Business Tycoon Robert Kraft Success Story
Early Career Life
Robert Kraft graduated from Columbia University in 1963. He went further to pursue an MBA from Harvard Business School. Kraft was a member of Columbia’s lightweight football squad while attending the university.
Robert Kraft started his career at Hiatt’s Rand-Whitney Packaging. Later, he established International Forest Products, a physical paper commodity trader, in 1972. Currently, he works as the chairman of this business initiative.
Today, these two organizations are among the US’s most extensive privately-owned paper and packaging industries.
On November 15, 1986, Robert Kraft was instrumental in helping a minority business group purchase WNEV-TV, the CBS affiliate in Boston (now NBC affiliate WHDH-TV).
The Acquisition of Patriots
In 1985 Robert Kraft tested the waters of Patriots ownership for the first time. He obtained a piece of land next to Foxboro Stadium.
A few years later, he raised the stakes by acquiring Gillette Stadium from longtime Patriots owner Billy Sullivan at $25 million. In 1998, Sullivan sold the Patriots to Victor Kiam, but maybe we should have anticipated Kraft’s takeover.
The New England Patriots owner, Robert Kraft, turned down a $75 million buyout of the team’s lease at Foxboro Stadium. Instead, he offered $175 million for the club’s full acquisition.
There are times when a leap of faith fails to go as planned. As for Kraft, he was able to weather the storm of purchasing the Patriots. Since then, Kraft has continued to transform the team into a powerhouse.
Charitable Works
As the leader of a generous family, he utilizes the success of the Kraft Group to support Charitable causes. These include charities that support children and women’s issues and training and sports for young people.
A wide range of philanthropic endeavors has benefited from Robert contributions, totaling tens of millions of dollars. Among these are the fields of education, medical services, athletic events, and American and Israeli causes. Visit this page for related information.
Find more information about Kraft on https://www.independent.co.uk/topic/robert-kraft