Modules
Biography
Robert Kraft bought the New England Patriots for $172 million in 1994; the team is now worth some $9 billion and has won six Super Bowl rings.
Kraft, who sold newspapers outside the old Braves Stadium in Boston as a kid, made an early fortune in paper and packaging.
Today his sports portfolio also includes the New England Revolution MLS club.
He started a professional videogaming team in Boston, part of the Overwatch esports league, in 2017.
His first wife, Myra Hiatt Kraft, died of ovarian cancer in 2011. He married Dana Blumberg, an ophthalmologist, in October 2022 at a lavish wedding where Elton John performed.
Financial Assets
Financial assets information not available.
The Great Lie of Mega-Fortunes: The Case of Robert Kraft
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Robert Kraft, linked to Sports and 'Manufacturing, New England Patriots', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 98 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 6.2 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.