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Robert Kraft Net Worth: Early Life, Career, Personal Life, and Much More!

Robert Kenneth Kraft is an American businessman with a net worth of $1 billion. He is the chairman and chief executive officer (CEO) of the Kraft Group, which is a holding company with assets in paper and packaging, sports and entertainment, real estate development, and a private equity portfolio.

Since 1994, he has been the owner of the NFL’s New England Patriots (NFL). He also owns the Major League Soccer (MLS) team New England Revolution, which he started in 1996, and the esports team Boston Uprising, which he started in 2017. As of the year 2022, he is worth $7 billion.

Robert Kraft Quick Info

Net Worth: $7 Billion
Date of Birth: Jun 5, 1941 (81 years old)
Gender: Male
Profession: Businessperson, Entrepreneur
Nationality: United States of America

Robert Kraft Early Life: Childhood And Education

Kraft was born in Brookline, Massachusetts. His parents were Sarah Bryna (Webber) Kraft and Harry Kraft, who made dresses in Chinatown in Boston. His mother was born in Halifax, Nova Scotia. His father was a lay leader at Congregation Kehillath Israel in Brookline, and he wanted his son to become a rabbi. The Krafts were Orthodox Jews who lived in the modern era.

Robert went to the Edward Devotion School and then to Brookline High School, where he got his diploma. When he was young, he sold newspapers outside Boston’s Braves Field. During high school, he couldn’t play most sports because it got in the way of studying Hebrew and keeping the Sabbath after school.

What is the Net Worth of Robert Kraft?

According to Celebrity 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.

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Robert Kraft Career

Robert Kraft has been a fan of the Patriots since they were 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 beat out a lot of other bidders 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.

Robert Kraft Net Worth

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.

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Career in Soccer

Kraft started the New England Revolution in 1996. They were one of the first teams in Major League Soccer, and they started playing at Foxboro Stadium with the Patriots. From 1998 to 2000, Kraft also owned the San Jose Clash, which became the San Jose Earthquakes. In November 2005, Kraft met with Rick Parry, who was the CEO of the English Premier League team Liverpool.

It was said that Kraft was interested in putting money into the Champions League winners of 2004–2005. Kraft told BBC Radio 5 Live: “Liverpool is a great brand, and our family has a lot of respect for it. We’re always looking for chances and ways to improve, so you never know what could happen.”

But George Gillett and Tom Hicks from the United States bought the club in the end. The Boston Red Sox, which is also based in Boston, is owned by the same company that now owns Liverpool.

In October 2017, Kraft said he was still “intrigued” by the idea of buying a Premier League football team, but he was worried that there was no salary cap in British football, which made him nervous.

Personal Life of Robert Kraft

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.

Robert Kraft Net Worth

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.

Real Estate

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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