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Forbes: Kraft's wealth up in 2008

Discussion in 'PatsFans.com - Patriots Fan Forum' started by pats1, Mar 11, 2009.

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  1. pats1

    pats1 Moderator PatsFans.com Supporter

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    #468 Robert Kraft - The World's Billionaires 2009 - Forbes.com

    Kraft first made the list as #698 in 2006, with a net worth of $1.1B. He was #754 in 2007 but with a net worth of $1.3B. He again gained wealth in 2008, to $1.4B, but moved down to #843. He is now #468, with a net worth of $1.5B.

    This is especially significant because:

    http://www.forbes.com/2009/03/11/worlds-richest-people-billionaires-2009-billionaires_land.html

    Last edited: Mar 11, 2009
  2. YorkHarbor

    YorkHarbor Rookie

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    With all the credit BB gets we need to give equal credit to RK. He bought the team and made it his mission to build a great football team. Once he found BB he had the brains to stand back and let the football genius do his thing. Amidst the spygate nonsense he gave BB an extension to remind him he is loved by fans, players, and his employer. Thanks Mr. Kraft!

    Oh and I suppose having $1.5 billion wouldn't be bad either!
    Last edited: Mar 11, 2009
  3. Rob0729

    Rob0729 PatsFans.com Supporter PatsFans.com Supporter

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    Belichick was extended prior to the Spygate stuff. It wasn't announced until after Spygate though. Michael Smith knew about the extension since the summer, but sat on it until the Pats gave him the ok to run with it because he was given the exclusive.
  4. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Wow. Making money in 2008 would be like having a winning record with a backup quarterback. Seriously.

    It says his main money is in manufacturing too. I guess even in a recession people need to shave, right?
  5. BlitzFritz

    BlitzFritz Rookie

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    lets say he is worth $1B now, given the downdrafts.
    how much of that net worth is tied up in NEP, Gillette, Patriots Place etc? i am guessin NEP are worth $.6B and Gillette and all that land and shopping?

    my point -- the guy is HEAVILY weighted in Patriots in his portfolio. i think this could be good, because it means he really means business.

    -- FRITZ
  6. ScottieC

    ScottieC Rookie

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    I think most posters here are smart enough to know this, but please make sure that before you start screaming about Kraft and ticket prices. It's important to know that Kraft's liquid wealth is FAR below that quoted no.

    His assets equal that No. and if he wanted to sell all his holdings - Patriot's, Patriot Place, his company, ETC. that he could POTENTIALLY draw that amount of money from the sale of his assets.

    The dude is NOT rolling around with over $1 billion in the bank.
  7. ScottieC

    ScottieC Rookie

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    Gillette is just the sponsor - Robert owns another company - International Forest Products.

    He also steers the Rand-Whitney Group.
  8. ctpatsfan77

    ctpatsfan77 PatsFans.com Supporter PatsFans.com Supporter

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    He also doesn't own Kraft Foods. ;) :singing:
  9. ScottieC

    ScottieC Rookie

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    I know! Funny misconception that has spawned SO many arguments.
  10. fair catch fryar

    fair catch fryar Rookie

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    No Jersey Selected

    Good for Bob Kraft. He's a class act that an average guy like me doesn't mind see become richer, unlike some of the diabolical dirtbags that swindle their way there. I just hope he can maintain that level because this year could be a true test as the economy doesn't look to improve any time soon.
  11. groundgame

    groundgame Rookie

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    I hope they did not invest with B. Madoff.
  12. mcsully

    mcsully Rookie

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    He married money..
  13. godef

    godef Rookie

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    Gotta feel bad for those billionaires.

    Not. :p
  14. ScottieC

    ScottieC Rookie

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    Indeed, Myra's father has more schools and medical wings named after him that George Washington - Of course I am exaggerating a little bit.
  15. Jimke

    Jimke Rookie

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  16. Patjew

    Patjew PatsFans.com Supporter PatsFans.com Supporter

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    No Jersey Selected

    Who didn't?

    Well, besides me of course.
  17. mcsully

    mcsully Rookie

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    Besides Bill Gates and Dan Snyder.. A lot of people..
  18. Patjew

    Patjew PatsFans.com Supporter PatsFans.com Supporter

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    No Jersey Selected

    I'm going to teach my son to like rich chicks.
  19. RayClay

    RayClay On the Roster

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    #75 Jersey

    As has been noted, he's in the paper business.

    He's benefited from the tremendous increase in paper demanded by the treasury this year.:eek:
  20. alvinnf

    alvinnf Rookie

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    Everbody's got problems.......:rolleyes:
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