LYCOS RETRIEVER 
Henry Kravis
built 215 days ago
Henry Kravis is Founding Partner of Kohlberg Kravis Roberts & Co., a merchant banking firm he founded with two partners in 1976. He earned a BA in Economics from Claremont McKenna College, California, and an MBA from Columbia Business School in 1969. While at the Business School, Mr. Kravis was ... vice president of Katy Industries, where he designed and implemented its acquisition program. He then joined Bear Stearns & Co.,
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Henry Kravis is a billionaire, the 57th richest person in America. He acquired this wealth by purchasing public companies with borrowed money. To pay off the debt, he cuts benefits at the company, sells its assets, and lays off employees.
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In 1987, Jerome Kohlberg, Jr. resigned from the firm, and Henry Kravis and George Roberts continued to lead the firm. Under Kravis and Roberts the firm was responsible for the 1988 leveraged buyout of RJR Nabisco. At a cost of $31.4 billion[4], it was then the highest price ever paid for a commercial enterprise. The publicity surrounding the event led to the story being dramatized in the book and film, Barbarians at the Gate. In early 1995, Kohlberg Kravis Roberts & Co divested its remaining holdings in RJR Nabisco.
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LEVERAGED buyout billionaire Henry Kravis (above) is now the King of Lake Worth in Palm Beach. According to local swells, Kravis has agreed to shell out $50 million for a mansion with more than 15,000 square feet on five landscaped acres. "It's absurd that anyone would pay that kind of money for something that's not even on the ocean," one broker told The Post's Braden Keil. While Kravis' purchase beats the previous lakeside price of $28.5 million, it still falls short of the $92 million Ron Perelman collected for his ocean-to-lake property a short distance away. Kravis did not return calls.
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Henry Kravis has been married three times. His first wife Helene Diane from whom he divorced in the early eighties died in 1997 after a short illness with lung cancer. Their 19-year-old son was killed in an automobile accident in 1991 and he has two remaining children, Robert (1973) and Kimberly (1975). He remarried, to Jane Smith (the legal name of New York designer Carolyne Roehm ) in 1985, but it ended in divorce in 1993. The home decorated for this couple by Robert Denning and Vincent Fourcade was parodied in the 1990 movie " The Bonfire of the Vanities " with Tom Hanks . He is presently married to a prominent French-Canadian economist, Marie-Josée Drouin , a Fellow of the Hudson Institute and a columnist and TV personality in Canada.
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Worked his way up from very near the top: Henry Kravis was born in Tulsa Oklahoma. His father was an oil engineer and onetime oil business partner of Joseph P. Kennedy, father of the President. Young Henry attended prep school in the east, and went to Claremont College in California, where he majored in economics and was captain of the golf team....
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Henry Kravis