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Herb Kohl Net Worth

Emmy Wallin

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Herb Kohl Net Worth

What is Herb Kohl’s net worth? 

Net Worth:$400 Million
Age:86
Born:February 7, 1935
Country of Origin:United States of America
Source of Wealth:Former Senator
Last Updated:2021

Introduction 

Herb Kohl is an American businessman and politician.

Alongside his brother and father, the Hohl family created the Kohl’s department stores chain.

Kohl is a former United States Senator from Wisconsin. He is also the former owner of the Milwaukee Bucks of the National Basketball Association. 

As of 2021, Herb Kohl’s net worth is estimated to be roughly $400 million. 

 

Early Life 

Herb Kohl was born on the 7th of February, 1935, in Milwaukee.

Kohl is the son of Mary and Max Kohl. His father was a Polish Jewish immigrant, while his mother was a Russian Jewish immigrant. 

Kohl attended Washington High School, where he earned a Bachelor of Science degree from the University of Wisconsin in 1956.

He joined the Pi Lambda Phi fraternity. He was also a roommate of Major League Baseball Commissioner Bud Selig.

 

Career 

Kohl is a former United States Senator from Wisconsin, a member of the Democratic Party, and the owner of the NBA team Milwaukee Bucks.

In 1956, he earned a BA from the University of Wisconsin. He also earned an MBA degree from Harvard Business School in 1958. He then started to work as an investor in real estate and the stock market. 

Kohl soon set up Kohl Investments. He and his brother inherited a family-owned chain that included 50 grocery stores, and several department stores, pharmacies, and liquor stores.

He was the one who had the main responsibilities in the business.

From 1970, Kohl served as CEO until the sale of the corporation in 1979. He became the Chair of the Wisconsin Democratic Party from 1975 to 1977. 

Aside from politics, Kohl purchased the Milwaukee Bucks from Jim Fitzgerald in 1985 to ensure the team remained in Milwaukee.

In 2003, he doubted whether to sell the team to former NBA superstar Michael Jordan but decided to keep ownership instead.

As of 2021, Herb Kohl’s net worth is estimated to be roughly $400 million. 

 

How Does Herb Kohl Spend His Money?

Herb Kohl spends his money on real estate and charity work. 

 

Herb Kohl’s Home and Other Purchases

Kohl owns an apartment in Milwaukee, Wisconsin.

He has lived in the unit on the 27th and top floor of the 1968 Regency House Condominiums since at least 1976. He also bought the Milwaukee Bucks in 1985. 

 

Herb Kohl’s Charity Work 

Philanthropy has always been a big part of Herb Kohl’s life. Herb Kohl’s Philanthropic focus is on investing in education.

 

Highlights

Here are some of the best highlights of Herb Kohl’s career:

  • Kohl’s department stores
  • Kohl is also the former owner of the Milwaukee Bucks of the National Basketball Association

 

Favorite Quotes from Herb Kohl

“We cannot and will not ban the creation of violent video games. But, we can prevent the distribution of these disturbing games to children, where their effects can be negative.” – Herb Kohl

“It’s time to stop defending a system that is clearly in dire need of reform, stop issuing reports and setting up new roadblocks, and start providing Americans with prescription drugs that are both safe and affordable.” – Herb Kohl

“As all of us with any involvement in sports knows, no two umpires or no two referees have the same strike zone or call the same kind of a basketball game.” – Herb Kohl

“Over the course of more than 200 years, it has found a right to an equal education regardless of race. It has guaranteed an attorney and a fair trial to all Americans, rich and poor alike. It has allowed women to keep private medical decisions private. And it has allowed Americans to speak, vote and worship without interference from their government.” – Herb Kohl

“We give Supreme Court justices this freedom because we expect them to remain above the pull of politics, to avoid the effects of public excitement and allow a broader view, not tied to the whims of the majority at a certain moment in history.” – Herb Kohl

“Our goal is obviously to get to the playoffs, but I hope we’ll be more than that. I hope we get to the playoffs with a good seed, and we can win a round, maybe two rounds. In my mind, we’re not a team that will be satisfied to be 41-41 or 40-42. We can do better. I think the guys feel that way, and I know the coaches feel that way.” – Herb Kohl 

 

3 Life Lessons from Herb Kohl

Now that you know all about Herb Kohl’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him: 

 

1. Video Games 

We cannot and will not ban the creation of violent video games. But, we can prevent the distribution of those disturbing games to children, where their effects can be negative.

 

2. Sports 

As all of us with any involvement in sports knows, no two umpires or no two referees have the same strike zone or call the same kind of a basketball game.

 

3. Explain Your Views 

Before people decide to trust you with this power, they will ask you to stand before the public and explain your views. Justice may be blind, but it should not be deaf.

 

Summary 

Herb Kohl is an American businessman, politician, owner of the Milwaukee Bucks National Basketball Association, and current Chairman of the Senate Special Committee on Aging.

He has served as Wisconsin’s Senator for four separate terms and made his fortune through his own company, Kohl Investments. 

As of 2021, Herb Kohl’s net worth is estimated to be roughly $400 million. 

What do you think about Herb Kohl’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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