Robert Kraft is the owner, chairman and CEO of the New England Patriots. He purchased the team in 1994 for $175 million. The Patriots are now worth an estimated $3.7 billion, making Kraft one of the wealthiest owners in the NFL. Under Kraft’s leadership, the Patriots have won six Super Bowls and become one of the most successful teams in NFL history. Nicknamed “Mr Kraft” by Patriots fans, he is originally from Brookline, Massachusetts.

Plagued with debt after purchasing the team in 1994, Robert Kraft turned the Patriots into one of the most lucrative sports franchises in North America with his business acumen and an estimated net worth of $6.6 billion (as of May 2018). Kraft is the Patriots’ chief overseer, managing business strategy and game-day operations. “Ownership means the ability to inspire the organization to put its best foot forward,” he said during an interview with The Boston Globe’s Steve Bulpett in 2011. Visit this page for more information.

Humble Beginnings

On June 5, 1941, Robert Kraft was born in Brookline, Massachusetts, to a Jewish family. He grew up in the Columbia Point public housing project of Boston’s Dorchester neighborhood during the 1950s and ’60s. His father was a butcher, and his mother worked as a bookkeeper.

After graduating from Brookline High School, he attended Columbia University for one year before transferring to Babson College, where he graduated in 1962 with a bachelor’s degree in business administration. He then served as a field assistant for the Boys State program, an American Legion initiative that served as a civics training program for teenagers.

Kraft began his business career at Rand-Whitney Group, a Worcester-based corrugated packaging company owned by his father-in-law. After ascending to CEO in 1968, Robert Kraft longed for independence and started his venture. He sold his stock in the company, leased space in a mill building in Worcester, and recruited two former Babson professors, Lou rugby. On July 6, 1971, he founded International Forest Products (IFP), which manufactured cardboard boxes.

 

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