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Apr 15, 2023 · James Lewis Kraft, born in 1874 in Ontario, Canada, founded the J. L. Kraft & Brothers Company in 1909. Growing up on a dairy farm, he gained valuable knowledge about cheese processing, which helped him develop processed cheese with a longer shelf life. Despite his humble beginnings and a career marked by challenges, Kraft’s impact on the ...
How did Robert Kraft, who now has a net worth of $6 billion dollars and is the eighth richest owner in the NFL, get to the point where he had the money and wherewithal to buy his favorite...
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Kraft created a multi-million dollar processed food supply company. He was instrumental in perfecting the method of preserving cheese, so that it could be stored for a longer period of time in any climate. Consumption of cheese in America per capita increased by 50% between 1918 and 1945, due in large part to Kraft’s efforts.
- Abigail Johnson. Chairman and CEO, Fidelity. Age: 60. Lives In: Milton. How She Made It: It’s the classic story of a multigenerational family business: Grandpa started the company, Dad grew it into a big success, and Abby spent years learning and working her way up through its ranks.
- Robert Kraft. Chairman and CEO, Kraft Group. Age: 81. Lives In: Brookline. How He Made It: First, he married well. Then, after expanding his in-laws’ packaging business, he parlayed that into ownership of a football stadium, which he used as leverage to eventually buy the team playing there.
- Jim Davis. Owner and chairman, New Balance. Age: 79. Lives In: Newton. How He Made It: Manufacturing shoes and athletic apparel. He was still in his twenties when he purchased the 66-year-old New Balance shoe company for $100,000 on the day of the Boston Marathon in 1972.
- John Henry. Founder and principal owner, Fenway Sports Group. Age: 73. Lives In: Brookline. How He Made It: Commodities trading, then hedge fund management, and now sports ownership has allowed Henry to amass what Forbes says is a $4 billion fortune.
Oct 23, 2018 · An Empire Built on Cheese (and a silent partner) By Marilyn Turk. In 1874, James Lewis Kraft (J.L.) was born in Ontario, Canada, the second of eleven children in a Mennonite family. When he was eighteen years old, he took a job at Ferguson’s Grocery in Fort Erie, Ontario. An opportunity arose for him to invest in a cheese company in Buffalo ...
- Marilyn Turk
$11.1B. Real Time Net Worth. as of 5/27/24. #187 in the world today. Photo by Gary Higgins/Boston Business Journal. About Robert Kraft. Robert Kraft bought the New England Patriots for $172...
Oct 29, 2014 · 02:07 PM ET 10/29/2014. James Kraft saw opportunity and challenged it. The founder of what became Kraft Foods ( KRFT) learned from working in the industry that cheese was a wild card in quality ...
