Tom Dundon net worth: Here's how much new Portland Trail Blazers owner earns. Details inside

The Carolina Hurricanes owner Tom Dundon-led group has agreed on a deal to buy the Portland Trail Blazers for a whopping $4 billion

Published on: Aug 13, 2025, 23:22:39 IST

By Yash Nitish Bajaj

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The Carolina Hurricanes owner Tom Dundon-led group has agreed on a deal to buy the Portland Trail Blazers for a whopping $4 billion, ESPN reported on Wednesday, citing sources. This comes months after Paul Allen's estate announced that it had begun the process of selling the NBA franchise. The team is yet to make an official announcement.

Tom Dundon has agreed to buy the Portland Trail Blazers (X/Tom Dundon)

A person told the Associated Press that Dundon intends to keep the Trail Blazers in Portland. Now, the NBA Board of Governors will need to ratify the final purchase agreement.

Allen, co-founder of Microsoft, died in 2018 at age 65 from complications of non-Hodgkin lymphoma. Since then, his sister, Jody Allen, has served as chair of the Trail Blazers and the NFL’s Seattle Seahawks and is a trustee of the Paul G Allen Trust.

While the Allen trust is moving ahead with the sale of the Portland-based franchise, the NFL's Seattle Seahawks, and the 25% stake in the MLS' Seattle Sounders, is not a part of the deal.

Tom Dundon net worth details

According to Basket News, Dundon's net worth is estimated between $1.2 and $1.7 billion. The details are not available on public platforms.

Who is Tom Dundon?

Tom Dundon is an American billionaire businessman and sports franchise owner who acquired the Carolina Hurricanes of the NHL in 2018.

Born on September 5, 1971, in New York and raised in Texas, Dundon earned a bachelor’s degree in economics from Southern Methodist University in 1993. His career began with founding Drive Financial Services, which evolved into Santander Consumer USA, where he served as CEO until 2015, netting $713 million in a 2017 settlement. He now chairs Dundon Capital Partners, investing in real estate, healthcare, and sports.

Dundon’s sports ventures include co-founding Trinity Forest Golf Club, a $250 million investment in the defunct Alliance of American Football, and majority stakes in the PPA Tour and Major League Pickleball.

His Hurricanes ownership saw the team’s value rise from $425 million to over $1.2 billion.

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

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