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Fred Wilpon (born November 22, 1936) [1] is an American real estate developer and former baseball executive. He was principal owner of the New York Mets from 1987 to 2020. Early life and education
Nelson Doubleday Jr. & Fred Wilpon (1986–2002) Sterling Equities (2002–2020) Steven A. Cohen (2020–present) Current ownership.
It was founded in 1972 by Fred Wilpon (Chairman) and Saul Katz (President), Wilpon's brother-in-law. [6] [9] [10] It has developed a number of properties, including the tower at 450 Lexington Avenue. [6] [11] It built Citi Field $40 million under budget, and took over development of a Willets Point project. [6] [12]
Mandatory Credit: Photo by Seth Wenig/AP/Shutterstock (6306116t)Jeff Wilpon, Fred Wilpon Jeff Wilpon, left, and Fred Wilpon, right, at a news conference, at Citi Field in New YorkMets Baseball ...
Wilpon was born to a Jewish family, the son of Judy (née Kessler) and Fred Wilpon, the co-founder of the real estate development firm Sterling Equities and former majority owner of the New York Mets. He has two siblings. His sister, Robin Wilpon, is married to Phillip Wachtler, son of former Chief Judge of the New York Court of Appeals, Sol ...
The Wilpon family will stick around a little longer before selling the Mets.
Saul Katz, Fred Wilpon, and Jeff Wilpon were portrayed as co-conspirators in the Bernie Madoff Ponzi scheme. [26] Sterling Equities and individuals affiliated with Katz and Wilpon received $300 million in respect of investments in the Bernard Madoff Ponzi scheme . [ 27 ]
The group that bought the Mets for an estimated $22 million (the largest amount paid for a ball club to that point) was headed by Nelson Doubleday Jr. and Fred Wilpon. [1] Doubleday was head of the old and distinguished publishing company that bore his name, while Wilpon was a highly successful real-estate developer.