Robert Kraft was born in Massachusetts and grew up to be a successful businessman. Since he is the Chairman and CEO of The Kraft Group, Robert Kraft is one of the richest people in the world. He is best known as the main owner of the New England Patriots, the New England Revolution, and Gillette Stadium.
Many people think that Robert Kraft got rich because he owns the huge food manufacturer Kraft Foods. Quite the opposite, this is not true. For the record, Robert Kraft has nothing to do with Kraft Foods, which makes Grey Poupon, A1, Gevalia, Planters, Jell-O, Kraft Singles, Velveeta, Kool-Aid, Oscar Mayer, Cadburys, and Maxwell House, among other well-known brands.
How much money does Robert Kraft have?
How Much Is Robert Kraft’s Net Worth?
Robert Kraft is an American businessman who was born in Massachusetts and has a net worth of $7 billion. As Chairman and CEO of The Kraft Group, which has assets in everything from paper to real estate, Robert Kraft made a lot of money. He is best known as the main owner of the New England Patriots, the New England Revolution, and Gillette Stadium.
People often think that Robert Kraft’s wealth came from Kraft Foods, a company that makes and sells groceries. This is not true at all. Robert Kraft has nothing to do with Kraft Foods, which makes Grey Poupon, A1, Gevalia, Planters, Jell-O, Kraft Singles, Velveeta, Kool-Aid, Cadburys, Oscar Mayer, and Maxwell House, among other brands. Must Read John Wall Net Worth
Robert Kraft Biography
Robert K. Kraft was born in Brookline, Massachusetts, on June 5, 1941. His parents were Sarah and Harry Kraft. He grew up in a working-class, Modern Orthodox Jewish family. He graduated from Brookline High School in 1959, where he was the head of his class. Kraft went to Columbia University, where he was class president once again. He was also in a group called Zeta Beta Tau and played football for the school’s freshman and lightweight teams. Kraft got his degree from Columbia in 1963 and then went to Harvard to get his MBA. He got that degree in 1965.
Kraft was elected chairman of the Newton Democratic City Committee when he was 27 and had just graduated from Harvard. He thought about running for the 3rd Congressional District seat in Massachusetts in 1970, but he decided not to because he was worried about how hard it would be on his family and how little privacy he would have.
Jacob Hiatt, who was married to Kraft’s daughter, ran a packaging company called the Rand-Whitney Group. This was Kraft’s first job. In 1968, Kraft led a “leveraged buyout” of the company to take control of it. He is still the head of the Rand-Whitney Group. In 1972, Kraft started International Forest Products, a company that trades in physical paper products. The two paper and packaging companies are the biggest privately owned businesses in the U.S. in their industries.
Kraft also had money in the New England Television Corp., which in 1982 took over WNAC-TV. In 1983, he joined the board of directors as a member. The station changed its name to WNEV-TV, and in 1986, he became president of the company. In 1991, he chose to sell his shares for $25 million, which was one of the options he had. Kraft also bought a number of radio stations in Boston. In the end, he started his own paper business called Kraft Group in 1998. It operates in 90 countries and has sales of more than $2 billion.
New England Patriots
Robert Kraft has been a fan of the Patriots since they played in the American Football League, and he has had season tickets since 1971. He bought the piece of land next to the New England Patriots Stadium in 1985. This was the first step in what now looks like Kraft’s master plan to buy the New England Patriots. Step two was in 1988 when Kraft outbid a lot of other people to buy the stadium for $25 million. At the time, the stadium was in bankruptcy court. As part of the deal, Kraft also had to buy the Patriots’ lease on the stadium. This point is important because it is a key part of Kraft’s plan to buy the team in the long run.
At the time, there were rumors going around Boston that the Patriots were moving to St. Louis. It was known that the Patriots’ owner at the time, James Orthwein, wanted the NFL to come back to his hometown. When the Cardinals moved to Arizona in 1988, St. Louis had been without an NFL team since then. He even had a new name for the team picked out: the St. Louis Stallions. There was just one problem: in order to leave Massachusetts, Robert Kraft would have to agree to let the team buy out the remaining years of their stadium lease.
In 1994, James Orthwein offered Robert Kraft $75 million to buy the team out of the rest of its lease at Foxboro Stadium. The Patriots would have moved to St. Louis if Kraft had agreed. Robert Kraft, on the other hand, saw a chance and took it. He made a counter-bid of $175 million, which is the same as $300 million today. At the time, this was a record for the NFL. This was a shockingly high price to pay for a team that was one of the least valuable in the league at the time. Orthwein took the job because he knew that getting out of the lease would be impossible. The New England Patriots are worth $4.1 billion after 16 years, six Super Bowl wins, and 10 trips to the Super Bowl.
In 1996, Kraft started the New England Revolution, a soccer team that plays in Major League Soccer.
He met Myra Hiatt in a Boston deli in February 1962. In June 1963, they got married. Jonathan, Daniel, Joshua, and David were their four sons. The Krafts went to Temple Emanual in Newton, Massachusetts, where they were members. On July 20, 2011, Myra Kraft died from cancer of the ovaries. She had lived for 68 years.
Kraft began dating actress Ricki Noel Lander, who is 39 years younger than he is, in June 2012.
In the fall of 2017, Lander had a child. People thought Kraft was the father, but when the birth was announced in May 2018, he denied being the father. Kraft and Lander broke up in 2018.
On February 22, 2019, the chief of police in Jupiter, Florida, charged Kraft with a misdemeanor for “soliciting another person to commit prostitution.” A search for people being sold at the Orchids of Asia Day Spa led to the charges. Investigators thought that the spa’s managers were using women as slaves and making them do sex acts on clients. At the Orchids of Asia Day Spa, Kraft was allegedly caught on video having a sexual act. On March 19, 2019, Kraft was given a deal, but he turned it down because he would have had to admit he was guilty. On March 26, Kraft’s lawyers filed legal papers in which he pleaded not guilty to all charges and asked for a trial by a jury. A Florida court ruled in August 2020 that Kraft’s constitutional rights were violated when police took the alleged videotapes of him doing sex acts at the spa. The court said that the government couldn’t use the alleged videos in court. On September 24, 2020, all charges against Kraft were dropped due to a lack of evidence.
Robert Kraft And Dana Blumberg’s Wedding
We’ve heard that the 81-year-old billionaire and the 47-year-old doctor invited people to a “Kickoff and a Touchdown” party at the Hall des Lumières in lower Manhattan and told them to dress festively, but they didn’t tell anyone that they were getting married.
Sources say the couple showed an emotional 10-minute video before NFL commentator Al Michaels introduced them as husband and wife to the crowd of about 250 people.
In 2010, Kraft and his wife, Myra, sold their 7,500-square-foot Cape Cod home to their son Jonathan for $3.8 million. Built-in 2006, the house has seven bedrooms and six bathrooms.
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Jessa Martin is the author of Nogmagazine, A professional in writing by day, and novelist by night, she received her bachelor of arts in film from Howard University and her master of arts in media studies from the New School. A Brooklyn native, she is a lover of naps, cookie dough, and beaches, currently residing in the borough she loves, most likely multitasking.