Jules Kroll is an American businessman. He is the founder of Kroll, Inc. and the co-founder of K2 Integrity.
Jules Kroll Net Worth
The net worth of Jules Kroll is about $2 billion. He is the founder of Kroll, Inc., and the executive chair and co-founder of K2 Integrity. Kroll Inc. is credited with founding the modern corporate investigations industry. It became the prototype for a new breed of professional services firms dedicated to mitigating risk. Kroll Inc. grew into Wall Street’s largest risk consulting and corporate investigations firm. In 2004, Jules sold Kroll Associates to Marsh & McLennan Companies, ultimately reaching $1 billion in annual revenue. In June 2008, he tried to buy back the company from MMC, but was unsuccessful.
He founded Kroll Bond Rating Agency Inc. in 2010 and K2 Integrity in 2012.
Jules Kroll has several sources of income such as investments, stocks, and other properties. He also owns a lot of real estate.
Jules B. Kroll was born on May 18, 1941 in Bayside, Queens, New York City, United States. He was raised in a Jewish household. While growing up, he watched his father struggle with their printing company due to graft from purchasing agents.
When he graduated from high school, Jules attended Cornell University and joined the famous senior honor society Quill and Dagger. From Cornell, he obtained his B.A. Afterwards, he went to Georgetown University Law Center, where he received his Bachelor of Law (LL.B).
Jules Kroll worked on Robert F. Kennedy’s presidential campaign in Queens, New York in 1968. After this, he became an assistant district attorney in Manhattan.
When his father got sick, he took a leave from work to manage their family business. In 1972, he founded J. Kroll Associates which later became Kroll, Inc. The company exposed corruption in companies that printed a lot.
As a result of the Foreign Corrupt Practices Act of 1977, Kroll opened a number of offices in Paris, São Paulo, Moscow, Tokyo, Singapore, and Manila.
Kroll’s clients were law firms such as Skadden and Arps, and investment banks such as Drexel Burnham Lambert. He was also hired to recover stolen assets, like those of Ferdinand Marcos in the Philippines and Jean-Claude Duvalier in Haiti.
He also helped recover Nokia and Motorola $2.7 billion that had been lost in Turkey with Cem Uzan. Because of his track record, he was hired by the government of Kuwait to trace Saddam Hussein’s corporate holdings
In 2010, he established Kroll Bond Rating Agency and K2 Global Consulting with his son Jeremy Kroll. K2 Global became K2 Intelligence in 2012.
He currently serves as chair of the John Jay College of Criminal Justice Foundation. Jules is a former member of the Board of Regents of Georgetown University and the Board of Trustees of Cornell University and also served as the chair of the Georgetown Law Center Board of Visitors.
Jules Kroll Dating History
He is married to Lynn Korda, the vice chair of UJA-Federation of New York.
They have two sons and two daughters – Jeremy, Nick, Dana, and Vanessa.