Tom Dundon Now Owns the Portland Trail Blazers — What's His Net Worth?

Owner of the Carolina Hurricanes, Tom Dundon, just bought the Portland Trail Blazers, a team worth billions of dollars, and now people want to know what the NHL owner's net worth is.

According to USA Today, Dundon bought the team from the estate of Paul Allen on Aug. 13, 2025. While the team is reportedly worth $3.65 billion, the purchase amount was not publicly disclosed.

Tom Dundon is a billionaire who, in addition to owning the Carolina Hurricanes and the Portland Trail Blazers, is also the co-founder of the private investment firm Dundon Capital Partners in Dallas, Texas. Dundon is also the chairman of the firm as well as the chairman and co-founder of Southpaw Capital Partners.

According to Forbes, Dundon's net worth was $1.1 billion back in 2019, and it's now estimated to be closer to $1.7 billion today.

Dundon bought the Portland Trail Blazers on Aug. 13, 2025. While the exact amount of his purchase is unknown, ESPN reports that the team was purchased for $4 billion.

Dundon was born in New York but raised in Texas. He earned an economics degree from Southern Methodist University in 1993, and in 1997, he went on to found a car financing corporation, Santander Consumer USA, with several partners. He later became the chairman and CEO of the company before founding Dundon Capital Partners in 2015.

The billionaire businessman is also reportedly into real estate, and he is the majority owner of Pacific Elm Properties in Dallas, where he currently lives with his wife, Veruschka, and their five children — Caden, Dax, Drew, Blake, and Tagan. The billionaire dad is also an investor in Pickleball Inc., as well as Topgolf Callaway Brands, per CNBC. He bought the Carolina Hurricanes back in 2017 from Peter Karmanos Jr., for a reported $420 million.

Dundon also created the Dundon Family Charitable Fund, a charity with both athletic and academic initiatives at multiple colleges and universities. The sports enthusiast isn't just into hockey and basketball, but he is also interested in Major League Baseball, according to the North Carolina Sports Network, and he's prepared to spend $2.2 billion to be involved.

"I will lead a group to put our best foot forward to get a Major League Baseball team in North Carolina," he said during a 2024 interview with David Glenn. "Now that the Hurricanes have a new lease all the way into 2044, now that we got the PNC Arena deal done, I want to try to bring another major asset to North Carolina. I know I’m biased, but I think Raleigh is the best place in the country for a new MLB team. And when I say that, I think we have the facts to back that up.”