Tom Dundon net worth: Here's how much new Portland Trail Blazers owner earns. Details inside
A person told the Associated Press that Dundon intends to keep the Trail Blazers in Portland. Now, the NBA Board of Governors will need to ratify the final purchase agreement.
Read More: Buccaneers rookie Desmond Watson asked to lose weight before NFL debut
Allen, co-founder of Microsoft, died in 2018 at age 65 from complications of non-Hodgkin lymphoma. Since then, his sister, Jody Allen, has served as chair of the Trail Blazers and the NFL's Seattle Seahawks and is a trustee of the Paul G Allen Trust.
While the Allen trust is moving ahead with the sale of the Portland-based franchise, the NFL's Seattle Seahawks, and the 25% stake in the MLS' Seattle Sounders, is not a part of the deal.
Read More: Taylor Swift throws shade at 'male sports fans' on Travis Kelce's New Heights podcast: 'I think we all know…'
Tom Dundon net worth details
According to Basket News, Dundon's net worth is estimated between $1.2 and $1.7 billion. The details are not available on public platforms.
Who is Tom Dundon?
Tom Dundon is an American billionaire businessman and sports franchise owner who acquired the Carolina Hurricanes of the NHL in 2018.
Born on September 5, 1971, in New York and raised in Texas, Dundon earned a bachelor's degree in economics from Southern Methodist University in 1993. His career began with founding Drive Financial Services, which evolved into Santander Consumer USA, where he served as CEO until 2015, netting $713 million in a 2017 settlement. He now chairs Dundon Capital Partners, investing in real estate, healthcare, and sports.
Dundon's sports ventures include co-founding Trinity Forest Golf Club, a $250 million investment in the defunct Alliance of American Football, and majority stakes in the PPA Tour and Major League Pickleball.
His Hurricanes ownership saw the team's value rise from $425 million to over $1.2 billion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
10 minutes ago
- Hindustan Times
D Gukesh feels ‘people are more motivated to play against' him due to World C'ship title: ‘I felt this pressure of…'
D Gukesh showcased his grit and determination on Wednesday, as he finished his Rapid section campaign in fourth position at St. Louis. In the final three rounds, he lost to Leinier Dominguez, and then beat Wesley So and leader Fabiano Caruana. D Gukesh and Magnus Carlsen during Norway Chess.(HT_PRINT) Since becoming World Champion in December last year, Gukesh has been facing constant pressure, and has also fallen victim to the likes of Magnus Carlsen. D Gukesh on his opponents Speaking after his win, Gukesh said, 'I kind of sense that people are more motivated to play against me (after he became world champion).' 'But it's none of my business, I just play my game. Maybe the first couple of tournaments, I felt this pressure of having to prove something, but then it got better. It has already been eight to nine months, and I played a few tournaments. I think I just got settled into this new state.' Now Gukesh will be in action in the Blitz section, where he didn't fare well in Zagreb. He said, 'I mean, it will be a great challenge because Zagreb didn't go well. It will be a challenge to prove myself and just try to do my best. You have to be well rested because of nine rounds of Blitz, but also some practice to get into Blitz rhythm. No rapid.' Gukesh finished the rapid section with 10 points, trailing Caruana (14), Maxime Vachier-Lagrave (11) and Levon Aronian (13). Dominguez, So, and Uzbekistan's Nodirbek Abdusattorov have nine points and share the fifth position. They are two points ahead of Vietnam's Liem Le Quang. American GM Sam Shankland is ninth with five points, and Grigoriy Oparin is last with three. This was also Gukesh's fourth win in a row vs Caruana, which will also see the American feel some pressure. Recently, Caruana had also publicly mocked Indian GMs.
Hans India
10 minutes ago
- Hans India
Hyderabad's DEC Infra gets Central government housing contract worth Rs 2,000 crore in New Delhi
Hyderabad: In a significant achievement, the Hyderabad-based DEC Infrastructure and Projects (India) Private Limited has secured a major contract for constructing modern residential facilities for the Central government employees in New Delhi. The company received a Letter of Acceptance from the Central Public Works Department (CPWD) of the Government of India after accepting the tender for carrying out works at a cost of Rs.2,000 crore. The company got the contract for the redevelopment of the general pool residential colony at Sriniwaspuri in New Delhi. Extending gratitude to the Central Public Works Department (CPWD) for awarding the contract, DEC Infrastructure Chairman and Managing Director Anirudh Gupta said the project aims to provide modern residential facilities for the Central government employees. 'It's a proud moment for us to get the contract, reflecting our hard work in ensuring excellent infrastructure facilities both in the private and government sectors,' he explained. The company would construct as many as 3,112 2BHK flats each with 1,100 sft in 16 blocks in 20.86 acres. The high-rise residential units include single basement, stilt and three-level podium parking, a multi-level car parking, a community centre and Central Government Health Scheme (CGHS) dispensary. The redevelopment works also include all development works and services on EPC (Mode-I) basis including comprehensive maintenance and operation of service for five years after completion of construction work. Commenting on the achievement, DEC Infrastructure Whole Time Director Ravinder Gupta said, 'The company's expertise was recognized with an esteemed agreement to lead the high-profile project in the national capital for the benefit of Central government employees.' The company recently bagged Rs 317.32 crore contract for taking up phase-I comprehensive conservation, retrofitting and setting up of service building in North Block in New Delhi. DEC Infrastructure and Projects (India) Private Limited is actively involved in numerous projects worth over Rs.10,000 crore across various sectors in the country. It is presently executing seven projects including Telangana Institute of Medical Sciences (TIMS) in Alwal, Government Medical College in Ramagundam, Medical College and Hospital in Mancherial, Prisons complex in Siddipet, Railway Station at Egmore near Chennai. Two more new projects taken up by the company are the High Court of Telangana and the Railway Station in New Delhi. The Delhi railway is being constructed at a cost of Rs.2,200 crore, while Central Cabinet Minister Chambers in New Delhi at a cost of Rs.295 crore and another contract awarded by NBCC India Limited for constructing a residential colony at Noida at a cost of Rs.2,500 crore.
NDTV
16 minutes ago
- NDTV
Adani International School Supports ISSO To Redefine Sporting Excellence In India
Adani International School has taken a major step to enhance the nation's sports education framework by entering into a collaboration with the International Schools Sports Organisation (ISSO). Namrata Adani, promoter of Adani International School, is now part of the advisory board of ISSO, India's only dedicated sports body for international curriculum schools affiliated with globally recognised boards such as the International Baccalaureate (IB), Cambridge, Edexcel, and the US-based National School Boards Association (NSBA). Through this collaboration, Adani International School will support ISSO — founded in 2017 — in scaling sporting infrastructure, enhancing athlete training, and promoting participation in global events. "We are at an inflection point in India's educational and sporting landscape," said Mrs. Namrata Adani of the Adani Group in a statement. "Through this collaboration, we aim to create inclusive, future-ready institutions where students are empowered to pursue excellence both in the classroom and on the sports field. It is an honour to support ISSO in establishing a structured, globally benchmarked sports culture for international schools in India." Aakanksha Thapak, director of ISSO, is optimistic that the collaboration with Adani International School will unlock greater possibilities. "We are delighted to welcome Mrs. Namrata Adani and the Adani Group as part of our shared vision for youth empowerment through sports. Over the years, ISSO has built a structured pathway for international school students to grow through competitive sport — from grassroots to national and international levels. With the leadership and forward-thinking vision of Mrs. Adani, this collaboration is set to further strengthen the ecosystem we've created. Together, we look forward to unlocking greater sporting possibilities and inspiring thousands of young athletes across international schools," she said.
