What Is Stan Kroenke's net worth in 2022?
Los Angeles Rams owner Stan Kroenke has a huge net worth, and he has been ordered to pay $571 million. This is part of the Rams' move to St. Louis, per ESPN, which essentially means reimbursing the league.
The back-and-forth between St. Louis and the NFL has been going on for over four years over the relocation of the Rams.
Now, it appears that with Kroenke's latest payment, it will all be settled. Per ESPN, the league has already paid the $790 million as part of the settlement, with NFL teams stumping in $219 million. Kroenke will now fork out the remaining $571 million as part of the settlement with the city of St.Louis.
Today, NFL team owners are expected to approve a resolution that will have Rams owner Stan Kroenke pay the remaining $571M owed to St. Louis over the team's relocation to LA, per @ESPN.
Teams have already contributed $219M toward the $790M settlement reached with the city. https://t.co/cs28E5hBJX
Given how much money Kroenke is said to have, this latest amount that he will be parting ways with will surely not break the bank. It looks as if, after years of going through the documents in the NFL's quarterly meeting, Kroenke's payment will be approved and end the relocation battle.
Stan Kroenke net worth
At the time of writing, the 75-year-old LA Rams owner has a net worth of $12.8 billion.
Per Forbes.com, Kroenke is the owner of the Rams (we know that already), but he is also the owner of English Premier League giants Arsenal along with other US sports teams. They include the Denver Nuggets (NBA), Colorado Rapids (MLS), and the Colorado Avalanche (NHL).
@BleacherReport @boardroom Reminder that Stan Kroenke, who's net worth is $12,900,000,000, is the owner of the Nuggets.
Kroenke also owns Arsenal F.C., Arsenal W.F.C., Los Angeles Rams, Colorado Avalanche, Colorado Rapids, Colorado Mammoth, Los Angeles Gladiators, and Los Angeles Guerrillas.
That's an impressive list of sporting teams in his portfolio, isn't it?
Stan Kroenke's investments in house/real estate
The billionaire owner's money doesn't just come from the multiple sporting organizations he owns. It comes from real estate and investments as well.
According to Forbes, the septuagenarian owns 1.5 million acres of land in Canada and the US. Oh boy!
In a rare interview, @RamsNFL owner Stan Kroenke discusses his team’s second trip to the Super Bowl since moving back to L.A., and having his team play for a championship in the stadium he opened two years ago. @nflnetwork https://t.co/edtsOxoRNO
He also owns 60 million square feet of real estate, most of which contains big shopping centers near Walmarts.
Investments in other businesses
Stan Kroenke uses his business Kroenke Sports and Entertainment to acquire stakes in professional sporting teams.
As far as investments in other businesses are concerned, the billionaire has amassed most of his fortune through his own doing. He has done that through the acquisition of stakes in professional sporting teams and by buying land through his company THF Realty (he is credited with half of the holdings, per Bloomberg.com).
Ann Walton Kroenke net worth
Stan Kroenke's wife Ann is a billionaire in her own right. At the time of writing, her net worth is estimated to be a cool $9.1 billion. How did she get to that figure?
She is a heiress to the Walmart fortune and inherited Walmart stock from the father Bud Walton.
Denver Nuggets Owner Ann Walton Kroenke - Walmart Heir. Her husband owns these team: NHL’s Colorado Avalanche, MLS’ Colorado Rapids and NFL’s LA Rams. https://t.co/BzeKJ1xnUH
So to say the Kroenkes are wealthy is an understatement with both Stan and Ann raking in the money.
Sources used: Forbes and Bloomberg.