Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#199 Stan Kroenke $7.83B

Random fact: Son is president of the Denver Nuggets.

Overview

Kroenke is the founder of Kroenke Sports & Entertainment, the owner of the Los Angeles Rams football team. The Denver-based company also owns the National Basketball Association's Nuggets franchise and most of English soccer's Arsenal Football Club. Other assets include commercial property in North America and Europe.

As of Oct. 17, 2017:
Last change -$4.75M (-0.1%)
YTD change +$756M (+10.7%)
Industry Real Estate
Biggest asset Los Angeles Rams
Citizenship United States
Age 70
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Stan Kroenke's net worth of $7.83B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
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Confidence rating:

Kroenke’s fortune includes his ownership of the Los Angeles Rams, an NFL franchise valued at $2 billion based on a valuation assessment from Peter J. Schwartz, a consultant with Anderson Economic Group.

He holds real estate through the Kroenke Group, and THF Realty, both based in Missouri. Together, they own 178 properties covering about 44 million square feet, according to data provided by Real Capital Analytics. Each property is individually valued using average occupancy rates, rent per square foot, and cap rates according to data from Real Capital Analytics, Marcus & Millichap, and Cushman & Wakefield. As the billionaire owns THF Realty with his co-founder Michael Staenberg, he’s credited with half of THF’s property holdings.

The billionaire owns ranches comprising about 2 million acres in the U.S. and Canada. They're valued using land value data compiled by USDA and Farm Canada Credit. Apart from the Rams, Kroenke has interests in five professional sports teams and one sports stadium through Denver-based Kroenke Sports & Entertainment. The values of the Denver Nuggets (basketball), Colorado Avalanche (hockey), Colorado Rapids (soccer) and Colorado Mammoth (lacrosse) teams are based on revenue, comparable franchise expansion fees and sales, venue leases, sponsorship and media contracts. He also owns a 67 percent stake in Arsenal Holdings, the publicly traded operator of the Arsenal Football Club.

He also owns California vineyards including Screaming Eagle and Jonata, which are valued at $100 million based on an industry average value per acre. 

Kroenke declined to comment on his net worth, according to spokesman Tomago Collins.

Biography

Birthdate: 7/29/1947
Family: Married, 2 children
Education: 1973, University of Missouri, MBA 1969, University of Missouri, Business, Bachelor's Degree

Stanley Kroenke is one of four children born to Alvin and Evelyn Kroenke, who owned a hardware store in Mora, Missouri. After finishing high school in Benton County, Kroenke enrolled in the University of Missouri, from which he graduated with a master's degree in business administration in 1973. That same year, he met nursing student and Wal-Mart heir Ann Walton during a vacation in Aspen, Colorado. They married in 1974.

A year later, Kroenke turned down a paid fellowship for a doctorate at the University of Missouri and took a job with retail developer Raul Walters, who'd built some of Wal-Mart's stores. He became Walters's partner in 1979, and the two developed more than 20 retail malls across the Midwest, many of them containing Wal-Mart stores. When Kroenke started his own real-estate development company in 1985, Wal-Mart remained one of his most important clients. He joined its board of directors in 1995, and stayed on until 2000.

He ventured into sports teams ownership in 1994, when he bought the Los Angeles Rams football team and moved them to St. Louis. He acquired pro hockey's Colorado Avalanche and the basketball's Denver Nuggets in 2000, the Colorado Mammoth lacrosse franchise in 2002, the Colorado Rapids soccer team in 2004 and a majority stake in the Arsenal soccer team in 2011.

He lives with his wife in Columbia, Missouri. They have two children.

Milestones
  • 1947 Stanley Kroenke is born.
  • 1974 Is married to Wal-Mart heir Ann Walton.
  • 1985 Creates namesake real estate developing business.
  • 1995 Joins Wal-Mart board and becomes executor to Bud Walton's estate.
  • 2000 Buys Denver Nuggets basketball team and Pepsi Center stadium.
  • 2010 Gains full ownership of St. Louis Rams football team.
  • 2011 Becomes majority shareholder of English soccer club, Arsenal.
  • 2015 Unveils plans for NFL stadium in Los Angeles.