American sports administrator and businessman Robert Kenneth Kraft was born on June 5, 1941. The Kraft Group, a holding firm with interests in paper and packaging, real estate development, sports and entertainment, and private equity, is diverse, and he serves as both chairman and chief executive officer (CEO).
The New England Patriots of the National Football League (NFL) have been under his ownership since 1994. In addition to the Boston Uprising, an esports organization he established in 2017, Kraft is the co-owner of the New England Revolution, an MLS team he started in 1996. Forbes estimates that his net worth is $11.1 billion.
Robert Kraft Net Worth
Robert Kraft is an entrepreneur with a fortune of $11 billion; he was born in Massachusetts. The common belief is that Robert Kraft became wealthy through his family’s supermarket manufacturing business, Kraft Foods. This is completely false.
Kraft Foods—The Makers of Grey Poupon, A1, Gevalia, Planters, Jell-O, Kraft Singles, Velveeta, Kool-Aid, Cadburys, Oscar Mayer, and Maxwell House—has zero ties to Robert Kraft whatsoever.
Robert Kraft amassed his wealth through his role as chairman and chief executive officer of The Kraft Group, an investment vehicle that includes paper and real estate. He is primarily recognized as the principal owner of Gillette Stadium, the New England Patriots, and the New England Revolution.
Robert Kraft Early Life
Sarah and Harry Kraft welcomed their son, Robert K., into the world in Brookline, Massachusetts on June 5, 1941. His working-class Jewish family was Modern Orthodox. He was the senior class president at Brookline High School when he graduated in 1959.
Kraft was re-elected class president at Columbia University. He participated in football for both the freshmen and lightweight teams while also being a part of the Zeta Beta Tau fraternity. Kraft earned his BA from Columbia in 1963 and his MBA from Harvard in 1965.
Kraft was chosen chairman of the Newton Democratic City Committee when he was 27 years old, not long after graduating from Harvard. After giving it some thought in 1970, he decided against running for the 3rd congressional district seat in Massachusetts due to the stress it would cause him and his family and the lack of privacy it would provide.
Robert Kraft Real Estate
Jonathan Kraft paid $3.8 million to buy the 7,500 square foot Cape Cod house that Kraft and his wife Myra had sold in 2010. There are seven bedrooms and six bathrooms in this 2006-built house.
Robert is the proud owner of a vast estate spanning over six acres in the Boston suburb of Chestnut Hill. In formal terms, the estate consists of three separate pieces of land.
Robert purchased a Hamptons seaside property in May 2021 for $43 million. Located on Southampton’s ultra-exclusive Meadow Lane, the 7,000 square foot estate was constructed in 2017. A number of well-known billionaires live in the area.
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