Wednesday, 24 August 2016
Last updated 19 hours ago
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.