What is Stan Kroenke’s net worth?
See how much the billionaire National Football League’s Los Angeles Rams owner Kroenke is worth, how he made his money and acquired his sports empire.
Stan Kroenke is an American businessman who owns Kroenke Sports & Entertainment, the holding company of multiple sports teams.
His sports teams include EPL’s Arsenal F.C, NBA’s Denver Nuggets, NHL’s Colorado Avalanche, MLS’ Colorado Rapids, National Lacrosse League’s Colorado Mammoth, Overwatch League’s Los Angeles Gladiators, and Call of Duty League’s Los Angeles Guerrillas.
Stan Kroenke continues to expand his business portfolio in the sports market due to its potentials, especially in the e-sports industry.
He is one of very few NFL owners who boasts of ownership of at least one e-sports team.
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How did Stan Kroenke make his money?
A budding businessman, Stan Kroenke’s career in business began at the age of ten when he began keeping his father’s company books.
In 1974, Stan Kroenke got married to Ann Walton Kroenke, the daughter of Walmart co-founder Bud Walton.
After he married Ann, Kroenke established the Kroenke Group, a real estate development company that specializes in building shopping plazas and apartments.
He soon began building the majority of his shopping plazas within proximity to Walmart stores.
As business boomed, Stan Kroenke established THF Realty, another company.
THF Realty is an independent company that specializes in suburban development.
In 2006, along with Charles Banks, Stan launched a winery located in Napa Valley, named Screaming Eagle.
In 2009, Banks stated he no longer was personally involved in the running of the winery.
Kroenke also is a landowner, owning multiple ranches.
In 2015, The Land Report magazine rated him as the ninth largest landowner in America.
How did Stan Kroenke become the Los Angeles Rams Owner?
After a failed bid to purchase the New England Patriots, Kroenke set his eye on the St. Louis Rams.
He bought 30% of the franchise in April 1995. That helped co-owner Georgia Frontiere to move the franchise from Anaheim to St. Louis.
About 15 years later, Stan made use of his right of first refusal to buy the Los Angeles Rams’ remaining shares.
Kroenke spent $750 million to acquire the franchise.
In line with NFL regulations that prevent NFL owners from owning a team in other NFL markets, Kroenke, who owned majority stakes in the Denver Nuggets and Colorado Avalanche, transferred ownership to his son in 2010.
In October 2015, the Nuggets and Avalanche’s ownership stake were transferred to his wife, Ann Walton Kroenke.
In January 2015, Kroenke began a year-long process to relocate St. Louis Ram to Los Angeles, which was met with opposition from the St. Louis mayor and the city’s officials.
In January 2016, the relocation was approved.
What is Stan Kroenke’s Net Worth?
As of 2021, Stan Kroenke’s net worth is valued at $8.3 billion.
According to Forbes, Kroenke’s fortune makes him the 135th richest man on the planet and 59th richest American in the world, as of November 2020.
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Stan Kroenke’s Sports Empire
In 2000, Stan Kroenke expanded his sports team portfolio with the Denver Nuggets franchise of the NBA, Colorado Avalanche of the NHL, and the Pepsi Center arena in Denver, for $450 million.
The Nuggets, which he bought specifically for $202 million, is currently valued at $1.6 billion.
The Carolina Avalanche is valued at $475 million.
After paying a total of $750 million to acquire the Los Angeles Rams, Stan Kroenke became the franchise’s major owner in 2010.
The Los Angeles Rams, currently valued at $4 billion, is the 4th most valuable team in the NFL.
After spending $777 million in 2018 to buy out Alisher Usmanov shares in Arsenal F.C., Stan Kroenke became the club’s sole shareholder.
Arsenal F.C is currently valued at $2.268 billion, making it the 7th most valuable soccer club globally.
Kroenke also owns esports teams, Los Angeles Gladiators of the Overwatch League and Los Angeles Guerrillas of the Call of Duty League, which were developed in 2017 and 2019, respectively, by his company, Kroenke Sports and Entertainment.
Stan Kroenke Profile
| Net Worth: | $8.3 Billion |
|---|---|
| Full Name: | Enos Stanley Kroenke |
| Born: | July 29, 1947, Columbia, MO, U.S. |
| Age: | 77 years old |
| Nationality: | American |
| Wife: | Ann Walton Kroenke (m. 1974) |
| Children: | Josh Kroenke, Whitney Ann Kroenke, Katie Kroenke, Brett Kroenke |
| Education: | University of Missouri; Cole Camp High School |
| Source of Wealth: | Real estate, sports franchise |
| Last Updated: | 2021 |
Stan Kroenke’s net worth places him among the top-5 richest billionaire NFL franchise owners right now.
