| Name | Robert Kenneth Kraft |
| Net Worth | $11.1 billion |
| Age | 82 years (born June 5, 1941) |
| Residence | Boston, Massachusetts |
| Marital Status | Married |
| Spouse | Dana Blumberg |
| Source of Wealth | Chairman and CEO of Kraft Group, owner of New England Patriots (NFL) and New England Revolution (MLS) |
| Philanthropy | Kraft Foundation, New England Patriots Charitable Foundation |
Robert Kraft is the owner of the multi-billion dollar valued Kraft Group. He is most known as the owner of the New England Patriots football franchise. He is also the owner of the Major League Soccer team, New England Revolution. Kraft had humble beginnings in his life as his first job was that of selling newspapers outside the old Braves stadium in Boston as a kid. He went on to attend Columbia University on scholarship and also studied MBA from Harvard Business School.
His first tryst with owning a sports team was in 1974 when he became a part-owner of the World TeamTennis franchise, Boston Lobsters. The die-hard Patriots fan (a season ticket holder since 1971) purchased his dream team, the New England Patriots in 1994 for $172 million. The rest is history as the Patriots have gone on to become one of the most successful football teams in the history of the NFL. As per Forbes, Robert Kraft has a net worth of around $11.1 billion. Let us delve more into the details about the net worth of billionaire Robert Kraft.
What is Robert Kraft’s Net Worth in 2024?
As of 2024, Robert Kraft has a massive net worth of $11.1 billion as per Forbes. The New England Patriots which he bought for $172 million back in 1994 is now worth more than $5 billion in 2024.
Want to know about the most valuable teams in the NFL? Check out the complete list of the most valuable NFL teams here.
Robert Kraft’s Other Sources of Income
Robert Kraft is primarily known as the owner of the New England Patriots however, he made his fortune through his diversified business ventures. The Kraft Group has a number of businesses which range from packaging to equity management.
Robert Kraft’s Charity work
Being one of the richest people in the United States of America, Robert Kraft does his part in giving back to the community. He founded the Kraft Foundation which is his largest philanthropic venture. The group has donated hundreds of millions of dollars towards education, healthcare, women's safety, and youth sports in America and Israel.
Robert Kraft also pledged $20 million to Partners Healthcare in Boston, to launch the Kraft Family National Center for Leadership and Training in Community Health. The center aims to improve access to quality healthcare at community healthcare centers in Boston.
He also supports intercollegiate athletics programs at Columbia University, Harvard Business School, Brandeis University, the College of Holy Cross, Boston College, Tufts University, and Yeshiva University.
One of the greatest endeavors by Robert Kraft was during the pandemic when he partnered with a Chinese company called Tencent to purchase around 1.2 million N95 masks and donate them across El Salvador, New York City, Massachusetts, and Rhode Island. He even put up his Super Bowl LI ring for auction to raise money for people facing food insecurity due to the pandemic.
Robert Kraft has also started a fellowship fund in 2022 in partnership with the Harvard Business School to help potential students with limited means to study at Harvard Business School. He pledged $24 million towards this venture.
Robert Kraft’s Investments
Robert Kraft’s major investments include the New England Patriots football team, the Gillette Stadium, and the New England Revolutions. These are his major investments as owner of the Kraft Sporting Group. The group has also invested in opening an E-sports team called the Boston Uprisings.
Take a detailed look at the list of all NFL teams here.
Robert Kraft is also an investor in the Rand-Whitney Group which is actually a packaging company earlier owned by his father-in-law Jacob Hiatt. Robert Kraft also founded International Forest Products, a paper commodities trading company and one of the largest privately held companies in the United States of America. Kraft is also an investor in several radio stations across Boston.
Robert Kraft Cars
Robert Kraft, a billionaire, has his fair share of vehicles at his disposal. However, one of his most beloved cars is a blue Bentley Continental GT speed convertible. The blue, custom-fitted Bentley was gifted to him by rappers Meek Mill and Jay-Z on his birthday. The car is worth around $240,000.
Robert Kraft’s House
Robert Kraft lives in Chestnut Hills, Massachusetts. He owns a plethora of other properties with his most expensive house being in the Hamptons in New York. He bought an uber-luxurious mansion in the Hamptons for $43 million which is situated next to a beach in Long Island.
How did Robert Kraft make his fortune?
Robert Kraft used to sell newspapers as a kid and his first professional job was in the packaging company Rand-Whitney Group owned by his father-in-law Jacob Hiatt. He took over the company in 1968 through a leveraged buyout. He went on to establish International Forest Products in 1972 which is currently the largest trader of physical paper commodities in the USA.
He diversified his fortune with ventures in more than 30 private equity investments, ownership of sports teams, and other Kraft Group business ventures.
Also Read:
Dallas Cowboys owner, Jerry Jones’ Net Worth
FAQs
When did Robert Kraft buy the New England Patriots?
Robert Kraft purchased the New England Patriots in 1994 for $172, which was the highest amount paid for an NFL team at that time. Kraft had been a lifelong fan of the Patriots and had been a season ticket holder since 1971.
How did Robert Kraft get so rich?
Robert Kraft's majority of wealth is from owning the New England Patriots which is his most valuable asset.
What car did Jay-Z buy Robert Kraft?
Jay-Z along with rapper Meek Mill bought Robert Kraft a Bentley.
How much is Kraft worth?
As of 2024, Robert Kraft has a net worth of $11.1 billion.
As of 2024, Robert Kraft has a net worth of $11.1 billion.
