Key Sentence:
- Scott Nuttle and Joe Be, heirs to Henry Kravis and George Roberts as co-managers of private equity giant KKR.
Have been at the parallel top of the company for a quarter of a century and have been generously rewarded with shares and interest payments in progress.
According to, Nuttall and Bae are already billionaires, with Nuttall boasting an estimated $1.2 billion and Baes’ net worth of $1.1 billion. The two men were named as the second pair of managers with KKR, effective immediately in Monday’s press release. With Kravis and Roberts stepping down for the $430 billion (assets) company they shared with Jerome in 1976 Kohlberg. According to Forbes, Roberts, 78, worth $9.1 billion and Kravis, 77, is worth $8.6 billion.
A TRC spokesperson would not comment on the assessment.
Nuttall and Bae, a generation younger, joined KKR in their early twenties in 1996. After spending brief stints at Blackstone and Goldman Sachs, respectively. The two were elect co-chairs in 2017, confirming the company’s succession plans.
“We spent most of our careers at New KKR Co-Executive because Henry and George were visionaries who not only shaped the business world. But created an extraordinary company,” Nuttall and Bae said in a joint statement. “We are fortunate to learn from and be mentor. And inspired by two of the world’s most innovative investors of all time.”
Nuttle, 48, rose to New KKR Co-Executive to lead its global capital and asset management division and lead its 2010 IPO. He also served on the board from directors of financial services firm Fiserv following its $22 billion acquisition of First Data Corp., backed by KKR, in 2019. Bae, 49, is responsible for its expansion in Asia and serves in all parts of it. Private market investment board.
The two promotions for men in 2017 provided great rewards for promotions and incentive packages.
Both received 6.35 million shares or the equivalent of the KKR group partnership unit in November 2017. With annual contributions until 2022. They were give a pledge of an additional 2.5 million shares. If KKR shares were closed for ten consecutive trading days before the end of the year. The year closed over 40 in 2022. The indicator was removed in January this year – KKR’s stock has doubled since early 2020 and is now trading at $65.