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Originally Posted by jettio
So did Kroenke have any money before marrying Sam Walton's daughter?
Pretty amazing how he has all these sports franchises and he got it all by saving up his allowance like a kid who wants a bicycle.
To be fair, after looking at his wikipedia bio, he married in 1974 and did a lot of real estate business in the 1980's and 1990's before he started buying teams, so seems to have made some money through his own work.
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That's a bit misleading. A ton of Kroenke's money was made by buying land around the spots where Wal Marts were going to be built & developing strip centers along those properties anchored to the Wal Mart. However my understanding was given that he was married into the Walton family he could get advance notice of where stores would go allowing him to get land that was pretty useless & sell or lease it at a premium once Wal Mart built there.
Granted it's not like he inherited a trust fund or anything but claiming he is "self made" isn't really right either. He married well & then parlayed that advantage into becoming one of the richest people in the world.