Henry Kravis Net Worth

Henry R. Kravis has a net worth of $5 Billion

Henry R. Kravis Wiki Biography

Henry R. Kravis was born in Tulsa, Oklahoma USA on January 6, 1944, and is of Jewish ancestry. He is a financier, investor, and philanthropist, best known for founding the private equity firm Kohlberg Kravis Roberts & Co. As of 2015, Forbes listed Kravis as the 107th richest person in the USA and 278th in the world.

It has been estimated by authoritative sources that the net worth of Kravis is around $5 billion as of mid-2016, primarily from leveraged buyouts.

Henry Kravis Net Worth $5 Billion

He was raised in Tulsa by successful oil engineer Raymond Kravis and his wife Bessie. Kravis attended Eaglebrook School and Loomis Chaffee School. He majored in Economics at Claremont McKenna College and obtained his Master’s degree from Columbia University in 1969. He began his career in New York and later joined the investment bank Bear Stearns, where he developed the concept of leveraged buyout (LBO).

In 1976, Kravis and his partners left Bear Stearns and started the firm Kohlberg Kravis Roberts (KKR). He led the acquisition of companies with potential but performing poorly and achieved significant success through drastic reorganizations and subsequent profitable sales.

In 1987, Kravis led the acquisition of RJR Nabisco for nearly $25 billion, and his firm has made numerous other notable investments, achieving an impressive average annual rate of return since its creation in 1976.

On the personal front, Kravis has been married three times and is actively involved in philanthropy, including the launch of The Henry R. Kravis Prize in Non-profit Leadership and sponsoring of Leadership Studies programs at Claremont McKenna College. Kravis also supports the construction of schools and serves on the board of numerous public, medical, and educational institutions.

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