Robert Kraft
Overview
Kraft’s businesses span paper, packaging and sports. He chairs and leads the Kraft Group.[1]
Contents8 sections
Key facts
Early Life and Education
Raised in Brookline, Massachusetts, Kraft graduated from Columbia in 1963 and earned an MBA at Harvard Business School.[1]
1968–1972Paper and Packaging
Kraft started a packaging operation in 1968 and founded International Forest Products in 1972, establishing the basis for his family’s group.[1]
1985–1994Acquiring the Patriots
Kraft secured an option on land around the stadium in 1985, bought the stadium in 1988 and acquired the Patriots for about $172 million on January 21, 1994, rejecting a $75 million offer to release the team from its lease.[2]
2000–2002Gillette Stadium
The Kraft Group built the privately financed Gillette Stadium between 2000 and 2002.[2]
2018Theranos Investment Disclosure
Kraft invested $1 million in TheranosTheranosTheranos was a blood-testing company founded in 2003 by Elizabeth Holmes and based in Palo Alto, California, which offered retail testing with Walgreens and was valued at up to $9 billion before regulatory sanctions and criminal charges over alleged fraud in its technology and financial claims led to its dissolution in 2018.Open the full entry.[3]
2022Marriage to Dana Blumberg
Kraft married Dana Blumberg in New York on October 14, 2022. His previous marriage to Myra lasted 48 years, ending with her death from ovarian cancer in 2011.[4]