Stan Kroenke continues to go from strength to strength as a businessman and sports team owner with his investments across the world booming. For the American real estate tycoon, 2023 has yet again been another impressive year.
On the field, he saw Arsenal finish as Premier League runners up, going from missing out on the Champions League the season before to leading the table for most of the 2022/23 campaign, narrowly falling short of Manchester City at the final hurdle. In the NBA, Kroenke saw Denver Nuggets win their first title as well.
Over the past three years Kroenke has also seen his Sports and Entertainment (KSE) empire boom across mutliple industries with investments in infrastructure and land proving just as luxurious as his NFL, NBA, lacrosse and ice hockey teams as well. It leaves the 76-year-old with more than 60million square feet of real estateas well as being the owner of teams playing at state-of-the-art facilities in England and America.
The Colorado Avalanche and Colorado Rapids owner is now worth a staggering £12.66billion ($15.7bn), making him the most wealthy individual to own a football club in England. Although Newcastle and Manchester City both have investors with access to more money via the Saudi Arabian Public Investment Fund (PIF) or Dubai-based family cash, Kroenke on his own is topping the list.
Having purchased shares in Arsenal in 2008 for the first time, he then went on to increase the stake in 2011 and has overseen a period of great turbulence at the Emirates Stadium with Arsene Wenger leaving and the club now ahead of schedule in their rebuild under Mikel Arteta.
For Kroenke, this latest figure is a huge rise on the £11.94billion ($14.8bn) he was valued at by Forbes just two months ago.Read on football.london