Stan Kroenke Net Worth: Enos Stanley Kroenke is a multibillionaire businessman from the United States. He owns Kroenke Sports & Entertainment.
Which owns Arsenal F.C. of the Premier League and Arsenal W.F.C. of the WSL, as well as the NFL’s Los Angeles Rams, NBA’s Denver Nuggets, NHL’s Colorado Avalanche.
Major League Soccer’s Colorado Rapids, National Lacrosse League’s Colorado Mammoth, Overwatch League’s Los Angeles Gladiators, and Call of Duty League’s Los Angeles Guerrillas.
|Net Worth:||$12 Billion|
|Date of Birth:||Jul 29, 1947 (74 years old)|
|Profession:||Entrepreneur, Businessperson, Real estate development|
|Nationality:||United States of America|
Early Life of Stan Kroenke
Stan Kroenke was born on July 29, 1947, in Columbia, Missouri. His father owned Mora Lumber Company, which he grew up in the tiny unincorporated village of Mora.
Kroenke got his first work at the timber yard sweeping the floor. Stan Kroenke was promoted to bookkeeping when he was ten years old. Kroenke attended Cole Camp High School, where he participated in basketball, baseball, and track & field.
Kroenke Sports & Entertainment Company
Stan Kroenke is most known for founding Kroenke Sports & Entertainment, a sports and entertainment holding company in Denver, Colorado, in 1999.
Five professional sports franchises and one association football team are owned by the corporation. Multiple stadiums, professional esports teams, television channels, magazines, websites, and radio stations are also under its ownership.
Arsenal F.C. and Arsenal W.F.C. of England; the NFL’s Los Angeles Rams; the NBA’s Denver Nuggets; the NHL’s Colorado Avalanche; the MLS’s Colorado Rapids; the National Lacrosse League’s Colorado Mammoth; the Overwatch League’s Los Angeles Gladiators;.
And the Call of Duty League’s Los Angeles Guerrillas are among the company’s sports holdings. Kroenke Sports & Entertainment owns Ball Arena in Denver and co-owns Dick’s Sporting Goods Park in Commerce City in terms of real estate.
Kroenke bought Denver’s iconic Paramount Theatre in 2002. Kroenke also owns Arsenal’s stadium, Emirates Stadium, in London, as part of his ownership of the football team.
In the meanwhile, Kroenke Sports & Entertainment controls Altitude Sports and Entertainment, a regional cable and satellite television station. The corporation owns Outdoor Channel and co-owns World Fishing Network through the channel.
What is Stan Kroenke’s Net Worth?
Stanley Kroenke net worth is $12 billion dollar. Stan’s net worth places him among Missouri’s wealthiest citizens.
Stan Kroenke is most known for owning Kroenke Sports & Entertainment, which owns a number of sports teams in the United States and the United Kingdom.
He owns the English Association football club Arsenal F.C., the NFL’s Los Angeles Rams, and the Major League Soccer’s Colorado Rapids, among other teams, through his firm.
Inglewood, California’s SoFi Stadium is owned by Stan. The Rams and Chargers both play at Sofi. It’s also a popular venue for live events.
In 2021, Kroenke sparked controversy when he was a part of a failed attempt to abolish the existing European football structure. In the early 1980s, he started his professional career in real estate, forming the Kroenke Group.
The company specialized in shopping malls and apartment complexes. He began creating Walmart shopping facilities after marrying Ann Walton Kroenke, one of the Walmart heirs.
He created THF Realty, a suburban development company, in the early 1990s. Kroenke Sports Enterprises was founded in the mid-1990s as he moved his focus to sports club ownership.
Controversy Surrounding Arsenal and the European Super League
Kroenke was appointed to Arsenal Holdings’ board of directors in 2008, and was given a beneficial interest in over 18,594 shares.
By 2011, he had expanded his investment to 62.89 percent and made an £11,750 per share offer for the rest of the club. Later, in 2018, he made an offer of roughly £600 million, boosting his shareholding to more than 90%.
Kroenke sparked a firestorm in April 2021 when he announced his intention to destroy European football’s traditional pyramid system by forming a closed European Super League, of which Arsenal would be a member.
Arsenal and the other five English clubs interested in the scheme, however, reneged after a huge response. Arsenal then objected, pleading with the Kroenke family to sell the club, which they rejected.
Kroenke also owns the Screaming Eagle winery in Napa Valley, which he bought in 2006. He also owns numerous working ranches, totaling almost 850,000 acres.
The Waggoner Ranch in Texas, the largest ranch in the country contained within one fence, was one of his major purchases. Kroenke was named the ninth-largest landowner in the United States by The Land Report magazine in 2015.
Stan Kroenke has been married to Ann Walton since 1974, when they married. Ann Walton, his wife, is the heiress of Walmart. Josh, Whitney Ann, Katie, and Brett Kroenke are the couple’s four children.
Kroenke met Ann Walton, a Walmart heiress, on a skiing trip to Aspen, Colorado. In 1974, they wed. He and Ann gained a stake in Walmart after her father, James “Bud” Walton, died in 1995, making them wealthier.
That share was valued at $4.8 billion in September 2015. The Nuggets and Avalanche clubs, on the other hand, are owned by his wife, Ann Walton Kroenke, in order to comply with NFL ownership laws prohibiting a team owner from owning teams in several locations.
Ann Walton is the daughter of James “Bud” Walton, one of Walmart’s co-founders.
Frequently Asked Questions
What Is the Full Name of Stan Kroenke?
Enos Stanley Kroenke is Stan Kroenke’s full name.
How much did Stan Kroenke pay for the Rams?
In 2010, two years after Frontiere’s death, Kroenke exercised his right to purchase the remaining 60 percent of the Rams in a deal worth $750 million.