Stan Kroenke, Arsenal’s sole owner, is the 58th wealthiest American according to a recent special edition of Forbes magazine.
Kroenke, who has seen the value of his LA Rams increase by 893% since 1998, purchased Alisher Usmanov’s Arsenal shares recently, valuing the club at $2.3 billion.
Jeff Bezos is listed as number one with a personal fortune of $160 billion while nearly half the world’s 3 billion people live in poverty. 1.3 billion people live on less than $1.25 a day with UNICEF state that 22,000 children die every day due to poverty-related causes.
Forbes recently named Kroenke as one of the stingiest billionaires on the planet, having given just $1m of his fortune to charity over the course of his life (hence his philanthropy rating of ‘1’). Bezos’s philanthropy rating wasn’t much better. He got a 2.
While, of course, $1m is a lot of money to most normal people, it is pennies for a billionaire, especially when compared to some others who have given away close to $1bn of their own money over their lifetimes. Kroenke is said to be worth $8.5billion.
Kroenke, however, prefers to take from the people, receiving (or demanding) state handouts to increase his profit margins. You can read more about that here.
Forbes noted that it is possible that Kroenke donates anonymously and that his spokespeople did not respond to a request for clarification.