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$814 million
- 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.
www.nytimes.com › 1985/07/03 › us
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.
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...
S. S. Kresge, the founder of the company that would become Kmart, met variety-store pioneer Frank Winfield Woolworth while working as a traveling salesman and selling to all 19 of Woolworth's stores at the time.
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.
Jan 21, 2002 · A History of Kmart. By The New York Times. Jan. 21, 2002. Achronology of the Kmart Corporation. 1899. Sebastian S. Kresge founds the S.S. Kresge Company, opening the first store in...
In 1912 his company made a public offering of stock, achieving a market capitalization of $7 million and, after a 1916 reincorporation, $12 million. Kresge remained the company president until 1925, and he served as chairman of the board from 1913 to 1966, retiring shortly before his death.
Sep 27, 2015 · Total sales reach $6.79 billion. 1977 – The Kresge Company changes its name to Kmart Corporation, as Kmart stores now account for 94.5 percent of sales and expansion continues. 1990 – With...
