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Zygi Wilf (born April 22, 1950) is the principal owner of the Minnesota Vikings of the NFL. In 2005, Wilf and 5 others bought the Vikings for about $600 million. Wilf's reported net worth is $1.3 billion.


Early life Edit

Zygi Wilf was born in Germany on April 22, 1950. His parents, Joseph and Elizabeth Wilf, are both Holocaust survivors from Poland.[1] The Wilf family immigrated to the United States from Europe in the early 1950s and settled in Hillside, New Jersey. After a brief stint as used car salesmen, Joseph and his brother Harry Wilf began purchasing apartment buildings and renting units. Eventually, the brothers began building single-family homes and founded Garden Homes.[2] A successful real estate developer, his two main family-run businesses, Garden Homes and Garden Commercial Properties, have constructed some 25,000 homes in 39 states across the country since 1955; the two entities and their affiliates own and manage 25,000,000 square feet (Expression error: Unexpected < operator. m2) in retail and business property.[3]

EducationEdit

Zygi Wilf attended Fairleigh Dickinson University, earning a bachelor's degree in economics in 1971, and later graduated from New York Law School in Manhattan.

CareerEdit

After working as an attorney, Wilf joined the family business and became head of one of the company's affiliates, Garden Commercial Properties[4]. Wilf has grown the company from four shopping centers in Northern New Jersey to over a hundred properties, including several large malls. In addition to the commercial properties, the Garden companies also own and manage 30,000 apartment units around the country.

Minnesota VikingsEdit

Wilf and five partners purchased the Minnesota Vikings of the National Football League from Red McCombs in 2005 for a reported US$600 million.[5] Forbes estimates the 2009 value of the franchise at US$835 million, or 31st of the 32 NFL teams.[6] The team generates about US$200 million in revenue each year.[6]

For several years the Vikings and Wilf have stated that their current home, the Hubert H. Humphrey Metrodome is inadequate and have lobbied for a new stadium.[7] [8] After the Vikings most recent plan was rejected by a Minnesota State House Committee, the NFL said that the Vikings might leave Minnesota.[9]

New York City Condo PurchaseEdit

In the fall of 2011, Wilf purchased a $19 million condo at 778 Park Avenue, in New York City. The building has been home to such luminaries as the late philanthropist Brooke Astor, fashion designer Vera Wang and the late conservative writer William F. Buckley. It is two blocks from Central Park and less than a mile from the Metropolitan Museum of Art. The previous owners of the Wilfs' unit were identified by the newspaper as victims of Bernie Madoff's Ponzi scheme.[10]


Net worthEdit

Celebrity Profile puts Zygi Wilf's Net Worth at $1.3 billion dollars.[11]

ReferencesEdit

  1. Williams, Brandt. "NFL owners approve Vikings sale to Wilf", Minnesota Public Radio, 2005-05-25. Retrieved on 2007-02-19. 
  2. Garden Homes
  3. G.R. Anderson, Jr., Eye of the Beholder, City Pages, January 3, 2007.
  4. Garden Commercial Properties
  5. Borzi, Pat. "Vikings' Owner Makes a Name for Himself", The New York Times, August 19, 2005. Retrieved on 2009-12-23. 
  6. 6.0 6.1 New Vikings stadium proposal: $870M, no pay plan. Retrieved on 2010-10-06.
  7. City Pages - March 1,2012 -Vikings, Rybak, Dayton, pro-Vikes legislators finally unveil stadium plan
  8. Tom Goldstein "Vikings Stadium Proposal Isn't For The People", City Pages, March 14, 2012
  9. Star Tribune - April 17, 2012 - NFL warning of sale, move adds pressure for stadium deal
  10. Star Tribune - Nov.30,2011 -Wilf buys $19 million New York City co-op
  11. Zygi Wilf Net Worth
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