Robert Kraft Net Worth – How Robert Become a Billionaire?

Robert Kraft is the owner of the New England Patriots football team, which he bought in 1994. Through the Kraft Group, which is based in Foxboro, Massachusetts, he also owns Gillette Stadium, the nearby Patriot Place mall, the Revolution soccer team, paper companies Rand-Whitney, International Forest Products, and half of New-Indy paper.

According to Celebrity Net Worth, Robert Kraft’s estimated net worth is $ 7 Billion. In this article, we are going to read about Robert kraft’s personal life, early life, net worth, career and many more tings. Let’s start reading.

Who is Robert Kraft?

Robert Kraft is the Chairman and Chief Executive Officer of the Kraft Group and an American business magnate. He invests in a variety of industries, including real estate, sports, and entertainment. In addition, they purchased the New England Patriots, an NFL football franchise. They also owned the Major League Soccer team New England Revolution.

Full Name Robert Kenneth Kraft
Mother  Sarah Bryna
Father Harry Kraft
Date of Birth June 5, 1941 
Kids Four Sons
Profession Investor 
Net Worth $ 7 billion

Early Life of Robert Kraft

Robert Kraft was born on June 5, 1941, in Brookline, Massachusetts, to Sarah & Harry Kraft. He grew up in a Modern Orthodox Jewish working-class family when he was young.

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He graduated from Brookline High School in 1959, where he was the president of the senior class. When he went to Columbia University, he was also chosen as the class president.

Robert Kraft Net Worth

He was a member of the Zeta Beta Tau fraternity & played on the school’s freshman & lightweight football teams. In 1963, he got his degree from Columbia. He then went to Harvard & got his MBA in 1965. His education in his early years was the main thing that led to the huge amount of money Robert Kraft has now. After he graduated from Harvard, he was chosen to be the head of the Newton Democratic City Committee. Then, in 1970, he was considered for the 3rd congressional district seat in Massachusetts.

Robert Kraft’s Career

Robert Kraft’s net worth is significant, but it began with paper money. The businessman’s first position was with Jacob Hiatt’s Randy-Whitney Group. Robert Kraft took over the company in 1968 through a “leveraged buyout.” He’s still Rand-leader. Whitney’s In 1972, he founded International Forest Products, a paper company.

They were the largest privately owned companies in that industry at the time. Other investments boost Robert Kraft’s wealth. He invested in NETV & bought WNAC-TV in 1982. He joined the board the next year & became president 4 years later. In 1991, he sold his shares for $25 million & bought Boston radio stations.

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Kraft Group now sells $2 billion in paper from 90 countries. Since 1971, he’s had Patriots season tickets. He bought land near the old stadium in 1985. This was the first phase in creating the Patriots’ stadium. He owned the team later.

How Rich is Robert Kraft?

Robert Kraft has a huge amount of money, & as of today, he is worth a staggering $7 billion, as per data of celebrity net worth. Robert Kraft’s net worth comes from more than just his businesses and investments.

Robert Kraft Net Worth

It also comes from the real estate he has bought and sold. In 2010, he gave his son $3.8 million in exchange for his Cape Cod home. So, his money stays in the family because he makes smart investments.

Personal Life of Robert Kraft

Robert Kraft met Myra Hiatt in a Boston deli in February 1962. They got married in June 1963. The couple had 4 sons: Jonathan, Daniel, Joshua, and David. The Krafts belonged to the Temple Emanual in Newton, Massachusetts. On July 20, 2011, Myra Kraft passed away from ovarian cancer. The woman was 68 years old.

Robert Kraft Net Worth

In June 2012, Kraft started dating Ricki Noel Lander, an actress who is 39 years his junior. 2017’s fall saw Lander give birth to a child. When the child’s birth was verified in May 2018, Kraft disputed paternity despite speculations that he was the father. In 2018, Kraft & Lander called it quits.

Achievements of Robert Kraft

Robert receives numerous accolades from colleges & institutions for his achievements. The Theodore Roosevelt Award, “offered annually to a distinguished citizen of national acclaim & great accomplishments,” is the NCAA’s top honour, & it was given to him in 2006.

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He received the Alexander Hamilton Medal & John Jay Award from Columbia University in 1987. Winner of the George Halas Award in 2012, the Carnegie Hall Madel of Excellence Award in 2013 & the Genesis Prize in 2019 .

Robert Kraft Controversies

The Jupiter, Florida police chief charged Kraft with a misdemeanour on February 22, 2019, alleging that he solicited a person to engage in prostitution. The Orchids of Asia Day Spa was the subject of a human trafficking investigation that resulted in the charges. Authorities thought spa proprietors were sex traffickers who forced staff members into having sex with paying clients. The Orchids of Asia Day Spa is where Kraft allegedly engaged in sexual activity that was caught on camera.

Robert Kraft Net Worth

On March 19, 2019, Kraft was offered a plea deal; however, he chose not to accept it because doing so would have implied guilt. Kraft’s defence team filed paperwork on March 26 pledging him not guilty on all counts and requesting a jury trial. In August 2020, a Florida judge ruled that the seizure of the allegedly pornographic spa videos had violated Kraft’s constitutional rights. The prosecution is not allowed to use the films as evidence, according to the judge. On September 24, 2020, Kraft’s lawsuit was dropped for a lack of evidence.

Frequently Asked Questions

What is Robert Kraft’s Source of Income?

He has owned the National Football League’s New England Patriots since 1994. (NFL). Additionally, Kraft launched the esports-based Boston Uprising in 2017 and the Major League Soccer (MLS) New England Revolution in 1996. His net worth was $10.6 billion as of 2022.

Do the Krafts Possess Gillette?

He also owns the Gillette Stadium, the nearby Patriot Place mall, the Revolution soccer team, the paper businesses Rand-Whitney and International Forest Products, and half of New-Indy paper through his Foxboro, Massachusetts-based Kraft Group.

Who Owned Kraft Paper?

The founder, chairman, and CEO of the Boston, Massachusetts-based Kraft Group of enterprises is Robert Kraft. The Kraft Group is a private holding corporation made up of businesses in the sports and entertainment, paper and packaging, and private equity investment sectors.

Conclusion

Robert Kraft is the Chairman and Chief Executive Officer of the Kraft Group. He invests in a variety of industries, including real estate, sports, and entertainment. According to Celebrity Net Worth, Robert Kraft’s estimated net worth is $7 billion. The Orchids of Asia Day Spa was the subject of a human trafficking investigation. Authorities thought spa proprietors were sex traffickers who forced staff members into having sex with paying clients. Kraft’s lawsuit against the Florida authorities was dropped for lack of evidence on September 24, 2020.

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