Henry Kravis is not a new name in the world of corporate finance and philanthropy.
Kravis belongs to the class of the wealthiest people alive, with the highest net worth.
What else do you know about the business mogul?
Henry Kravis during the 2016 David Rockefeller Award Luncheo held at the Museum of Modern Art in April 2016. Photo: John LamparskiSource: Getty Images
Kravis boasts of a startlingcareer in finance.
He has achieved more than one can imagine in corporate finance and private equity investing.
Aside from business, Kravis is a family guy and a fan ofpolitics.
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He is the son of the late Raymond Kravis and Bessie Kravis.
Henry was raised alongside an elder brother by the name George R. Kravis.
Unfortunately, Henry Kravis brother passed away in February 2018 after a long illness.
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His parents and sibling were business-oriented people and philanthropists.
For instance, his father was an established businessman who operated a successful oil and gas consulting firm.
His motherwas a philanthropistknown for theRaymond and Bessie Kravis Foundation.
Henry Kravis at the Forbes Media Centennial Celebration held at Pier 60 in New York City. Photo: Taylor Hill/FilmMagicSource: Getty Images
He was the founder of the KRAV-FM and KGTO-AM radio stations.
In 2019, KRAV-FM wasacquired byCox Media Group.
Henry Kravis age
As of 2021, he is 77 years old.
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He celebrated his 77th birthday on 6th January.
Educational background
Henry Kravis attended two reputable higher institutions.
In 1967, he graduated from Claremont McKenna College with a BAdegree in Economics.
John Mack (L), Henry R. (C) and Vernon Jordan (R) at the TISHMAN SPEYER Hosts JOHN MACK Vanishing Points Opening Reception at 520 Madison Avenue. Photo: Scott Rudd/Patrick McMullanSource: Getty Images
Two years later, he obtained his MBA from Columbia Business School in an unknown field of study.
Career
Henry ventured into the corporate world right after graduating in 1969.
He launched his career at Bear Stearns, working as a mere staff.
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His skills and urge to grow pushed him further to explore the corporate world.
With the experience earned from their previous employer, they managed to grow the firm within a short period.
In 1987, Jerome Kohlberg left the company.
Director Pedro Almodovar, Marie-Jose Kravis and Henry Kravis at the Pedro Almodovar Retrospective Opening Night at the Museum of Modern Art on November 29, 2016. Photo: Jason Carter RinaldiSource: Getty Images
So, who owns Kohlberg Kravis Roberts?
The company is now under the management of KKR Group Holdings Corp.
It is a parent company that is owned by two cousins; Henry R. and George R. Roberts.
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In 1987, KKR & Co. Inc. started to acquire big businesses in the industry.
Interestingly, they started with the takeover of RJR Nabisco.
The move was described as the most hostile in an era of greed onWall Street.
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The Henry KravisBarbarians at the Gatestory followed when Bryan Burrough and John Helyarwrote a bookabout the hostile takeover.
How much did KKR make on RJR Nabisco?
The company is said to have made a loss.
Henry Kravis and his wife, Marie-Josee Kravis, during the annual Allen & Company Sun Valley Conference in 2019. Photo: Drew AngererSource: Getty Images
Severalreports pointed outthat the firm suffered huge losses due to RJR Nabiscos huge debts and mismanagement.
KKR reportedly owed debts amounting to 30 billion back then.
However,several bookshave already been published about him and his two partners.
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Most of them are about their journey in the corporate world; failures and triumphs.
According toThe New York Timesmagazine, one of Henry Kravis; houses at Park Avenue has 28 rooms.
Despite all the riches, his lifestyle can be compared with that of an average working person.
Which is Henry Kravis political party?
He is a supporter of the Republican Party (GOP).
In 2016, however,he declinedthe treasury secretary position offered to him byDonald Trump.
Henry Kravis net worth
How much is Henry Kravis worth?
According toCelebrity Net Worth, he has an estimated net worth of $8 billion.
He is the co-founder and CEO of KKR.
So, how does KKR make money?
It is a private equity firm that invests in infrastructure, real estate, and energy companies.
Two of hismarriages faileddue to reasons well known to him and his ex-wives.
His first wife was Hedi Shulman (divorced in 1980).
Secondly, he married Carolyne Roehm in 1985.
Again, he parted ways with her in 1993.
Lastly, he married Marie-Josee in 1994.
The couple has been together for more than two and a half decades.
He was blessed with three children.
This comes after one of his sons succumbed to acar accidentin 1991.
The name of Henry Kravis son who passed on is Harrison S. Kravis.
Indeed, Henry Kravis is an accomplished investor, entrepreneur, and philanthropist with a remarkable career.
His substantial experience in the corporate world makes him a leader worth following for inspiration.
Top 20 richest people in UK 2021 and some interesting facts!
He is a renowned South African entrepreneur who deals in real estate.
He has accumulated substantial wealth worth admiring.
The realtor drives the most expensive luxury cars, such as Mercedes Benz and Audi.
She graduated from Chuka University with a BA degree in Journalism and Mass Communication (2023).
She joined Briefly in 2019.
In 2023, Rodah finished the AFP course on Digital Investigation Techniques.
Her email is rodahmugeni998@gmail.com
