Robert Kraft Net Worth: Exploring How the Patriots Owner Made His Vast Fortune

Robert Kraft has turned the New England Patriots into a billion-dollar franchise. But how much is the owner's net worth in 2024?

The New England Patriots stand as the richest AFC franchise at $7 billion.

The ownership and leadership of owner Robert Kraft helped get them there. But numerous fans have wondered how much Kraft’s net worth is and how he reached billionaire status.

Robert Kraft’s Net Worth Explored

According to Forbes, the New England owner and longtime American businessman has a net worth of $11.1 billion.

Kraft is the 177th wealthiest person in the world. Owning the Patriots, though, isn’t the only way he’s earned his massive fortune.

Before buying the Patriots for $172 million in January 1994, he dove straight into the business world after graduating from Columbia University. He began in the paper trade and manufacturing business through one of his first ventures — International Forest Products — which was launched in 1972.

That venture specialized in paper and packaging, which eventually got Kraft and the company to become involved in global trade.

Kraft would make future investments that increased his checking and savings accounts. The Kraft Group was formed in 1998. He then invested in the broadcast realm by becoming an investor in the New England Television Corp. Through this investment, he was able to help launch WNEV-TV, which later became the independent TV station WHDH in New England

That wouldn’t be his last broadcast investment. He dipped into the world of professional gaming in Boston as part of the Overwatch esports league in 2017.

Per Forbes, Kraft has seen a wealth increase every year since 2014. He ranks No. 62 on the Forbes 400.

Still, the NFL world knows him as the man at the forefront of the Patriots’ 2000s dynasty that witnessed six Super Bowl titles and a dominant run in the AFC East. All that, though, would more than likely not be possible if it weren’t for one bold move in Kraft’s past

How Kraft Positioned Himself To Buy the Patriots

Near the old Patriots’ home venue of Schaefer Stadium, a raceway sat adjacent to the football venue.

Billy Sullivan owned the stadium and New England, but the raceway was unpurchased. That’s when Kraft swooped in and claimed the land.

Kraft bought a 10-year option for the former Foxboro Raceway (now known as Bay State Raceway) in 1985. By purchasing the horse track, Sullivan was unable to hold non-Patriots events at Schaefer while races took place. For Kraft, this purchase meant taking advantage of the land surrounding Schaefer Stadium, which was not owned by Sullivan.

That bold move eventually positioned Kraft to one day make a bid for the team he watched for several years as a season ticket holder. Sullivan was eventually forced to sell the Patriots after a series of bad investments.

His most notorious financial failure was the botched 1984 Victory Tour by The Jackson 5, which he and his father helped fund and promote.

Kraft has since turned New England into an iconic sports brand armed with an NFL record-tying six championships alongside the Pittsburgh Steelers. But outside of the Pats, Kraft also oversees the New England Revolution in the soccer realm, which he purchased two years after buying the football team in 1996.

MORE: A Look at Kraft’s Massive House 

The 82-year-old is financially secure with a history of wise investments and bold moves, including establishing himself as the owner of a future NFL dynasty.

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