Stan Kroenke Net Worth (Updated 2024)

What is Stan Kroenke’s Net Worth?

Stan Kroenke is a prominent American businessman and sports mogul known for his extensive portfolio of professional sports teams and real estate holdings. Stan Kroenke’s net worth is estimated to be approximately $14.8 billion. This substantial wealth places him among the wealthiest individuals in the United States and globally.

Kroenke’s fortune stems from various sources, with his real estate development company, Kroenke Group, being a significant contributor. The company has developed numerous shopping centers and apartment buildings across the United States. In addition, his ownership of Kroenke Sports & Entertainment has allowed him to amass a collection of valuable sports franchises, including:

1. Los Angeles Rams (NFL)
2. Arsenal Football Club (English Premier League)
3. Denver Nuggets (NBA)
4. Colorado Avalanche (NHL)
5. Colorado Rapids (MLS)

These sports teams have not only increased in value over time but also generate substantial revenue through ticket sales, merchandise, and broadcasting rights.

Kroenke’s net worth has seen significant growth over the years. For instance, in 2015, his estimated net worth was around $6.3 billion, which has more than doubled in less than a decade. This growth can be attributed to the increasing value of his sports franchises, successful real estate ventures, and strategic investments in various sectors.

Here’s the breakdown of Stan Kroenke’s net worth:

If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.

Early Life

Enos Stanley Kroenke was born on July 29, 1947, in Mora, Missouri, a small rural community with a population of just 23. He was named after two baseball legends of the St. Louis Cardinals, Enos Slaughter and Stan Musial, reflecting his family’s love for sports. Kroenke’s father, who had only an eighth-grade education, owned the Mora Lumber Company.

From a young age, Kroenke was instilled with a strong work ethic. By the time he was 10 years old, he was helping out at his father’s lumberyard, sweeping floors and learning to keep accounting books. As he grew older, his responsibilities increased, and by age 12, he was working 10-hour days, six days a week during summers. This early exposure to business and hard work laid the foundation for his future success.

Kroenke excelled both academically and athletically in high school. He played basketball for Cole Camp High School, even setting a school record by scoring 33 points in a single game. After high school, Kroenke attended the University of Missouri, where he earned a BA in economics in 1969 and later an MBA in 1973.

Beginnings in Real Estate

Kroenke’s journey in real estate began in 1975 when he took a job with Missouri retail developer Raul Walters, who had built some of Wal-Mart’s early stores. This opportunity came after Kroenke had turned down a paid fellowship to earn a Ph.D. at the University of Missouri, opting instead to enter the business world.

In 1979, Kroenke became Walters’ full partner, and together they developed more than 20 retail malls across the Midwest, many of which were anchored by Wal-Mart stores. This partnership lasted until 1985 when Kroenke decided to venture out on his own.

Kroenke founded the Kroenke Group in 1983, a real estate development firm specializing in building shopping centers and apartment buildings. Many of these developments were strategically placed near Walmart stores, leveraging his connections and understanding of the retail giant’s expansion plans.

In 1991, Kroenke further expanded his real estate empire by founding THF Realty, an independent real estate development company focusing on suburban development. By 2016, THF’s portfolio was valued at more than $2 billion, including over 100 projects totaling 20 million square feet, primarily in retail shopping centers.

Kroenke Sports & Entertainment

Stan Kroenke founded Kroenke Sports & Entertainment (KSE) in 1999, establishing it as a major player in the sports and entertainment industry. KSE owns and operates several high-profile sports franchises, including the Los Angeles Rams (NFL), Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Rapids (MLS), and Colorado Mammoth (NLL). Additionally, KSE holds a majority stake in Arsenal F.C. and Arsenal W.F.C. in the English Premier League and Women’s Super League, respectively.

KSE’s portfolio extends beyond sports teams to include significant real estate holdings and media ventures. The company owns Ball Arena in Denver, home to the Nuggets and Avalanche, and co-owns Dick’s Sporting Goods Park, home to the Rapids. KSE also launched Altitude Sports & Entertainment, a regional sports network that broadcasts games and other sports content.

Under Kroenke’s leadership, KSE has seen considerable success. The Rams won Super Bowl LVI, the Avalanche secured the Stanley Cup in 2022, and the Nuggets clinched their first NBA Championship in 2023. 

St. Louis and Los Angeles Rams

Stan Kroenke’s involvement with the Rams began in 1995 when he became a minority owner. In 2010, he acquired full ownership of the team. Initially based in St. Louis, the Rams experienced significant success, including a Super Bowl victory in 1999.

However, the relationship between Kroenke and St. Louis soured over time due to disputes over stadium upgrades and financial commitments.

In 2016, Kroenke controversially relocated the Rams to Los Angeles, citing better economic opportunities and the potential for a new state-of-the-art stadium. This move was met with significant backlash from St. Louis fans and led to a lawsuit against the NFL and Kroenke, resulting in a $790 million settlement, of which Kroenke paid $571 million.

Despite the controversy, the move proved financially beneficial, with the Rams’ value increasing substantially and the team winning Super Bowl LVI in 2022.

Arsenal and European Super League Controversy

Stan Kroenke became involved with Arsenal F.C. in 2007 and took full control of the club in 2018. His tenure has been marked by mixed results on the field and significant fan unrest off it.

The most notable controversy occurred in 2021 when Arsenal, along with other top European clubs, announced plans to join a breakaway European Super League. The proposal was met with widespread condemnation from fans, players, and governing bodies, leading to its swift collapse.

The backlash against Kroenke was intense, with Arsenal fans staging protests and demanding his departure from the club. Despite the uproar, Kroenke and his son Josh, who is also involved in the club’s management, stated they had no intention of selling Arsenal. They argued that the Super League was intended to secure the club’s financial future, though this explanation did little to appease the fans.

Other Endeavors

Beyond sports, Stan Kroenke has diversified his investments into various sectors. He owns several vineyards, including the prestigious Screaming Eagle Winery in California and Bonneau du Martray in France. Kroenke is also an avid conservationist, owning and managing extensive ranchlands across North America, where he implements sustainable and ecologically focused practices.

Kroenke’s business ventures also include significant real estate developments. He spearheaded the construction of SoFi Stadium in Inglewood, California, a multi-billion dollar project that serves as the home for both the Los Angeles Rams and Chargers. The stadium is part of a larger development that includes retail, residential, and office spaces, further showcasing Kroenke’s expertise in large-scale real estate projects.

Personal Life

Stan Kroenke met his future wife, Ann Walton, an heiress to the Walmart fortune, on a ski trip in Aspen, Colorado. The couple married in 1974 and have two children, Whitney and Josh. Josh Kroenke plays a significant role in the family’s sports enterprises, serving as the President and Governor of the Denver Nuggets and Colorado Avalanche.

Kroenke is known for his private nature, earning the nickname “Silent Stan” due to his reluctance to engage with the media. Despite his low profile, he has made substantial political contributions, donating to both Democratic and Republican causes.

His philanthropic efforts are also notable, with significant contributions to youth fitness, education, community service, and conservation initiatives.

Ashley Roberts

Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.

With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.