JACKSONVILLE, Fla. — The NFL fined Carolina Panthers owner David Tepper $300,000 for “unacceptable conduct” after he threw a drink at fans during Sunday’s Jag’s game, a game the Jags won 26-0.
But, what does $300,000 really mean to a billionaire, NFL team owner and hedge fund founder like Tepper?
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According to Forbes, Tepper’s net worth is estimated at $20.6 billion, making him the world’s 91st wealthiest person.
The fine may seem substantial to most people, but for Tepper, $300,000 represents only 0.00145% of his overall wealth.
According to the Federal Reserve’s most recent data, the median net worth for the American households rose $192,000 by 2022.
Percentage-wise, Tepper’s fine would amount to $2.81 for to the median American household, which is the midpoint of all U.S. households. This means that for someone with Tepper’s net worth, the fine was like paying only $2.81 for the average American.
Read: Carolina Panthers owner David Tepper fined $300K after throwing drink at fan during loss to Jaguars
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