In 1995, when the Los Angeles Rams relocated to St. Louis, businessman and sports mogul Stan Kroenke acquired a 30% stake in the team. Kroenke was part of the group that orchestrated the Rams’ move to St. Louis.
Following the passing of previous owner Georgia Frontiere in 2010, Kroenke bought out the remaining shares and has since been the sole owner of the Rams.
Under his stewardship, the team has achieved significant success on the field, including two Super Bowl appearances, with one Super Bowl victory in 2021. How much is Kroenke’s net worth, and how does he stack up against other owners in the league?
What Is Stan Kroenke’s Net Worth?
Kroenke has built himself a sports empire by not only owning the Los Angeles Rams but several other professional sports teams.
Kroenke also purchased the Denver Nuggets and the Colorado Avalanche from Ascent Entertainment Group in 2000, the Colorado Mammoth of the National Lacrosse League in 2004, and the Colorado Rapids of the MLS in 2010.
Aside from American sports, Kroenke also purchased the London-based soccer club Arsenal F.C. of the English Premier League in 2007 and became the majority owner in 2011.
Kroenke’s sports ventures have contributed significantly to his net worth, which is estimated at $16.2 billion. This substantial fortune makes him the 114th-richest person in the world.
However, his success is not limited to sports. Kroenke is also a prominent real estate mogul. He owns nearly 60 million square feet of real estate and controls approximately 1.6 million acres of ranchland in the United States and Canada.
How Did Kroenke Get Rich?
Kroenke’s journey began in 1983 when he founded Kroenke Group, a real estate development firm specializing in shopping centers and apartment buildings.
A month before launching Kroenke Group, he married into the Walton family, one of America’s wealthiest families. The Waltons also own the Denver Broncos, highlighting the family’s influence in the sports world.
In 1991, Kroenke founded THF Realty, another real estate development firm, which further cemented his success. His dive into professional sports began with the acquisition of the Denver Nuggets and Colorado Avalanche in 2000.
Comparing Kroenke’s Wealth to Other NFL Owners
Among NFL owners, Kroenke ranks as the fifth-richest with a net worth of $16.2 billion.
While this places him ahead of notable figures like Robert Kraft and Jerry Jones, he still trails behind Robert Walton, owner of the Broncos, whose net worth stands at an impressive $85.1 billion.
Despite not holding the top spot, Kroenke’s financial achievements and his significant influence in the sports industry are undeniable.
Kroenke’s wealth and influence are a testament to his successful ventures in both sports and real estate. His diverse investments and impressive net worth solidify his position as a key figure in the world of sports and beyond.