Net Worth: Jeffrey Vinik, Owner of Tampa Bay Lightning
Current owner of professional hockey team, the Tampa Bay Lightning, Jeffrey Vinik, has created a massive net earning for himself between sports team and real estate ownership. Jeffrey Vinik has an estimated net worth of $515 million.
Vinik owns the Tampa Bay Lightning (NHL) and the Tampa Bay Storm (AFL), and is also a minority owner of the Boston Red Sox (MLB). He purchased the Tampa Bay Lightning in 2010 for $170 million.
He made his start in business at the Fidelity Magellan Fund, where he averaged a 17 percent of annual returns. He then started Vinik Asset Management, which earned investors 93.8% in it’s first year.
Vinik is heavily reported on for his many lucrative real estate investments. Most recently, Vinik spent $150 million to buy the Tampa Marriott Waterside Hotel & Marina.
In 2013, Vinik purchased a $4.25 million waterfront mansion in Sarasota, Florida, and tore it down in order to rebuild a three-story mansion in its place. Vinik and his wife also reportedly purchased another home next door for $3.2 million, and another nearby home at $2.5 million.
All together,
Jeffrey Vinik’s estimated net worth is $515 million.
