Jules Kroll is a renowned American businessman and founder of the corporate investigations and risk consulting firm Kroll Inc. He is widely recognized for uncovering financial fraud, tracing hidden assets, and investigating high-profile cases involving governments, corporations, and individuals.
Early Life and Education
Jules Kroll was born in Bayside, Queens, New York, in 1941. His father, Herman Kroll, was a successful lawyer and politician, while his mother, Esther, was a homemaker. Kroll attended Georgetown University in Washington, D.C., where he earned a degree in history. He went on to attend the New York Law School, where he received his Juris Doctor degree in 1967.
Career Beginnings
After completing his law degree, Kroll began working as an attorney for the New York State Attorney General’s office. He later joined the law firm Phillips Nizer Benjamin Krim & Ballon, where he specialized in corporate law and securities fraud. However, Kroll soon became interested in investigations and started his own company in 1972.
Founding of Kroll Inc.
Kroll founded Kroll Inc. in 1972, which quickly became a leading provider of corporate investigations and risk consulting services. Kroll’s approach to investigations was different from others at the time, as he focused on using intelligence and analytical tools to uncover hidden assets and expose financial fraud. Kroll also pioneered the use of forensic accounting and computer forensics in investigations, which helped him solve some of the most complex financial cases in history.
Notable Cases
Over the years, Kroll and his firm have handled many high-profile cases, including investigating the Enron scandal in 2001. Kroll’s team was able to uncover hidden assets and expose the financial fraud that led to Enron’s bankruptcy. Jules Kroll and his firm have handled many high-profile cases, including investigating the Enron scandal in 2001 and handling cases involving the Vatican Bank, the government of Kuwait, and the Russian oligarch Boris Berezovsky.
Honors and Awards
Kroll’s contributions to the field of corporate investigations have earned him numerous honors and awards. In 2013, he was inducted into the American Academy of Arts and Sciences, and in 2015, he received the William J. Donovan Award from the OSS Society for his work in intelligence and national security.
Personal Life and Philanthropy
Jules Kroll, who is married to Lynn Kroll and has four children, is also involved in philanthropic work and has supported many organizations, including the National Museum of American Jewish History and the Georgetown University Law Center.
Net Worth
As of 2023, Jules Kroll’s net worth is estimated to be around $1.5 billion. He made his fortune through his work at Kroll Inc., which he sold to Marsh & McLennan Companies for $1.9 billion in 2004.
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Legacy and Impact
Jules Kroll’s impact on the business world cannot be overstated. He revolutionized the field of corporate investigations and risk consulting, introducing new methodologies and technologies that have since become standard practice. Kroll’s firm has also served as a model for other companies in the industry, and his legacy continues to inspire new generations of investigators and analysts.
FAQs:
Q: What is Jules Kroll known for?
A: He is known for his work in corporate investigations and risk consulting, and for founding the company Kroll Inc.
Q: What were some of he notable cases?
A: Jules Kroll and his firm have handled many high-profile cases, including investigating the Enron scandal in 2001 and handling cases involving the Vatican Bank, the government of Kuwait, and the Russian oligarch Boris Berezovsky.
Q: What is Jules Kroll’s net worth?
A: As of 2023, Jules Kroll’s net worth is estimated to be around $1.5 billion.
Q: What is Jules Kroll’s legacy in the business world?
A: Jules Kroll’s legacy in the business world is his innovative approach to investigations and his contributions to the field of corporate investigations and risk consulting.
Conclusion:
Jules Kroll is a true pioneer in the field of corporate investigations and risk consulting. Through his work at Kroll Inc., he has helped uncover some of the most complex financial fraud cases in history and has had a lasting impact on the business industry. Numerous awards and honors have recognized his contributions to the field, and he has set the standard for the industry with his innovative approach to investigations.
Jules Kroll’s net worth and success are a testament to his incredible business acumen and dedication to his work. His legacy will undoubtedly continue to inspire future generations of business leaders and investigators.
