Herb Kohl Net Worth: How Rich Was The Late Senator?

Publish date: 2024-03-18

This article shares more information about Herb Kohl, the American businessman and politician and his net worth.

Herbert H. Kohl (February 7, 1935 – December 27, 2023) was an American businessman and politician. Kohl also served as a United States senator from Wisconsin from 1989 to 2013 as a member of the Democratic Party.

Alongside his brother and father, Kohl founded the Kohl’s department stores chain, of which he went on to be president and chief executive officer. He purchased the Milwaukee Bucks of the National Basketball Association in 1985, keeping the team from relocating. Kohl was elected to the U.S. Senate in 1988 and was elected to four six-year terms.

Early life of Herbert Kohl

Kohl was born and raised in Milwaukee, the son of Mary and Max Kohl. His father was a Polish Jewish immigrant and his mother was a Russian Jewish immigrant. He attended Washington High School. He earned a Bachelor of Science from the University of Wisconsin–Madison in 1956 and a Master of Business Administration degree from Harvard Business School in 1958. While an undergraduate, he joined the Pi Lambda Phi fraternity.

He was also a roommate of Major League Baseball Commissioner Bud Selig. Between 1958 and 1964, Kohl was a member of the United States Army Reserve.

After finishing graduate school, Kohl worked as an investor in real estate and the stock market, eventually spinning off his own company, Kohl Investments, to manage these assets. He and his brother became heirs to a family-owned chain that included 50 grocery stores and several department stores, pharmacies and liquor stores. In 1970, Kohl was named president of Kohl’s and served until the corporation was sold to BATUS Inc. (formerly British American Tobacco) in 1978.

Personal life of Herb Kohl

Kohl was the wealthiest resident of Milwaukee, the richest Jewish American from Wisconsin, and one of the wealthiest U.S. senators. In 2016, Forbes estimated Kohl’s net worth to be around $630 million to $1.5 billion.

Kohl was elected to the Wisconsin Athletic Hall of Fame in 2007. On July 22, 2021, Kohl was the key figure of the lead car in the Milwaukee Bucks NBA Championship parade. On the event, he said: “This is one of the big days of my life.” Kohl attended the Bucks’ 2021-22 season opener at Fiserv Forum and was presented with a Bucks championship ring for his efforts in keeping the Bucks in Milwaukee.

Kohl died at his home in Milwaukee on December 27, 2023, at the age of 88.

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Networth of Herb Kohl

In 2016, Forbes estimated Kohl’s net worth to be around $630 million to $1.5 billion. Kohl was elected to the Wisconsin Athletic Hall of Fame in 2007. On July 22, 2021, Kohl was the key figure of the lead car in the Milwaukee Bucks NBA Championship parade.

source: www.ghbase.com

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