How Jay Krehbiel Turned a Family Fortune into an Art-Preserving Legacy
With an inherited fortune of $1.2 billion, Jay Krehbiel could have chosen to live a life of luxury. Instead, he embarked on a journey to protect and preserve priceless works of art for future generations.
The Krehbiel Family’s Legacy
Krehbiel’s wealth is rooted in his family’s business success. His grandfather, Frederick A. Krehbiel, founded the technology manufacturing firm Molex in 1938. [https://en.wikipedia.org/wiki/Molex] By 2013, when the family sold Molex for a staggering $7.2 billion, [https://www.chicagotribune.com/business/ct-koch-buys-molex-0720-20130719-story.html] Jay inherited a substantial portion of this wealth, establishing the foundation for his philanthropic endeavors.
Jay Krehbiel’s Business Acumen
Beyond his family inheritance, Krehbiel has proven to be a successful entrepreneur in his own right. He is the President of his family’s investment firm, KF Partners, and the CEO of Hindman Auctions, a leading auction house specializing in fine art, furniture, and jewelry. [https://www.hindmanauctions.com/] Krehbiel’s business acumen has not only added to his wealth but has also provided him with a platform to support his passion for art preservation.
Preserving Art for Posterity
Krehbiel is a passionate advocate for the preservation and restoration of art. He believes that these works hold significant cultural and historical value, and is committed to safeguarding them for future generations. Through KF Partners, he supports organizations dedicated to protecting art collections from deterioration.
Furthermore, as the CEO of Hindman Auctions, Krehbiel has lent his support to initiatives that promote art accessibility and education. Hindman is known for its specialized sales and collaborations with museums, enabling wider public engagement with art.
The Krehbiel Legacy
Jay Krehbiel’s story is a testament to the transformative power of inherited wealth. Rather than using his fortune for personal gain, he has chosen to make a lasting impact by ensuring the preservation and appreciation of art. Through his philanthropy and business ventures, Krehbiel is leaving an enduring legacy that will enrich generations to come.