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American entrepreneur and sports team owner Stan Kroenke is the head of one of the largest private sports empires in the world. Kroenke is a shrewd businessman, shrewd investor, and regular attendee of some of the biggest sports games.
In this article, we’ll take a look at how Kroenke made his money, the franchises he’s funded and a handful of lesser-known facts about the billionaire. So without further ado, let’s get into it.
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How did Stan Cronk make his money?
Stan Cronk has an estimated net worth of $12.9 billion, according to Forbes magazine, making him one of the richest men in America. Kroenke made his money through several shrewd business moves, which we’ll touch on briefly.
In 1983, Kroenke founded the Kroenke Group, a real estate development company. The move came less than a decade after he married into the richest family (Waltons of Walmart fame) in the world and quickly accelerated his way to massive wealth. To be clear, several of the Kroenke Group’s shopping malls have featured Walmarts, a strategy that has only added to the family’s combined $224.5 billion worth empire.
His next venture was to found another real estate development company called THF Realty in 1991. The company owns several companies across half of the United States while maintaining ties to Walmart. Today it is worth more than $2 billion.
Moreover, Kroenke is also a serial investor in sports teams, as evidenced by his ownership of the NBA team, Denver Nuggets, NFL team Los Angeles Rams and EPL team Arsenal FC.
All of the above bands have found success over the past decade. The Rams won the Super Bowl last year, the Nuggets recently won the 2023 NBA Finals, and Arsenal have won several FA Cups over the past decade. All of these winnings helped increase the value of his sports teams, thus his net worth skyrocketed in the process.
Five facts about Stan Cronk that you should know
Here are five lesser-known facts about Stan Cronk that should be on the palm of your hand.
- Stan Kroenke is a major landowner with more than 1.5 million acres of farms across the United States and Canada.
- He owns about 60 million square feet of real estate and several shopping plazas near Wal-Mart stores.
- His sports empire includes the Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal FC.
- He is a real estate and sports mogul with an international portfolio.
- He owns the Los Angeles Rams and moved back to California from St. Louis in 2016.
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