The Untold Story of Mark Chipman’s Impressive Net Worth: Revealed!
Mark Chipman is a well-known Canadian businessman and co-founder of True North Sports + Entertainment. He is the reason behind bringing NHL hockey back to Winnipeg after a 15-year gap. Many people wonder how he has accumulated such an impressive net worth. In this blog post, we will dive into the untold story of Mark Chipman’s wealth and discuss how he went from owning a small car dealership to becoming a millionaire.
Early Life and Career
Mark Chipman was born on April 3, 1961, in Quesnel, British Columbia. His family moved to Winnipeg when he was just five years old, and since then, he has called Winnipeg his home. After completing his graduation from the University of North Dakota, he returned to Winnipeg to work in his father’s car dealership.
Starting True North Sports + Entertainment
Mark Chipman’s real fortune came after he co-founded True North Sports + Entertainment in 1993. The company’s primary focus was to bring an NHL team back to Winnipeg, which they did successfully in 2011 when the Atlanta Thrashers were relocated to the city. Chipman has expressed that bringing the NHL back to Winnipeg was a dream come true.
Jets Owner and Chairman
Mark Chipman is the owner and chairman of the Winnipeg Jets hockey team, which is a part of True North Sports + Entertainment. The Jets have been a tremendous success in the NHL, and their fans are some of the loudest in the league. Chipman’s involvement with the Jets has undoubtedly contributed to his significant net worth.
Real Estate and Property Development
Mark Chipman has also been involved in a series of property development projects, specifically in downtown Winnipeg. In 2014, his company opened the MTS Iceplex, a state-of-the-art training and practice facility for the Winnipeg Jets. The facility cost over $20 million and is one of the best facilities for any NHL team.
Private Investments
Mark Chipman has made numerous private investments over the years. In 2018, he became a minority shareholder in the Winnipeg-based tech start-up, Permission Click. The company was later acquired by global education technology company, Instructure. It is believed that Chipman’s financial involvement assisted Permission Click in gaining higher growth in the education industry.
Community Involvement
Mark Chipman is a well-known philanthropist in Winnipeg. He has supported many local charities and organizations, including the Winnipeg Jets Foundation and Siloam Mission, a shelter for people who are homeless or in poverty. Furthermore, In 2014, he donated $500,000 to United Way of Winnipeg.
Net Worth
Mark Chipman’s net worth is estimated to be around $500 million. The majority of his wealth comes from his involvement with True North Sports + Entertainment and their various projects, including the Winnipeg Jets, property development, and real estate ventures.
Conclusion
In conclusion, Mark Chipman has had an incredible journey from working at his father’s car dealership to becoming a successful businessman and millionaire. His involvement with True North Sports + Entertainment, specifically the Winnipeg Jets, has been a significant contributing factor to his success. His endless commitment to building the community has earned him the reputation of one of Canada’s most prominent philanthropists.
FAQs
Q1. What is Mark Chipman’s net worth?
A1. Mark Chipman’s net worth is around $500 million.
Q2. What is True North Sports + Entertainment?
A2. True North Sports + Entertainment is a private company that owns and operates a variety of sports and entertainment ventures in Winnipeg, including the Winnipeg Jets.
Q3. What philanthropic causes does Mark Chipman support?
A3. Mark Chipman supports numerous local charities and organizations focused on education, homelessness, poverty, and sports.
Q4. How did Mark Chipman bring NHL hockey back to Winnipeg?
A4. Mark Chipman co-founded True North Sports + Entertainment with the goal of bringing NHL hockey back to Winnipeg, which they accomplished in 2011 when the Atlanta Thrashers relocated to the city.
Q5. What is the MTS Iceplex?
A5. The MTS Iceplex is a state-of-the-art training and practice facility in downtown Winnipeg, built by Mark Chipman’s company, True North Sports + Entertainment.