|Net Worth:||$400 Million|
|Date of Birth:||February 7, 1935 (88 years old)|
|Nationality:||United States of America|
What is Herb Kohl’s Net Worth?
Herb Kohl is an American entrepreneur and politician who has a net worth of $400 million. Herb Kohl, the owner of the Milwaukee Bucks of the National Basketball Association, is the current head of the Senate Special Committee on Aging. He completed four different terms as Wisconsin’s senator.
He made his money through his own business, Kohl Investments, which he later sold to Goldman Sachs. Herbert H. Kohl was born on February 7, 1935, in Milwaukee, Wisconsin.
In addition to owning the NBA team Milwaukee Bucks, Kohl is a former senator from Wisconsin who supports the Democratic Party.
He began his career as a stock and real estate speculator after earning his BA from the University of Wisconsin in 1956 and his MBA from Harvard Business School in 1958. Kohl formed Kohl Investments shortly after.
He and his brother also received an inheritance from their family that included a network of 50 grocery stores, as well as a number of pharmacies, department stores, and liquor stores.
In the company, Kohl was in charge of the majority of the duties. He led Kohl’s as CEO from 1970 until the company was sold in 1979. He also assumed the position of Wisconsin Democratic Party Chair from 1975 to 1977 at the same time.
In 1994 and 2000, he won reelection to his position as senator, which he had held since 1988. Kohl purchased the Milwaukee Bucks from Jim Fitzgerald in 1985 for no other purpose than to ensure the team would remain in Milwaukee.
Michael Jordan, a former NBA legend, was a potential buyer for the franchise in 2003, but he finally decided to keep ownership. The Wisconsin Athletic Hall of Fame inducted Herb Kohl in 2007.
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