Henry Kravis Net WorthReal Name: Henry Kravis
Date of Birth: 01/06/1944
Place of Birth: Tulsa, Oklahoma
2017 Net Worth: $5.1 Billion
Profession: Co-Chair and Co-CEO of KKR and Company, a private equity firm
Henry Kravis Biography
Henry Kravis was born in Tulsa, Oklahoma, in January of 1944. His father was a successful oil engineer and Kravis learned his first bits of business strategy from his father’s successful oil-appraisal business. Kravis attended Claremont McKenna College and majored in economics. Afterwards, he attended Columbia Business School and received his MBA degree in 1969. After college, Kravis worked various jobs throughout the financial sector of New York City. Eventually, Kravis and his first cousin, George Roberts, joined the staff at Bear Sterns. Both became partners at a rather young age, 30 and 31, respectively.
In 1976, after a great deal of tension in the workplace, Kravis, Roberts, and a co-worker from Bear Stearns, Jerome Kohlberg, founded their own private equity firm, Kravis Kohlberg Roberts, or KKR. Early investors included the Hillman family, along with the Griffith family. Jerome Kohlberg resigned from KKR in 1987, but cousins Kravis and Roberts continued to head up this successful firm. In 1988, KKR conducted a leveraged buyout of Nabisco for $31.4 billion, which at the time, was the highest price ever paid for a commercial business. Other businesses that KKR has invested in over the years include Playtex, Regal Entertainment Group, Duracell, Toys “R” Us, Beatrice Foods, Safeway, and Borden. Kravis and KKR closed their first real estate investment fund in late 2013, which raised more than $1.2 billion of new money with which to invest.
Kravis has been married 3 times. His current wife is prominent Canadian economist Marie-Josee Drouin. The couple enjoys spending time at their numerous luxury estates in New York City, Paris, Sharon, Connecticut, Palm Beach, Florida, and Meeker, Colorado. Kravis has a current net worth of $5.1 billion, Kravis is an avid art collector, with a wing named after him at the Metropolitan Museum of Art and he is listed as one of the richest men in the United States.