the Rockers. The team folded after the 2003 season as the league was not able to find new ownership for the team. Gund Arena Gund Arena became a cornerstone of the redevelopment of Downtown Cleveland, which was also bolstered by Jacobs Field, the Rock and Roll Hall of Fame, and the new Cleveland Browns Stadium. Under Gund's ownership the Cavs also hosted the 1997 NBA All-Star Game. The Gunds would also operate one of the founding franchises of the WNBA, the Cleveland Rockers. They would also bring hockey to Gund Arena, in a revived version of the Cleveland Barons, who were the top minor-league affiliate of the Gunds' San Jose Sharks when the International Hockey League's Cleveland Lumberjacks folded. Investments and net worth In addition to his sports franchise interests, Gund and his family have large interests in public companies such as Kellogg's (6.3%) and Align Technology (5.6%) In 2015 Forbes estimated his family's net worth at $3.5 billion. In 2014, along with his wife, Gund signed The Giving Pledge, committing to give a majority of his wealth to philanthropy. Personal life A native of Cleveland, Ohio, Gund is a member of one of the city's prominent families. His father George Gund II was president and chairman of Cleveland Trust when it was Ohio's largest bank. Gund II was famous for hiding his wealth from his family and hiding his philanthropy. His sister, Agnes, is a well known philanthropist in her own right. Gordon Gund resided with his late wife, Llura, in Princeton, New Jersey; together they had two children. Gund has also owned a large home on the north shore of Nantucket since 1978. Gordon Gund attended Harvard University, where he majored in physical sciences and sociology and played ice hockey. He served in the United States Navy, becoming department head on two destroyers. He then started a banking career, specializing in corporate finance. He gradually began going blind in the 1960s due to retinitis pigmentosa. By 1970, Gund was totally blind. In 1971, Gund co-founded the Retinitis Pigmentosa Foundation (now known as The Foundation Fighting Blindness) which supports research to find cures and treatments for retinal degenerative diseases. The blindness did not prevent him from being active in business and philanthropy. Gund is the former President of the Board of Trustees of his alma mater, Groton School in Groton, Massachusetts. He has honorary doctorates from Gothenburg University in