David Tepper and his Carolina Panthers

[TheSpecialJuan]

Forbes valued the net worth of Carolina Panthers owner David Tepper at $11 billion when he purchased the team for an NFL record $2.275 billion in 2018. Four seasons later, none with a winning record, the magazine says Tepper has a net worth of $16.7 billion. The Panthers now are valued at an estimated $2.91 billion.

 

David Newton, ESPN Staff Writer

[Michael G]

Its not hard for the rich to make money!

[TheSpecialJuan]

1 minute ago, Michael G said:

Its not hard for the rich to make money!

Jim Carrey was great in this 

[LinvilleGorge]

Wealth on paper: 

 

Results in football:

[raleigh-panther]

Carolina Panthers’ David Tepper is one of the world’s 10 richest sports team owners

 

BY ELLIS L. WILLIAMS

[email protected]

1 hour ago

Carolina Panthers owner David Tepper doesn’t speak much publicly, but his money sure is loud. 

Forbes magazine released its annual ranking of the world’s richest sports team owners Tuesday. Tepper, 64, who also owns Charlotte FC and has a net worth of $16.7 billion, came in at No. 8 on the list. Despite rampant inflation and a volatile market, Tepper’s worth has increased by nearly $1 billion from year year, an improvement of 15 percent.

He is still the NFL’s richest owner, worth $6 billion more than the league’s second-wealthiest owner, Stanley Kroenke. Dallas Cowboys owner Jerry Jones is the third richest owner ($10.6 billion), followed by Patriots owner Robert Kraft ($8.3 billion).
 

The Panthers have not had a winning season under Tepper, who bought the team in 2018 from Jerry Richardson for $2.275 billion. But NFL teams make money regardless of record. Carolina is worth an estimated $2.91 billion, $600 million more than what Tepper bought the Panthers for. 

Tepper is the fourth wealthiest American sports owner. Steve Ballmer (Los Angeles Clippers), Dan Gilbert (Cleveland Cavaliers) and Steve Cohen (New York Mets) all rank above Tepper. Due to his stake in Microsoft, Ballmer is the world’s richest owner with a net worth of $91.4 billion. 

Tepper jumped Memphis Grizzlies owner Robert Pera after his wealth decreased by nearly 20% this year. Of Forbes’ 400 richest people in the world, Tepper ranks 103rd.

[Mr. Scot]

4 minutes ago, LinvilleGorge said:

Wealth on paper: 

 

Results in football:

"The first thing I care about...is winning."

 

Yeah, that was a good one

[frankw]

I doubt anyone should be surprised. The NFL viewership has been up at a record pace all through the playoffs and Super Bowl. Despite the theatrics from time to time about morality this country obviously loves to watch the sport. So yes Tepper is certainly going to see returns on his investment. Give it time and he will be asking the city for a new stadium

[Move the Panthers to Raleigh]

Money can’t buy you everything. Tepper had the hubris that he was gonna walk in here and buy wins and respectability. Doesn’t work when you know fug all about professional football.

[TheWiz]

Yea.... but inflation is a thing. Just because the amount goes up doesnt mean that its worth the same. Have you tried to buy a car? Or a sandwich? A lot of people are making more money... but the cost of things is higher. 

Numbers do lie. 

[@bonafidebanter]

29 minutes ago, TheWiz said:

Yea.... but inflation is a thing. Just because the amount goes up doesnt mean that its worth the same. Have you tried to buy a car? Or a sandwich? A lot of people are making more money... but the cost of things is higher. 

Numbers do lie. 

Numbers never lie, you can make them say what you want them to. 

[PghPanther]

Simple.........he wins.

......and the rest of you interested in the Panthers lose.

[chknwing]

umm he owns a MLS team now too. Pretty sure that had something to do with it.

[gofightwin]

Shocking that a hedge fund manager has had yearly 11% gains over the past 4 years on his investments. Lol.

stocks are cool and can go up in price if you are smart! It’s almost like he made 11 billion in the stock market before owning a team.

[TheSpecialJuan]