How rich is George R. Roberts?
George R. Roberts net worth:
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By 1976, tensions had built up between Bear Stearns as well as the threesome of Kohlberg, Kravis and Roberts leading to their departure as well as the creation of Kohlberg Kravis Roberts in that year. Early investors in KKR contained the Hillman Family By 1978, together with the revision of the ERISA regulations, the nascent KKR was successful in raising the primary institutional fund with investor obligations. He’s got an estimated net worth of around $5.5 billion as of 2007. Much of the wealth came through his place at Kohlberg Kravis Roberts. In 1989 Roberts and Kravis directed among the very most popular leveraged buyouts (LBOs) in the takeover of RJR Nabisco. Roberts’ participation in the RJR Nabisco deal was profiled conspicuously in the novel and film, Barbarians at the Gate. Roberts was featured on the cover of FORTUNE Magazine in the peak of the buy out boom of the 1980s alongside his cousin and partner, Henry Kravis.