- Robert Kraft, the billionaire owner of the New England Patriots who was just charged with soliciting prostitution, is worth at least $4.36 billion.
- He made his fortune in paper manufacturing as the owner of the paper companies Rand-Whitney and International Forest Products. Kraft also owns half of New-Indy.
- The 77-year-old billionaire bought the Patriots for $172 million in 1994. The team is now valued at $3.5 billion.
Robert Kraft, the billionaire owner of the New England Patriots, was charged with two counts of soliciting prostitution on Friday.
Kraft, who also owns two-and-a-half paper companies, a shopping mall, an office park, and a soccer team, is worth at least $4.36 billion – although another estimate puts his net worth at $6.6 billion.
Here’s a look at the wealth, career, and life of the Patriots owner.
Robert Kraft, the billionaire owner of the NFL’s New England Patriots, is worth an estimated $4.36 billion, according to Bloomberg. Forbes, however, estimates a higher net worth of $6.6 billion.
The Patriots owner was charged with two counts of soliciting prostitution on February 22, 2019.
Source: Business Insider
Kraft made his fortune in paper manufacturing.
Source: Forbes via Business Insider
The son of a textile worker and synagogue leader, Kraft attended Columbia University and later enrolled in Harvard Business School.
Source: Bloomberg
It was during his time at Harvard that Kraft started going to Patriots games, though the team was called the Boston Patriots and in the American Football League at the time.
Source: Bloomberg
In 1963, Kraft married Myra Hiatt, who he met in a deli in Boston.
Source: Bloomberg
After graduating from Harvard, Kraft got a job at the Rand-Whitney Group, a packaging company owned by his wife's father. Three years later, he acquired a majority stake in the company. Kraft went on to expand his presence in the paper and packaging industries, starting International Paper Products in 1972.
Source: Bloomberg
Before buying the Patriots in 1994, Kraft was a season-ticket holder for 23 years. He bought the team's Sullivan Stadium in Foxboro, Massachusetts, out of bankruptcy court in 1988.
Source: Patriots.com via Business Insider
Six years later, he bought the Patriots for $172 million, a record at the time.
Source: Bloomberg
Kraft was reportedly offered a lucrative buyout to allow the Patriots to terminate their lease with their stadium and move out of New England, but he refused and opted to buy the team instead.
Source: Patriots.com via Business Insider
Under Kraft's ownership, the Patriots have won six Super Bowls since 2001.
Source: Business Insider
The Patriots are one of the most valuable teams in the NFL, valued at an estimated $3.5 billion.
Source: Bloomberg
In 2011, Myra, Kraft's wife of nearly 50 years, died of ovarian cancer.
Source: Business Insider, Bloomberg
The couple shared four sons: Jonathan, Daniel, Joshua, and David, three of whom are heavily involved in Kraft's business.
Source: The Kraft Group via Business Insider
In 2012, Kraft started dating the actress Ricki Noel Lander.
Source: Business Insider
The couple are frequently seen together at sporting events, including at Boston Celtics games and the US Open.
In 2017, Lander gave birth to a daughter, of whom Kraft has said he is not the biological father. He did, however, reportedly buy Lander a mansion in Los Angeles and is invested in the upbringing of the child.
Source: Sporting News via Business Insider
Kraft donated to Barack Obama's reelection campaign.
He has also praised Donald Trump in public interviews and described the president as a "close friend."
Source: Boston.com
In 2005, Kraft reportedly "accidentally" gave a Super Bowl ring to Russian President Vladimir Putin while on a business trip to Russia. Kraft said he showed his 2004 Super Bowl ring to Putin, who apparently tried it on and never gave it back.
Source: Business Insider
In addition to his ownership of the Patriots, Kraft owns the New England Revolution soccer team, one of the 10 original MLS clubs.
Source: Business Insider
He's still very involved in the paper business as the owner of the paper companies Rand-Whitney and International Forest Products. Kraft also owns half of New-Indy.
Source: Bloomberg
Kraft lives in Brookline, Massachusetts, about six miles from Boston.
Source: Bloomberg, Google Maps
He's active on the boards of the Dana-Farber Cancer Institute, Boston College, and the Massachusetts Competitive Partnership.
Source: Bloomberg