| Born: | Mar 22, 1959 | Status: | Owner (Tampa Bay Lightning) |
| Hometown: | Deal, NJ, USA | Known For: | Minority owner of the Boston Red Sox |
Jeffrey Vinik (born March 22, 1959) is known for his hedge fund, Vinik Asset Management, which he started after leaving the Fidelity Mutual Fund in 1996. By 2000, the hedge fund returned it’s investors $4.2 billion and by the time he closed the fund in 2013, he and his partners distributed $9 million.
He and his wife have donated $6.25 million to Duke University’s engineering school, $10 million to create a challenge fund to endow associate and full professorships dedicated to addressing complex societal challenges and $1.5 million to build a new Jewish Community Center in South Tampa.
Lightning Under Ownership
Vinik purchased the Tampa Bay Lightning in 2010 for $170 million. Worth $470 million (2020), Vinik has been putting money into the organization and the community. He’s put $60 million into the publicly-owned AMALIE Arena and $30 million into Tampa Bay charities.
Under his ownership, the Lightning have two division titles and a Presidents’ trophy. They reached the Final in 2014-15, losing to the Blackhawks in six games.
Deeper Dive
Staff History
- Tampa Bay Lightning (Franchise Owner) 2009-current
- Tampa Bay Lightning (Chairman) 2009-current
Achievements
- 2x NHL Stanley Cup Champion (2020, 2021)