How did Jeff Vinik make his money?

How did Jeff Vinik make his money?

In the early and mid-’90s, he managed the Fidelity Magellan Fund, then the world’s largest mutual fund with more than $56 billion in assets in 4.4 million accounts. He stepped down in 1996 and later started his own hedge fund, Vinik Asset Management, to serve select institutional and private clients.

Who own the Tampa Bay Lightning?

Jeff Vinik
Jeff Vinik purchased the Tampa Bay Lightning on March 3, 2010, promising a comprehensive transformation of the franchise while pledging to make a significant positive impact in the Tampa Bay community, and he has delivered.

Where did Jeff Vinik son get married?

Vinik’s oldest son, Danny, is getting married in Newport, R.I., on July 10, which is the day after Game 6 is scheduled to be played in Montreal. Because the pandemic delayed last season’s playoffs, the 2021 season was condensed and the playoffs began a month later than normal.

When did Vinik buy the Lightning?

Lightning owner Jeff Vinik has a big decision to make. It’s not quite to the level of making his two most important hires, bringing in CEO Tod Leiweke and GM Steve Yzerman after buying the team in 2010.

How much did Jeff Vinik pay for the Tampa Bay Lightning?

Vinik and his partners closed down the fund in December 2013, and distributed $9 billion in assets. In 2010, he purchased the Tampa Bay Lightning from Oren Koules and Len Barrie for $170 million.

Does Jeff Vinik own Amalie?

TAMPA — Almost 10 years to the week after he bought the Tampa Bay Lightning, Jeff Vinik is expanding his business that manages the team’s operations, events at Amalie Arena and more. The company that’s been known as Tampa Bay Sports and Entertainment is changing its name to Vinik Sports Group.

What is Jon Cooper’s salary?

With this multi-year extension, it guarantees that Cooper will become the Lightning’s longest tenured coach as he will pass Tortorella sometime next season. According to, it is believed that Cooper’s previous contract paid him $2.25 million per season.

Did the yakuza own the Tampa Bay Lightning?

By most accounts, the Lightning’s plunge to the bottom of the NHL was due to inattentive ownership by Kokusai Green. Rumors abounded as early as the team’s second season that the Lightning were on the brink of bankruptcy and that the team was part of a money laundering scheme for the yakuza (Japanese crime families).

What is Tampa Bay Lightning worth?

This graph depicts the value of the Tampa Bay Lightning franchise of the National Hockey League from 2006 to 2020. In 2020, the franchise had an estimated value of 470 million U.S. dollars.

How much money does Jeff Vinik have?

Vinik’s net worth was estimated to be about $500 million several years ago, but his wealth may have increased significantly. Much of this wealth is tied up in various corporations and partnerships, which can make it difficult to trace.

What religion is Jeff Vinik?

Vinik was born to a Jewish family in Deal, New Jersey. He graduated Phi Beta Kappa from Duke University in 1981 with a bachelor of science in civil engineering.

Are Jeff and Penny Vinik still married?

TAMPA — Tampa Bay power couple Jeff and Penny Vinik have officially reconciled their marriage, ending divorce proceedings on Tuesday in Hillsborough County Circuit Court.

Who are the owners of the Tampa Bay Lightning?

Jeffrey Vinik. Jump to navigation Jump to search. Jeffrey N. Vinik (born March 22, 1959) is the current owner of the Tampa Bay Lightning (NHL) and a minority owner of the Boston Red Sox (MLB).

What did Jeff Vinik do for the Lightning?

Sports Business Journal profiled Vinik in ’15 following the Lightning’s most-recent previous appearance in the Stanley Cup Final. In 1998, Vinik and his wife, Penny, donated $1.25 million to endow a professorship at Duke’s engineering school. The next year, they donated $5 million towards facilities at the engineering school.

When did Penny Vinik file for divorce from Jeff Vinik?

The case was withdrawn by Penny Vinik, who in June filed a petition to dissolve her marriage to 61-year-old Jeff Vinik, the Tampa Bay Lightning owner and Water Street Tampa project developer. The proceedings were postponed twice, most recently with a two-month abatement granted on Sept. 15, while working to reconcile their marriage.

What did Penny Vinik do in Tampa Bay?

Penny Vinik also serves as vice chairwoman on the museum’s governing board of trustees. • $2.5 million to renovate and expand a Boys and Girls Club recreation center in the Palm River area. It was the largest single gift in the 90-year history of the Boys and Girls Clubs of Tampa Bay.