Bloomberg Billionaires Index

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

# 203 Stan Kroenke $8.00B

Random fact: Building a 70,000-seat stadium in Los Angeles.

Overview

Kroenke is 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 English soccer's Arsenal Football Club. Other assets include commercial property in North America and Europe.

As of :
Last change No change
YTD change -$40.0M ( -0.5%)
Industry Real Estate
Biggest asset Arsenal FC
Citizenship United States
Age 72
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Stan Kroenke's net worth of $8.00B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Kroenke’s fortune includes his ownership of the Los Angeles Rams, an NFL franchise. It's valued based on a Bloomberg analysis and discussions with Peter J. Schwartz, a New York-based valuation consultant. Kroenke's assumed to own the whole franchise as no minority partners have been disclosed.

He also owns Arsenal Football Club, which is valued using the $2.3 billion value of Arsenal implied by his purchase of a 30 percent stake in August 2018.

Kroenke has 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.

He holds commercial real estate through the Kroenke Group, and THF Realty, both based in Missouri. Together, they own more than 200 properties, according to data compiled 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. Because the billionaire owns THF Realty with co-founder Michael Staenberg, he’s credited with half of THF’s property holdings.

Along with 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's assumed to own all these teams outright because no other partners have been disclosed. 

A $1.5 billion liability is included to reflect the cost of acquiring these assets.

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

Biography

Birthdate: 7/29/1947
Family: Married, 2 children
Education: University of Missouri, University of Missouri

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.