Jules Kroll is a prominent businessman, entrepreneur, and pioneer in the field of corporate investigations. He is the founder and former CEO of Kroll Inc, a global risk consulting firm that he sold to Marsh & McLennan in 2004.
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Early Life and Education
Jules Kroll was born in New York City in 1941. His father was a lawyer, and his mother was a homemaker. He attended Georgetown University, where he earned a Bachelor of Science degree in Foreign Service. Later, he earned a law degree from Yale Law School.
Career Beginnings
After completing his education, Jules Kroll began his career as an attorney at the Wall Street law firm of Alexander & Green. He then went on to work for a private investigative firm, where he learned the skills that would later help him to build his own business.
Kroll Inc.
In 1972, Jules Kroll founded Kroll Inc. The company specialized in corporate investigations and risk consulting. Kroll Inc. quickly became a leader in the field, and its clients included some of the world’s largest corporations and law firms.
Notable Cases
Throughout his career, He was involved in many high-profile cases. Some of the most notable include:
- Investigating the bankruptcy of Enron
- Investigating the accounting scandal at WorldCom
- Investigating the allegations of fraud and corruption at Tyco International
Sale of Kroll Inc.
In 2004, Jules Kroll sold Kroll Inc. to Marsh & McLennan for $1.9 billion. After the sale, he founded K2 Global Consulting, which specializes in risk consulting and investigations.
Personal Life
Jules Kroll, who is married and has three children, is known for his philanthropic activities, particularly in the field of education. He has donated millions of dollars to institutions such as Georgetown University and the New York University School of Law.
Net Worth
Jules Kroll’s net worth is estimated to be around $2 billion. He earned much of his wealth through the sale of Kroll Inc.
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FAQs
Q: He became well-known for founding Kroll Inc, a global risk consulting firm that he sold to Marsh & McLennan in 2004.What is Jules Kroll known for?
A: He became well-known for founding Kroll Inc, a global risk consulting firm that he sold to Marsh & McLennan in 2004.
Q: What is net worth?
A: He net worth is estimated to be around $2 billion.
Q: What are some notable cases that Jules Kroll was involved in?
A:He investigated the bankruptcy of Enron, uncovered the accounting scandal at WorldCom, and exposed the allegations of fraud and corruption at Tyco International.
Q: What philanthropic activities is Jules Kroll known for?
A: He is known for his philanthropic activities in the field of education. He has donated millions of dollars to institutions such as Georgetown University and the New York University School of Law.
Q: What is K2 Global Consulting?
A: K2 Global Consulting is a risk consulting and investigations firm founded by Jules Kroll after he sold Kroll Inc. to Marsh & McLennan in 2004.
Conclusion:
Jules Kroll is a remarkable businessman who has had a significant impact on the field of corporate investigations. His work has helped to uncover fraud and corruption in some of the world’s largest corporations, and his legacy continues to inspire others in the field.