Robert Kenneth Kraft, professionally known as Robert Kraft, is an American businessman and entrepreneur. Robert Kraft net worth is much more attractive because of his hard-working.
Similarly, the American businessman became wealthy as Chairman and CEO of The Kraft Group, which tends to hold assets in everything from paper to real estate.
Likewise, he is most widely known as the primary holder of the New England Patriots, the New England Revolution, and Gillette Stadium.
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Robert Kraft: Quick Facts
|Full Name||Robert Kenneth Kraft|
|Net Worth||$7 Billion|
|Date of Birth||5th June 1942|
|Birth Place||Brookline, Massachusetts, USA|
|Father’s Name||Harry Kraft|
|Mother’s Name||Sarah Bryna|
|Siblings||Avram Rachmiel Kraft & Elizabeth Rachel Kraft|
|Wife/ Girlfriend||Myra Kraft|
|Children||Jonathan Kraft, David Kraft, Joshua Kraft & Daniel A. Kraft|
|Education||Brookline High School, Columbia University & Harvard University|
|Height||5’57” or 170 cm|
|Weight||67 kg or 165 pounds|
|Ethnicity||Modern Orthodox Jewish|
|Married Date||m 1963-2011|
|Social Media Presence||Not Known|
|Last Updated||July 2022|
Robert Kraft Net Worth and Income
Robert Kraft net worth is $7 billion as of 2022. However, there is a popular misconception that Robert Kraft earned his money from grocery manufacturing conglomerate Kraft Foods. However, it is not at all true.
Kraft has no connection to Kraft Foods, known for products like Velveeta, Grey Poupon, A1, Gevalia, Planters, Jell-O, Kraft Singles, Kool-Aid, Cadburys, Maxwell House, and Oscar Mayer.
After graduating with an MBA from HBS, he worked with the Randy-Whitney Group, a packaging company of his father-in-law.
Later, he became the company’s chairman and founded International Forest Products, a trader of paper commodities, in 1972. However, the two paper and packaging companies are the largest privately held companies in the industry in the U.S.
Later, in 1982 he also became an investor in New England Television Corporation, which took control of WNAC-TV. Kraft became a member of the board of directors in 1983 and president of the corporation in 1991.
In 1991, the billionaire entrepreneur sold his shares for $25 million and owned different Boston radio stations.
Likewise, Robert established his own Kraft group paper business in 1989 and ran in 90 countries. The company sells over $2 billion.
Robert Kraft Net Worth in various currencies
|Name of Currencies||Value of Net worth|
|Indian Currency||Rs 558,498,500,000|
Robert Kraft and his wife, Myra, sold their 7,500-square-foot mansion to their son Jonathan for $3.8 million. The mansion included seven bedrooms and six bathrooms and was built in 2006.
Moreover, the New England Patriots owner recently purchased a 7,000-square-foot mansion for around $43 million. His new larger-than-life home was built in 2017 and is located in Southampton, New York.
The compound home locates right on the beach and includes an oceanfront pool.
The mansion features ten bedrooms, 8.5 bathrooms, and four fireplaces. Henry Kravis, Leon Black, and Ken Griffin are his neighborhood.
On Kraft’s 80th birthday, his friends gifted him a custom Bently convertible which cost around $300,000. Being an American billionaire businessman, he might have many expensive car collections.
But there is no information on the daily drives of cars on the internet.
Robert donated $11,5 million to construct the Columbia/Hillel in 2000. This is made of the same white stone used in Jerusalem.
After a $5 million of the huge payment to Columbia’s intercollegiate sports program in 2007. The Baker Field Athletic Complex was named Robert K. Kraft Field, the playing field at Columbia Lawrence A. Wien Stadium.
With the enormous help of the New England Patriots Charitable Foundation, the businessman announced to donate $100,000 to the Boston Marathon bombing victims.
However, Kraft announced a donation of $6 million in 2017 to build an American football field in Israel. Later, he traveled to Israel with his NFL Hall of Famers for the grand opening of the new Kraft Family Sports Campus.
Again in 2017, the wealthiest entrepreneur funded a new van to help the opioid crisis in Boston. Moreover, he also donated $10 million to CJP for the renovation of its headquarters in downtown Boston in 2018.
Like Chelsea Football Club, owner Abramovich hosted a soccer match between the New England Revolution and Chelsea F.C called Final Whistle.
They had an aim to raise funds. Successfully, the game raised $4 million, and Kraft personally donated $1 million toward the fund.
The American star received $1 million in June 2019 as Israel’s Genesis Prize. He announced $20 million to establish a foundation to fight against discrimination against Jews and others at the Jerusalem event.
Just after next months, he donated $100,000 to the families of seven motorcyclists killed in a crash the month before.
In 2019, Kraft donated $20,000 and attended the first death anniversary of firefighter Christopher Roy. He led 29 missions to Israel 2019.
Similarly, Robert partnered with Chinese Company Tencent to purchase 1,2 million N95 masks to donate to New York and Massachusetts medical workers in 2020.
To help them from the coronavirus pandemic, they were sent the New England Patriot’s private team plane to China to pick up the suppliers.
He had aimed to donate 1.7 million masks, but only 1.2 million fit on the board. At Shenzhen Baoan International Airport, they were allowed three hours on the ground in China.
In May 2021, the plane was used to deliver 500,000 vaccines to El Salvador. Furthermore, they were using new England patriots trucks and distributed 300,000 masks in New York, whereas 900,000 masks were in Massachusetts and 100,000 in Rhode Island.
During the COVID-19 pandemic, the businessman also put his Super Bowl LI up for providing food to needed ones.
Harvard Business School announced scholarships to potential students with the creation of the Robert K. Kraft Family Fellowship Fund in 2022.
As a charity, Kraft Foundation has donated hundreds of millions of dollars for education, child-women-related issues, healthcare, youth sports, and American and Israeli causes.
Moreover, he also supported many institutions such as Columbia University, Brandeis University, Harvard Business School, The College of the Holy Cross, Tufts University, Boston University, the Belmont Hill School, Yeshiva University, and the Boys & Girls Club of Boston.
With her wife, Myra Robert, he launched the Passport to Israel Fund in collaboration with the Center for Jewish Progress of Greater Boston (CJP) in 1989.
It helps the parents to send their teenage children to Israel. They aim to support American Football Israel, including Kraft Family Stadium in Jerusalem and the Kraft Family Israel Football League.
In the United States, his father-in-law and wife founded a joint professorship between Brandeis University and Holy Cross College in 1990. This was the first inter-religious provided chairs in the USA.
The foundation also donated $20 million to Partners HealthCare in 2011 to launch Family National Center for leadership and Training in Community Health.
This plan will improve access to quality healthcare at community college health centers throughout New England. In Boston, the Krafts supported the Dana-Farber Cancer Institute.
Robert Kraft owns the New England Patriots football team, which he bought in 1994.
Similarly, Kraft Group also owns Gillette Stadium, the adjacent Patriot Place mall, the Revolution soccer team, paper companies Rand-Whitney, International Forest Products, and half of the New-Indy paper in Foxboro, Massachusetts.
The full name of Kobert Kraft is Robert Kenneth Kraft, born in Brookline, Massachusetts, United States of America.
Kraft is the son of his father, Harry Kraft, and mother, Sarah Bryana Kraft. Harry was a dree manufacturer in Boston’s Chinatown.
Likewise, Sarah was born in Halifax, Nova Scotia, Canada.
In his early life, his father was a lay leader at Congregation Kehillah Israel in Brookline. Robert’s father always wanted him to become a rabbi.
The American businessman belongs to a Modern Orthodox Jewish family and holds American citizenship. His zodiac sign is Gemini.
After graduating from college, he was elected chairman of the Newton Democratic City Committee at 27. In 1970, Kraft shortly considered running for Massachusetts’s third district seat.
However, an entrepreneur was discouraged from entering politics by the suicide of his friend State Representative H. James Shea. Jr.
Talking about his school life, he went to the Edward Devotion School. After receiving primary education from Edward, he attended Brookline High School. In 1959, Robert graduated from high school.
Kraft was a good student and senior class president in high school. Instead, Harry’s son was a child, and he sold newspapers outside of Braves Field in Boston.
The businessman could not participate in any sports programs during high school as it interfered with his after-school Hebrew studies and observance of the Sabbath.
Robert got an academic scholarship at Columbia University, where he became a class president. The famous person then played tennis and safety on the school’s freshman and lightweight football teams.
In 1963, Robert completed his bachelor’s degree from Columbia and pursued an MBA from Harvard Business School. In 1965, he earned a master’s degree studies.
Age and Height| How Tall Is Robert Kraft?
Robert Kraft was born on 5th June 1942. Currently, he is 80 years old. He is 5’57” or 170 cm tall and weighs around 67 kg or 165 pounds. Although he is an old guy but always concentrates on his health.
The billionaire businessman has an eye color of green and hair color of white. He wears a shoe size of 8 (U.S.).
Robert Kraft Girlfriend and Wife
While studying at Columbia University, Robert Kraft met Myra Nathalie Hiatt and fell in love with her. However, Myra was the daughter of businessman and philanthropist Jacob Hiatt.
In June 1963, the couple got married. They had a happy marriage and gave birth to four sons. They stayed together for 48 years. Unfortunately, in 2011, Myra died of cancer at the age of 68 and leaving Robert from this world.
Just a year later, Kraft started dating actress Ricki Noel Lander. Lander gave birth to a baby boy, but Kraft was not the biological father of the baby boy. So they split in 2018.
Since 2019, Robert has been dating Dana Blumberg. She is professionally a famous American doctor, celebrity partner, and entrepreneur.
The couple did date for a long time, and there is an age gap of 33 years between them. It means Blumberg is 33 years younger than her fiancee Kraft. In March 2022, the billionaire businessman got engaged to Dr. Dana.
Robert Kraft Children
Robert Kraft and Myra Nathalie Hiatt had four sons: Jonathan Kraft, David Kraft, Daniel A. Kraft, and Joshua Kraft. All four sons ran the family business and helped their father.
They are equally responsible for the Kraft Foundation and all the charities’ foundations.
Their first son was born on 4th March 1964 and is the president of Kraft Group and New England Patriots and investor operator of the New England Revolution. he has a net worth of $20 million.
There is not much information about their other three sons on the internet.
Robert Kraft has been a mammoth Patriots fan since their American Football League days. In1991, he was a season ticket holder on it. Kraft purchased the land next to the New England Patriots’ Stadium in 1985.
However, this was the first step of Krfts’s master plan to buy the New England Patriots.
In step two, in 1988, Kraft offered high prices a take out of competitors to buy the stadium, which was in bankruptcy court for $25 million. However, it was the essential part of Robert’s master plan to purchase the team ultimately.
At the same time, the Patriots were moving to St. Louis because it was well known that then-owner James Orthwein wanted NFL to return to his hometown.
Since 1998, St. Louis had been without an NFL franchise when the Cardinals moved to Arizona. Likewise, Sullivan and Kiam tried to move the team to Jacksonville, but kraft refused to let them break the contract.
Moreover, there was just one problem, to leave Massachusetts that Robert Kraft would need to fully come to an agreement to allow the team to buy out all the remaining years on their stadium’s contract agreement.
Later in 1992, James Orthwein offered Kraft $75 million to buy out the remainder of the team’s contract at Foxboro Stadium.
Robert agreed and proposed $172 million, equal to $300 million today at the time of record, for the NFL to purchase the Patriots.
However, this was a shocking amount of money to pay for a team. Eventually, Orthwein accepted the offer. Being of sixteen years and six Super Bowl titles among 10 Super Bowls, the New England Patriots are worth $4.1 billion today.
Furthermore, He also established the Major League Soccer team, the New England Revolution, in 1996.
Awards and Honors
Over the chapter of his career, Robert Kraft has received various awards, honors, and accolades. Some of them are:
- A Carnegie Hall Medal of Excellence Award in 2013
- 1987 Columbia University John jay Award
- 2004 Columbia University Alexander Hamilton Medal
- Six-time Super Bowl champion
- 2006 Theodore Roosevelt Award
- 2011, Robert was appointed to the American Academy of Arts and Sciences
- 2012 George Halas Award
- 2013 Carnegie Hall Medical of Excellence Award
- At Columbia University, they named the football field Robert Kraft Field
- 2015 honorary doctorate in human letters from Yeshiva University
- 2019 Genesis Prize of $1 million
Robert was charged with criminal charges for soliciting another to commit prostitution on 22nd February 2019 by the chief of police in Jupiter, Florida. Due to a human trafficking search at the Orchids of Asia Day Spa, he was charged.
However, investigators doubt the spa managers were sex trafficking women, forcing the women to perform sex acts on the clients.
In this case, Kraft also reportedly video recorded taking part in sexual activity at the Orchids of Asia Day Spa.
He accepted his crime and was guilty of it. Then, on 26th March 2019, his lawyers filed legal documents in which Kraft promised not to be responsible for all charges and requested a jury trial.
Due to lack of evidence, all charges against Robert were canceled on 24th September 2020.
Social Media Presence
As a businessman and entrepreneur, Robert Kraft is not very active on social media networking sites such as Instagram, Facebook, Twitter, and YouTube. He keeps his personal and professional life secret by not posting on any sites.
Interesting Facts about Robert Kraft
- Harry, his beloved father, wanted him to be a Rabbi.
- Kraft became a politician at the age of 27.
- At 80, he got engaged to his new girlfriend, Dana Blumberg.
- After graduation, his father-in-law gave him his first job at his company, Rand-Whitney Group.
- The Boston Lobsters of the World Team Tennis is his first sports team.
- The billionaire businessman is a six-time Super Bowl champion.
Frequently Asked Question about Robert Kraft
- How did Robert Kraft get rich?
The owner purchased the New England Patriots for $172 million in 1994, worth $4.1 billion today.
- What teams does Robert Kraft own?
The American billionaire entrepreneur owns the New England Patriots football team.
- What is the net worth of Robert Kraft?
Robert Kraft will have a net worth of $7 billion on 2022.