What is Patriots owner Robert Kraft's net worth?
He reportedly grew up selling newspapers outside of Boston’s former Braves Stadium
Attorney Remi Spencer gives her take on why a Florida judge halted prosecutors plans to release video footage of New England Patriots owner Robert Kraft.
Self-made billionaire Robert Kraft’s name has become synonymous with the New England Patriots, as the longtime owner of the six-time Super Bowl champions.
Kraft, 78, ranked No. 82 of “Forbes 400” Wealthiest Americans in 2019, and he was the 244th richest person and the 9th richest NFL owner out of 42 people that same year, according to the financial magazine.
“In life, I think it’s important to dream big. My dream was to be able to own the NFL franchise that I adored and was passionate about. I wanted the privilege of trying to run it in my own hometown,” the pigskin tycoon previously told ESPN. “It’s unbelievable to me; I just sit back and pinch myself."
Tom Brady shakes the hand of owner Robert Kraft of the New England Patriots before a game against the Miami Dolphins at Gillette Stadium on Dec. 29, 2019, in Foxborough, Massachusetts. (Photo by Adam Glanzman/Getty Images)
But not all his $6.9 billion comes from football.
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He grew up selling newspapers outside of what was then Boston’s Braves Field, according to Forbes.
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Kevin Hart and Chief Executive Officer of the New England Patriots Robert Kraft attend SiriusXM at Super Bowl LIII Radio Row on Feb. 1, 2019 in Atlanta, Georgia. (Cindy Ord/Getty Images for SiriusXM)
Kraft is CEO and chairman of The Kraft Group a Massachusetts-based family of companies that oversees a number of paper, entertainment and packaging businesses. In addition to the New England Patriots, which Kraft bought in 1994, Kraft Group also owns the Patriots' home turf, Gillette Stadium, in Foxborough, Mass., according to the Bloomberg Billionaire Index.
He bought the team for $172 million and the franchise has since grown to be worth $3.8 billion.
The holding company’s other sports and entertainment ventures include MLS team New England Revolution and the Boston Uprising e-sports team, according to its website.
And the Kraft Group oversees half a dozen paper and packaging companies.
New England Patriots owner Robert Kraft and his son New England Patriots President Jonathan Kraft on the field prior to the Patriots' game against the New York Jets in 2018. (Rich Graessle/Icon Sportswire via Getty Images)
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Kraft, who Bloomberg reported lost his wife of 50 years in 2011, is a father of four sons, three of whom have executive roles at the company. Last year, the mogul was busted in Florida allegedly soliciting prostitution — an allegation for which he later apologized.
Forbes estimated he has donated $600 million to charity in his lifetime so far.
FOX Business' Thomas Barrabi contributed to this report.