Michael Kittredge Iii Net Worth (Updated 2026).
Michael Kittredge III began his entrepreneurial journey in the late 1970s, at the tender age of 16, when he crafted a candle out of melted crayons for his mother as a Christmas gift. This simple act of creativity and love sparked an idea that would eventually transform into a global phenomenon. Driven by his passion for candle making, Kittredge started selling his handmade creations at local craft fairs, a humble beginning that would soon evolve into a multi-million dollar enterprise.
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Table Of Contents
Michael Kittredge III’s Current Net Worth (2025)
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As of 2025, Michael Kittredge III’s current net worth is estimated to be around $100 million. This figure is based on the latest available information and takes into account his various business ventures and investments.
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Career
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Michael Kittredge III is the founder and former CEO of Keurig, the single-serve coffee brewer company. He started the business in 1992 with his brother, John, and an initial investment of just $5,000. Under his leadership, Keurig grew into a multi-billion dollar company, revolutionizing the coffee industry.
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Other Ventures
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After stepping down as CEO of Keurig in 2006, Kittredge III has been involved in various other ventures. He co-founded the investment firm Green Mountain Coffee Roasters, which later acquired Keurig. He also serves on the board of several companies and is a venture partner at the investment firm CAVU Venture Partners.
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Assets
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Michael Kittredge III’s assets include a significant stake in Keurig Dr Pepper, the company that resulted from the merger of Keurig Green Mountain and Dr Pepper Snapple Group. He also owns several properties, including a home in Vermont and an apartment in New York City.
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Annual Income
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While Michael Kittredge III’s annual income can vary, it’s estimated that he earns a significant amount from his stake in Keurig Dr Pepper, as well as from his other business ventures and investments. However, the exact figure is not publicly disclosed.
Frequently Asked Questions about Michael Kittredge Iii
**Frequently Asked Questions: Michael Kittredge III Net Worth**
1. What is Michael Kittredge III’s net worth?
Michael Kittredge III’s net worth is estimated to be around $100 million.
2. How did Michael Kittredge III make his fortune?
Michael Kittredge III made his fortune as the co-founder and former CEO of the home goods retailer, Wayfair.
3. When was Wayfair founded?
Wayfair was founded in 2002.
4. What was Michael Kittredge III’s role at Wayfair?
Michael Kittredge III served as the CEO of Wayfair from 2002 until 2011. He then served as the Executive Chairman until 2019.
5. When did Michael Kittredge III step down from Wayfair?
Michael Kittredge III stepped down from his role as Executive Chairman in 2019.
6. What other businesses has Michael Kittredge III been involved in?
After leaving Wayfair, Michael Kittredge III has been involved in various other businesses and investments, including a venture capital firm called Stage 2 Capital.
7. What is Michael Kittredge III’s educational background?
Michael Kittredge III graduated from Harvard Business School with an MBA.
8. Where was Michael Kittredge III born?
Michael Kittredge III was born in Boston, Massachusetts.
9. What is Michael Kittredge III’s current involvement with Wayfair?
As of now, Michael Kittredge III is no longer involved in the day-to-day operations of Wayfair, but he remains a significant shareholder.
10. What is Michael Kittredge III’s philanthropic work like?
Michael Kittredge III and his wife, Nira, have been involved in various philanthropic efforts, including supporting education and healthcare initiatives.
