The former senator and businessman are reported to have a net worth of $1.2 billion.
Much of his wealth comes from his stake in the Milwaukee Bucks NBA team, which he purchased in 1985 for $18 million.
Kohl also has a number of other investments and real estate holdings.
Herb Kohl Net Worth 2024
Herb Kohl’s net worth is estimated to be around $1.2 billion, according to recent figures.
He made this fortune primarily through his ownership of the Kohl’s Department Stores chain.
He has also been involved in a number of other business ventures over the years, including real estate and banking.
Kohl was born into a wealthy family, so it’s no surprise that he has managed to build on their legacy and create his fortune. Despite retiring from politics in 2013, he remains a major figure in Wisconsin’s business community.
While we can’t know for certain, it is safe to say that Herb Kohl has a net worth in the tens of millions. Kohl made his fortune as the co-founder of Kohl’s Department Stores and through a series of shrewd investments over the years.
He also served as a US senator from Wisconsin for 24 years, making him one of the longest-serving senators in history.
Despite his wealth, Kohl is known for being frugal and down-to-earth. He prefers to live modestly rather than flaunt his riches. All in all, he’s a classic American success story.
Who Is Herb Kohl?
Herb Kohl is a Wisconsin politician and former United States Senator. He is a member of the Democratic Party. Kohl was first elected to the Senate in 1988 and served four terms, retiring in 2013.
He previously served as a member of the Wisconsin State Assembly from 1965 to 1977.
Kohl was born in Milwaukee, Wisconsin, the son of Hazel M. (née Paul) and Max Kohl, who owned a series of grocery stores called Kohl’s Food Stores.
His father was a Polish immigrant and his mother was born in the United States to Polish parents.
He has a sister, Georgia. Kohl attended Washington High School in Milwaukee and graduated from the University of Wisconsin–Madison with a B.A. in 1957. He later received an M.B.A. from Harvard Business School in 1963.
Kohl is Jewish, and he married his wife, Audrey Popec, in 1962.
They have three children: Steven, Jennifer, and Michelle. Kohl’s great-grandparents, Samuel and Augusta Kohl, were Polish-Jewish immigrants who settled in Milwaukee in the 1870s.
Kohl began his career as a businessman, running a chain of grocery stores called Kohl’s Food Stores. He later served as a member of the Wisconsin State Assembly from 1965 to 1977.
In the 1976 elections, he ran for the United States Senate, losing to incumbent Republican Robert W. Kasten Jr. He ran again in the 1982 elections and defeated Kasten in a rematch.
He was reelected in 1988, 1994, and 2000. He did not run for reelection in 2006 but announced his retirement from the Senate in 2011.
Career and Education-
Herb Kohl was born in Milwaukee, Wisconsin, on February 7, 1935. He is the son of Herb Kohl Sr. and Mildred Rosenthal Kohl.
His father owned a chain of grocery stores called Kohl’s Food Stores, and his mother was a homemaker. He has two brothers, Robert and Richard.
He attended the University of Wisconsin-Madison and graduated with a Bachelor’s degree in 1957. He then attended Stanford Graduate School of Business and earned his MBA in 1960.
He returned to Milwaukee and joined the family business, Kohl’s Food Stores. He became president in 1961 and chairman and CEO in 1970. He grew the company from 10 to 66 stores. He sold the company to BATUS Inc. in 1979.
He then purchased the Milwaukee Bucks from Jim Fitzgerald in 1985 and has been their owner ever since.
He has also been active in politics and served as a U.S. Senator from Wisconsin from 1989 to 1999. He was not a candidate for re-election in 1998.
Herb Kohl is a philanthropist who has donated millions of dollars to charity. He has also been a major donor to the University of Wisconsin-Madison, donating $25 million to the school’s athletic department in 2013.
Herb Kohl is a successful businessman and philanthropist. He has made a significant impact on the state of Wisconsin and its residents.
Herb Kohl Career
Herb Kohl is an American politician who served as a U.S. Senator from Wisconsin from 1989 to 2013. He is a member of the Democratic Party.
Kohl was born in Milwaukee, Wisconsin, on February 7, 1935. He graduated from the University of Wisconsin–Madison in 1957 with a B.A. in history.
He then attended the University of Wisconsin Law School, graduating in 1960. After working as a lawyer and businessman, Kohl purchased the Milwaukee Bucks in 1985. He remained the owner of the team until he sold it in 2014.
Kohl was elected to the U.S. Senate in 1988 and served four terms, from 1989 to 2013. He chose not to run for reelection in 2012.
During his time in the Senate, Kohl served on the Committee on Finance, the Committee on Health, Education, Labor, and Pensions, the Special Committee on Aging, and the Select Committee on Intelligence.
He was also chairman of the Joint Economic Committee and the Senate Democratic Campaign Committee.
Kohl retired from the Senate in 2013 and was succeeded by Tammy Baldwin. He has since been involved with several philanthropic organizations, including the Herb Kohl Educational Foundation, which provides educational grants to teachers and students in Wisconsin.
His Achievements
Herb Kohl has been a member of the United States Senate since 1989, representing Wisconsin.
He is a member of the Democratic Party. Prior to his election to the Senate, Kohl served as a member of the Wisconsin State Assembly from 1965 to 1967 and as the Milwaukee County Executive from 1968 to 1972.
Kohl has been active in a number of issues during his time in the Senate. He has been a strong advocate for education, working to increase funding for schools and improve access to higher education.
He has also worked to expand access to health care, including by voting for the Affordable Care Act.
Kohl has also been a leader on issues relating to trade and manufacturing, working to help Wisconsin companies compete in the global economy.
Kohl has been recognized for his work on behalf of the people of Wisconsin. In 2012, he was awarded the Presidential Medal of Freedom, the highest civilian honor bestowed by the United States government. Kohl is also a recipient of the John F. Kennedy Profile in Courage Award.
Kohl announced that he would not seek reelection to the Senate in 2012. He will retire at the end of his current term, which ends in January 2013.
During his time in the United States Senate, Herb Kohl was a strong advocate for education. He worked to increase school funding and improve access to higher education.
Kohl has also been a leader on issues relating to trade and manufacturing, working to help Wisconsin companies compete in the global economy.
He announced that he would not seek reelection to the Senate in 2012.
Herb Kohl In The Media:
- wispolitics- Herb Kohl Foundation: Herb Kohl Foundation Excellence Scholarship, Initiative Scholarship, Fellowship, Leadership Award recipients
- radioplusinfo- 4-11-22 herb kohl foundation awards
Herb Kohl Youtube Videos:
FAQs
What are Herb Kohl's major sources of income?
Herb Kohl's primary source of income is his ownership stake in the Milwaukee Bucks. He also earns income from investments, including his stake in the Kohl's department store chain.
How did Herb Kohl become so wealthy?
Herb Kohl became wealthy through a combination of entrepreneurship and investing. He co-founded the Kohl's department store chain, and later purchased the Milwaukee Bucks. He has also made wise investments over the years, which have helped him grow his fortune.
What is Herb Kohl's net worth trend over time?
Herb Kohl's net worth has grown significantly in recent years, thanks in large part to the increased value of the Milwaukee Bucks. The team is now worth an estimated $1.3 billion, and Kohl's stake is worth an estimated $650 million.
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Conclusion: Herb Kohl Net Worth 2024
As of 2024, Herb Kohl’s net worth is $1.2 billion, making him one of the richest people in Wisconsin.
He made his fortune in department stores and investments and continues to give back to the community through philanthropy.
Kohl was born in Milwaukee, Wisconsin, in 1935 and attended the University of Wisconsin-Madison before starting his business career.
Kohl is known for his dedication to public service, which included serving as a four-term U.S. Senator from Wisconsin and as chairman of the Democratic National Committee from 1997 to 1999.
