Stanley Kroenke Keeps Getting Richer and Lives in a Very Small Town in Texas With His Wife
The fourth richest person in Texas
Mora is a small town in Missouri.
Mora is located 3 hours west of St. Louis. In this small town, one of the richest people in the country was born, his name is Stanley Kroenke. He used his connection, brilliance, and love for sports to become a billionaire and an owner of multiple sports franchises.
Forbes estimates his wealth around $10.7 billion, making him the 70th richest in the country and the 4th richest in Texas.
He is married, has two children, and lives in Electra, Texas.
Who is Stanley Kroenke?
Stanley Kroenke is an American billionaire and Kroenke Sports & Entertainment founder.
The Denver-based company owns the Los Angeles Rams football team (NFL), Arsenal soccer club (EPL), Colorado Rapids soccer team (MLS), and many commercial properties worldwide.
He started to work at his father’s business at 10.
Stanley Kroenke was born on July 29, 1947, in Mora, Missouri. His father, Alvin Kroenke, owned a lumber yard, and Stanley’s first job was sweeping floors and reviewing the business’s books at his father’s business at 10.
After high school, Stanley Kroenke graduated from the University of Missouri with a master’s degree in business administration in 1973.
In 1974, he married Ann Walton, heiress of Walmart co-founder Bud Walton.
Then, in 1975, Kroenke accepted a job with Missouri real estate developer Raul Walters, who built shopping centers centered around Walmarts stores because of Walters’ relationship with Sam Walton — Ann’s uncle.
He showed a lot of promise, so Raul Walters made him a partner in business four years later. The two partners developed a lot of shopping centers in Missouri. Then, in 1985, Stanley Kroenke started his own real estate company, continued to work with Wal-Mart, and joined its board of directors in 1995.
He loves business and sports, so he started buying sports franchises.
This outstanding success allowed him to venture into sports ownership. As a result, Stanley Kroenke bought the Los Angeles Rams in 1995. In addition, he added to his portfolio the following team:
- Colorado Avalanche: 2000.
- Denver Nuggets: 2000.
- Colorado Rapids Soccer Club: 2004.
- Arsenal Football Club: 2011.
- LA Gladiators, eSports in 2017.
In 2018, he became a majority shareholder of Arsenal, a London-based soccer club, Founded in 1886. In 2022, his Los Angeles Rams won the Super Bowl, and Kroenke wants to replicate his success with Los Angeles Rams in the Premier League.
He loves buying lands.
His business life is centered on land development — both residential and commercial.
According to Land Report, he is one of the biggest landowners in the United States behind Ted Turner. He owns 1.627 million acres.
He gives a lot of money to politicians.
Kroenke donated $1 million to Trump’s inaugural committee in 2015.
According to Open Secrets, “Kroenkes’ top beneficiary of political giving since 1992 has been the Republican National Committee with about $225,000 in total contributions.”
If you had Stanley Kroenke, what organization would you support?
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