Henry Kravis net worth

Henry Kravis net worth

Net Worth: $27 Million

About Henry Kravis

Henry Kravis net worth

It has been estimated that the overall amount of Henry Kravis net worth is as high as 4.8 billion dollars, as of right now. His net worth makes him one of the richest people in the world. He has earned his net worth because of his successful career in business. He is one of the founders of a private equity company called Kohlberg Kravis Roberts & Co. In 2013, it was announced that the assets of the company reached 94.3 billion dollars. Thus, the company has also served as an important source of increasing the overall estimate of Henry Kravis net worth, in addition to making his name well known. In 2015, Forbes ranked him as the 108th wealthiest man in the United States as well as the 278th wealthiest person in the world.
He was born in 1944 in Tulsa, Oklahoma, and he was raised in a Jewish family. His father was also a businessman, working in the oil industry. When he was studying in high school, Henry Kravis was a member of the student government and became a vice president of the student council. He majored in economics at Claremont McKenna College. When he was studying there, he also belonged to the school’s golf team.

Henry Kravis was also a member of the Knickerbockers student service organization. In his sophomore year, he was chosen to be his class Secretary/Treasurer. In 1969, he graduated from Columbia Business School, where he earned his MBA degree.
After graduation, Henry Kravis worked in the financial sector in New York City. Then, he started to work at Bear Stearns, where he was joined by his cousin, George R. Roberts. When both of them were still young, they became partners of the company. In the 1960s and the 1970s, Henry Kravis was one of the people who started a series of ‘bootstrap’ investments. Other people who joined him were his cousin and Jerome Kohlberg, Jr. The trio completed buyouts, such as Incom, Cobblers Industries, Stern Metals, Boren Clay, Eagle Motors and Thompson Wire. Thus, his work with this company has added up first bigger sums of money of the total size of Henry Kravis net worth. Although they had a successful line of investments, the investment in Cobblers, which was around 27 million dollars, resulted in bankruptcy.
In 1976, Henry Kravis, Jerome Kohlberg, Jr. and George R. Roberts started their company, called Kohlberg Kravis Roberts & Co., for which Henry Kravis is mostly known today and which has added up a lot of revenues to the total sum of Henry Kravis net worth. The first investors in the company were the Griffith family and the Hillman family. In 1987, the only leaders of the firm became Henry Kravis and George Roberts when Jerome Kohlberg, Jr. left the company. Some companies in which the firm has invested include Playtex, Regal Entertainment Group, health care provider Hospital Corporation of America, TXU, Beatrice Foods, Toys R Us, First Data, Borden, Duracell and Safeway. Thus, the company has become quite a successful private equity firm throughout the years.

Now you have an idea why Henry Kravis net worth is this huge


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