What is Stan Kroenke net worth?

Net worth	$8.3 Billion
Source of wealth	Businessman
Date of Birth	July 29, 1947
Nationality	American
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.

Business career

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.

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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.

Professional sports

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.

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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.

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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.

Personal life

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.

Larry Ellison biography

Larry Ellison biography: Lawrence Joseph Ellison is an American business magnate, investor who is a co-founder, the executive chairman and chief technology officer (CTO) of Oracle Corporation.

He is also the owner of the 41st largest island in the United States, Lanai in the Hawaiian Islands with a population of just over 3000.

Early life and education

Larry Ellison was born in New York City, to an unwed Jewish mother. His biological father was an Italian-American United States Army Air Corps pilot.

After Ellison contracted pneumonia at the age of nine months, his mother gave him to her aunt and uncle for adoption. He did not meet his biological mother again until he was 48.

Ellison moved to Chicago’s South Shore, then a middle-class neighborhood. He remembers his adoptive mother as warm and loving, in contrast to his austere, unsupportive, and often distant adoptive father, who had chosen the name Ellison to honor his point of entry into the United States, Ellis Island. Louis Ellison was a government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression.

Although Ellison was raised in a Reform Jewish home by his adoptive parents, who attended synagogue regularly, he remained a religious skeptic. Ellison states: “While I think I am religious in one sense, the particular dogmas of Judaism are not dogmas I subscribe to. I don’t believe that they are real. They’re interesting stories.

They’re interesting mythology, and I certainly respect people who believe these are literally true, but I don’t. I see no evidence for this stuff.” At age thirteen, Ellison refused to have a bar mitzvah celebration. Ellison says that his fondness for Israel is not connected to religious sentiments, but rather due to the innovative spirit of Israelis in the technology sector.

Ellison attended South Shore High School in Chicago and later was admitted to University of Illinois at Urbana–Champaign and was enrolled as a premed student. At Illinois, he was named science student of the year but later withdrew without taking final exams after his sophomore year, because his adoptive mother had just died. After spending the summer of 1966 in California, he then attended the University of Chicago for one term, studying physics and mathematics.

He did not take any exams and at Chicago he first encountered computer design. In 1966, aged 22, he moved to Berkeley, California.

Personal life

Ellison has been married and divorced four times:

• Adda Quinn from 1967 to 1974.
• Nancy Wheeler Jenkins from 1977 to 1978. They married six months before Ellison founded Software Development Laboratories. In 1978, the couple divorced. Wheeler gave up any claim on her husband’s company for $500.
• Barbara Boothe from 1983 to 1986. Boothe was a former receptionist at Relational Software Inc. (RSI). They had two children, David and Megan, who are film producers at Skydance Media and Annapurna Pictures, respectively.
• Melanie Craft, a romance novelist, from 2003 to 2010. They married on December 18, 2003, at his Woodside estate. Ellison’s friend Steve Jobs, former CEO and co-founder of Apple Inc., was the official wedding photographer, and Representative Tom Lantos officiated. They divorced in 2010.

Homes

Ellison styled his estimated $110 million Woodside, California, estate after feudal Japanese architecture, complete with a man-made 2.3-acre (0.93 ha) lake and an extensive seismic retrofit. In 2004 and 2005 he purchased more than 12 properties in Malibu, California, worth more than $180 million.

The $65 million Ellison spent on five contiguous lots at Malibu’s Carbon Beach made this the most costly residential transaction in United States history until Ron Perelman sold his Palm Beach, Florida, compound for $70 million later that same year. 

His entertainment system cost $1 million, and includes a rock concert-sized video projector at one end of a drained swimming pool, using the gaping hole as a giant subwoofer.

In early 2010, Ellison purchased the Astor’s Beechwood Mansion – formerly the summer home of the Astor family – in Newport, Rhode Island, for $10.5 million.

In 2011 he purchased the 249-acre Porcupine Creek Estate and private golf course in Rancho Mirage, California, for $42.9 million. The property was formerly the home of Yellowstone Club founders Edra and Tim Blixseth, and was sold to Ellison by creditors following their divorce and bankruptcy.

On June 21, 2012, the governor of Hawaii, Neil Abercrombie, declared that Ellison had signed an agreement to buy most of the island of Lanai from the Castle & Cooke company, owned by David H. Murdock. Following the purchase Ellison owns 98% of Lanai, Hawaii’s sixth-largest island.

In December 2020, he left California and moved to Hawaii.

Philanthropy

In 1992 Ellison shattered his elbow in a high-speed bicycle crash. After receiving treatment at University of California, Davis, Ellison donated $5 million to seed the Lawrence J. Ellison Musculo-Skeletal Research Center. In 1998, the Lawrence J. Ellison Ambulatory Care Center opened on the Sacramento campus of the UC Davis Medical Center.

In 2007 Ellison pledged $500,000 to fortify a community centre in Sderot, Israel, after discovering that the building was not fortified against rocket attacks.

Other charitable donations by Ellison include a $10 million donation to the Friends of the Israel Defense Forces in 2014. In 2017 Ellison again donated to the Friends of the Israel Defense Forces, this time for $16.6 million. His donation was intended to support the construction of well-being facilities on a new campus for co-ed conscripts.

In August 2010 a report listed Ellison as one of the 40 billionaires who had signed “The Giving Pledge”.

In May 2016 Ellison donated $200 million to the University of Southern California for establishing a cancer research center: the Lawrence J. Ellison Institute for Transformative Medicine of USC.

Political involvement

Ellison was critical of NSA whistle-blower Edward Snowden, saying that “Snowden had yet to identify a single person who had been ‘wrongly injured’ by the NSA’s data collection”. He has donated to both Democratic and Republican politicians,and in late 2014 hosted Republican Senator Rand Paul at a fundraiser at his home.

Ellison was one of the top donors to Conservative Solutions PAC, a super PAC supporting Marco Rubio’s 2016 presidential bid. As of February 2016, Ellison had given $4 million overall to the PAC.

 In 2020, Ellison allowed Donald Trump to have a fundraiser at his Rancho Mirage estate, but Ellison was not present.

Recognition

In 1997, Ellison received the Golden Plate Award of the American Academy of Achievement.

In 2013, Ellison was inducted into the Bay Area Business Hall of Fame.

In 2019, the Lawrence J. Ellison Institute for Transformative Medicine of USC honored Ellison with the first Rebels With A Cause Award in recognition of his generous support through the years.

Early career and Oracle

While working at Ampex in the early 1970s, he became influenced by Edgar F. Codd’s research on relational database design, which led in 1977 to the formation of what became Oracle. Oracle became a successful database vendor to mid- and low-range systems, later competing with Sybase (created 1984) and Microsoft SQL Server which led to Ellison being listed by Forbes as one of the richest people in the world.

During the 1970s, after a brief stint at Amdahl Corporation, Ellison began working for Ampex Corporation. His projects included a database for the CIA, which he named “Oracle”. Ellison was inspired by a paper written by Edgar F. Codd on relational database systems called “A Relational Model of Data for Large Shared Data Banks”.

 In 1977, he founded Software Development Laboratories (SDL) with two partners and an investment of $2,000; $1,200 of the money was his.

In 1979, the company renamed itself Relational Software Inc., and in 1983, officially became Oracle Systems Corporation after its flagship product, the Oracle Database. Ellison had heard about the IBM System R database, also based on Codd’s theories, and wanted Oracle to achieve compatibility with it, but IBM made this impossible by refusing to share System R’s code.

The initial release of Oracle in 1979 was called Oracle 2; there was no Oracle 1. In 1990, Oracle laid off 10% of its workforce (about 400 people) because it was losing money.

This crisis, which almost resulted in the company’s bankruptcy, came about because of Oracle’s “up-front” marketing strategy, in which sales people urged potential customers to buy the largest possible amount of software all at once. The sales people then booked the value of future license sales in the current quarter, thereby increasing their bonuses.

In 2013, according to the Wall Street Journal, Ellison earned $94.6 million. On September 18, 2014, Ellison appointed Mark Hurd to CEO of Oracle from his former position as President; Safra Catz was also made CEO, moving from her former role as CFO. Ellison assumed the positions of chief technology officer and executive chairman.

In November 2016, Oracle bought NetSuite for $9.3 billion. Ellison owned 35% of NetSuite at the time of the purchase making him $3.5 billion personally.

In 2017, Forbes estimated that Ellison was the 4th richest person in tech.

In June 2018, Ellison’s net worth was about $54.5 billion, according to Forbes.

In December 2018, Ellison became a director on the board of Tesla, Inc., after purchasing 3 million shares earlier that year.

As of December 31, 2019, Ellison owns 36.2% of the shares of Oracle Corporation, and 1.7% of the shares of Tesla.

In April 2020, he launched a wellness company Hawaiian Island Lanai called Sensei.

As of June 20201, Ellison is said to be the seventh wealthiest person in the world, with a net worth of $66.8 billion.

Yachts

With the economic downturn of 2010, Ellison sold his share of Rising Sun, the 12th largest yacht in the world, making David Geffen the sole owner. The vessel is 453 feet (138 metres)n is long, and reportedly cost over $200 million to build. He downsized to Musashi, a 288-foot (88-metre) yacht built by Feadship.

Yacht racing

Ellison competes in yachting through Oracle Team USA. Following success racing Maxi yachts, Ellison founded BMW Oracle Racing to compete for the 2003 Louis Vuitton Cup.

In 2002, Ellison’s Oracle’s team introduced kite yachting into the America’s Cup environment. Kite sail flying lasting about 30 minutes was achieved during testing in New Zealand.

BMW Oracle Racing was the “Challenger of Record” on behalf of the Golden Gate Yacht Club of San Francisco for the 2007 America’s Cup in Valencia, Spain, until eliminated from the 2007 Louis Vuitton Cup challenger-selection series in the semi-finals. On February 14, 2010, Ellison’s yacht USA 17 won the second race (in the best of three “deed of gift” series) of the 33rd America’s Cup, after winning the first race two days earlier. Securing a historic victory, Ellison and his BMW Oracle team became the first challengers to win a “deed of gift” match. The Cup returned to American shores for the first time since 1995. Ellison served as a crew member in the second race.

 Previously, Ellison had filed several legal challenges, through the Golden Gate Yacht Club, against the way that Ernesto Bertarelli (also one of the world’s richest men) proposed to organize the 33rd America’s Cup following the 2007 victory of Bertarelli’s team Alinghi. The races were finally held in February 2010 in Valencia.

On September 25, 2013, Ellison’s Oracle Team USA defeated Emirates Team New Zealand to win the 34th America’s Cup in San Francisco Bay, California. Oracle Team USA had been penalized two points in the final for cheating by some team members during the America’s Cup World Series warm-up events. The Oracle team came from a 1–8 deficit to win 9–8, in what has been called “one of the greatest comebacks in sports history”.

Oracle Racing lost the 2017 America’s Cup to Team New Zealand.

In 2019, Ellison, in conjunction with Russell Coutts, started the SailGP international racing series. The series used F50 foiling catamarans, the fastest class of boat in history with regattas held across the globe. Ellison committed to five years of funding to support the series until it could become self sustaining. The first season was successful with global audiences of over 1.8 billion.

What is Huang Rulun net worth ?

Net worth	$3 billion
Source of wealth	Real estate developer
Date of Birth	born 1951
Nationality	Chinese
Known for	Century Golden Resources Group

Huang Rulun net worth: Huang Rulun is a Chinese billionaire businessman. He is head of the privately held real estate developer Century Golden Resources Group. He has a net worth of $3 billion.

Early life

Huang was born to a poor family in Lianjiang County, Fujian, China. Huang initially worked as a street vendor in China.

In 1986 Huang went to the Philippines, where he worked as a trader.

At age 40, Huang moved back to China and established the Century Golden Resources Group. His company had a joint venture with the local government of Fuzhou to build his first project, the Guotai Tower amidst a commercial property boom in Southern China in the early 1990s.

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Huang built more commercial properties in the next three years. During this period he also started to build residential projects before new restrictions on commercial development was imposed in 1994. Huang did not rely much on outside financing, preferring to use his own capital. He became the largest private developer in Fuzhou.

He returned to focus on Beijing as a developer in 1998. He initially supported the Shiji Jiayuan housing development, then invested Rmb17 billion in the Century City project. In 2004 he completed the Beijing Golden Resource Shopping Mall. The mall was next to Century City, a residential area. This model was repeated in Kumming, Changsha, Guiyang, and Hefei.

According to the Financial Times, he played a “central role in the revival of his country’s ties with the Philippines.” He funded drug treatment centers during the administration of President Rodrigo Duterte in 2016. Both treatment centers were hailed by Duterte as a sign of Chinese friendship, with Huang not offering details, and saying he was funding the centers to improve ties between the two nations. According Duterte, Huang did not ask for anything in return for the mega facility.

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In October 2016, Chinese state media said that Huang’s company had paid bribes to Bai Enpai, the party secretary of Yunnan Province. In June 2017, it was announced that he was being investigated by the state over corruption allegations. That week, he was removed from his role in Fujian province political consultative conference. He was also arrested.

He has donated money to Peking University and other schools.

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As of 2016, he had invested in around 20 five-star hotels and 10 malls.

Huang Rulun Net Worth

Huang Rulun net worth is $3 billion. His main source of wealthy is through his investments. Huang is married with two children, and lives in Beijing, China. Huang Chulong chairs Galaxy Group, a privately held business based in the southern Chinese city of Shenzhen.

Huang’s business interests span hotels, shopping malls, office leasing, parking-lot operation and real estate development.