By the start of 2020, the world had less than 2500 billionaires. Among that group of the world’s richest is Stan Kroenke; an American sports mogul, businessman, and entrepreneur who is famously known for being the owner of Kroenke Sports & Entertainment. Through his company, Stan has acquired several top sports clubs including the Arsenal Football Club of England, Los Angeles Rams of the NFL, and Denver Nuggets of the NBA, just to mention a few.
Stan has made a fortune from his sporting businesses and not just that, he is also married to Ann Kroenke, the daughter of the Walmart co-owner James Walton. The pair have jointly made strides in their entrepreneurial pursuits. With successes on both his professional front and married life, the American businessman cuts a good story to tell.
Stan Kroenke’s Journey to Wealth
The business magnate was born as Enos Stanley Kroenke on the 29th day of July 1947 in Columbia, Missouri in the United States. He spent his early years in the Mora neighborhood of Missouri and was raised by his parents, Alvin Kroenke and his wife Evelyn. While he was growing up, his father founded Mora Lumber Company.
Developing an interest in becoming a businessman from a very young stage, Stan started taking care of his father’s company books at the age of ten. He completed his basic education at Cole Camp High School situated in Missouri after which he obtained his bachelor’s degree at the University of Missouri. He further acquired his master’s in business administration from the same University.
Stan’s path to becoming a wealthy man was first carved in 1983 when he founded his first company called Kroenke Group. With the company, he acquired and built several structures in the United States such as shopping malls and estates. After a while, he opened a suburban development Company called THF (To Have Fun) in 1991. Through the company, Stan also completed several real estate projects, and the company’s portfolio was valued at $2 billion as of 2016.
Sensing that sports could as well be the next big place to cash out, Stan founded the Kroenke Sports & Entertainment with which he used to buy stakes in the National Football League’s St Louis Rams in 1995. He further acquired the remaining part of the company in 2010. Stan has continued to wax stronger and he currently owns different clubs in different sports teams within America and beyond. He acquired the Denver Nuggets basketball team and hockey team Colorado Avalanche in the year 2000. Two years later, he became a co-owner of the Arena Football League team called Colorado Crush.
As of 2015, Stan Kroenke was rated the 9th largest landowner in the US. His business acumen extends beyond normal imagination. Think of anything business and he will make it happen. In addition to his sports businesses, Stan also owns a ticket company called TicketHorse which provides all the tickets for his teams. He has a sports network called Altitude Sports which broadcasts for all his teams as well. While he has continued making strides in sports, he is also making waves as the owner of other businesses such as Napa Valley winery Screaming Eagle, as well as Waggoner Ranch.
How Much Is His Net Worth?
Stan and his wife Ann are both silent billionaires by their rights. According to Forbes, Stan Kroenke has accumulated a fortune of $8.5 billion as of 2018. But by 2020, he has seen his fortune rise to a massive net worth of $10 billion.
His wife also had a mouth-watering fortune of $6.1 billion in 2018 but by 2020, her net worth had moved higher to $8.1 billion. While most of the wealth of Ann came from the inheritance of her father’s fortune in Walmart after he died, Kroenke made his wealth from real estate developments, retail, and residential developments; as well as his numerous businesses and investments.
He has some 30 million square feet of real estate to his name. On this land are mostly shopping plazas. Apart from the Los Angeles Rams and Arsenal FC that he owns, Stan Kroenke is also the owner of American professional soccer club Colorado Rapids, the box lacrosse team Colorado Mammoth, the esports team Los Angeles Gladiators, and the Los Angeles Guerrillas.
Despite his overwhelming fortune, he is not always seen in the media; this has earned him the name, Silent Stanley.
Things to Know About His Wife Ann Walton Kroenke
Stan Kroenke is married to his longtime sweetheart and love of his life Ann Walton Kroenke. Ann is popularly known as the heiress to the Walmart fortune; she is the niece of the Walmart founder Sam Walton. Just like Stan, Ann was also born and raised in Columbia, Missouri by her father James Walton.
She completed her education at Lincoln University and is equally a talented businesswoman. Stan transferred the ownership of the Denver Nuggets of the NBA as well as Colorado Avalanche of the National Hockey League to Ann in 2014. At the time, her net worth was said to be around $4.8 billion.
Here’s How The Power Couple Met
The couple met each other many years ago while on a trip to Aspen, Colorado. Stan was said to be close to Sam and Bud Walton. They started their relationship and in 1974, the duo tied the knot.
Together, the couple is blessed with two children, a son named Josh and a daughter named Whitney Ann Kroenke. Born in 1977, Whitney Ann Kroenke is the older of the two. She is a graduate of theatre from Northwestern University and now works as a film producer, dancer, and actress. She is a co-founder of the music project, the Playing for Change Movement.
Her brother Josh Kroenke is involved in the family business. The University of Missouri graduate is the president of the Denver Nuggets. He was born in 1980. The Los Angeles Rams owner also has two additional kids; Katie Kroenke and Brett Kroenke. Practically nothing is known about them.
While a lot of rich and famous people find it hard to keep their marriage together, Stan and Ann have managed to do just that for more than 4 decades. The secret to their marriage seems to be how they have kept their private life very private. More so, despite having their individual fortunes, they have still worked together as a team.