Kravis, Roberts Earned Combined $44 Million Last Year, As KKR Prepares New York Listing

Jul 7 2010 | 12:30pm ET

Henry Kravis and George Roberts each earned $22 million last year at Kohlberg Kravis Roberts, the private equity giant they co-founded in 1976.

That is one of the juicy details released in advance of its listing next week on the New York Stock Exchange (Also revealed: KKR spent more than $250,000 on cars and drivers for the two men last year.) Each man will own 13% of KKR after moving its listing from Euronext Amsterdam to New York on July 15. KKR went public last year by reverse-merging with its Amsterdam-listed p.e. fund, and plans to raise up to $500 million through a share sale once the move across the Atlantic is complete.

Kravis and Roberts’ combined stake in KKR will be worth an estimated $1.6 billion. The firm manages some $55 billion.

KKR has been planning a New York listing since the successful floatation of rival Blackstone Group in 2007. But the credit crisis intervened.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of