Gordon Gund is CEO of Gund Investment Corporation.
He is the former owner of the San Jose Sharks NHL team and Cleveland Cavaliers NBA team. He is still a minority owner of the Cavaliers.
Gordon Gund
Gordon Gund's House
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By jdubble07 @ 2017-02-17 14:12:17
Gund and his siblings trace their wealth to their father, George Gund II, who bought the U.S. patent for decaffeinated coffee after it was stripped from its German owner during World War I. He commercialized the process before selling the Kaffee Hag brand to Kellogg Co. in the late 1920s for $10 million, mostly in stock. Today, the Gund family remains one of the cereal maker's biggest shareholders with a 7.5% stake, worth about $1.6 billion.
Gund's office in Princeton, N.J, is crammed with career mementos, including a signed jersey of LeBron James, the star of Gund's hometown Cavaliers, which increased in value 20-fold during his two decades as an owner.
His net worth is $2.3B as of 2019.
He lives in Princeton, NJ.