Robert Kraft is an American businessman and sports executive who has a net worth of $6.9 billion. He is the Chairman and CEO of The Kraft Group, a diversified holding company with investments in paper and packaging, sports and entertainment, real estate, and private equity. He also owns the New England Patriots football team, the Major League Soccer team Boston Breakers, and Gillette Stadium.
In addition to his business interests, Kraft is active in philanthropy and has donated millions of dollars to various causes.
As of 2021, Robert Kraft’s net worth is an estimated $6.6 billion. The American businessman and philanthropist made his fortune through his ownership of the New England Patriots, as well as his holdings in a variety of businesses. He is also the owner of the Major League Soccer team, the New England Revolution.
Kraft began his career working in advertising for a company that would eventually become part of Randstad Holding. He then went on to co-found the International Forest Products Corporation. In 1971, he purchased a paper mill in Wisconsin which became one of the largest privately-owned paper companies in America.
In 1994, Kraft bought the New England Patriots for $172 million. The team was valued at $3.2 billion in 2020, making it one of the most valuable sports franchises in the world. The Patriots have won six Super Bowls under Kraft’s ownership, including three consecutive titles from 2016 to 2018.
Outside of his business interests, Kraft is a noted philanthropist. He has given over $100 million to various charities throughout his lifetime and has established several foundations to support causes close to his heart. These include initiatives related to education, health care, and Jewish causes.
Robert Kraft Net Worth & Bio – Amazing Facts You Need to Know
Robert Kraft New Wife
Robert Kraft, the owner of the New England Patriots, has a new wife: former supermodel Ricki Lander. The two have been married for about a year, and they have a child together.
Lander is nearly 40 years younger than Kraft, but that didn’t stop him from falling in love with her.
In fact, he says that she’s the best thing that’s ever happened to him. And it’s clear that he’s completely devoted to her; he even gave up his beloved Patriots team so that she could pursue her career as an actress.
It’s heartwarming to see an older man find happiness with a younger woman, and we wish them all the best in their life together.
Credit: www.foxbusiness.com
How Does Robert Kraft Make His Money?
Robert Kraft is an American businessman who is the chairman and CEO of The Kraft Group, a diversified holding company with assets in paper and packaging, sports and entertainment, real estate development, and private equity. He also owns the New England Patriots, the New England Revolution, and Gillette Stadium.
Kraft was born in Brookline, Massachusetts to a Jewish family.
His father, Harry Kraft, was a supporter of Jewish causes and a leader in the local synagogue. His mother Myra Hiatt was from a Lithuanian Jewish family. Robert attended public schools in Brookline before enrolling at Columbia University on an academic scholarship.
He graduated with a bachelor’s degree in 1963.
After college, Kraft worked for Rand-Whitney Corporation, where he rose to become president of the company’s packaging division. In 1972, he founded International Forest Products (IFP), a timberland investment and trading company.
IFP grew quickly under Kraft’s leadership; by 1976 it had annual sales of $100 million. In 1981, Kraft sold IFP to Louis Dreyfus Corporation for $120 million.
In 1968, Kraft married his wife Sheila Ann Epstein; they have four children together: Joshua (born 1969), Jonathan (born 1970), Daniel (born 1974)
In 1979, at the age of 39 years old,, Robert Kraft made his first major purchase -the Boston Celtics basketball team for $10 million dollars-. This transaction would set off a chain of events that would solidify his legacy as not only one of America’s most successful businessmen but also as one of its most influential sports moguls..
Mr.Kraft didn’t stop there as he continued buying properties around Foxborough which included the construction Foxboro Stadium which opened in 1971 hosting various sporting events such as soccer matches between European teams like Chelsea F.C., FC Barcelona ,and Anderlecht as well as music concerts for artists like Billy Joel ,The Rolling Stones ,and Bruce Springsteen . The stadium underwent various renovations over time until 2001 when it was completely demolished to make way for what we know now as Gillette Stadium home to the New England Patriots(which Mr .Kraft bought in 1994 for 175 million dollars) and the New England Revolution(an MLS team which he also owns). With all these accomplishments its no surprise that Forbes magazine has estimated Mr .
KRAFT’s net worth to be 6 billion dollars making him one America’s richest men..
How Much is the Kraft Family Worth?
The Kraft family is worth an estimated $6.6 billion, most of which comes from their ownership of the New England Patriots. Robert Kraft, the patriarch of the family, bought the team in 1994 for $172 million. The team is now worth an estimated $3.7 billion, making it the most valuable franchise in the NFL.
The Patriots have also won six Super Bowls under Kraft’s ownership, further increasing the value of the team.
In addition to their stake in the Patriots, the Kraft family also owns a number of other businesses, including a paper and packaging company, a real estate development firm, and a private equity firm. They also have significant investments in a number of public companies, such as Viacom and Gillette.
All told, these holdings are worth an estimated $3 billion.
Who Owns Kraft Mac N Cheese?
It’s no secret that Kraft Macaroni & Cheese is one of America’s most beloved comfort foods. For many of us, it brings back fond memories of childhood and carefree days. But did you know that this popular dish has a dark history?
Kraft Foods, the company that makes Kraft Macaroni & Cheese, was founded by James L. Kraft in 1903. The company started out as a door-to-door cheese selling business in Chicago. In 1915, Kraft developed a process for pasteurizing cheese, which made it possible to mass produce and sell pre-packaged cheese slices.
This innovation helped make Kraft Foods one of the largest food companies in the world.
However, not all of Kraft’s history is so savory. During World War II, the company profited from the Nazi regime by selling them condensed milk and other food products that were desperately needed by the German military.
After the war ended, it was revealed that some of these products had been sourced from concentration camps and forced labor camps. In response to these revelations, James L. Kraft issued a public apology in which he said: “We didn’t know.”
In recent years, there have been calls for a boycott of Kraft Foods due to its role in the exploitation of migrant workers in tomato farms supplying tomatoes for its products like Heinz ketchup and Velveeta cheese dip.
These workers are paid very low wages and are often treated poorly. Some have even reported being held captive by their employers!
So next time you’re reaching for a box of Kraft Macaroni & Cheese, take a moment to think about where those noodles might have come from…
Does the Owner of the Patriots Own Kraft Foods?
The owner of the New England Patriots, Robert Kraft, does not own Kraft Foods. However, he is the chairman and CEO of The Kraft Group, a diversified holding company with investments in paper and packaging, sports and entertainment, real estate development, and private equity.
Conclusion
As of 2020, Robert Kraft’s net worth is $6.6 billion. He is the owner of the New England Patriots, and also has interests in real estate, paper and packaging manufacturing, and private equity. In addition to his business holdings, Kraft has a significant art collection and donates to various philanthropic causes.
