Robert Kraft Net Worth
Robert Kraft net worth: Robert Kraft is a Massachusetts-born businessman who has a net worth of $4 billion dollars. Robert Kraft made his fortune as Chairman and CEO of The Kraft Group, which holds assets in everything from paper to real estate. He is most widely known as the primary holder of the New England Patriots, the New England Revolution, and Gillette Stadium. Born Robert K. Kraft on June 5, 1941, in Brookline, Massachusetts, US, he 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 a private equity portfolio. The Columbia University and Harvard Business School graduate started his career at the Rand-Whitney Group, a Worcester-based packaging company owned by his father-in-law Jacob Hiatt. In 1972, he set up International Forest Products, a trader of physical paper commodities. Rand-Whitney Group and International Forest Products make up together the largest privately held paper and packaging companies in the United States. 1986 saw Kraft assisting a minority business group acquire WNEV-TV, a CBS affiliate. He went on with his investments in the world of entertainment by buying several Boston radio stations. Thus, he became a member of a private equity group that funded film, theater, and television producer Scott Sanders' company, "Scott Sanders Productions". Eventually, he formed his Kraft Group paper business in 1998, which operates in 90 countries and has sales over $2 billion. Meanwhile, he bought New England Patriots for $172 million in 1995, a football club which is now worth more than $2.6 billion. His other sports holdings include the Major League Soccer's New England Revolution and Gillette Stadium.