Bruce Wilpon stands as a remarkable figure with a diverse portfolio of achievements. As the co-founder and Chief Executive Officer of Fountain Beverage Co. and a Partner at Sterling Equities, he has forged a path marked by innovation and leadership.
As the son of the accomplished real estate developer and former New York Mets owner, Fred Wilpon, Bruce Wilpon is not just following in his father’s footsteps, he is making strides of his own.
Bruce Wilpon biography
Bruce Wilpon is the co-founder and the Chief Executive Officer of Fountain Beverage Co. Furthermore, he is a Partner at Sterling Equities.
Wilpon’s academic journey saw him study political science and government at Brown University.
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Bruce Wilpon career
Wilpon served as a community manager at Lerer Hippeau Ventures from August 2011 to April 2016. In 2019, Wilpon became the co-founder of two organisations – Fountain Beverage and EBBS Brewing Co. Wilpon also serves as an Angel Investor at RebelMouse and takes on the responsibility of being an Advisory Board Member at Grant Barco Capital.
Notably, he has previously served as a Limited Partner and Community Manager at Lerer Hippeau Ventures. Moreover, he is the co-founder of America Semiconductor, a distinguished manufacturer of high-power semiconductors.
Bruce Wilpon’s net worth
Although Wilpon’s net worth is not known, his father has an estimated net worth of $800 million, according to Celebrity Net Worth
Bruce Wilpon family
The name of Wilpon’s father is Fred Wilpon and the name of his mother is Judy Kessler. He has a sister named Robin Wilpon and a brother named Jeff Wilpon.
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Fred Wilpon
Fred Wilpon, born on November 22, 1936, is an American real estate developer and former baseball executive. He held the role of principal owner of the New York Mets from 1987 to 2020. Wilpon hails from a Jewish family and was raised in Bensonhurst, Brooklyn. His father, Nathan Wilpon, managed a funeral home.
Fred Wilpon attended Lafayette High School in Brooklyn and harboured a strong passion for baseball, even pitching during his freshman year in college until an injury halted his playing career.
In 1958, he earned his B.A. degree from the University of Michigan. After college, he briefly worked in calculator sales, while his wife worked as a secretary for Branch Rickey, the former president of the Brooklyn Dodgers, whom Fred knew from their neighborhood.
In 1972, Wilpon co-founded Sterling Equities, a commercial real estate development company, with his brother-in-law, Saul Katz. Their venture found success with the development of townhouses in Tarrytown, a suburb in Westchester County. Seeking tax advantages, they invested in real estate across the country, which turned out to be a wise move as they unknowingly purchased properties at the market’s bottom. Wilpon continues to serve as the company’s chairman.
In 1980, Wilpon initially acquired a one-percent stake in the Mets when Charles Shipman Payson sold the team, with Doubleday & Co. holding the remaining interest. Over time, he increased his ownership stake to five per cent. In 1986, a significant development occurred when Doubleday & Co. was sold to Bertelsmann AG, and Wilpon, having a right of first refusal, threatened to exercise it.
Ultimately, Doubleday and Wilpon agreed to purchase the Mets for $81 million, with each holding a 50 per cent stake. In 2002, the Wilpon family acquired the remaining 50 per cent from Doubleday for $391 million, giving Fred Wilpon sole ownership of the Mets. He served as the team’s president from 1980 to 2002, CEO from 1980 to 2020 and chairman of the board from 2002 to 2020.
In September 2020, a significant deal was reached for billionaire hedge fund manager, Steve Cohen, to purchase 95 per cent of the Mets from Wilpon, his son, Jeff Wilpon (Chief Operating Officer); and co-owner Saul Katz for approximately $2.4 billion. This deal was approved by MLB’s owners on October 30, 2020.
Bruce Wilpon age
There is limited information about Wilpon’s age.
Bruce Wilpon LinkedIn
Bruce Wilpon can be found on LinkedIn here.
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