⬅ # 117 Harry Triguboff|# 119 George Kaiser ➡

# 118 Henry Kravis 

$16.8B

Real Time Net Worth
as of 11/21/2024
$74.8M (0.45%)

# 118 Henry Kravis 

$16.8B

Real Time Net Worth
as of 11/21/2024
$74.8M (0.45%)
OccupationCo-Chair and Co-CEO, KKR
Source of WealthPrivate Equity
Age80
ResidenceNew York, New York
Marital StatusMarried
Children2
EducationBS, Claremont McKenna College; MBA, Columbia Business School
Age-Adjusted Net Worth$4.34B
Henry Kravis
Henry Kravis
United States
Net worth: $16.8B

Self-Made Score 

TAG Heuer Formula 1 Quartz Chronograph

Wealth History

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Biography

Early Life

Henry R. Kravis was born on January 6, 1944, in Tulsa, Oklahoma, into a Jewish family.
His parents were Bessie and Raymond F. Kravis, a successful Tulsa oil engineer and former business partner of Joseph P. Kennedy.
Kravis began his education at Eaglebrook School and later attended the Loomis Chaffee School for high school.
He went on to study economics at Claremont McKenna College and graduated in 1967.
Afterward, Kravis pursued an MBA at Columbia Business School, completing his degree in 1969.

Career

Early Career: Worked in New York City's financial sector; joined Bear Stearns with first cousin George R. Roberts; became partners at Bear Stearns at ages 30 and 31
Bootstrap Investments: Initiated a series of 'bootstrap' investments, including successful ventures like Stern Metals, Incom, Cobblers Industries, and Boren Clay
KKR Formation: Co-founded Kohlberg Kravis Roberts (KKR) in 1976 with George Roberts; invested $120,000 of their own capital; early investors included the Hillman and Griffith families
1987: Jerome Kohlberg, Jr. resigned from KKR; Kravis and Roberts continued to lead the firm
1988: Orchestrated the $31.4 billion leveraged buyout of RJR Nabisco, dramatized in the book and film 'Barbarians at the Gate'
Investments: KKR invested in various companies over the years, including HCA, TXU, Playtex, Beatrice Foods, Safeway, Toys 'R' Us, Borden, First Data, Regal Entertainment Group, and Duracell
Real Estate Fund: Closed KKR's first real estate specific investment fund in 2013, raising $1.2 billion
Succession Plan: In July 2017, announced Joseph Y. Bae and Scott C. Nuttall as successors; enacted in October 2021 with Kravis and Roberts stepping down as co-CEOs and becoming co-executive chairmen

Philanthropy

Donations to Columbia University Business School: $100 million in 2010, $25 million in 2015

Personal Life

Marriages: Three marriages, first to Helene Diane 'Hedi' Shulman (divorced), second to Carolyne Roehm (divorced), and currently married to Marie-Josée Drouin
Children: Harrison S. Kravis (1972-1991), Robert R. Kravis (b. 1973), Kimberly Kravis Schulhof (b. 1975)
Residences: Primarily lives in New York City with a seasonal residence in Palm Beach, Florida; additional homes in Southampton, New York; Paris; and Sharon, Connecticut

Henry Kravis's Wealth is Equivalent to:

12,940,724 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

3,180,700 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

171,802 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Henry Kravis?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Henry Kravis's net worth of $16.8B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

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

Henry Kravis 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 Henry Kravis, 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey