Stan Kroenke is a well-known business entrepreneur from America. He owns the Kroenke Sports & Entertainment and is the owner of several sports team like NBA’s Denver Nuggets, NHL’s Colorado Avalanche, Major League Soccer’s Colorado Rapids, NFL’s Los Angeles Rams, and National Lacrosse League’s Colorado Mammoth. Kroenke is the largest shareholder of Arsenal of English Premier League. He is also the owner of Overwatch League’s Los Angeles Gladiators. Here is a quick summary of Stan Kroenke’s net worth in 2018, career and earnings.
Enos Stanley Kroenke was born on July 29, 1947, in Columbia, Missouri, to his parents Alvin Kroenke and Evelyn P. Kroenke. He is nicknamed as “Silent Stan”.
He went to Cole Camp (Missouri) High School and used to run track, play basketball and baseball. He has got a double bachelor’s degree from the University of Missouri. Later, he earned his MBA also from the University of Missouri.
In 1974, Stan Kroenke got married to Ann Walton, who is the daughter of James Walton. The couple has two children named Whitney Ann and Josh Kroenke. He was named the sports properties of Colorado in his son’s name in order to avoid restrictions from the National Football League.
His wife is also a billionaire, who inherited her father’s fortune along with her sister. The estimated net worth of his wife is $6 billion as of December 2016. They met each other in Aspen, Colorado.
In 1983, Stan Kroenke became the founder of the real estate development firm ‘Kroenke Group’. His firm has constructed several apartment buildings and shopping centres. He mainly develops buildings beside Wal-Mart stores. He also serves as the chairman of the real estate development company called THF Realty. This was founded in 1991.
In 1999, he founded KSE (Kroenke Sports & Entertainment), which is an entertainment holding company located in Denver, Colorado. This led him to become a sports mogul. In 1995, he purchased a stake in St. Louis Rams of the National Football League.
He brought Denver Nuggets of National Basketball Association and Colorado Avalanche of National Hockey League in 2000. Later, Kroenke became a part owner of Colorado Crush of the Arena Football League along with Pat Bowlen. In 2004, he bought Colorado Rapids of Major League Soccer and Colorado Mammoth of National Lacrosse League.
Kroenke became the full owner of St. Louis Rams in August 2010. Following this, he transferred the stakes of Nuggets and Avalanche to his wife. He is also the owner of Denver’s Pepsi Center. Additionally, he co-owns Commerce City’s Dick’s Sporting Goods Park. In 2004, he created the regional sports network AT&T SportsNet Rocky Mountain.
He is also the largest shareholder of EPL’s Arsenal. In 2017, he created the team Los Angeles Gladiators for the newly launched Overwatch League.
Awards & Achievements
One of the biggest career achievements of Stan Kroenke is to be a successful business entrepreneur and become a sports mogul. He has successfully formed the Kroenke Sports & Entertainment.
Net Worth of Stan Kroenke
Stan Kroenke has an estimated net worth of more than $8 billion. This fortune comes by owning a number of a popular sports team in his career. His group Kroenke Sports & Entertainment is also into real estate and owns arenas. He is also the co-owner of Screaming Eagle, which is a winery in Napa Valley. He is one of the largest landowners in the country. In 2016, Kroenke acquired Texas’s Waggoner Ranch. Part of his wealth also comes from his real estate business.
Stan Kroenke is considered one of the most popular business entrepreneurs in the world. H has got major stakes in many sports teams and also owns them. His teams have won several championships and are also the owner of Altitude Sports and Entertainment. In 2016, Stan Kroenke moved Los Angeles Rams to Los Angeles from St. Louis.