Who is Robert Kraft and what is his net worth 2018? Robert Kraft is a businessman from America who serves as the chairman of the Kraft Group. He is also the chief executive officer (CEO) of the Kraft Group which is a holding company with assets from entertainment, sports, real estate development, and packaging. He also has sports holdings like ‘New England Revolution’ of Major League Soccer and ‘New England Patriots’ of National Football League. Kraft was the co-owner of World Team Tennis’s ‘Boston Lobsters’. In July 2017, he bought a team of ‘Overwatch League’ which is a professional eSport. He is also a philanthropist and has donated millions for various causes.
Robert Kenneth Kraft was born on June 5, 1941, in Brookline, Massachusetts. His father was Harry Kraft who was a dress manufacturer in Chinatown, Boston. Robert was raised in Brookline where he went to Edward Devotion School. He completed his graduation from Brookline High School in 1959. In school, he used to interfere in Sabbath and Hebrew studies and could not participate in sports.
He then went to Columbia University and became a member of Zeta Beta Tau Fraternity. In college, Kraft used to play lightweight football. In 1965, he earned his Masters of Business Administration degree from Harvard Business School. At 27, he became the chairman of Newton Democratic City Committee.
In 1963, Robert Kraft was married to Myra Nathalie Hiatt. The couple has four sons together named David, Joshua, Daniel, and Jonathan. In 2011, his wife died of ovarian cancer.
Robert Kraft began his career by working in Jacob Hiatt’s company called Rand-Whitney Group. He got the control of the company in 1968 and currently serves as the chairman of the company. In 1972, Kraft founded the company called ‘International Forest Products’. In 1997, International Forest Products became a top 100 US importer/exporter company. It was ranked at No. 20 in the list of ‘Journal of Commerce’ in 2013.
In 1982, he became an investor of New England Television Corp. He became the president of the corporation in 1986. In 1974, he bought WTT’s Boston Lobsters with five others. He then tried to buy the New England Patriots. In 1994, he bought the team from James Orthwein for $172 million. In 2002, he made a private stadium for the Patriots worth $350 million. Under his ownership, the Patriots have won many AFC titles and have entered the Super Bowl.
Kraft is also interested in soccer and in 1996, he formed the New England Revolution. He was interested in financing money in the Champions League 2004-05 winners. In 2008, New England Revolution won the North American SuperLiga. In 2011, he was inducted into the American Academy of Arts and Sciences. In July 2017, he became the owner of a team of the professional eSports called ‘Overwatch League’.
In 1987, Robert Kraft was awarded the John Jay Award by Columbia University. In 2004, he was bestowed with the Alexander Hamilton Medal by Columbia University. He is the recipient of the Theodore Roosevelt Award in 2006. He received the George Halas Award in 2012.
Robert Kraft Net Worth
Robert Kraft is the CEO and Chairman of the Kraft Group. He also owns New England Patriots and New England Revolution. He is also the owner of Gillette Stadium. Robert Kraft’s net worth is an estimated $6.2 billion. He owes his fortune to the success he had in his entire career.
He is still the chairman of the Rand-Whitney Group. His company International Forest Products is a leading importer/exporter in the US. Kraft is also the president of New England Television Corp. He has received numerous accolades and his entire family is associated with his business.
His son Jonathan A. Kraft serves as the President of New England Patriots and The Kraft Group. Under his ownership, the New England Patriots have won five Super Bowls. He was conferred with an honorary doctorate by Yeshiva University in 2015. His second son Daniel A. Kraft is the current president of International Forest Products. Robert Kraft has donated more than $100 million to various philanthropic causes. To honor the memory of his wife, the Patriots wore a uniform with the initial “MHK” in the 2011-12 season.