#291

Henry Kravis

$5.2 Billion
Age
:
71
Source
:
private equity, Self Made
Gender
:
Male
Residence
:
New York, NY
Marital Status
:
Married
Children
:
2
Citizenship
:
United States
Education
:
Bachelor of Arts / Science, Claremont McKenna College; Master of Business Administration, Columbia Business School
Self Made Score
:
8
Description :

Henry Kravis is the more visible, headline-grabbing of the duo that run famed private equity firm KKR. His first cousin and fellow billionaire, George Roberts, is the other half. The company manages $99 billion in assets and generated $691 million in profits in 2013, a 23% increase from 2012. In August 2014 KKR, Blackstone and TPG agreed to pay a combined $325 million to settle accusations that the three leading private equity firms colluded to drive down the price of companies they planned to acquire. The firms did not admit to wrongdoing. Kravis first learned business strategy alongside his father, who ran a small oil-appraisal outfit in Tulsa. In 1976 Kravis, Roberts and Bear Stearns mentor Jerome Kohlberg founded KKR. Kravis and his economist wife Marie-Jose are among the most preeminent American art collectors. A wing is named after him at the Metropolitan Museum of Art, and Marie-Jose is president of the Museum of Modern Art's board of trustees. They also pledged $100 million in 2010 for a new building at Columbia Business School and are pledging another $100 million to establish a new molecular oncology unit at Memorial Sloan Kettering Cancer Center in New York. A supporter of both Bush presidents, Kravis is also backing the Jeb Bush candidacy, reportedly hosting a $100,000 per ticket fundraiser for him at his Manhattan home in February 2015.

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