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Robert Kenneth Kraft [1] (born June 5, 1941) is an American billionaire businessman. He is the chairman and chief executive officer (CEO) of the Kraft Group , a diversified holding company with assets in paper and packaging, sports and entertainment, real estate development , and a private equity portfolio.
Robert Kraft paid $172 million for the New England Patriots in 1994. The franchise is worth $3.7 billion today.
Robert Kraft bought the New England Patriots for $172 million in 1994; the team is now worth about $6 billion and has won six Super Bowl rings.
Robert Kraft, industrialist and sportsman, founder of the Kraft Group and owner of the New England Patriots gridiron football team. Under his ownership, the Patriots became the most consistently successful franchise in the NFL, winner of six Super Bowl titles.
Kraft is currently estimated to be the 188th wealthiest person in the world. How did he earn his massive fortune? He began his career by acquiring a controlling interest in Rand-Whitney Group, a packaging company, which laid the foundation for his success.
Kraft paid $172 million, then a league record, for a team that averaged fewer than seven wins a season and had never won a Super Bowl. Since Kraft bought the team, the Patriots have won the...
Kraft built his fortune in the paper industry. After graduating from Harvard Business School in 1965, Kraft, a Massachusetts native, began his career with the Rand-Whitney Group, a paper and packaging company owned by his father-in-law.
Kraft paid $172 million, then a league record, for a team that averaged fewer than seven wins a season and had never won a Super Bowl. Since Kraft bought the team, the Patriots have won the...
Here's how he made his $4.3 billion fortune, from working at his father-in-law's packaging company to buying the NFL team for $172 million.
Kraft's fortune was built in a seemingly less flashy fashion than other NFL owners'. According to the Patriots' website , he began his business career with Worcester, Mass.-based Rand-Whitney, a company that converted paper into packaging and containers for various products.