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Born on 5 June 1941 in Brookline, Massachusetts, Robert K. Kraft is a well-known businessperson and founder of the Kraft Group. As such, Robert Kraft oversees a corporate empire that produces a wide range of paper and packaging products, entertainment products and events, and a major investment in sports. Kraft is also associated with a number of investments, including real estate and equity projects.
Robert Kraft received his education at Columbia University, graduating in 1963. Kraft continued on to Harvard, where he earned an MBA from the business school in 1965. His entry into the business world was with the Rand-Whitney Group, which he later acquired. By 1972, Robert Kraft had founded International Forest Products, which served as a trading entity in paper commodities. Kraft retains control of both entities today, which provides him with a prestigious place in the paper industry around the world. Kraft paper is considered to be of the highest quality and is often thought to be the standard for the industry in general.
Along with his presence in the paper industry, Robert Kraft is also well known in the sports world. A longtime fan of the New England Patriots, Kraft began to purchase options in Sullivan Stadium in 1985, which was at the time the home stadium for the team. Eventually, Robert Kraft bought the stadium after the owners declared bankruptcy and renamed the facility Foxboro Stadium in 1990. These actions laid the groundwork for the eventual acquisition of the Patriots themselves, which was accomplished in 1994. Robert Kraft’s acquisition of the Pats also helped to ensure that the team would remain based in New England.
Robert Kraft has continued to expand his presence in the sports world. In 1996, he founded the New England Revolution, a major league soccer team. Kraft also expressed interest in English football, or soccer, in recent years, although investment plans did not bear fruit. The Kraft Family Stadium opened in Jerusalem in 2000, and provides facilities for a wide range of sporting events. In recognition of his generous support to the athletics program at Columbia University, the playing field at the Lawrence A. Wren Stadium was named the Robert K. Kraft Field in 2007.
Robert Kraft is well known for his philanthropic works as well. Along with support to his alma maters, Kraft is a regular contributor to Boston College, the Boys and Girls Clubs of Boston, and the Dana Farber Cancer Institute. Married since 1964, Robert Kraft and his wife Myra are known to have donated millions of dollars to a number of charities and organizations that are actively engaged in health care issues, youth sports, and support services for children and women.
Frequently Asked Questions
Who is Robert Kraft and why is he well-known?
Robert Kraft is a prominent American businessman, best known as the owner of the New England Patriots, a National Football League (NFL) team. He has been instrumental in the Patriots' success, which includes multiple Super Bowl victories. Kraft is also the CEO and chairman of the Kraft Group, a diversified holding company with assets in paper and packaging, sports and entertainment, real estate development, and a private equity portfolio. His business acumen and contributions to the NFL have made him a notable figure in the sports industry.
What has been Robert Kraft's impact on the NFL?
Since purchasing the New England Patriots in 1994, Robert Kraft has transformed the team into one of the most successful franchises in NFL history. Under his ownership, the Patriots have won six Super Bowl titles and have consistently been contenders for the championship. Kraft has also been influential in NFL governance, playing a key role in labor negotiations and television contract discussions, which have helped to increase the league's profitability and popularity.
How did Robert Kraft build his fortune?
Robert Kraft built his fortune through a combination of savvy business ventures and strategic investments. He began his career with the Rand-Whitney Group, a packaging company, and later founded International Forest Products, a trader of paper commodities. These businesses formed the foundation of the Kraft Group, which expanded into sports, entertainment, and real estate. His acquisition of the New England Patriots further increased his wealth, as the franchise's value has grown substantially under his ownership.
What philanthropic efforts is Robert Kraft known for?
Robert Kraft is recognized for his philanthropic efforts, having donated hundreds of millions of dollars to various causes, including education, healthcare, and the fight against anti-Semitism. The Kraft family has made significant contributions to institutions such as Harvard University, where the Kraft Family Stadium is located, and the Kraft Center for Community Health, which aims to improve access to healthcare for underserved populations. His charitable work reflects a commitment to giving back to the community and supporting initiatives that foster social progress.
Has Robert Kraft received any awards or recognition for his work?
Yes, Robert Kraft has received numerous awards and recognition for his contributions to sports and the community. He has been inducted into the Pro Football Hall of Fame, reflecting his impact on the game and the success of the Patriots. Additionally, he has been honored with the Carnegie Hall Medal of Excellence for his philanthropic and business accomplishments. His leadership and charitable endeavors have earned him a respected place among business and sports leaders.