Pete Kadens Net Worth

Written by Ivana - Reviewed by Emilija Business Leaders

5 min read
Net Worth $ 20,000,000
Real name Pete Kadens
Source of Wealth Business ownership, entrepreneurship and philanthropy
Profession Businessman, entrepreneur, founder, CEO, chairman
Spouse/Partner Married to Amy Robbins Kadens
Date of Birth Jan 1, 1978
Zodiac Capricorn
Age 45
Gender Male
Pronoun He/Him
Height 177 cm / 5 ft 9 inch
Nationality American

Biography

Pete Kadens [1]is an American serial entrepreneur, philanthropist, and accomplished businessman. He has founded and served as a CEO or chairman of many companies in his 17+ years career, employing thousands of people.

Currently, Kadens is the Chairman of the Kadens Family Foundation, a philanthropic organization dedicated to closing the widespread wealth and education gaps in the United States.

Kadens became popular after appearing on the television program 60 Minutes [2] . His net worth is estimated at $20 million.

Early life

There is no precise data regarding Pete Kadens’s birth date and place. Some sources claim he was born in 1978, and some state he was born a year later, in 1979. Some sites report he was born in Chicago, Illinois, and some sources write his birthplace is Toledo, Ohio.

There are also no details regarding his family and siblings. Nevertheless, his education is publicly known. Pete attended Ottawa Hills High School and graduated from Bucknell University.

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Career

After graduating, Pete started working in sales and finance. He quickly moved up the corporate world and became the president of the National Association of Sales Outsourcers. In 2004 he opened his first company - Acquirent, a dedicated outsourced sales company.

In 2008, Pete started SoCore Energy, a leader in the commercial solar industry [3] . SoCore Energy grew into a multimillion-dollar solar company and expanded in 17 states. It was proclaimed as one of Chicago's most innovative businesses by the Chicago Innovation Awards.

From the middle of 2016 until the end of December 2017, Pete was the Board Director of the Marijuana Policy Project (MPP) - a non-profit organization dedicated to ending the war on drugs by creating laws and initiatives to legalize marijuana.

Continuing in the same industry, Kadens became the co-founder and CEO of Green Thumb Industries (GTI), which is one of the largest legal marijuana production companies in the world, with a market capitalization of over $6 billion. After the company went public in 2018, Pete retired from his position.

This engagement led to Kadens being named one of the Marijuana Business Daily Magazine’s “20 People to Watch”.

From 2018 until 2020, Pete was a member of the Board of Directors at the Cannabis Trade Federation, after which he served as Founder and Chairman of Azenity Labs.

The longest-standing venture Pete Kadens has been involved in is StreetWise Inc, a homeless agency that helps people on the verge of homelessness with self-employment. Pete was the Vice Chairman, Chairman, and eventually Chairman Emeritus in 2019.

Throughout his career, Pete has been dedicated to creating organizations that improve people’s lives and give back to the community.

Check out the net worth is David Friedberg, CEO of The Production Board (TPB).

In 2018, Pete founded the HOPE (Helping Our Population Educate) organization that helps students from disadvantaged families and underserved communities attend college or trade school by providing tuition. He first opened HOPE in his home town Toledo, Ohio, but later expanded it to Chicago in 2021, naming the expansion HOPE Chicago.

In a most recent example, Pete covered tuition and college expenses for 30,000 Chicago high school students. [4]

In the interview with 60 minutes, Kadens stated that he feels guilty that he’s been able to create such wealth, and at the same time, he lives in the richest country in history that hasn’t found a way to educate all the children. This creates a vast financial and educational gap between communities.

Pete is a regular speaker at tech, innovation, and sustainable energy and mobility events.

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Honors and achievements

Kadens was awarded the Distinguished Alumnus for Citizenship in 2010 by his alma mater, Bucknell University. He was named one of Crain’s Chicago Business40 Under 40” in 2012 and The Catalyst Man of the Year by Streetwise in 2015.

He was listed as one of the Marijuana Business Daily Magazine’s “20 People to Watch” in 2018.

In 2019, Pete received the Henry Crown Fellow at the Aspen Institute, a fellowship that accepts only about 20 individuals that have created ventures that solve society’s intractable problems.

He was also awarded the Trailblazer Chicago Award by The Cara Program in 2019.

Personal life

Pete Kadens married his high school sweetheart, Amy Robbins Kadens. They met in Toledo. Pete and Amy have three children.

The couple shares a strong sense of empathy and will to help the less fortunate. Pete and Amy founded the Michael and Judith Kadens Scholarship for Diversity in Legal Practice Fund [5] , which benefits the students at The University of Toledo’s College of Law.

The fund is in honor of Pete’s father, Michael Kadens, a professor emeritus at Toledo Law. According to Pete, thanks to his father’s position as a professor at UToledo, he could travel to countries abroad and see the world through different lenses.

Conclusion

Pete Kadens is an American businessman, serial entrepreneur, and philanthropist. He became famous after he appeared in an episode of 60 Minutes after his organization Hope Chicago covered tuition and college expenses for 30,000 Chicago high school students.

Pete is currently the Chairman of The Kadens Family Foundation, Founder and Evangelist at Hope, and Founder and Chairman of Hope Chicago. His net worth is estimated at $20 million.

References

  1. Pete Kadens - founder and co-chairman - hope chicago | linkedin (no date). Available at: https://www.linkedin.com/in/petekadens (Accessed: November 14, 2022).

  2. Minutes, 60 (2022) "you will go to college for free!"Pete Kadens, a Chicago millionaire who retired at 40, created a charity called hope Chicago that will pay for in-State College tuition, room and board, and books for 30,000 Chicago High School students. https://t.co/1ph7g31lyu PIC.TWITTER.COM/MMOAU1G1EI, Twitter. Twitter. Available at: https://twitter.com/60minutes/status/1558957137375666177 (Accessed: November 14, 2022). 

  3. Pete Kadens Biography (no date) The University of Toledo. Available at: https://www.utoledo.edu/business/center-for-continuous-improvement/docs/Pete%20Kadens%20Biography%202021.pdf (Accessed: November 14, 2022). 

  4. Hope chicago: Charity sending students from Chicago High Schools to college for free (no date) CBS News. CBS Interactive. Available at: https://www.cbsnews.com/news/hope-chicago-free-college-students-parents-60-minutes-2022-08-14/ (Accessed: November 14, 2022). 

  5. $1 million gift seeks to further diversify legal ranks: Utoledo News (2021) UToledo News | The University of Toledo News. Available at: https://news.utoledo.edu/index.php/09_16_2021/1-million-gift-seeks-to-further-diversify-legal-ranks (Accessed: November 14, 2022).