Henry Kravis Net Worth: Fortunes From Kohlberg Kravis Roberts & Co.

Henry Kravis, an American businessman and investor with a net worth of $11.9 billion earned his fortune as the co-founder of the investment company Kohlberg Kravis Roberts & Co.

This multinational private equity firm specializes in leveraged buyouts.

He, alongside his business partners Jerome Kohlberg Jr. and George R. Roberts, co-founded the firm in 1976.

Henry Kravis Net Worth
Henry Kravis Net Worth

Throughout the years, he completed numerous transactions through the company, including the notorious leveraged buyout of RJR Nabisco in 1989.

Kravis’s predilection for leveraged buyouts has drawn significant criticism, as has his support of Donald Trump.

Henry Kravis Net Worth: Early Life and Education

Born on January 6, 1944, in Tulsa, Oklahoma, to Jewish parents Bessie and Raymond, Henry Kravis pursued his education diligently.

His father, a successful oil engineer in Tulsa who had previously partnered with Joseph Kennedy, instilled a strong work ethic in him.

As a youth, Kravis attended Eaglebrook School, an independent boarding and day school in Deerfield, Massachusetts.

He later enrolled in the college preparatory institute Loomis Chaffee School in Windsor, Connecticut.

In his senior year there, Kravis earned the position of student council vice president.

Pursuing higher education, he attended Claremont McKenna College as an economics major, where he played varsity golf for all four years.

Kravis furthered his education at Columbia Business School, earning his MBA in 1969.

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Henry Kravis Net Worth: Bear Stearns

Bear Stearns employed Henry Kravis upon his graduation from Columbia. His cousin, George R. Roberts, also joined the firm at the same time.

Together, they worked under the supervision of corporate finance manager Jerome Kohlberg Jr.

In the early 1970s, Kravis, Roberts, and Kohlberg executed notable investments and completed some of the earliest leveraged buyouts in private equity history.

They acquired companies such as Incom, Cobblers Industries, and Boren Clay.

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Kohlberg Kravis Roberts

Due to tensions with Bear Stearns executive Cy Lewis, Kravis, Kohlberg, and Roberts departed the firm in 1976 to establish their own investment company, Kohlberg Kravis Roberts.

Supported by early investors including the Griffith and Hillman families, the firm saw rapid growth.

Following Kohlberg’s resignation in 1987, Kravis and Roberts assumed leadership.

They spearheaded the infamous leveraged buyout of RJR Nabisco in 1989, which, at $31.4 billion, was the largest buyout in history at the time.

Despite a loss resulting from divesting holdings in the company by early 1995, KKR found success in subsequent ventures, including acquisitions of Playtex, Safeway, Borden, and Regal Entertainment Group.

Notably, KKR went public on the New York Stock Exchange in 2010.

In late 2013, KKR closed its first real estate investment fund, raising approximately $1.2 billion.

Over the years, the firm made numerous other investments.

In the summer of 2017, Kravis and Roberts announced their resignation as co-CEOs, to be succeeded by Scott C. Nuttall and Joseph Y. Bae.

This transition took place in October 2021.

By the end of that year, KKR had completed over 650 private equity investments, amassing around $675 billion in total enterprise value.

Henry Kravis Philanthropy

Henry Kravis extends his philanthropic efforts beyond KKR, engaging in various charitable activities.

He provides funding for the Kravis Leadership Institute at his alma mater, Claremont McKenna College, which awards the Kravis Prize to outstanding leaders of non-profit organizations.

Kravis has also contributed to the construction of facilities at his other alma maters, including Eaglebrook School, the Loomis Chaffee School, Middlesex School, and Deerfield Academy.

In addition to these endeavors, Kravis donated $15 million to Mount Sinai Medical Hospital for the establishment of a cardiovascular health center and serves as a trustee of the hospital.

He holds positions on the boards of the Metropolitan Museum of Art and the Partnership for New York City.

Furthermore, Kravis chairs the non-profit organization Sponsors for Educational Opportunity and co-chairs the Columbia Business School Board of Overseers.

Henry Kravis Net Worth: Politics

Identified as a Republican, Kravis actively participates in fundraising for presidential candidates such as George H. W. Bush, George W. Bush, and John McCain.

In 1997, he established the Republican Leadership Council alongside financier Lewis M. Eisenberg.

Later, in 2017, Kravis made a notable donation of $1 million to Donald Trump’s campaign.

Personal Life

Henry Kravis’s personal life has seen multiple chapters.

With his first wife, Hedi Shulman, he shares three children named Harrison, Robert, and Kimberly, though the couple eventually divorced.

In 1985, Kravis entered into a second marriage with socialite and fashion designer Carolyne Roehm, which ended in divorce in 1993.

The following year, Kravis married Canadian businesswoman Marie-Josée Drouin.

While primarily residing in New York City, Kravis also owns residences in Palm Beach, Florida; Sharon, Connecticut; and Paris, France, among other locations.

In popular media, Kravis was portrayed by actor Jonathan Pryce in the 1993 television film “Barbarians at the Gate,” which is based on the book detailing the 1989 buyout of RJR Nabisco.

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