⬅ # 154 Mikhail Fridman|# 156 John Doerr ➡

# 155 George Roberts 

$12.9B

Real Time Net Worth
as of 5/10/2024
$75.9M (0.59%)

# 155 George Roberts 

$12.9B

Real Time Net Worth
as of 5/10/2024
$75.9M (0.59%)
OccupationCofounder, Kohlberg Kravis Roberts
Source of WealthPrivate Equity
Age80
ResidenceAtherton, California
Marital StatusWidowed, Remarried
Children3
EducationBS, Claremont McKenna College; JD, UC Hastings
Age-Adjusted Net Worth$3.34B
George Roberts
George Roberts
United States
Net worth: $12.9B

Self-Made Score 

Wealth History

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Biography

Overview

George Rosenberg Roberts (born 1943) is an American financier.
Co-founded private equity giant KKR with Henry Kravis and their mentor Jerome Kohlberg in 1976.
In October 2021, gave up co-CEO titles and became executive co-chairs of KKR.
KKR went public on the New York Stock Exchange in 2010.
KKR has over 100 portfolio companies generating about $300 billion in revenues, making it one of the five largest private equity firms globally.

Early Life and Education

Born into a Jewish family in Houston, Texas.
Graduated from Culver Military Academy in 1962, receiving the 'Man of the Year' Award in 1998.
Graduated from Claremont McKenna College in 1966 and the University of California's Hastings College of the Law in 1969.

Career

Worked at Bear Stearns in the late 1960s and early 1970s, becoming a partner at age 29.
Co-led a series of 'bootstrap' investments with Kohlberg and Kravis, including the significant leveraged buyout of Orkin Exterminating Company in 1964.
Co-founded Kohlberg Kravis Roberts in 1976 after tensions with Bear Stearns.
Early investors in KKR included Henry Hillman.
Raised the first institutional fund with investor commitments in 1978.

Personal Life

Married Leanne Bovet in 1968, daughter of Eric B. Bovet and Dorothy Champion of San Mateo, California; she passed away in 2003.
Married Goldman Sachs partner Linnea Conrad on May 22, 2010.

Philanthropy and Public Positions

Founder and chairman of non-profit organizations such as the Roberts Enterprise Development Fund (REDF), focusing on job creation.
Trustee of Claremont McKenna College and Culver Military Academy.
Board member of San Francisco Symphony, San Francisco Ballet, and the Fine Arts Museum.
Donated $50 million to Claremont McKenna College in 2012 and $140 million in 2022.

How long would it take you to become as rich as George Roberts?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach George Roberts's net worth of $12.9B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

George Roberts is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For George Roberts, Private Equity is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey