Herb Kohl Net Worth (Updated 2025).
Herbert H. Kohl, often known simply as Herb Kohl, began his career in the retail industry, a path that would eventually lead him to become a prominent figure in both business and politics. Born and raised in Milwaukee, Wisconsin, Kohl started his professional journey in the 1950s, working for his father’s department store, Kohl’s. He quickly climbed the ranks, demonstrating a keen business acumen that would serve him well in the years to come.
As Kohl’s son, he was expected to take on a leadership role within the family business, and he did so with enthusiasm and skill. He worked tirelessly to expand the company, opening new stores and implementing innovative marketing strategies. By the 1970s, Kohl’s had grown into a major regional retailer, and Herb Kohl was widely recognized as a successful and forward-thinking businessman. This success, coupled with his deep roots in the community, paved the way for his entry into politics.
Herb Kohl’s Current Net Worth (2025)
As of 2025, Herb Kohl’s current net worth is estimated to be approximately $4.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful business career and investments.
Career
Herbert H. Kohl, born in 1935, is a prominent American businessman and former politician. He founded Kohl’s department store in 1962, which grew into a national retail chain with over 1,100 stores. Kohl served as a U.S. Senator from Wisconsin from 1989 to 2013, focusing on issues like education, healthcare, and economic development.
Other Ventures
After retiring from the Senate, Kohl remained active in business and philanthropy. He is the owner of the Milwaukee Bucks NBA team, which he purchased in 1985. Kohl also serves on various corporate boards and is involved in several charitable organizations, particularly in education and healthcare.
Assets
Herb Kohl’s assets include a substantial stake in Kohl’s Corporation, the NBA’s Milwaukee Bucks, and numerous real estate properties across the United States. His Wisconsin residence, a 12,000-square-foot lakefront home, is one of his most notable properties. Kohl also has a diverse investment portfolio, including stocks and bonds.
Annual Income
Herb Kohl’s annual income is primarily derived from his investments and business ventures. As a major shareholder in Kohl’s Corporation, he receives substantial dividends. Additionally, his ownership of the Milwaukee Bucks generates income through team operations and potential increases in the franchise’s value. However, the exact figures of his annual income are not publicly disclosed.
Frequently Asked Questions about Herb Kohl
**Frequently Asked Questions: Herb Kohl Net Worth**
1. What is Herb Kohl’s net worth?
Herb Kohl’s net worth is estimated to be around $5 billion.
2. How did Herb Kohl make his fortune?
Herb Kohl made his fortune through his ownership of the Milwaukee Bucks, a professional basketball team in the NBA, and his various business ventures, including real estate and banking.
3. When was Herb Kohl born?
Herb Kohl was born on September 7, 1935.
4. What is Herb Kohl’s background?
Herb Kohl was born and raised in Milwaukee, Wisconsin. He graduated from the University of Wisconsin-Madison with a degree in economics and later served in the U.S. Army. He then went on to work in his family’s department store business before branching out into his own ventures.
5. When did Herb Kohl purchase the Milwaukee Bucks?
Herb Kohl purchased the Milwaukee Bucks in 1985.
6. Did Herb Kohl ever serve in politics?
Yes, Herb Kohl served as a U.S. Senator from Wisconsin from 1989 to 2013.
7. What is Herb Kohl’s political affiliation?
Herb Kohl is a Democrat.
8. Has Herb Kohl received any awards or recognitions?
Yes, Herb Kohl has received several awards and recognitions, including the Presidential Medal of Freedom, the highest civilian honor in the United States, in 2013.
9. What is Herb Kohl’s philanthropic work like?
Herb Kohl is known for his philanthropic work, particularly in the areas of education and health. He has donated millions of dollars to various causes, including the University of Wisconsin-Madison and the Medical College of Wisconsin.
10. Is Herb Kohl still involved with the Milwaukee Bucks?
No, Herb Kohl sold the Milwaukee Bucks in 2014 to Wes Edens and Marc Lasry. However, he remains involved in the team’s charitable foundation, the Herb Kohl Foundation.
