Fred Wilpon’s Net Worth, Biography, Career, Awards, Fact and Life Story

Fred Wilpon net worth: Fred Wilpon is an American real estate developer who has a net worth of $800 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.

Wilpon and Sterling Equities famously owned the New York Mets from 1986 to 2020. Wilpon was the majority shareholder and Chairman while his son, Jeff, served as the COO of the Mets and Executive Vice President of Sterling.

Bernie Madoff: Wilpon was one of the most high-profile victims of Bernie Madoff’s Ponzi scheme. It would later be reported that Wilpon lost $700 million because of Bernie Madoff. His losses were so large that at one point there was speculation that Fred would be forced to sell the Mets. Fred Wilpon eventually agreed to pay $162 million to the trust for Madoff’s victims.

In September 2020 Fred and his partners sold the Mets to hedge fund manager Steven A. Cohen for $2.35 billion.