Patriots owner Bob Kraft was just charged with soliciting prostitution. Here's how he made his $4.3 billion fortune, from working at his father-in-law's packaging company to buying the NFL team for $172 million.


Robert Kraft, the billionaire owner of the New England Patriots, was charged with two counts of soliciting prostitution on Friday.

Kraft, who also owns two-and-a-half paper companies, a shopping mall, an office park, and a soccer team, is worth at least $US4.36 billion – although another estimate puts his net worth at $US6.6 billion.

Here’s a look at the wealth, career, and life of the Patriots owner.


Robert Kraft, the billionaire owner of the NFL’s New England Patriots, is worth an estimated $US4.36 billion, according to Bloomberg. Forbes, however, estimates a higher net worth of $US6.6 billion.

Source: Bloomberg, Forbes


The Patriots owner was charged with two counts of soliciting prostitution on February 22, 2019.

Rich Graessle/Icon Sportswire via Getty Images

Source: Business Insider


Kraft made his fortune in paper manufacturing.

Chris Graythen/Getty Images)

Source: Forbes via Business Insider


The son of a textile worker and synagogue leader, Kraft attended Columbia University and later enrolled in Harvard Business School.

Jean-Christian BOURCART/Gamma-Rapho via Getty ImagesHarvard Business School in Cambridge, Massachusetts.

Source: Bloomberg


It was during his time at Harvard that Kraft started going to Patriots games, though the team was called the Boston Patriots and in the American Football League at the time.

Jack Sheahan/The Boston Globe via Getty ImagesBoston Patriots quarterback Babe Parilli throws a pass during a game at Fenway Park in Boston on September 11, 1965.

Source: Bloomberg


In 1963, Kraft married Myra Hiatt, who he met in a deli in Boston.

John Tlumacki/The Boston Globe via Getty ImagesKraft holds a medal containing a wedding photo of him and his late wife, Myra.

Source: Bloomberg


After graduating from Harvard, Kraft got a job at the Rand-Whitney Group, a packaging company owned by his wife’s father. Three years later, he acquired a majority stake in the company. Kraft went on to expand his presence in the paper and packaging industries, starting International Paper Products in 1972.

Source: Bloomberg


Before buying the Patriots in 1994, Kraft was a season-ticket holder for 23 years. He bought the team’s Sullivan Stadium in Foxboro, Massachusetts, out of bankruptcy court in 1988.

Getty ImagesKraft at a Patriots game in 1998.

Source: Patriots.com via Business Insider


Six years later, he bought the Patriots for $US172 million, a record at the time.

Yunghi Kim/The Boston Globe via Getty Images

Source: Bloomberg


Kraft was reportedly offered a lucrative buyout to allow the Patriots to terminate their lease with their stadium and move out of New England, but he refused and opted to buy the team instead.

Darren McCollester/Getty Images

Source: Patriots.com via Business Insider


Under Kraft’s ownership, the Patriots have won six Super Bowls since 2001.

Source: Business Insider


The Patriots are one of the most valuable teams in the NFL, valued at an estimated $US3.5 billion.

Jim Rogash/Getty Images

Source: Bloomberg


In 2011, Myra, Kraft’s wife of nearly 50 nears, died of ovarian cancer.

Jimi Celeste/Patrick McMullan via Getty ImagesMyra Kraft and Robert Kraft in New York City in 2006.

Source: Business Insider, Bloomberg


The couple shared four sons: Jonathan, Daniel, Joshua, and David, three of whom are heavily involved in Kraft’s business.

Tom Pennington/Getty ImagesJonathan Kraft.

Source: The Kraft Group via Business Insider


In 2012, Kraft started dating the actress Ricki Noel Lander.

Source: Business Insider


The couple are frequently seen together at sporting events, including at Boston Celtics games and the US Open.


In 2017, Lander gave birth to a daughter, of whom Kraft has said he is not the biological father. He did, however, reportedly buy Lander a mansion in Los Angeles and is invested in the upbringing of the child.

Steven Ferdman/Getty Images

Source: Sporting News via Business Insider


Kraft donated to Barack Obama’s reelection campaign.

Win McNamee/Getty Images

He has also praised Donald Trump in public interviews and described the president as a “close friend.”

SAUL LOEB/AFP/Getty ImagesPresident Donald Trump holds a jersey given to him by Kraft at the White House in April 2017.

Source: Boston.com


In 2005, Kraft reportedly “accidentally” gave a Super Bowl ring to Russian President Vladimir Putin while on a business trip to Russia. Kraft said he showed his 2004 Super Bowl ring to Putin, who apparently tried it on and never gave it back.

Source: Business Insider


In addition to his ownership of the Patriots, Kraft owns the New England Revolution soccer team, one of the 10 original MLS clubs.

Jim Rogash/Getty Images

Source: Business Insider


He’s still very involved in the paper business as the owner of the paper companies Rand-Whitney and International Forest Products. Kraft also owns half of New-Indy.

Source: Bloomberg


Kraft lives in Brookline, Massachusetts, about six miles from Boston.

Getty Images

Source: Bloomberg, Google Maps


He’s active on the boards of the Dana-Farber Cancer Institute, Boston College, and the Massachusetts Competitive Partnership.

Getty Images

Source: Bloomberg

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