Robert Kenneth Kraft is a billionaire businessman of the United States of America. He is the chief executive officer and chairman of the Kraft Group, which is a different holding company with does business in paper and packaging, sports and entertainment, real estate development and a private equity portfolio.
He is the proprietor of the National Football League’s New England Patriots, Major League Soccer’s New England Revolution, and Gillette Stadium, where teams play. He also possesses the Boston Uprising, the first esports team in New England.
Robert Kraft Net worth:
Robert Kraft is a Massachusetts-born businessman who holds a net worth of $6.2 billion dollars. Robert Kraft made his future as Chairman and CEO of The Kraft Group, which holds possession in everything from paper to real estate. He is most well known as the primary holder of the New England Patriots, the New England Revolution, and Gillette Stadium.
Robert Kraft Net worth
Robert Kenneth Kraft was born in Brookline, Massachusetts on June 5, 1941, and he is 78 years old.
Robert Kraft Wife:
In June 1963, Kraft married Myra Nathalie Hiatt, who was a graduate of Brandeis University 1964. She was the daughter of Jacob Hiatt who was the Worcester, Massachusetts, businessman, and philanthropist. Her life ended due to ovarian cancer at the age of 68, on July 20, 2011.
How Does Robert Kraft Make Money?
In 1994, Robert Kraft purchased the New England Patriots from a person who liked to shift the team to St. Louis and name them as the Stallions.
Kraft said when he took possession of the team “My objective in buying the Patriots is to help bring a championship to New England”. Kraft spent $172 million, more than a league previous record, for an average team that got a victory in seven seasons and had never achieved a Super Bowl.
ince Kraft got the ownership of the team, the Patriots have succeeded in the Super Bowl six times under the guidance of quarterback Tom Brady and head coach Bill Belichick. This trio is considered as the most winning combination in the record of professional sports.
Kraft has become a titan of pro sports, assisting to make the NFL into the most profitable league In the country. He is a close friend of President Donald Trump.
And the Patriots presently are worth $3.7 billion, the sixth most profitable pro franchise in the world, according to the Forbes, Kraft worth of $6.6 billion made ranked of 79th richest person in America.
Lgel who is an associate professor at NYU’s Tisch Institute for Global Sport said Kraft transformed the Patriots into a business powerhouse.
“He brought a particular culture to the business and the franchise and it leveled up what other owners did,” Igel said. “He really changed the way the NFL and its owners viewed the franchises and then that view extended out into other sports.”
Paper Magnate:
In 1965, After completing his graduation from Harvard Business School, Kraft started his profession with the Rand-Whitney Group, which was a paper and packaging company of his father-in-law.
In 1968, Kraft earned a controlling stake in the company via a leveraged buyout. Four years later, he set up International Forest Products, which does marketing forest product commodities, such as containerboard and pulp, all over the world.
Kraft expanded his paper and packaging coalition to serve as one of the biggest exporters in North America
later initiated the Kraft Group, which is a holding company for his businesses in sports and entertainment, paper and packaging manufacturing and distribution, real estate development, and private equity. The privately-held Kraft Group holds ownership of Gillette Stadium, home of the Patriots, and the New England Revolution, a Major League Soccer club. Gillette Stadium opened in 2002.
The Patriots had earned achievement under Kraft. In 1996, just two years after he purchased the team, it made through the Super Bowl under head coach Bill Parcells. Kraft declared openly plans to take the Patriots to Hartford, Connecticut, in 1998, but the contract declined.
In 2000, the Patriots employed Belichick as head coach. Then Patriots gained a victory in their first Super Bowl in 2002, winning against the St. Louis Rams under Brady, which was the big achievement.
