HenryR. Kravis is a multibillionaire American businessman and investor. He co-founded Kohlberg Kravis Roberts & Co along with his first cousin, George R. Roberts. He is also a philanthropist and has contributed millions to charity causes. He is currently married to Marie-Josee Drouin.
Henry Kravis was born in Tulsa, Oklahoma, the U.S. on January 6, 1944, to Raymond Kravis and Bessie. As per his nationality, Henry is an American by birth and he belongs to the White ethnic group.
Multi-billionaire businessman Henry was born under the star sign of Capricorn. His father was a successful oil engineer at Tulsa.
Henry Kravis completed his school level education from Eaglebrook School and Loomis Chaffe School. During his high school years, he was elected vice president of the student council.
Later, he joined Claremont McKenna College and completed his bachelor’s degree in economics in 1967. For his Master’s degree, he went to Columbia Business School and graduated in 1969 in Business Administration.
Henry Kravis has been married three times in his life. Currently, the billionaire businessman is married to Marie-Josee Drouin. The couple exchanged vows in 1995 in a private wedding ceremony in the presence of close ones.
His wife is a Canadian economist and former media personality of Canada. She is the board member of Memorial Sloan-Kettering Cancer Center, the Robin Hood Foundation, and also serves as a president of the Museum of Modern Art board of directors.
Furthermore, the couple is leading a happily married life. They do not have any children as of yet.
Previously, he was married to Helene Diane “Hedi” Shulman that ended in divorce after a few years of relationship.
The former couple shared three children; Harrison S. Kravis born in 1972, Robert R. Kravis born in 1973, and Kimberly Kravis Schulhof born in 1975. Their eldest son, Harrison died in 1991 in a car accident.
Henry Kravis’s second wife, Carolyne Roehm was a New York designer whom he married in 1985. The marriage lasted for nearly eight years and ended in divorce in 1993. They do not have any children together.
Henry Kravis’s net worth as of 2019 is $5.6 billion. He ranks in the 317th position among the list of the wealthiest people of the world. He has put up his property that consists of a golf course and a helipad for the price of $46 million.
Kravis also owns a Park Avenue Penthouse in New York but its market price has not been shared. He also has homes in New York, Southampton, Colorado, and Connecticut.
Henry Kravis worked at various jobs before joining Bear Stearns as an assistant to the corporate finance manager. Eventually, at the age of 30, they became partners at the Bear Stearns.
In between 1960 and 1970 they started investing in many companies. They started to buyouts companies such as Stern Metals, Incom, Cobblers Industries, Boren Clay, and Thompson Wire and many more. The company was doing a great profit.
In 1976, due to some disputes in Bear Stearns, Kravis and Roberts formed their own company named Kohlberg Kravis Roberts with an investment of $120,000. Also, in 1978, they were able to raise $30 million in institutional funds.
Again, in 1988, Kravis and Roberts buyout RJR Nabisco at a cost of $31.4 billion. They also invested in many other companies like Hospital Corporation of America, TXU, Playtex, Beatrice Foods, Safeway and many other companies.
Kravis and Roberts announced in July 2017, that they would be succeeded by Joseph Y. Bae and Scott C. Nuttall. Moreover, Joseph and Scott were named co-presidents and co-chief operating officers and they would gradually take over the company.