KKR founders' stake in company tops $800 million each
Kohlberg Kravis Roberts & Co. is moving apace toward a public listing on the NYSE (NYSE news). As part of that process, it is making more information about itself available via regulatory filings. The latest, according to Reuters, reveals that founders Henry Kravis and George Roberts were paid about $22 million last year in fee income, generated from businesses including KKR's capital markets, private equity funds and KKR asset management units. Only a small amount of this came from carried interest, which isn't surprising given the state of private equity exits.
Each has a salary of just $250,000. Kravis and Roberts each own 87 million shares, according to the filing, which means they each own just under 13 percent of the company. Based on the price of KKR's shares on Euronext, their stakes are worth around $809 million each. Not bad, but one might have expected richer stakes. Of course, if the stock rallies upon hitting the NYSE, their stakes could swell.
Over time, they'll likely get to the billion dollar market, unless the private equity business really founders. The stock will list on the NYSE in March.
For more:
- here's the article
Related Articles:
KKR takes a bow toward Forstmann Little
KKR files to list on NYSE
What to make of KKR's new fund?




Comments