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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR