Ann Walton Kroenke Net Worth
Net Worth: $12 Billion
Category: Richest Business › Richest Billionaires
Birthdate: December 18, 1948 (75 years old)
Gender: Female
Nationality: United States of America
What is Ann Walton Kroenke’s Net Worth? Ann Walton Kroenke is an American heiress, nurse, and philanthropist with a net worth of $12 billion. This is a combined net worth with her husband, multi-billionaire Stan Kroenke. However, Ann is a billionaire heiress in her own right and significantly funded Stan’s subsequent success. Together, they are the richest people in Missouri.
Early Life
Background: Ann Walton was born on December 18, 1948. She is the daughter of James “Bud” Walton. Bud and his older brother Sam Walton co-founded Walmart in 1962. Sam was the majority shareholder and handled marketing, while Bud focused on retail spaces and physically building new stores.
Walmart Legacy: Walmart Inc is one of the world’s most successful retail chains. As of now, the company has a market cap of roughly $400 billion, employs 2.2 million people worldwide, and generates annual revenue exceeding $500 billion.
Inheritance
Bud Walton’s Death: Bud Walton died on March 21, 1995, at the age of 73 from a stomach aneurysm while on a fishing trip in the Caribbean. At his death, Bud was worth $1 billion, making him the 83rd-richest person in the United States. When Sam Walton died three years earlier in 1992, he was worth $8.6 billion. If Sam and Bud were alive today, they would be worth a combined $250 billion, receiving billions in dividends annually.
Inheritance Details: Upon Bud’s death, Ann and her sister Nancy inherited his shares in Walmart.
Personal Life
Current Residence: Ann Walton Kroenke lives in Columbia, Missouri. She is a registered nurse and a mother of two. Ann married businessman Stanley Kroenke in 1974, whom she met on a ski trip in Aspen.
Stan Kroenke’s Career: Stan’s father owned a lumber company. In 1983, using some of his wife’s funds, Stan launched a real estate development firm called the Kroenke Group. This firm built apartment buildings, shopping centers, and more, particularly near Walmart stores. In 1991, he founded THF Realty, a development firm specializing in suburban construction. Today, THF manages over $2 billion in real estate, including 20 million square feet of commercial property.
Sports Teams Ownership
Kroenke Sports Entertainment: Through Kroenke Sports Entertainment, Stan and Ann own:
- Los Angeles Rams (NFL)
- Denver Nuggets (NBA)
- Arsenal (Premier League)
- Colorado Avalanche (NHL)
They also own an Arena Football team, a National Lacrosse team, and a Major League Soccer team. Additionally, they own the Ball Arena in Denver and co-own Dick’s Sporting Goods Park in Commerce City. Their teams’ broadcasts are handled by Altitude, a regional sports network, and their tickets are sold through TicketHorse, a company they own.
For more insights into the lives and wealth of the world’s richest individuals, keep exploring the stories of Ann Walton Kroenke and other billionaires.
