Let’s talk about Herb Kohl—this guy wasn’t just about building wealth; he was all about giving back, too. As a businessman who ran Kohl’s Corporation, a former U.S. Senator, and the owner of the Milwaukee Bucks, Herb Kohl built an empire worth over $400 million. But what made him stand out wasn’t just his business acumen or political influence—it was his generosity. Herb Kohl wasn’t just about making money; he was about using it to make a difference. Let’s dive into the details of how he did it.
Table of Contents
Quick Facts
| Fact | Detail |
|---|---|
| Real Name | Herbert Hiken Kohl |
| Popular Name | Herb Kohl |
| Gender | Male |
| Birth Date | February 7, 1935 – December 27, 2023 |
| Age | 88 |
| Parents | Max Kohl, Mary Kohl |
| Siblings | N/A |
| Birthplace | Milwaukee, Wisconsin |
| Nationality | American |
| Ethnicity | Polish Jewish, Russian Jewish |
| Education | University of Wisconsin (BS), Harvard Business School (MBA) |
| Marital Status | N/A |
| Spouse | N/A |
| Children | N/A |
| Dating | N/A |
| Net Worth | Estimated $400 million |
| Source of Wealth | Business, Politics, Investments |
| Height | N/A |
What is Herb Kohl’s Net Worth in 2024?
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As we look at Herb Kohl’s net worth in 2024, it’s clear that this guy was no slouch when it came to building wealth. Estimates put his fortune at around $400 million, a testament to his skills as both a businessman and an investor. While the exact breakdown of his earnings isn’t publicly available, we do know that his ownership of Kohl’s Corporation and the Milwaukee Bucks played a big part in his financial success. But here’s the thing—Herb Kohl wasn’t just about the money. His impact went far beyond his bank account, touching the lives of countless people through his philanthropy.
And let’s not forget some of the key figures he worked with along the way:
- Bud Selig
- Wes Edens
- Marc Lasry
- Tammy Baldwin
- Patrick Lucey
- Jim Fitzgerald
- Michael Jordan
- Tony Earl
- Ed Garvey
- Robert Welch
If you’re interested in learning more about how other famous personalities have built their wealth, check out our section on the wealthiest politicians.
Herb Kohl’s Financial Journey
How He Built His Wealth and Career
Herb Kohl’s journey to wealth started with his leadership at Kohl’s Corporation, a family business that grew under his watchful eye. By implementing innovative retail strategies, he transformed the chain into a powerhouse before eventually selling it to BATUS Inc. That sale was a game-changer, providing him with the financial foundation to expand his empire. But Herb Kohl wasn’t done there. He also founded Kohl Investments, a firm that specialized in real estate and stock market opportunities. His knack for spotting profitable ventures allowed him to grow his wealth even further.
His Contributions to Business and Society
One of Herb Kohl’s most significant contributions came through his ownership of the Milwaukee Bucks. When he bought the team in 1985, it was more than just a business decision—it was an act of love for his hometown. By keeping the Bucks in Milwaukee, he ensured that the city retained one of its most cherished assets. When he sold the team in 2014 for $550 million, it was a win-win situation—financially savvy and emotionally satisfying.
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But Herb Kohl wasn’t just about sports. His philanthropy extended to education and public policy. He donated generously to the University of Wisconsin and established the Herb Kohl Educational Foundation, which has awarded $400,000 annually in grants to students, teachers, and schools across Wisconsin. His $25 million donation for the construction of the Kohl Center is a testament to his commitment to education and sports.
Political Career and Financial Impact
Herb Kohl served as a U.S. Senator for Wisconsin for four terms, and while his salary as a senator wasn’t exactly in the same league as his business earnings, his political influence added to his overall legacy. He advocated for balanced budgets and progressive taxation, reflecting his financial philosophies and indirectly bolstering his public image and business interests.
Legacy and Recognition
Herb Kohl’s legacy is firmly rooted in Wisconsin’s political and cultural landscape. From the Kohl Center to the Wisconsin Athletic Hall of Fame, his contributions have left an indelible mark. These recognitions highlight the importance he placed on giving back to the community that supported him.
