’s lawsuit. 
• In addition to his wife, Fred contributed $5 million to the University of Michigan to found the Irene and Morris B. Kessler Presidential Scholarship Fund, to honor his wife’s parents, and to fund the University of Michigan Bone & Joint Injury Prevention & Rehabilitation Center, among other donations. 
• As for his personal life, Fred has been married to Judy Kessler since 1960; the couple has three children together. 
• His sons are deeply involved in his business, and one of his sons is employed by Lerer Hippeau Ventures is a limited partner and community manager. 

Fred Wilpon Quick Info