What is Robert Kraft's Net Worth in 2024?

By Jason Bolton April 14, 2024 11:44

As of 2024, Robert Kraft, the Chairman and CEO of the Kraft Group and the owner of the New England Patriots (NFL) and New England Revolution (MLS), has a staggering net worth of $11.1 billion.

This makes him one of the wealthiest individuals in the United States, with a significant portion of his wealth attributed to his ownership of the New England Patriots, which he purchased for $172 million in 1994.

Notably, the value of the New England Patriots has soared to more than $5 billion in 2023, solidifying Kraft's position as a prominent figure in the sports industry.

Overview of Robert Kraft

Net Worth: $11.1 Billion
Age: 82 years
Country/Territory: United States
Industry: Sports
Residence: Boston, Massachusetts
Marital Status: Married
Spouse: Dana Blumberg
Source of Wealth: Chairman and CEO of Kraft Group, owner of New England Patriots and New England Revolution
Philanthropy: Kraft Foundation, New England Patriots Charitable Foundation

How Robert Kraft Acquired His Wealth

Robert Kraft's journey to immense wealth began with humble beginnings. He started by selling newspapers outside the old Braves stadium in Boston and later pursued higher education at institutions like Columbia University and Harvard Business School.

His first foray into sports team ownership was as a part-owner of the World TeamTennis franchise, Boston Lobsters, in 1974.

In 1994, Kraft fulfilled a lifelong dream by purchasing the New England Patriots for $172 million, a team he had been a devoted season ticket holder of since 1971.

Under his ownership, the New England Patriots have achieved remarkable success, becoming one of the most dominant and successful football teams in the history of the NFL, contributing significantly to his overall net worth.

Sources of Robert Kraft's Wealth

Robert Kraft's primary source of wealth stems from his ownership of the New England Patriots, which is his most valuable asset. Additionally, he is the owner of the New England Revolution, a Major League Soccer team, further adding to his financial portfolio.

Philanthropy and Investments

Kraft is actively involved in philanthropy through the Kraft Foundation and the New England Patriots Charitable Foundation, demonstrating his commitment to giving back to the community. Moreover, he has made strategic investments, leveraging his wealth to contribute to various ventures and initiatives.

Notable Personal Assets

Aside from his business ventures, Robert Kraft is known for his collection of vehicles, with one of his most cherished cars being a blue Bentley Continental GT speed convertible, which was gifted to him by rappers Meek Mill and Jay-Z on his birthday. The car holds an approximate value of $240,000, reflecting Kraft's penchant for luxury and style.

Comparison with Other Wealthy Individuals

In comparison to other affluent personalities, Robert Kraft's net worth places him among the elite in the United States, with a fortune that has continued to grow over the years.

His achievements as a sports team owner and his entrepreneurial acumen have cemented his status as a prominent figure in the world of sports and business.

Robert Kraft's net worth in 2024 stands at an impressive $11.1 billion, placing him among the wealthiest individuals in the United States.

His journey from modest beginnings to owning a multi-billion dollar valued Kraft Group and the highly successful New England Patriots is a testament to his vision, business prowess, and enduring dedication to the world of sports.