Robert Kraft, born on June 5, 1941, is an entrepreneur who owns and operates one of the world’s biggest holding companies. He also owns three sports teams: two in major leagues and one in eSports. He is one of the world’s wealthiest people. Let’s celebrate this rich business tycoon’s special day, right here!
Robert Kraft was born on June 5, 1941, in Brookline, Massachusetts to Sarah Bryna and Harry Kraft who were of Jewish ancestry. He graduated from Columbia University and earned his M.B.A. at Harvard Business School in 1965.
He began his professional career at the Rand-Whitney Group, a packaging company based in Worcester and which he chairs to this day. He also founded International Forest Products in 1972, which traded in physical paper commodities. These two companies are the largest paper packaging companies in the U.S. Kraft’s companies have produced both corrugated and foldable cartons that are used by several other industries around the world, such as cosmetics, candies, and toys. The business expanded to more interests over the years. In 1998, he formed the Kraft Group. In 1985, Kraft bought a horse racing track beside the New England Patriots stadium for $22 million. Two years later, Kraft bought the football team from Orthwein for $172 million. He made a lot of investments to spur the team’s growth. In 2017, Kraft bought Boston Uprising, an eSports team that plays in the Overwatch League. The team won the very first season of the league in 2018. He founded the New England Revolution, a soccer team that plays in Major League Soccer. He hired Bruce Arena as the team’s head coach in 2019, and they played their first playoffs in 2020.
Kraft also established the Kraft Foundation, which has donated millions of dollars to philanthropic projects such as those related to education, the protection of children and women, and American and Israeli causes. He was married to Myra Nathalie Hiatt for 47 years until she passed away in 2011; he has four children with Hiatt. Kraft recently married Dana Blumberg, an ophthalmologist.
After a leveraged buyout, he gains control and chairs Rand-Whitney Group, a packaging company based in Worcester.
He establishes International Forest Products, which trades in paper-based commodities.
Kraft buys a racing track and the N.F.L. team New England Patriots.
Kraft gains ownership of the New England Patriots from James Orthwein, purchasing it for $172 million.
He heads the Kraft Group, a diversified holding company with assets in paper and packaging, sports, entertainment, and real estate development.
He founds the New England Revolution, a soccer team that plays in Major League Soccer, and hires Bruce Arena as its head coach.
Why We Love Robert Kraft
He fights for what is right
A lot of Kraft’s money has been used for charitable and worthy causes. He donated $20 million to help build a foundation that fights anti-semitism.
He’s extremely smart
In 1985, when he bought the racetrack beside the Patriots’ old stadium, it was a strategy that allowed him to gain control of his favorite N.F.L. team. It was a really smart move.
He’s a kind soul
Apart from the fact that Kraft does a lot of charity, he treats the New England Patriots as his family. Stephen Gostkowski, the team’s kicker, said that Kraft once gave him a gift for his newborn. The player attributed the team’s success to Kraft’s kindness and generosity.
5 Surprising Facts
His father’s dream
In his younger days, Kraft had to forgo all his sports interests to focus on his Hebrew studies as his father wanted him to become a rabbi.
He sold shares worth millions
He sold his shares at the New England Television Corp (which he chaired from 1983 to 1991) for $25 million.
His first sports team
The Boston Lobsters, the first sports team he owned, played in World Team Tennis.
His very famous friends
Some of his friends include businessman Rupert Murdoch, former President Donald Trump, legendary singer Elton John, and the Dalai Lama.
He worked for his father-in-law
He landed his first job at Rand-Whitney Group, a company owned by Myra’s father, Jacob Hiatt.
Robert Kraft FAQs
Did Robert Kraft congratulate Tom Brady?
Yes, Kraft released a statement that expressed his admiration for the football quarterback’s exceptional career.
Does Robert Kraft own Gillette?
Kraft owns the Gillette Stadium; the company Gillette, which makes shaving razors, is owned by Procter & Gamble.
Where did Robert Kraft meet his first wife Myra?
Kraft met her at a delicatessen.
Robert Kraft’s birthday dates