By: VOSG TEAM
Robert Kraft is a Massachusetts-born businessman with an estimated net worth of $7.5 billion .
Robert Kraft made his fortune as the Chairman and C.E.O. of The Kraft Group, which has assets ranging from real estate to paper.
He is best known for being the primary owner of the New England Patriots, the New England Revolution, and Gillette Stadium.
There is a common misconception that Robert Kraft earned his fortune from the conglomerate of grocery manufacturers Kraft Foods.
Robert Kraft has no connection with Kraft Foods, famous for its products such as Gray Poupon, A1, Gevalia, Planters, Kool-Aid, Cadburys, Oscar Mayer, and Maxwell House.
In 2010, Kraft and his wife Myra purchased their 7500 sq feet Cape Cod house to their son Jonathan for $3.8M. The house was constructed in 2006 and had seven bedrooms and six bathrooms.
Kraft is also an investor in New England Television Corp., which took control of WNAC-TV in 1982 .
He joined the station in 1983 and was an official board of directors member in 1983. The station was renamed WNEV-TV.
In 1986, he was appointed chief executive officer of the company. In 1991, he exercised his right to sell his stock in exchange for $25 million.
Kraft also purchased various Boston Radio stations in Boston. In the end, he founded the Kraft Group paper business in 1998. The company has over 90 countries worth more than $2 billion.