Robert Kraft Net Worth: What is His Net Worth in 2022?

By Willie Neal On Oct 20, 2022

Billionaire American businessman Robert Kenneth Kraft was born on June 5, 1941. As chairman and chief executive officer (CEO), he oversees the operations of the Kraft Group, a conglomerate that operates in multiple industries, including paper and packaging, professional sports, real estate development, and private equity. In 1994, he bought the NFL team that would become known as the New England Patriots (NFL)

Table of Contents

Robert Kraft

Bio

Name	Robert Kraft
Profession	American billionaire businessman
Father	Harry Kraft
Mother	Sarah Kraft
Robert Kraft Nationality	American

Early Life

Kraft was born in Brookline, Massachusetts, the son of Sarah Bryna (Webber) and Harry Kraft, a dress manufacturer. As a child, he sold newspapers outside of Braves Field in Boston. During high school, he was unable to participate in most sports because it interfered with his after-school Hebrew studies and observance of the Sabbath.

Kraft attended Columbia University on an academic scholarship and served as class president. He met Myra Hiatt at a delicatessen in Boston’s Back Bay in 1962 and they married in 1963.

Career

In the beginning of his professional life, Kraft worked for the Rand-Whitney Group, a Worcester-based packaging company. In 1985, he purchased a 10-year option on Foxboro Raceway, which is a horse track located just adjacent to the stadium. Additionally, between the years 1998 and 2000, Kraft was the owner of the San Jose Clash, which would later become the San Jose Earthquakes.

As a token of his appreciation in 2005, Patriots owner Robert Kraft presented Russian President Vladimir Putin with the third Super Bowl ring in his collection. The nonprofit organization that bears the Kraft name was initially established by Myra and Robert Kraft, its namesake.

Their sponsorship of American football in Israel, which includes both the Kraft Family Stadium in Jerusalem as well as the Kraft Family Israel Football League, is one of the most notable ventures that they have undertaken. In 2019, Kraft was awarded Israel’s Genesis Prize, a one-million-dollar honor bestowed upon a person or organization that is dedicated to upholding Jewish ideals and serves as an inspiration to the future generation of Jews.

Robert Kraft’s Net Worth

According to Celebrity Net Worth, Robert Kraft’s net worth is $7 billion dollars. Robert Kraft is the richest man in the world since he is the Chairman and CEO of The Kraft Group. He is most recognized as the major owner of several notable Boston properties, including the New England Patriots, the New England Revolution, and Gillette Stadium.

Philanthropy

The Columbia/Hillel was built with an $11.5 million donation from Kraft in 2000 and features the same white stone seen in Jerusalem. Kraft pledged $6 million in 2017 to help fund the construction of Israel’s first NFL-standard football stadium.

Kraft organized a 2019 soccer match between the New England Revolution and Chelsea F.C. to raise money to fight antisemitism. Kraft was awarded Israel’s Genesis Prize in June 2019; the prize is a million dollars and is presented to someone who is dedicated to Jewish principles. He said he would give $20 million to start a nonprofit to fight anti-Semitism and the BDS campaign, which is a group that wants to hurt Israel.

When the COVID-19 pandemic hit in May 2020, Kraft decided to auction off his Super Bowl ring to help feed individuals who were going hungry as a result of the epidemic. For students from low-income families, Harvard Business School will be opening the Robert K. Kraft Family Fellowship Fund in 2022 with a $24 million endowment. The Rhode Island Rams had planned to use team funds to cover the expenditures, but he ended up footing the bill instead.

Personal Life

In June of 1963, Robert Kraft married Myra Nathalie Hiatt, who was a Brandeis University alumna and the daughter of a successful businessman named Jacob Hiatt. On July 20, 2011, she passed away from ovarian cancer at the age of 68. Throughout the entirety of the 2011 season, the Patriots’ uniform jersey featured a patch with Kraft’s initials (MHK) sewn onto it.

As of the 25th of February 2019, Kraft was being charged with a first-degree misdemeanor for allegedly soliciting prostitutes at the Jupiter day spa. On September 24, 2020, it came out that the accusations against Kraft had been dropped because there wasn’t enough proof to back them up.

Frequently Asked Question

Who is Robert Kraft?

Robert Kraft entered this world on June 5, 1941, in Brookline, Massachusetts. He is a successful businessman who runs a diverse group of companies under the Kraft Group name. These companies are in different industries, such as real estate and construction, sports and entertainment, and private equity.

What is Robert Kraft’s Net Worth?

In October 2022, celebrity net worth estimated Robert Kraft’s net worth to be $7 billion. It is believed that the ownership of the New England Patriots and the New England Revolution contributed to his fortune.

Who is Robert Kraft’s Father?

Robert’s father is Harry Kraft.

Summary

Sarah Bryna (Webber), a dressmaker, and Harry Kraft, who was also a dress manufacturer, was the son of Sarah Bryna (Webber). Kraft was born in Brookline, Massachusetts. He used to work as a newspaper vendor when he was a kid in the Boston area, namely outside of Braves Field.

Because it conflicted with his after-school Hebrew studies and his devotion to the Sabbath, he was prevented from taking part in the majority of the sports that were offered to him when he was in high school. In 1962, he met Myra Hiatt for the first time in a delicatessen in the Back Bay neighborhood of Boston, and the two of them were married the following year.