Enos Stanley Kroenke, known as Stan Kroenke, is an American businessman and entrepreneur. He is the owner of Kroenke Sports & Entertainment. It’s a company that owns several professional sports teams and venues.
Here at World Celebrity Net Worth, we will delve into the details of Stan Kroenke net worth, exploring the factors that contribute to his financial success. Let’s start!
What is Stan Kroenke’ Net Worth and Salary in 2023?
According to reports, Stan Kroenke net worth 2023 is estimated at around $13 billion.
His fortune has been amassed primarily through his successful ventures in real estate development, where he owns approximately 60 million square feet of property. Much of it being shopping plazas near Walmart stores.
Over the years, his wealth has grown steadily. His net worth in 2018 was $7 billion, increasing to $8 billion in 2019, $9 billion in 2020, $10 billion in 2021, and $11 billion in 2022.
As for his salary, Stan Kroenke earns an impressive monthly income of over $90 million.
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Stan Kroenke’s Overview
Early Life
Stan Kroenke’s real name is Enos Stanley Kroenke. He was born on July 29, 1947, in Mora, Missouri. He was the son of Evelyn and Alvin Kroenke.
Named after two Hall of Fame baseball players, Enos Slaughter and Stan Musial, young Stan grew up in a small, unincorporated community where his father owned the Mora Lumber Company.
At Cole Camp High School near Mora, Kroenke excelled both academically and athletically, playing for the basketball team as a lanky 6-foot-2 forward and developing an elegant shot from the wing.
His upbringing was heavily influenced by his Lutheran-German heritage, which shaped his reserved and non-flamboyant personality.
Kroenke attended the University of Missouri where he earned a BA in economics in 1969.
Career
His first foray into business came when he took a loan from his father to purchase a local clothing store. He later sold for a significant profit.
In 1974, Kroenke married Ann Walton, a Walmart heiress, and founded the Kroenke Group in 1983, a real estate development firm that built shopping centers and apartment buildings, often near Walmart stores.
He also established THF Realty, an independent real estate development company specializing in suburban development, in St. Louis, Missouri, in 1991.
Kroenke’s wealth grew exponentially when he and Ann inherited a stake in Walmart upon the death of her father, James “Bud” Walton, in 1995. As of September 2015, that stake was worth $4.8 billion.
Kroenke’s love for sports led him to invest in various professional sports teams, creating a vast empire under Kroenke Sports & Entertainment.
He owns the Los Angeles Rams, which he moved back to California from St. Louis in 2016, the Denver Nuggets, Colorado Avalanche, Colorado Rapids, and the UK’s Arsenal soccer club.
Additionally, he owns Ball Arena, Dick’s Sporting Goods Park, and the Altitude Sports and Entertainment channel.
Kroenke has also ventured into esports with the Los Angeles Gladiators in the Overwatch League, the Los Angeles Guerrillas in the Call of Duty League.
Despite some controversies, such as relocating the St. Louis Rams to Los Angeles and attempting to create a closed European Super League, Kroenke’s influence on the sports landscape remains undeniable.
Personal Life
In 1974, Kroenke married Ann Walton, an heiress to the Walmart fortune, who is worth $9.1 billion as of 2023.
The couple met on a ski trip to Aspen, Colorado. Kroenke is of German descent and was raised Lutheran.
Known as Silent Stan due to his reclusive nature and preference to avoid the spotlight. He rarely gives interviews to the press and seldom interferes in his teams’ day-to-day operations.
Why is Stan Kroenke Famous?
Stan Kroenke is a famous American businessman and philanthropist who has made his mark in the world of sports.
He is the majority owner of Arsenal Football Club as well as the Los Angeles Rams, Denver Nuggets, Colorado Avalanche and more.
He is also the chairman and founder of Kroenke Sports & Entertainment. This company owns several other sports franchises and media outlets.
FAQs about Stan Kroenke
How did Stan Kroenke acquire his wealth?
Stan Kroenke acquired wealth through various business ventures, primarily in real estate development.
What other sports teams does Stan Kroenke own?
In addition to the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, and Colorado Rapids. Stan Kroenke also owns the Arsenal Football Club, a professional soccer team in the English Premier League. He acquired a controlling stake in Arsenal 2011 and later became the majority owner.
Has Stan Kroenke faced any controversies?
Stan Kroenke has been involved in some controversies about his sports team ownership.
One notable controversy was the relocation of the St. Louis Rams to Los Angeles in 2016, which sparked backlash from fans and the city of St. Louis.
Kroenke’s handling of the situation and the perceived lack of loyalty to the St. Louis community garnered criticism.
Conclusion
Stan Kroenke is best known for his ownership of professional sports teams in the United States.
According to Forbes, with an estimated net worth of over $13 billion, he became one of the richest people in the world.
If you want to know about him, check out our website WCnetworth.com for more information. Thanks for reading!
