⬅ # 240 Ivan Glasenberg|# 242 Steven Rales

# 241 Robert Kraft 

$9.79B

Real Time Net Worth
as of 4/12/2024

# 241 Robert Kraft 

$9.79B

Real Time Net Worth
as of 4/12/2024
OccupationChair & CEO, The Kraft Group
Source of WealthManufacturing, New England Patriots
Age82
ResidenceBrookline, Massachusetts
Marital StatusWidowed, Remarried
Children4
EducationBS, Columbia University; MBA, Harvard Business School
Age-Adjusted Net Worth$2.21B
Robert Kraft
Robert Kraft
United States
Net worth: $9.79B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Robert Kenneth Kraft was born on June 5, 1941 in Brookline, Massachusetts into a Modern Orthodox Jewish family
Sold newspapers outside Braves Field in Boston as a child
Graduated from Columbia University in 1963
Earned an MBA from Harvard Business School in 1965
Married Myra Hiatt in June 1963

Business Career

Started professional career with the Rand-Whitney Group, a packaging company
In 1968, gained control of the company through a leveraged buyout
Founded International Forest Products in 1972, forming the Kraft Group in 1998
Invested in New England Television Corp. and later became its president
Became chairman of the Newton Democratic City Committee at 27

Sports Ownership

Became a New England Patriots season ticket holder in 1971
In 1988, outbid competitors to buy Foxboro Stadium out of bankruptcy
Purchased the New England Patriots for $172 million in 1994
Considered moving the Patriots to Hartford in 1998, but later built Gillette Stadium in 2002
Traded for the rights to hire Bill Belichick as head coach in 2000
Led Patriots to sustained success, winning six Super Bowls and numerous division titles

Other Sports Ventures

Founded the New England Revolution in 1996, a charter member of MLS
Owned the San Jose Clash (later San Jose Earthquakes) from 1998 to 2000
Expressed interest in investing in English Premier League team Liverpool in 2005
Named Honorary Chairman for the successful joint bid for the 2026 FIFA World Cup
Hired Bruce Arena as head coach of the New England Revolution in 2019

Esports

Founded the Boston Uprising in the Overwatch esports league in 2017

Personal Life

First wife, Myra Hiatt Kraft, died of ovarian cancer in 2011
Married Dana Blumberg, an ophthalmologist, in October 2022
Held a lavish wedding where Elton John performed

How long would it take you to become as rich as Robert Kraft?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Robert Kraft's net worth of $9.79B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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

Robert Kraft 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 Robert Kraft, Manufacturing and New England Patriots are the primary sources. 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