Robert Kraft’s net worth in 2024: At the moment, the New England Patriots are worth $7.31 billion, ranking fourth in the NFL. The Dallas Cowboys are worth $10.32 billion, the Los Angeles Rams are worth $7.79 billion, and the New York Giants are worth $7.65 billion.
Kraft has been a key part of the NFL’s rise to fame around the world as the owner of the New England Patriots. Kraft was born in Brookline, Massachusetts, in 1941. He made a lot of money in the package business before he moved on to sports.
Kraft is famous for giving a lot of money to charity and living a fancy life with lots of expensive cars and fancy homes.
What is Robert Kraft’s net worth in 2024?
Celebrity Net Worth says that Robert Kraft’s net worth in 2024 is $11 billion. Many people think that Robert Kraft’s wealth came from the grocery store manufacturing company Kraft Foods.
This is not true at all. Kraft Foods makes Grey Poupon, A1, Gevalia, Planters, Jell-O, Kraft Singles, Velveeta, Kool-Aid, Cadburys, Oscar Mayer, and Maxwell House, but Robert Kraft has nothing to do with them.
Being Chairman and CEO of The Kraft Group, which owns things like paper and real estate, made Robert Kraft very rich. Most people know him as the main owner of Gillette Stadium, the New England Patriots, and the New England Revolution.
Other Ways Robert Kraft Makes Money
While Robert Kraft is best known as the owner of the New England Patriots, he made a lot of money in many other businesses. Different types of businesses make up the Kraft Group. These range from packaging to managing money for investors.
Robert Kraft’s Charity work
Robert Kraft gives back to the community even though he is one of the richest people in the United States. His most important charitable work is the Kraft Foundation, which he started.
The group has given hundreds of millions of dollars to help with healthcare, schooling, women’s safety, and sports for kids in the US and Israel.
Robert Kraft also promised $20 million to Partners Healthcare in Boston to open the Kraft Family National Center for Leadership and Training in Community Health.
The center’s goal is to make it easier for people in Boston to get good medical care at community health centers.
Also, at Columbia University, Harvard Business School, Brandeis University, the College of Holy Cross, Boston College, Tufts University, and Yeshiva University, he gives money to their intercollegiate sports teams.
During the pandemic, one of Robert Kraft’s best actions was working with a Chinese company called Tencent to buy about 1.2 million N95 masks and give them to people in El Salvador, New York City, Massachusetts, and Rhode Island. He even sold his Super Bowl LI ring to raise money for people who are having trouble getting food because of the outbreak.
Along with the Harvard Business School, Robert Kraft also set up a fellowship fund in 2022 to help possible students who don’t have a lot of money go to Harvard Business School. He promised $24 million to help with this project.
For further updates and insights on celebrities, explore our earlier posts where we’ve meticulously examined every aspect.
The investments of Robert Kraft
Robert Kraft has a lot of money invested in the New England Patriots sports team, Gillette Stadium, and the New England Revolutions.
He put most of his money into these things as owner of the Kraft Sporting Group. The group also put money into starting an E-sports team, which they call the Boston Uprisings.
Robert Kraft also has money invested in the Rand-Whitney Group, which used to be owned by his father-in-law Jacob Hiatt and is a packaging business.
International Forest Products is one of the biggest privately held companies in the United States of America. It was started by Robert Kraft and trades in paper commodities. Kraft also has shares in several Boston radio stations.
Robert Kraft Cars
Robert Kraft, who is worth a billion dollars, has a lot of cars to choose from. A blue Bentley Continental GT speed roadster, on the other hand, is one of his favorite cars. Rappers Meek Mill and Jay-Z gave him the blue Bentley that was made just for him for his birthday. It’s worth about $240,000.
The home of Robert Kraft
The home of Robert Kraft is in Chestnut Hills, Massachusetts. He also owns a lot of other properties. His most expensive home is in the New York Hamptons. He paid $43 million for a very fancy home in the Hamptons that is right next to a beach on Long Island.
How did Robert Kraft get so rich?
Jacob Hiatt, Robert Kraft’s father, owned the packaging company Rand-Whitney Group, where Robert Kraft got his first job as an adult. As a child, Robert Kraft sold newspapers. He used borrowed money to buy the company out in 1968.
After that, he started International Forest Products in 1972. It is now the biggest trader of real paper goods in the United States.
He spread out his wealth by investing in more than 30 private equity firms, owning sports teams, and working with the Kraft Group on other business projects.
Gain a thorough understanding of celebrities’ net worth via Wortholino.