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By 1924, Kresge was worth approximately $375,000,000 ($3.83 billion in 2009 dollars [2]) and owned real estate of the approximate value of $100,000,000. [3] Personal life. He was married and divorced at least twice by 1928. [3] . Kresge and his family were members of Detroit's North Methodist Episcopal Church. [4] .
- Eastman Business College
- October 18, 1966 (aged 99), East Stroudsburg, Pennsylvania, U.S.
- Sebastian Spering Kresge, July 31, 1867, Allentown, Pennsylvania, U.S.
- Kmart
Mar 19, 2024 · By the time of Kresge’s death in 1966, the foundation had distributed $70,000,000 in grants with a remaining net worth of $175,000,000. This article was most recently revised and updated by Encyclopaedia Britannica .
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Jul 3, 1985 · Stanley Sebastian Kresge, who with his wife, Dorothy, channeled about $500 million to charitable, civic, religious, social, educational, medical and cultural beneficiaries, died Sunday of a heart ...
By 1925, when Kresge stepped down as president, there were 307 S.S. Kresge Company stores, and by 1928 that number had grown to 451. S.S. Kresge stock was one of the best investments of the so-called “Roaring 1920s,” with prices before the 1929 stock crash approaching $900 a share.
By 1924, Kresge was worth approximately $375 million and owned real estate of the approximate value of $100 million. [21] [better source needed] Growth early in the 20th century remained brisk, with 257 stores in 1924, rising to 597 stores by 1929. Kresge retired as president in 1925.
Sep 27, 2015 · 1915 – S.S. builds the Kresge Building in Detroit and a home on Boston Boulevard for his first wife and five children. 1924 – With an initial donation of $1.3 million, S.S. creates the Kresge ...
