Robert Kraft

Robert Kraft (born June 5, 1941) is a businessman and philanthropist and the owner of the American football franchise New England Patriots in the National Football League (NFL). He also owns Major League Soccer’s New England Revolution, two other professional sports teams, and one of the largest private art collections in the world.

Kraft was born in Brookline, Massachusetts and attended Concord-Carlisle High School in Concord, Massachusetts. In 1959 he enrolled at Columbia University, where he played halfback on the school’s football team until graduating in 1962 with a bachelor’s degree in American history. He went on to earn his master’s degree from Boston College Graduate School of Arts and Sciences in 1970.

Robert Kraft was initially a businessman dealing in paper products. He gained a fortune by developing the first paper cup, which allowed drinking without a disposable container (the modern-day styrofoam cup). The product is now used by half of all American consumers at least once every day. Kraft then expanded into other areas, including real estate. Using the proceeds from his business deals, Robert Kraft purchased the Patriots for $172 million in 1994. The team is now worth 1.8 billion dollars.

Kraft also owns four other professional sports teams under the umbrella of a parent company ‘The Kraft Group’ – Major League Soccer’s New England Revolution, the Major Indoor Soccer League’s New England Stingrays, the National Lacrosse League’s Boston Blazers as well as a significant share of Major League Lacrosse team Boston Cannons. These ventures involved other businessmen such as Robert E. Davis and Eric Margenau.

Robert Kraft also became heavily involved in philanthropy. Notably, he donated six million dollars to help build the Palm Beach County Holocaust Museum. Robert Kraft also provided funds regularly to the Dana Farber Cancer Institute, Columbia Grammar & Preparatory School, Combined Jewish Philanthropies of Greater Boston and several other organizations. He also sat on the board of directors for The Howard Hughes Medical Institute and Tufts University (he is an alumnus).Visit this page for related information.

 

More about Kraft on https://www.forbes.com/profile/robert-kraft/