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Herb Kohl Net Worth

Herb Kohl Net Worth

Net Worth: $215 Million

Statistics
  • Source of Wealth Business and Politics
  • Birth Place Milwaukee, Wisconsin
  • Marital Status Not Married
  • Full Name Herbert H. Kohl
  • Nationality American
  • Date of Birth February 7, 1935
  • Ethnicity Polish-Jewish and Russian-Jewish
  • Occupation Politician and Businessman
  • Education Harvard Business School and University of Wisconsin
  • Children None
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About Herb Kohl

Herb Kohl is a politician and businessman who has an estimated net worth of $215 million. Born Herbert H. Kohl on February 7, 1935 in Milwaukee, Wisconsin, he is of Polish-Jewish and Russian-Jewish descent. He attended Wisconsin High School and the University of Wisconsin where he earned his B.A. degree in 1956. He took his MBA degree from Harvard Business School in 1958. He was also the roommate of Major League (MLB) Commissioner Bud Selig. He became a member of the United States Army Reserve between 1958 and 1964.

Before he ventured into politics, he worked as an investor in the real estate and stock market, and built his own company, Kohl’s Investments. He became the president in 1970 and stayed as an executive until 1979. He was responsible in overseeing the merging of the company with BATUS Inc. in 1972. He also helped build the family-owned business, Kohl’s grocery and department stores where he served as the president from 1970 to 1979 when it was sold. These included 50 grocery stores and a number of department stores, pharmacies, and liquor stores which he and his brother became the heir.

Herb Kohl became the owner of the Milwaukee Bucks in 1985 when he bought the team to ensure that it remains in Milwaukee. He considered an offer to sell the team in 2003 to former NBA superstar Michael Jordan but decided that he will retain its ownership. In 2007, he was elected into the Wisconsin Athletic Hall of Fame.

From 1975 to 1977, Kohl served as the Chairman of the Wisconsin Democratic Party. He became the U.S. Senator from Wisconsin on January 3, 1989 until January 3, 2013. During his service, he was considered as a leader in Congress with his works in the balancing of the federal budget. He has been working and voting against wasteful spending and has been honored by the Concord Coalition, the U.S. Chamber of Commerce, Taxpayers for Common Sense and Citizens Against Government Waste for his voting record. He has served in the Senate Appropriations Committee, the Judiciary Committee, and the Special Committee on Aging. He also served the senior Democrat on the Agriculture Appropriations Subcommittee with jurisdiction on the budgets of USDA, and FDA among other agencies with programs important to farmers and consumers. He also served as the ranking member of the Judiciary’s Subcommittee on Antitrust, Business Rights and Competition.