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.
Stan Kroenke's net worth of $8.40B can buy ...
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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% 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. 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.
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.