Robert Kraft: CEO of The Kraft Group

Robert Kraft is the CEO of The Kraft Group, which owns New England Patriots and Gillette Stadium. He has an estimated net worth of $6 billion. Robert Kraft was born to a Jewish family in Brookline, Massachusetts, on January 27th, 1937. His father’s parents were immigrants from Russia. His mother’s ancestors were also Russian Jews who emigrated to America; they had come out of Eastern Europe at the turn of the 20th Century.

Robert Kraft attended Brookline High School, an average student; Robert went to Columbia University for his bachelor’s degree in business. Robert graduated from Columbia with a Bachelor of Science degree in Economics and History.

Robert Kraft then spent three years at the Boston Consulting Group before leaving to start Rand-Whitney Group, which Robert founded, and two former classmates from Harvard Business school, Charles Smith and Steve Grimes. The company became one of the leading distributors of paper products throughout New England. In 1972 Robert purchased it back after its sale by Wendell Willkie but kept the name “Rand-Whitney” as part of their new agreement.

Robert moved into real estate investing when he bought large parcels of land on both sides of Interstate 95 near Providence, Rhode Island, and built warehouses and later office buildings. Robert Kraft’s son, Jonathan, who is the President of The Kraft Group, purchased the New England Patriots in 1994 for $172 million. Visit this page for additional information.

Robert was not involved with his son’s purchase but bought out some stockholders several years after to become one of two principal owners alongside his son. Robert inherited Rand-Whitney from his father and turned it into a regional paper products company; he served as its president until selling controlling interest to employees amid bankruptcy threats. In 1969 Robert Kraft built an empire through real estate investments that included shopping malls, hotels, commercial warehouses, and even television stations.

 

Additional information about Kraft can be found on https://www.cbssports.com/college-football/news/patriots-owner-robert-kraft-lends-team-plane-to-undefeated-university-of-rhode-island-football-team/