When asked about Daniel Kraft’s net worth, he would say that it is around $400 million. Kraft is the President of The Kraft Group International, a Boston-based private company that invests in private equity, sports and forest products. Kraft was one of four children born to Robert Kraft, New England Patriots owner. He attended Tufts University. He is the father of three siblings, a spouse, and three children.
Robert Kraft, Kraft’s father, founded International Forest Products in 1971. He is credited for creating the modern paper industry. His father founded several other successful companies, including Kraft Foods, and later purchased the New England Patriots of the National Football League for $172 million. He is also an investor in several media companies. And he has earned a good share of the country’s fortune by starting a family business.
While Robert Kraft is well-known for his major contributions to the industry, his wife, Myra Hiatt, was a wealthy woman herself. At 68, she died from ovarian cancer. After his wife’s death, Kraft started dating actress Ricki Noel Lander, who is 39 years younger than him. The couple had a child in fall 2017 and are still together.
Dan Kraft’s net worth is impressive given his business interests. Kraft Group is involved in sports, entertainment, private equity investing, and forest products. International Forest Products is the largest privately-held forest products company in the globe. The company sells products to over 100 countries and is consistently ranked among the top ten exporters in North America. Its products also extend into new geographic regions. For all this, Kraft is one of the wealthiest men in the world.
Bloomberg Intelligence estimates Dan Kraft’s net worth to be between $1 million and $5 million. While his net worth is not public, his fortune is rising. His mill business is now valued at $500 per tonne, up from $485 last year. In 2012, he acquired two mills from International Paper. Both mills have a capacity of 275,000 tonnes. International Forest Products also credits 50% to the company. Kraft is also the owner of the New England Revolution soccer club.
Robert Kraft is a small-stature billionaire with a huge net worth. The billionaire owns the New England Patriots football team, Gillette Stadium, and Patriot Place mall. His other assets include the Boston Uprising soccer team, a New England Revolution baseball franchise, and half of the New-Indy paper company. Kraft also invests actively, owning shares in several companies. While the net worth of these companies will continue to grow, his personal wealth will remain steady at $8 billion by 2022.