Jules B. Kroll Net Worth
Jules B. Kroll net worth: Jules B. Kroll is an American businessman who has a net worth of $1.5 billion. Jules B. Kroll earned his net worth as the founder of Kroll, Inc. Jules founded Kroll, Inc. in 1972 and quickly grew it into Wall Street's largest risk consulting and corporate investigations firm. Jules is considered by many insiders to be the inventor of modern corporate investigation. In 2004, Kroll sold his company to consulting firm Marsh & McLennan for $1.9 billion. A year after the 2008 credit crisis, Jules founded two new bond rating and credit risk advisement firms; Kroll Bond Rating Agency (KBRA) and K2 Intelligence. In the wake of failures by companies like S&P and Moody's, KBRA set out to provide investors higher standards and more accurate clarity into the true value of a debt asset. K2 Intelligence specializes in various forms of corporate investigation including asset recovery, corporate due diligence and litigation.
Jules B. Kroll was born on May 18, 1941, in Bayside Queens. He attended Cornell for his undergraduate degree then Georgetown law school. His business career started as an Assistant District Attorney in Manhattan where he was exposed to a wide range of corporate corruption. In 1972, Kroll left the DA's office to run his own corruption consultancy business, specializing mainly on printing companies. Some of his earliest clients were Marvel Comics, law firm Skadden Arps and a slew of major investment banks. By the early 80s, Kroll, Inc was the go-to firm for anyone looking to perform due diligence on a person, company or government. In 1991, Kroll and his firm were hired to by the Kuwaiti government to investigate Saddam Hussein's finances.
Jules B. Kroll has four children, one of whom is comedian Nick Kroll who has appeared on many shows like The League, Parks and Recreation, and recently began starring in his own Comedy Central series The Kroll Show. Jules' other son Jeremy runs K2 Intelligence.