Stan Kroenke rose in the business world by investing in sports. With controlling interest in many sports clubs, Kroenke is one of America’s billionaire businessmen. Popularly called Silent Stan, he makes the noise where money takeovers are taking place.
Cheerings fans across soccer fields in America to football fields in Europe, Stan’s mark on the world of sport cannot be mistaken. His investments move beyond the grasses of soccer stadiums to basketball courts, hockey, and many sports.
The interesting details about this sports businessman will have you opening your mouth after discovering he owns your favorite club. Yet does these investments show in his net worth and what are the other unknown facts about him that everyone should know.
Who Is Stan Kroenke?
Enos Stan Kroenke is an American billionaire whose investments are mostly in the sports industry within and outside the US. He was born on July 29 1947 in Columbia Missouri. He grew up in a village, Mora made up of 23 people. His childhood was filled with members of his extended family with his parents inclusive.
He traces his descent to Germany and his upbringing to Lutheran influences. The family valued each dollar they worked for. Stan is currently 77 year-old and aging well.
His first and middle names were in honor of St Louis baseball legends Enos Slaughter and Stan Musial. While growing up, he took the job of sweeping the floors at his father’s lumber yard.
His family valued education and they supported him through school. He attended high school at Cole Camp, Missouri. Stan was an athletic student who played baseball, basketball and ran track.
He is an alumnus of the University of Missouri where he got his BA and MBA.
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His Marriage To Ann Walton Kroenke
Marriages are not always about the union of two people alone. As is the case with Stan and his wife, Ann Walton Kroenke. Their marriage is a merger of business empires.
They first met in Aspen, Colorado in 1974 when they went on a ski trip. They got married in the same year and have been together ever since then. By marriage, he is related to the Walmart empire. His wife, Ann is the daughter of James Bud Walton. She inherited stocks from her father who was the brother and partner of Sam Walton, the original founder of Walmart.
Stan and Ann’s marriage is like Siamese twins joined in many places that involve their finances. As will be seen later, Stan runs some of his businesses in his wife’s name.
Stan Kroenke Clubs
From small-town boy to a national business mogul, Stan’s investments in different sports clubs continue to expand his business empire. He blew his pathway into the business through real estate. Stan shifted invested into sports through his Kroenke Sports & Entertainment. Through KS&E, he acquired many clubs and these are;
- Arsenal Football Club Stan finalized his acquisition of the English Premier League Club, Arsenal FC in 2018. He offered £1.8bn for Alisher Usmanov’s shareholding to cement his %90 ownership. Within 2021, he was in the middle of a controversy to end the European Football System but the plan failed when Arsenal protested. They demanded that the Kroenke family sell that club which they refused. Some sources claim he may sell Arsenal for 2.15 billion pounds
- Los Angeles Rams He is the CEO and owner of the basketball club Los Angeles Rams. Stan became the owner in the year 2010 and over the years, he has built the club into what it is. He relocated the club from St. Louis to Los Angeles. The club was bought at $750 million.
- Los Angeles Gladiators is Stan’s first esport club. He founded it in 2017 in the Overwatch League. They played their first season in December of 2017.
- Colorado Mammoth And Colorado Rapids Stan bought the two clubs from the former owner, Phil Anschutz in 2004. Colorado Mammoth is a professional men’s box league in North America under National Lacrosse League. The Rapids compete in the Major Soccer League.
- Colorado Avalanche And Denver Nuggets He became the full owner of both Denver Nuggets and Colorado Avalanche in 2000. Colorado Avalanche plays under the National Hockey League.
- Los Angeles Guerillas The latest addition to his clubs in the Los Angeles Guerillas was founded in 2019. He founded the esports team through KS&E for the call of duty.
5 Other Fascinating Facts About Stan Kroenke
1. He Started Business In Real Estate
It was close to a decade after his marriage that Stan proved his business savvy. His first business investments were in the real estate market. He founded the Kroenke group in 1983. The company built many shopping centers and residential buildings.
He is known for building plazas near Walmart stores and this is likely due to his marriage to one of the Walmart heiress.
Stan expanded his real estate portfolio with the THF Realty that he chairs. THF was started in Missouri in 1991. The firm specializes in building suburban houses.
2. Stan Kroenke Is One Of The Largest Land Owners In America
Stan will always be associated with land and its development. He partnered with Charles Banks to acquire Screaming Eagle in Napa Valley. As of 2009, Stan is the sole owner of the winery.
He is a major landowner where he runs his ranch businesses. His Waggoner Ranch in Texas is America’s largest ranch with a fenceline. A suicide note mentioned Stan as the cause after buying the ranch. The man that committed the suicide blamed Stan.
With a land totaling 848,631 acres of land, Stan is one of the largest landowners in America.
3. He Transferred Ownership Of Some Clubs To His Wife
Stan became the owner of the Los Angeles Rams in 2010. But he could not gain approval of the transaction unless he shifted ownership due to NFL guidelines. As an astute businessman, he seized the opportunity and agreed to transfer it to his son.
In 2015, he transferred ownership of the Avalanche and Nuggets to his wife. The two clubs are run in her name. He had become the full owner of Denver Nuggets and Colorado Avalanche in 2000.
4. Stan Kroenke Children
His marriage is blessed with two children, Josh, and Whitney Ann Kroenke. Josh was born in 1980 and is active in running his father’s companies, especially Denver Nuggets.
His sister, Ann is into films and philanthropy. She alongside her brother are Walmart heirs. She is pursuing a career in producing films.
Stan has another child that not much is known about.
5. Recluse Or Silent Stan
Many people fondly call him ‘Silent Stan’. He is a reclusive businessman who makes the noise in money transactions. Stan runs his day-to-day business with a free hand and avoids media lights.
Interviews from him are rare because he hates to give them or even be the focus of media lights.
Does He Really Have A Net Worth Of $10 Billion?
His investments in real estate, sports, and land are paying off in the long run. His first businesses have been thriving for decades now and he is going strong in acquiring more.
One of his clubs Denver Rams is valued at over $4 billion among many other successful ventures.
According to Forbes, Stan Kroenke has a net worth of over $10 billion. He is one of the richest people in the world.
Complete profile of Stan Kroenke
| Stan Kroenke | |
|---|---|
| Full Name | Enos Stanley Kroenke |
| Date of Birth | 29 July 1947 |
| Age | 77 years old |
| Zodiac Sign | Leo |
| Birth place | Columbia, Missouri, United States |
| Nationality | American |
| Ethnicity | German descent |
| Education | University of Missouri (BA and MBA) |
| Profession | Businessman |
| Father | Alvin Kroenke |
| Mother | Evelyn Dimple Kroenke |
| Siblings | NA |
| Marital Status | Married |
| Spouse/Partner | Ann Walton Kroenke (m. 1974) |
| Girlfriend | NA |
| Kids | Josh Kroenke, Whitney Ann Kroenke, Katie Kroenke, Brett Kroenke |
| Estimated Net Worth: | $10 billion |
| Source of net worth | Business |
| Height | 5 feet 7inches (1.70m) |
| Weight | 80kg |
| Hair color | Grey |
| Eye color | Hazel |
| Social media | NA |
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