George Roberts net worth
George Roberts Net Worth: George Roberts is an American financier with a net worth of $5 billion. George Roberts, Co-Chairman and Co-CEO of Kohlberg Kravis Roberts, had another strong year in 2013. Today, KKR is said to have $95 billion in assets under management and is expected to post a net profit of $691 million in 2013.
The company’s profits rose 23% compared to last year. Its shares rose more than 30%. Some of KKR’s major investments include domain name provider GoDaddy Group and Toys R Us. Before becoming a LBO legend, George Roberts attended UC Claremont McKenna College, Hastings School of Law and Culver Military Academy. After graduation, he joined Bear Stearns and became a partner in the firm a few years later. He was only 29 years old at the time. He founded KKR in 1976 with his cousin Henry Kravis and Bear Stearns mentor Jerome Kohlberg. The company was one of the pioneers in the use of leverage in large-scale acquisitions. KKR has gained international renown after its $25 billion acquisition of RJR Nabisco, a deal detailed in the best-selling book “The Barbarian at the Door.” Some of KKR’s other successful deals include the acquisition of Orkin Exterminating Company, Incom, Stern Metals, Boren Clay, Cobblers Industries, Eagle Motors, Barrows and Thompson Wire.
