Jules Kroll Net Worth

Table: Jules Kroll Net Worth and Personal Information

What is Jules Kroll’s Net Worth?

Jules Kroll, an American businessman, has a substantial net worth of $2 billion. Although he is widely recognized as the pioneer of modern corporate investigation, the majority of his wealth can be attributed to the sale of his consulting company, Kroll, Inc., to Marsh & McLennan for $1.9 billion in 2004.

Highlights

– Jules Kroll has a net worth of $2 billion, primarily accumulated through the sale of his consulting company.
– He is considered the founder of modern corporate investigation.
– Kroll, Inc., his first major venture, became Wall Street’s largest risk consulting and corporate investigations firm.
– Jules Kroll has founded multiple companies, including Kroll Bond Rating Agency and K2 Intelligence LLC.
– He comes from a family involved in the printing business and used his knowledge of the industry to root out corruption.
– Kroll’s successful career involved recovering stolen wealth, tracing corporate holdings, and pursuing financial crime internationally.
– Jules Kroll has four children, including comedian Nick Kroll, and his son Jeremy Kroll runs K2 Intelligence.

Early Life

Jules B. Kroll was born on May 18th, 1941, in Bayside, Queens, New York City. Growing up in a Jewish household, he witnessed his father’s struggles with graft from purchasing agents in his printing company. Jules attended Cornell University and later studied at Georgetown University Law Center.

Early Career

Jules Kroll began his career in politics, working for Robert F. Kennedy’s presidential campaign in Queens in 1968. With his father falling ill, Jules took over the family’s printing business while simultaneously serving as an Assistant District Attorney in Manhattan. He used his inside knowledge of the printing industry to connect with other companies, saving them money by eliminating unnecessary bribes and overpayments.

His breakthrough came when he secured a contract with Marvel Comics’ parent company, helping companies avoid corruption in the printing business. Eventually, Jules founded J. Kroll Associates in 1972, which later became Kroll, Inc., a renowned corporate detective agency.

Career

Kroll, Inc. revolutionized corporate investigations and risk consulting, employing thousands of professionals worldwide. Jules Kroll focused on hiring individuals with backgrounds in law enforcement, journalism, academia, and other pertinent fields to ensure accurate information regarding risk assessment.

The company expanded its operations internationally, particularly after the signing of the Foreign Corrupt Practices Act in 1977. Kroll set up offices in various global cities, facilitating business auditing, compliance services, political risk analysis, executive protection, and trace investigations of financial crimes.

Jules Kroll’s notable accomplishments include helping companies recover billions of dollars in lost funds, tracing corporate holdings of dictators like Saddam Hussein, and exposing corruption in the printing industry. Kroll, Inc. eventually sold for $1.9 billion to Marsh & McLennan.

After the sale, Kroll went on to found Kroll Bond Rating Agency (KRBA) and K2 Intelligence LLC. KRBA, established after the 2008 economic crisis, became the first bond agency of its kind.

Personal Life

Jules B. Kroll has four children, one of whom is the well-known comedian, Nick Kroll. His other son, Jeremy Kroll, runs K2 Intelligence LLC. Further information regarding Jules Kroll’s personal life, such as his height or specific details, is not readily available.

Net Worth Over Time

Jules Kroll’s net worth has seen substantial growth throughout his career. The sale of Kroll, Inc. in 2004 significantly contributed to his current net worth of $2 billion.

Components of Net Worth

– Sale of Kroll, Inc. to Marsh & McLennan: $1.9 billion
– Founder of multiple successful companies, including Kroll Bond Rating Agency and K2 Intelligence LLC.

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