Henry Kravis Net Worth

Net Worth:$8 Billion
Date of Birth: January 6, 1944 (79 years old)
Gender:Male
Profession:Entrepreneur, Businessperson, Investor, Financier
Nationality:United State Of America

What is Henry Kravis’s net worth? How does Henry Kravis make his money? Below is the current net worth of Henry Kravis and how Henry Kravis makes his money.

What is Henry Kravis’s Net Worth?

Henry Kravis is an American businessman, philanthropist, and investor who has a net worth of $8 billion. Henry Kravis became rich by co-founding Kohlberg Kravis Roberts & Co., a global private equity corporation that specializes in leveraged buyouts.

Early Life

Bessie and Raymond Kravis, who were Jewish, welcomed Henry Kravis into the world on January 6, 1944, in Tulsa, Oklahoma. His father was a well-known oil engineer in Tulsa who had formerly worked with Joseph Kennedy on projects.

Kravis attended the independent boarding and day school Eaglebrook School in Deerfield, Massachusetts when he was younger. After that, he went to the Loomis Chaffee School in Windsor, Connecticut, a school for preparing students for college.

Kravis was chosen as the student council vice president during his senior year there. He pursued a degree in economics at Claremont McKenna College, where he played varsity golf for the entire four years of his studies.

Kravis afterward enrolled in Columbia Business School, where he received his MBA in 1969.

Career

Kravis began working at Bear Stearns, an investment company based in New York City, after receiving his degree from Columbia.

Additionally joining at the same time was his relative George R. Roberts. Manager of corporate finance Jerome Kohlberg Jr. oversaw the two of them collectively. Kravis started a series of investments that they called “bootstrap” ventures while working at Bear Stearns in the late 1960s and early 1970s alongside Kohlberg and Roberts.

Stern Metals (1965), Incom (a division of Rockwood International, 1971), Cobblers Industries (1971), Boren Clay (1973), Thompson Wire, Eagle Motors, and Barrows were just a few of the companies Kohlberg and later Kravis and Roberts would acquire over the ensuing years thanks to their investment in Stern Metals.

Despite making numerous extremely profitable ventures, their $27 million wager on Cobblers resulted in their bankruptcy. To buy these numerous firms, which they believed were operating much below their sales and profit potential or where there were untapped financial assets that might be exploited, Kravis and his collaborators established a number of limited partnerships.

In 1976, Kravis, Kohlberg, and Roberts left the company to start their own investment firm, Kohlberg Kravis Roberts, due to growing difficulties with Bear Stearns boss Cy Lewis. The Griffith and Hillman families were among the company’s earliest backers. Jerome Kohlberg, Jr. left KKR in 1987, and Henry Kravis and George Roberts took over as the company’s leaders.

The company run by Kravis and Roberts was in charge of the 1988 leveraged buyout of RJR Nabisco. It was purchased for $31.4 billion, which at the time was the most ever paid for a business. In order to liquidate its remaining stake in RJR Nabisco, KKR did so in the early 1995s, incurring a total loss in the process.

The first actual estate-focused investment vehicle that KKR closed on December 24 generated $1.2 billion in additional capital for investments. The new fund contributed over $1.5 billion in resources with additional funding from within KKR.

Joseph Y. Bae and Scott C. Nuttall, appointed co-presidents and co-chief operating officers so they could progressively take over daily operations, were named to succeed Kravis and Roberts, it was revealed in July 2017.

Kravis and Roberts resigned from their roles as co-CEOs but remained as co-executive chairman when this succession plan was put into place in October 2021.

Personal Life

Harrison, Robert, and Kimberly Kravis were the names of his three children from his marriage to Hedi Shulman. Ultimately, the couple got divorced. Socialite and fashion designer Carolyne Roehm was the second wife that Kravis married.

Later, in 1993, the couple got a divorce. The businesswoman Marie-Josée Drouin from Canada was married to Kravis the next year.

Here on Networthforum, we calculate all net worths using data drawn from public sources. Most times, we incorporate tips and feedback received from the individuals or their representatives.

While we always strive to ensure that our figures are as accurate as possible, please note that they are only estimates, unless otherwise indicated.

This page is updated from time to time so that our readers will know the current net worth of Henry Kravis. So feel free to check back for the current Henry Kravis net worth in case of any update on his net worth.

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