A popular business mogul who has not only made a fortune for himself but has also earned popularity and fame over the years. Overall Robert Kraft’s net worth is as big as his career. He is a businessman who has made a fortune by being the chairman and CEO of The Kraft Group. This business group holds assets in everything, starting from paper to real estate.
In addition to The Kraft Group, he is also the primary holder of the New England Patriots, the New England Revolution, and also the Gillette Stadium. Though there has been a popular misconception that a huge chunk of Robert Kraft’s net worth comes from grocery manufacturing Kraft Foods, as a matter of fact, Robert Kraft has absolutely no connection with Kraft Foods. Must check Emma Watson Net Worth
Robert Kraft’s net worth has developed into a massive figure due to his business empire. So, we will be finding out all about his life in this article.
Robert Kraft’s Net Worth And More
Robert Kraft’s net worth is huge and as of today, the total Robert Kraft net worth stands at a staggering $7 billion. Apart from his businesses and ventures, Robert Kraft’s net worth also comes from the real estate investments he has done. He traded his Cape Cod home to his son for $3.8 million in 2010. So, his wealth is preserved through his smart investments.
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Robert Kraft Early life
Born on June 5, 1941, in Brookline, Massachusetts, Robert Kraft was born to parents Sarah and Harry Kraft. His early years were growing up in a Modern Orthodox Jewish working-class family. He did his graduation in the year 1959 from Brookline High School and there he acted as the senior class president. When he went on to Columbia University, where he was also chosen as the class president.
In school, he played on the school’s freshman and lightweight football teams and was a member of the Zeta Beta Tau fraternity. In 1963, he graduated from Columbia and later enrolled at Harvard where he did his MBA in 1965. His education in his early life was the major stepping stone in the huge Robert Kraft net worth we see today. After graduating from Harvard, he was selected as the chairman of the Newton Democratic City Committee before being considered to run for Massachusetts’s 3rd congressional district seat in 170.
Robert Kraft Career
Robert Kraft’s net worth may be currently standing in considerable figures but it all started with his interest in paper wealth. The businessman had his first professional experience with the Randy-Whitney Group, which was a packaging company run by the father-in-law Jacob Hiatt. It was in 1968 that Robert Kraft spearheaded a leveraged buyout and took control of the company. To this day, he serves as the chairman of Rand-Whitney Group. From there on, he went on to found International Forest products who were traders of physical paper commodities in 1972.
In the U.S. at that time, they were the largest privately held companies in that industry. The massive Robert Kraft’s net worth also comes from his other investments. He invested in New England Television Corp and took control of WNAC-TV in 1982. The next year, he became a member of the board of directors and four years later he was named the president of the corporation. In 1991, he sold his shares for $25 million and later acquired several Boston radio stations. Eventually, the Kraft Group paper business was formed and currently has sales of over $2 billion from 90 countries.
In addition to this, Robert Kraft’s net worth also comes from his other interests. He has been a fan of the Patriots since the very beginning and is a seasonal ticket holder since 1971. In 1985, he bought a parcel of land beside the old stadium which eventually became the first step to making the New England Patriots stadium. Going forward, he even purchased the entire team.
Robert Kraft’s Personal Life
Robert Kraft’s net worth stands tall today and in 1962, he met Myra Hiatt with whom he got married in June 1963. They have four sons together but Myra Kraft died at the age of 68, she died of ovarian cancer at age of 68. In June 2012, he started dating Ricki Noel lander, the actress who is 39 years younger than him. There are speculations that they have a child together in 2018 but Robert Kraft denied it and broke the relationship. Recently, on 14th October 2022, Kraft married Dr. Dana Blumberg in New York City’s lower Manhattan. It was a surprise wedding and they married after six years of dating.
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