Jules B. Kroll
| Jules B. Kroll | |
|---|---|
| Born |
May 18, 1941 Bayside, Queens |
| Nationality | United States |
| Education | B.A. Cornell University J.D. Georgetown University Law Center |
| Known for | Founder of Kroll Bond Rating Agency and K2 Intelligence |
| Spouse(s) | Lynn Corda |
| Children | Jeremy Kroll Nick Kroll Dana Kroll Vanessa Kroll Bennett |
Jules B. Kroll (born May 18, 1941) is an American businessman whose company, Kroll, Inc., is credited with founding the modern corporate investigations industry, in 1972. In 2004 Kroll was sold to Marsh & McLennan Companies for $1.9 billion.
In 2009, Kroll founded two successor firms, Kroll Bond Rating Agency (KBRA) and K2 Intelligence. KBRA is the first bond rating agency formed since the financial crisis of 2007–08. K2 Intelligence, run by Kroll's son Jeremy continues the family's work in asset recovery, due diligence, litigation support, and a range of corporate investigations.
Jules Kroll was born to a Jewish family on May 18, 1941, in Bayside, Queens. His father ran a printing business that was subject to graft and demands for kickbacks from purchasing agents. Kroll attended Cornell University, where he was a member of Quill and Dagger, and Georgetown University Law Center.
In 1968, he worked for Robert F. Kennedy's presidential campaign in Queens before becoming an Assistant District Attorney in Manhattan. When his father fell ill, Kroll took a leave of absence to run the family business, which eventually became a three-year introduction to business corruption. With this experience under his belt, in 1972 he launched J. Kroll Associates, which eventually turned into Kroll, Inc. The business involved rooting out corruption in companies that did lots of printing, with Kroll keeping a percentage of the savings. A deal with Marvel Comics proved so profitable to both sides that Marvel switched to paying a retainer.
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