Being the head of The Kraft Group has made Robert Kraft one of the wealthiest people on the planet. As the primary owner of the New England Patriots, the New England Revolution, and Gillette Stadium, he has gained widespread notoriety in the sports and business worlds.
It is commonly held that Robert Kraft amassed his fortune through his control of Kraft Foods. However, this is not the case. Although Kraft Foods is responsible for many well-known brands, including Grey Poupon, A1, Gevalia, Planters, Jell-O, Kraft Singles, Velveeta, Kool-Aid, Oscar Mayer, Cadburys, and Maxwell House, Robert Kraft has no affiliation with the company.
Early Life
A son, Robert K. Kraft, was born to Sarah and Harry Kraft on June 5, 1941, in Brookline, Massachusetts. He came from a low-income Modern Orthodox Jewish family. After four years at Brookline High School, he was elected president of his class and went on to graduate at the top of his class in 1959. Kraft was elected as president of his Columbia University class once more.
A member of the Zeta Beta Tau fraternity, he also played on the school’s freshman and lightweight football teams. In 1963, Kraft graduated from Columbia University with a bachelor’s degree and in 1965, he earned a master’s degree in business administration from Harvard University.
Kraft was elected chairman of the Newton Democratic City Committee when he was 27 years old, just after he had graduated from Harvard. In 1970, he seriously considered running for Congress from Massachusetts’s 3rd district, but ultimately decided against it out of concern for the strain it would put on his family and the exposure of his private life to the public eye.
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Career
Robert Kenneth Kraft got his start in the business world working for his father-in-packaging law’s company in Worcester called the Rand-Whitney Group. Through a leveraged buyout in 1968, he was able to take full control of the business. Robert was still serving as chairman of the board for the company. He started the paper commodity trading firm International Forest Products in 1972.
According to Kraft, “he started the company on the hunch that improvements in international communications and transportation would lead to growth in international trade in the late 20th century,” and this hunch proved correct.
Kraft and his girlfriend Dana Blumberg got engaged on March 5. New York City served as the setting for their wedding on October 14th, 2022. The Robert Kenneth Kraft Family Fellowship Fund at Harvard Business School was established in 2022 with a $24 million gift to help financially disadvantaged students.
Personal Life
He first encountered Myra Hiatt in a Boston deli in February 1962. They tied the knot in June of 1963. Jonathan, Daniel, Joshua, and David were the names of the couple’s four sons. Their family attended Temple Emanual in Newton, Massachusetts. In 2011, Myra Kraft lost her battle with ovarian cancer. They put her age at 68 years old.
Kraft began dating the 39-year-younger Ricki Noel Lander, an actress, in June 2012. In the late fall of 2017, Lander became a mother. Although Kraft’s paternity had been widely assumed, he denied it when the birth was announced in May 2018. After dating for a while, Kraft and Lander split up in 2018.
Controversies
For the crime of “soliciting another to commit prostitution,” the chief of police in Jupiter, Florida, issued a misdemeanour charge against Kraft on February 22, 2019. Human trafficking charges resulted from an investigation into the Orchids of Asia Day Spa. Authorities believed spa owners were trafficking women and coercing them into sexual services for paying customers.
At the Orchids of Asia Day Spa, Kraft was allegedly caught on tape engaging in sexual activity. The plea deal that was presented to Kraft on March 19, 2019, was rejected by him because it would have required him to admit guilt. On March 26, Kraft’s attorneys submitted court documents in which Kraft pleaded not guilty to all charges and asked for a trial by jury.
A Florida court ruled in August 2020 that the seizure of the alleged spa sex tapes was a violation of Kraft’s constitutional rights. Prosecution’s attempts to introduce the alleged videos into evidence were halted. Lacking sufficient evidence, all charges against Kraft were dismissed on September 24, 2020.
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Net Worth
Robert Kraft is a businessman with a $7 billion fortune. He was born in Massachusetts. To their son Jonathan in 2010 for $3.8 million, Kraft and his wife Myra sold their 7,500 square foot Cape Cod home. There are seven bedrooms and six bathrooms in the home that was constructed in 2006.
Frequently Asked Questions
How Did Kraft Amass His Wealth?
The New England Patriots, which Robert Kraft has owned since 1994 for a total of $172 million and which has won six Super Bowls, are now worth an estimated $6 billion. Kraft, who as a youngster in Boston sold newspapers outside of Braves Stadium, found early success in the paper and packaging industries.
Is Gillette Also Owned by the Krafts?
He owns the New England Revolution soccer team, the Patriot Place mall next to Gillette Stadium in Foxboro, Massachusetts, and the paper companies Rand-Whitney and International Forest Products, as well as 50 percent of New-Indy Paper.
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Who Is Kraft’s Current Significant Other?
After being linked for the first time in 2019, Robert Kraft and Dr. Dana Blumberg announced their engagement in 2022. Robert Kraft, owner of the New England Patriots and a billionaire, proposed to his girlfriend, Dr. Dana Blumberg, with a ring that featured a Super Bowl trophy.
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