What is Stan Kroenke net worth?
|Net worth||$8.3 Billion|
|Source of wealth||Businessman|
|Date of Birth||July 29, 1947|
|Education||University of Missouri (BA and MBA)|
Stan Kroenke net worth 2021: Enos Stanley Kroenke is an American billionaire businessman. He is the owner of Kroenke Sports & Entertainment, which is the holding company of English Premier League football club Arsenal F.C., the Los Angeles Rams of the NFL, Denver Nuggets of the NBA, Colorado Avalanche of the NHL, Colorado Rapids of Major League Soccer, Colorado Mammoth of the National Lacrosse League, the Los Angeles Gladiators of the Overwatch League, and the newly formed Los Angeles Guerrillas of the Call of Duty League.
Keep reading to find more information about Stan Kroenke net worth and assets here.
Early life and education
Kroenke grew up in Mora, Missouri, an unincorporated community with a population of approximately two dozen, where his father owned Mora Lumber Company. His first job was sweeping the floor at his father’s lumber yard. By age 10 he was keeping the company’s books. At Cole Camp (Missouri) High School, he played baseball, basketball and ran track.
Kroenke married Ann Walton, a Walmart heiress, in 1974. He founded the Kroenke Group in 1983, a real estate development firm that has built shopping centers and apartment buildings. He has developed many of his plazas near Walmart stores.
He is also the chairman of THF Realty, an independent real estate development company that specializes in suburban development. He founded this corporation in St. Louis, Missouri, in 1991. In 2016, THF’s portfolio was valued at more than $2 billion, including more than 100 projects totaling 20 million square feet, primarily in retail shopping centers.
In 2006, Kroenke, in partnership with the money manager Charles Banks, acquired Screaming Eagle, a winery in Napa Valley. In April 2009, Banks stated he was no longer personally involved with Screaming Eagle.
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Kroenke is a major owner of working ranches, owning a total of 848,631 acres. The Land Report magazine ranked him as the United States’ ninth-largest landowner in 2015. Among notable purchases is his February 2016 acquisition of the famous Waggoner Ranch in Texas, the largest ranch within one fenceline.
In August 2017, he came under fire for launching a British outdoor sports television channel that will show regular hunting programmes that includes killing elephants, lions, and other vulnerable African species.
Kroenke Sports & Entertainment was founded in 1999. It owns Ball Arena in Denver, home of the Nuggets and Avalanche, and co-owns Dick’s Sporting Goods Park in Commerce City, home of the Rapids. Both venues were built by his development company. In 2004, Kroenke launched his own competitor to FSN Rocky Mountain now known as AT&T SportsNet Rocky Mountain, Altitude, a new regional sports network which became the official broadcaster for both of Kroenke’s teams on launch. Kroenke also established TicketHorse, a ticket company that provides in-house sales for all of his teams.
In 2000, Kroenke became full owner of both the National Basketball Association’s Denver Nuggets and the National Hockey League’s Colorado Avalanche, purchasing the teams from Charlie Lyons’s Ascent Entertainment Group.
Arsenal Football Club
Kroenke is the largest shareholder of Premier League association football club Arsenal. Arsenal already had a technical link-up with Kroenke’s Colorado Rapids when in April 2007 Granada Ventures, a subsidiary of ITV plc, had sold its 9.9% stake in Arsenal Holdings plc to Kroenke’s KSE UK inc. Kroenke went on to buy further shares in the club, taking his total stake up to 12.19%.
By June 2008, the board had prepared to let Kroenke take over the club, and on September 19, 2008, it was officially announced that Kroenke had joined the Arsenal board of directors.
Kroenke had a beneficial interest in, and controlled voting rights, over 18,594 shares, representing 29.9% of the issued shares. Thus, he was nearing the maximum 29.99% threshold, beyond which he would be forced to make an offer for all remaining shares.
On April 10, 2011, it was reported that Kroenke was in advanced talks to complete the takeover of Arsenal. The following day, it was announced that he increased his shareholding in Arsenal to 62.89% by purchasing the stakes of Danny Fiszman and Lady Nina Bracewell-Smith, and agreed to make an offer for the rest of the club at £11,750 per share, valuing the club at £731M.
In August 2018, he made an offer of around £600m in a deal that would value the Gunners at £1.8bn, to the second major share holder Alisher Usmanov to take complete control of the club.
Kroenke has garnered significant antipathy from Arsenal supporters who feel that he does not care or has any ambition for the club, and that he is just using the club for his own profit, stemming from his reluctance to invest money in the club.
Stan Kroenke Net Worth
Stan Kroenke net worth is $8.3 billion. He owns some 30 million square feet of real estate — much of it shopping plazas near Walmart stores. Kroenke owns the Los Angeles Rams, which he moved back to California from St. Louis in 2016. Stan Kroenke net worth is also sourced from hi sports empire which includes the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Britain’s Arsenal soccer club.
On a ski trip to Aspen, Colorado, Kroenke met his future wife, Ann Walton, a Walmart heiress. They married in 1974. Already wealthy from real estate, he became even wealthier when he and Ann inherited a stake in Walmart upon the 1995 death of her father, James “Bud” Walton. As of September 2015, that stake was worth $4.8 billion.
He is of German descent and was raised Lutheran.
Kroenke is a somewhat reclusive man who prefers to avoid the spotlight. He is popularly known as “Silent Stan” because he almost never gives interviews to the press. He rarely interferes in his teams’ day-to-day operations.
During the 2016 U.S. presidential campaign, he donated $100,000 to the Hillary Victory Fund. He subsequently donated $1 million to Donald Trump’s inaugural committee.
Dave Calhoun Net Worth
Dave Calhoun net worth: David L. Calhoun is an American businessman and president and CEO of The Boeing Company. He was appointed after the then CEO, Dennis Muilenburg, was fired amidst safety issues regarding the 737 MAX after two fatal crashes that claimed the lives of 346 passengers and crew on board. Read on to find more information about Dave Calhoun net worth in this article.
Calhoun was born on April 18, 1957 in Philadelphia, Pennsylvania. He grew up in Allentown, Pennsylvania, where he graduated from Parkland High School in 1975. In high school, Calhoun was one of three captains of the varsity basketball team and he played golf In 1979, he graduated from Virginia Tech with a degree in accounting.
After Calhoun graduated from college, he gained employment at General Electric (GE). He decided to work for GE at that time, due to its close proximity to where he lived in Lehigh Valley.
He worked at GE for 26 years, overseeing transportation, aircraft engines, reinsurance, lighting and other GE units, before ultimately being appointed as vice chairman of the company and a member of GE’s Board of Directors in 2005.
Calhoun left GE to join privately held global information services firm VNU as CEO in 2006. Under his leadership the company rebranded itself as Nielsen Holdings, returned to the public markets in 2011, and was added to the S&P 500 Index in 2013.
In 2014, Calhoun became executive chairman of Nielsen and also joined The Blackstone Group as a senior managing director and head of portfolio operations and a member of Blackstone’s management committee. Blackstone had been one of six private equity firms that backed Nielsen’s transformation. During his career, Calhoun was on the board of directors of Caterpillar, Gates Corporation, and Medtronic.
Since 2009, Calhoun has served as a director at Boeing, and was named lead independent director in 2018. In October 2019, he was named chairman of Boeing in the wake of the Boeing 737 MAX groundings, and on December 23, 2019, he stepped down as chairman in preparation for becoming Boeing’s CEO and president, effective January 13, 2020.
Dave Calhoun Net Worth
Dave Calhoun net worth is estimated at $ 30 million. In 2020, Calhoun earned $21.1 million in compensation. Calhoun owns over 5,000 units of Boeing Co stock worth over $4,499,450 and over the last 12 years he sold BA stock worth over $20,667,800.
Oliver Zipse Net Worth
What is Oliver Zipse net worth: Oliver Zipse is a German manager who has been serving as Chairman of the Board of Management (CEO) of BMW. He has been the CEO since 2019. Read on to find Oliver Zipse net worth here.
Early life and education
graduated from high school in Bensheim in 1983. He studied computer science and mathematics at the University of Utah in Salt Lake City from 1983 to 1985 without obtaining a degree. In 1985 he switched to mechanical engineering at the Technische Universität Darmstadt and graduated in 1991 with a degree in mechanical engineering.
In 1999 he also graduated from the Kellogg-WHU Executive MBA Program which is a joint MBA degree from Kellogg School of Management, the USA, and WHU – Otto Beisheim School of Management, Germany.
Zipse has spent his entire professional life at BMW AG. He joined the company in 1991 as a trainee in development, technical planning and production. From 1992 to 1994, he worked as a project engineer in technology development. From 1994 to 2006, he held various leadership positions in development, production and production planning in Munich and South Africa.
From 2007 to 2008 he was the plant manager at the Mini-plant Oxford. From 2009 to 2012, he was head of technical planning before becoming head of group planning and production strategy from 2012 to May 2015.
On May 13, 2015, he was appointed to the board of management of BMW AG, succeeding former chairman Harald Krüger; Zipse moved up to that position from a management role in product strategy and running the Mini assembly plant in England. His primary responsibility in that board role was for production.
One news report summarized his achievement as: “Under Zipse’s watch, BMW’s efficient production network, which he expanded in Hungary, China and the U.S., has helped the company deliver industry-leading profit margins despite its relatively small scale”.
On July 18, 2019, Zipse was appointed chairman of the Board (CEO), effective 16 August 2019. He was described by Norbert Reithofer, chairman of the supervisory board, as “a decisive strategic and analytical leader”.
Oliver Zipse Net Worth
According to mywage, Oliver takes a monthly salary of $290,000 and an annual salary of over $3 million as CEO. Zipse is an advocate of experimenting and pioneering new technologies within the BMW group
Charles Woodburn Net Worth
What is Charles Woodburn net worth?
Charles Woodburn is a British businessman who has been the CEO of BAE Systems since July 2017.
Woodburn earned a bachelor’s degree in electrical sciences from St John’s College at the University of Cambridge in 1992 and a PhD in engineering from Cambridge University, followed by an MBA from Erasmus University Rotterdam.
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Before working for BAE Systems, Woodburn was chief executive of Expro Group, which surveys and manages oil and gas wells around the world. He had also spent 15 years at Schlumberger, an oil services company, overseeing major projects in Thailand, Australia, and the US.
On joining BAE Systems he was to be paid a base salary of £750,000 a year and given more than £1.6m to buy him out of incentive schemes at Expro. It was reported in December 2016 that he was paid a total joining package worth £3 million.
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