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  1. By 1924, Kresge was worth approximately $375,000,000 ($3.83 billion in 2009 dollars) and owned real estate of the approximate value of $100,000,000. Personal life. He was married and divorced at least twice by 1928. Kresge and his family were members of Detroit's North Methodist Episcopal Church.

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    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.

  3. Jul 3, 1985 · The foundation, set up by his father, Sebastian Spering Kresge in 1924, is one of the 10 largest in the country, with listed assets of $814 million as of last year. Starting with a single...

  4. 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. S.S. Kresge was an American merchant who established a chain of nearly 1,000 variety and discount stores throughout the United States.

  5. 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.

  6. He was president of Kresge Realty Company and owned department stores, including The Fair in Chicago, Illinois; Palais Royale in Washington, D.C.; Stern Brothers in New York City; and Kresge-Newark and Steinbach-Kresge stores in New Jersey. By the end of the 1920s, he was worth more than $200 million and owned stock valued at about $30 million.

  7. Dec 29, 2022 · Kresge partnered with his brother-in-law for seven years, opening Kresge & Wilson stores in seven cities. In 1912, he incorporated the company as the S.S. Kresge Company with 85 stores worth over $10 million.

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