Jules B. Kroll was born on 18th May 1941, in Bayside, Queens, New York City USA, of Jewish ancestry, and is a businessman, probably best known as the founder of successful companies such as Kroll Bond Rating Agency and K2 Intelligence. Kroll has been active in the business industry since 1968.
How much is the net worth of Jules B. Kroll? It has been estimated by authoritative sources that the overall size of his wealth is as much as $1.5 billion, as of the data presented in late 2017. Business is the major source of Kroll’s fortune.
Jules B. Kroll Net Worth $1.5 Billion
To begin with, the boy was raised in Bayside, Queens. There is no information about his early education, but he graduated from Cornell University earning a Bachelor’s degree. Later, he earned his Juris Doctor’s degree from Georgetown University Law Centre.
Concerning the professional career, Kroll began his career working for certain Wall Street corporations outlining potential investors, partners and objectives, specializing in identifying links with companies, institutions or partners known for financial and professional misdeeds, and over time established himself as a ‘Wall Street detective’. In 1972, Kroll launched a global risk consulting firm headquartered in New York, and later the company expanded its activities beyond researching private services security and intelligence services, and now operates in areas related to the mitigation of business risks, including criminal background checks, business intelligence, market intelligence, electronic discovery, accounting expertise, and data recovery lost or purposely erased. Jules’ net worth grew accordingly.
The company now has more than 4,500 employees in 26 countries, and is a subsidiary of Altegrity, Inc. It has become known for elucidating sensitive issues within organizations, such as illegal asset diversions and internal fraud. Of note, it played an important role after Enron’s bankruptcy in the US, and managed to track and identify about 35% of the company’s assets and its market value. In Brazil it has among its clients Santander, Citibank and the Brazilian government – with companies such as Petrobras and Banco do Brasil. The company played an important role in the episode of construction Encol in 1999, the largest case of failure, of non-bank of América do Sul, which involved an approximately $2.5 billion loss for about 40,000 families in the purchase of real estate that was never delivered. Hired by the bankrupt estate of Encol, Kroll was able to locate part of the money diverted by the construction company. In 2004, Kroll was involved in Operation Chacal, Federal Police, which investigated acts of espionage reaching executives of Telecom Italia and the Brazilian government summit. Officials of the company’s Brazilian branch were prosecuted in the scope of the Federal Justice, for transportation, purchase and diffusion of data obtained through unauthorized telephone listening by the Justice, which had no evidence; the file has been archived.
In 2012, Kroll launched another well-known company – K2 Intelligence. Currently, a new Kroll team is working to clarify the hidden debts in Mozambique.
Finally, in the personal life of the businessman, he is married to Lynn Corda, and they have two sons and two daughters.
