Stan Kroenke Net Worth & Biography
|Popular Name:||Stan Kroenke|
|Real Name:||Enos Stanley Kroenke|
|Birth Date:||July 29, 1947|
Columbia, Missouri, United States
Ann Walton Kroenke (m. 1974)
|Profession:||Businessman, Entrepreneur, Investor, Sports Executive, Media Tycoon|
|Net Worth:||$12 Billion|
Stan Kroenke is a business tycoon from the United States of America. As of this writing, he is known to be one of the most powerful and successful sports and real estate entrepreneurs in the world. To better define things, Stan is the owner of Kroenke Sports & Entertainment, and also Denver Nuggets of the National Basketball Association (NBA), St. Louis Rams of the National Football League (NFL), Colorado Mammoth of the National Lacrosse League (NLL), Colorado Rapids of Major League Soccer (MLS), and Colorado Avalanche of the National Hockey League (NHL). He is the largest shareholder of Arsenal FC of the English Premier League as well. A successful real estate investor, this man eventually branched out his business into ranches and shopping centers. In 2016, he bought a $725 million ranch of 520,000 acres in Texas, which eventually included him on the top ten landowners list in the United States, owning a total of over 848,000 acres of land in the Country. He also holds around 30 million square feet of real estate. Mr. Stan Kroenke’s net worth which amounts to several billions of dollars at the moment has been drawn from all these investments of his. He also earns from his company, Altitude, which operates as a regional sports network in Denver, and outdoor sports television channels in the United States and the United Kingdom. He also inherited a stake in the world-leading shopping franchise Walmart after the death of his father-in-law, James Lawrence ‘Bud’ Walton, who was the co-founder of Walmart. Here’s how he has successfully amassed his mammoth fortune from years of hard work, discipline, commitment, and steady investment even in the presence of fierce opposition.
Early Life: Childhood & Education
He was born Stanley Kroenke in Columbia, Boone County, Missouri, United States, on July 29, 1947, to Alvin H Kroenke and his wife Evelyn Dimple Kroenke. His father owned and managed a lumberyard in Mora, a small town in Missouri.
Stan grew up in Mora where he was born. As a child, he used to work at his father’s lumberyard, particularly sweeping floors. When he was 10, he started maintaining the records of his father’s company. He was interested in knowing about businesses from his childhood.
For his education, Stan attended Cole Camp High School in Missouri, where he took interest in sports like track, baseball, and basketball. From there, he attended the University of Missouri and earned his Bachelor of Arts, Bachelor of Science, and Masters of Business Administration degrees. He also attended law school for some time.
Professional Life: Entrepreneurial Career
At the age of 36, Stan Kroenke founded a real estate development company called Kroenke Group. To date, this company has built several apartments and marketplaces across the United States, including a number of shopping malls near Walmart stores.
In 1991, he founded the company THF Realty, which is specialized in the development of suburban areas.
In 1999, Stan established the Kroenke Sports & Entertainment (KSE) company in Denver. In total, this establishment owns five sports franchises, three stadiums, four radio channels, four television stations, one internet TV channel, nineteen magazines, a video game team, and numerous websites.
Stan is the owner of Kroenke Sports & Entertainment, and also Denver Nuggets of the National Basketball Association (NBA), St. Louis Rams of the National Football League (NFL), Colorado Mammoth of the National Lacrosse League (NLL), Colorado Rapids of Major League Soccer (MLS), and Colorado Avalanche of the National Hockey League (NHL).
In 2004, he launched the regional sports network, Altitude, which became the mouthpiece of his sports teams. His ticket company TicketHorse was renamed Altitude Tickets in 2014, and their website www.AltitudeTickets.com was launched.
In 2006, Stan collaborated with Charles Banks, a money manager, to purchase the Screaming Eagle, a winery in the Napa Valley. However, in 2009, Banks announced that he no longer holds any shares in the winery.
Stan built and owns the Pepsi Center in Denver, which is a home and multi-purpose arena to the Colorado Mammoth, the Colorado Avalanche, and the Denver Nuggets. When the teams do not use it, the building serves as a concert venue. He also has a penthouse at this center.
He is a co-owner of Dick’s Sporting Goods (DSG) Park in Commerce City. It’s a $71 million worth stadium built by his company, and it is specifically meant for soccer and serves as home to the Colorado Rapids while also serving as a concert venue. The stadium includes 24 youth soccer fields, 1 million square feet of retail and commercial space, and the $31 million worth civic center.
In January 2015, Stan established what became known as one of the largest multimedia groups in the world. It is the KSE Outdoor Group and it mainly deals in publishing, multichannel outdoor network, and digital products of KSE. KSE also acquired Sportsman Channel, a leading group of outdoor magazines and websites, and InterMedia Outdoors, and started managing them through the KSE Outdoor Group. KSE also co-owns World Fishing Network (WFN) and owns Outdoor Channel.
Besides the Texas ranch, Stan owns the Waggoner Ranch, which has been listed as one of the 20 largest ranches in the United States. He also owns ranches in British Columbia, Arizona, Montana, and Wyoming, where he organizes fishing and hunts. He also owns three vineyards and a resort for wine merchants in California.
In January 2018, Stan, who held majority stakes in Arsenal FC, increased his share to 67.09 percent with an additional investment of £616,000. He is the largest shareholder of the football club as it stands.
Personal Life: Wife, Children, Private Interests, Hobbies
Stan Kroenke has been married to Ann Walton since 1974. She is the daughter of Walmart co-founder, James Walton. He has two children with her—daughter Whitney Ann Kroenke, and son Josh Kroenke. He also has two other children —Brett Kroenke and Katie Kroenke.
According to his close friends, Stan is a compulsive reader who also loves to travel internationally. He enjoys reading biographies and historical novels. He also loves working out at his personal gym.
Mr. Kroenke is a supporter of the Republican Party and has sponsored it from time to time. In 2000, he gave the sum of $220,000 to the party. He has also donated to the University of Missouri.
Stan Kroenke Net Worth: Salary, Income Sources, Assets
The American businessman, Stan Kroenke, is valued at over $12 billion as of 2022. His wealth makes him one of the wealthiest people in Missouri. He makes his money from his ownership of Kroenke Sports & Entertainment, the umbrella company of numerous sports teams across the United States and the United Kingdom.
His wealth was boosted after the death of his father-in-law Bud Walton in 1995, when he inherited a stake in Walmart which was worth more than $5 billion as of December 2021. His additional ventures include the Napa Valley winery called Screaming Eagle, numerous working ranches, and many sports radio and television networks.