Jules Kroll Net Worth
Jules Kroll has an estimated net worth of $2 billion. Jules B. Kroll is the executive chair and co-founder of K2 Integrity. He also serves as chair of Kroll Bond Rating Agency, Inc., and as a member of the board of directors of BlueVoyant.
Jules Kroll is the founder of Kroll, Inc. and a forerunner in the current investigations, intelligence, and corporate security industries. In 1972, he founded Kroll Associates Inc., the prototype for a new breed of risk-mitigation professional services organizations.
Jules built investigations and risk consulting as important business services by engaging former prosecutors, law enforcement officials, journalists, and academics who employed advanced fact-finding methodologies to fulfill decision-makers need for accurate information.
Jules sold Kroll Associates to Marsh & McLennan Companies in 2004, with the company eventually surpassing $1 billion in annual sales.
He presently serves as the John Jay College of Criminal Justice Foundation’s chair. Jules is a former member of the Georgetown University Board of Regents and the Cornell University Board of Trustees, as well as the chair of the Georgetown Law Center Board of Visitors.
To calculate the net worth of Jules Kroll, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.
All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$2 Billion|
|Monthly Salary:||$1 Million|
|Annual Income:||$100 Million|
|Source of Wealth:||Entrepreneur|
On May 18, 1941, Jules Kroll was born to Florence Yondorf and Herman Kroll in a Jewish family in Bayside, Queens. Because his father owned a printing business, the company was a frequent target of bribes and kickbacks from purchasing agents.
Kroll attended both Cornell University and Georgetown Law Centre, where he was active in the Quill and Dagger Society.
Prior to his current position as an assistant district attorney in Manhattan, he worked in Queens for Robert F. Kennedy’s presidential campaign in 1968.
After taking time off from work to care for his ailing father, Kroll spent the next three years learning about corporate machinations while running the family business. With that knowledge, he founded J. Kroll Associates in 1972, which evolved into what is now Kroll, Inc.
Kroll’s business model was based on uncovering and eliminating wasteful printing practices at various companies in exchange for a share of the resulting cost savings. Because the agreement with Marvel Comics is mutually beneficial, Marvel has begun paying an advance.
Kroll expanded its operations to Paris, Moscow, Sao Paulo, Tokyo, Singapore, and Manila in response to the increasing number of audits and compliance tasks required by the Foreign Corrupt Practices Act of 1977. The company expanded its offerings to include foreign political risk and executive security services.
Wep Kroll expanded into banking and warehousing, becoming known for tracking and recovering assets stolen in the wake of international financial crime. Skadden, Arps, and Drexel Burnham Lambert, both large legal and financial firms, were among the firm’s clients (which hired Kroll in 1982 to perform due diligence on individuals and companies it insured).
Initially, she helped Nokia and Motorola find $2.7 billion invested by Turkey’s Cem Uzan. And it was tasked with recovering money stolen by dictators such as Ferdinand Marcos in the Philippines and Jean-Claude Duvalier in Haiti.
In 1991, the Kuwaiti government hired the company to investigate Saddam Hussein‘s global business holdings.
K2 Intelligence and Kroll Bond Rating Agency
After Kroll’s attempt to buy back his company from MMC failed in June 2008, he resigned from the company. With his son Jeremy Kroll, he founded Kroll Bond Rating Agency and K2 Global Consulting in 2010.
K2 Global was renamed K2 Intelligence in 2012. The formation of Kroll Bond Rating Agency required $24 million in funding from Bessemer Venture Partners, RRE Ventures, New Markets Venture Partners, and James Robinson III.
K2 Intelligence operates from multiple locations, including New York, London, Madrid, and Bahrain. In 2010, K2 Global Consulting was hired by the Conference on Jewish Material Claims Against Germany to investigate the disappearance of $42.5 million.
Personal Life & Wife
UJA-Federation of New York Vice Chair and his wife, Lynn Korda. Jeremy and actor Nick Kroll are her sons, while Dana Kroll and Vanessa Kroll Bennett are her daughters.
Roger Bennett, a soccer journalist who writes for both the British and American media, is married to Vanessa.
Related Lists of Celebrities’ Net Worth
- Businessmen Net Worth
- Actors Net Worth
- Authors Net Worth
- Athletes Net Worth
- Singers Net Worth
- Rappers Net Worth
- Politicians Net Worth
Best Way To Increase Your Net Worth
Increasing your net worth has many benefits; it is more than just bragging rights. For example, increasing your net worth can allow you to retire years earlier. It also leads to financial security, which allows you to worry less about money and more about the important things in life.
And while increasing your net worth may seem difficult, it does not have to be. With a side hustle, you can increase your income in your spare time, fast-track your financial goals, and chase your passion.
Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.
You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.