Fred Wilpon, a former baseball executive and real estate developer, hails from the United States.
Fred Wilpon’s fortune is estimated to be $800 million.
He held the ownership of the New York Mets from 1987 to 2002 and was the sole owner from 2002 to 2020.
Wilpon’s initial wealth was derived from his co-founding Sterling Equities, a commercial real estate development firm.
Wilpon, one of the most high-profile victims of Bernie Madoff’s Ponzi scheme, was one of the victims of the firm, which he co-founded with his brother-in-law Saul Katz.
According to later reports, Wilpon suffered a loss of up to $700 million due to Bernie Madoff’s actions.
Fred’s losses were significant enough to prompt speculation that he might have to sell the Mets.
The trust for Madoff’s victims received a $162 million payment from Fred Wilpon, who eventually agreed to it.