Henry Kravis, 63, has long been the most recognisable face of the private equity world.

Born and raised in
Oklahoma, where his father Raymond was as an oil engineer, Mr Kravis attended
college in California before making his way to Bear Stearns.

Mr Kravis, who founded KKR in 1976 alongside his first cousin George Roberts, was a pioneer of leveraged buy-outs in the 1980s, when many deals were being financed with Drexel Burnham Lambert’s controversial “junk bonds”.

Today his net worth is estimated to be about $2.5bn.

Along with his wife, Marie-Josée Kravis, an economist, he is prominent in Manhattan social and philanthropic circles.

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