Kraft Foods is one of America’s most recognized food brands, now operating under The Kraft Heinz Company, a global food and beverage corporation. The company is headquartered in both Chicago, Illinois, and Pittsburgh, Pennsylvania. It is known for its iconic products such as Kraft Mac & Cheese, Kraft Singles, Philadelphia Cream Cheese, Jell-O, and Heinz Ketchup.
The Kraft Heinz Company was formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company, creating one of the world’s largest food companies. It trades on the NASDAQ under the ticker symbol KHC.
Founded originally in 1903 by James L. Kraft, the Kraft name has remained synonymous with trusted household food products. Over the decades, Kraft has expanded globally and currently serves millions of consumers across more than 40 countries. As of 2025, the company is led by Carlos Abrams-Rivera, who became CEO and Chairman earlier this year.
Ownership Status of Kraft (Foods)
There is no single private owner of Kraft Foods. Since Kraft operates under The Kraft Heinz Company, a publicly traded corporation, ownership is shared among institutional investors, mutual funds, and individual shareholders. The company’s shares are freely traded on the open market, and ownership proportions may shift based on trading activity and regulatory filings such as 13D and 13F forms.
About The CEO Carlos Abrams-Rivera
Carlos Abrams-Rivera is a seasoned executive in the food industry, currently serving as the Chief Executive Officer of The Kraft Heinz Company. Born and raised in Puerto Rico, he embarked on his professional journey by earning a degree in economics from the University of Puerto Rico. He later pursued an MBA from the University of Michigan’s Ross School of Business. His career spans over two decades, with significant roles at companies like Kraft, Mondelēz, and Campbell Soup Company. In 2024, he was appointed CEO of Kraft Heinz, succeeding Miguel Patricio.
Major Shareholders
| Shareholder / Entity | Ownership Percentage | Notes |
|---|---|---|
| Berkshire Hathaway Inc. | ~26–27% | Warren Buffett’s firm remains the largest shareholder. |
| Vanguard Group Inc. | ~5% | Holds shares through multiple index funds. |
| BlackRock Inc. | ~4% | Owns a significant passive investment stake. |
The remaining shares are held by other institutional investors, mutual funds, and retail shareholders.
Key Shareholder Highlights
Berkshire Hathaway, led by Warren Buffett, has been the most influential shareholder in Kraft Heinz since the 2015 merger between Kraft Foods Group and Heinz. Initially, the merger deal was co-sponsored by 3G Capital—a Brazilian private equity firm—and Berkshire Hathaway, giving them joint control over the new entity.
While Berkshire Hathaway still owns around 27% of the company, its representatives have stepped down from the Kraft Heinz board, reducing direct governance involvement. Other large institutional investors such as Vanguard and BlackRock maintain smaller but stable holdings through passive index funds.
These shareholders collectively play a key role in shaping Kraft Heinz’s long-term corporate strategy and governance.
Recent Developments in Ownership
In 2025, The Kraft Heinz Company announced a major corporate restructuring plan to split into two independent businesses by 2026. One company will focus on its North American grocery brands (like Kraft, Oscar Mayer, and Lunchables), while the other will focus on global “taste elevation” products such as Heinz sauces and Philadelphia cream cheese.
The decision aims to unlock shareholder value and accelerate growth by allowing each company to pursue distinct strategies. This move could potentially alter ownership proportions once the separation is complete, depending on how shares of the two companies are distributed among existing investors.
Berkshire Hathaway is expected to remain a key shareholder during and after this transition, although analysts suggest it might gradually reduce its stake over time.
FAQs
1. Who is the current owner of Kraft Foods?
There is no single owner. Kraft operates under The Kraft Heinz Company, which is publicly owned. The largest shareholder is Berkshire Hathaway, followed by Vanguard and BlackRock.
2. Is Kraft Foods publicly traded or privately owned?
It is publicly traded on the NASDAQ under the ticker symbol KHC.
3. Who founded Kraft Foods?
Kraft Foods was founded by James L. Kraft in 1903 in Chicago, Illinois.
4. Has the ownership changed recently?
Yes. In 2025, Kraft Heinz announced plans to split into two separate companies by 2026, which will reshape ownership distribution among existing shareholders.
5. What is Carlos Abrams-Rivera’s net worth?
As of October 2025, Carlos Abrams-Rivera’s estimated net worth is at least $18.6 million, primarily derived from his holdings in Kraft Heinz Co.
6. Who is Carlos Abrams-Rivera’s wife?
Carlos is married to Nancy Abrams-Rivera, whom he met during his tenure at Kraft. They have two daughters and reside in suburban Chicago.
7. What is Carlos Abrams-Rivera’s annual salary?
In 2024, Carlos Abrams-Rivera received a total compensation of $8,999,384 as CEO of Kraft Heinz, which includes a base salary of $1,100,000.
8. What is Carlos Abrams-Rivera’s religion?
While specific details about his religious beliefs are not publicly disclosed, Carlos has emphasized the importance of health and wellness in his life. He adheres to a daily fitness regimen and practices mindfulness, which reflects his commitment to personal well-being.
9. How old is Carlos Abrams-Rivera?
Carlos Abrams-Rivera was born in 1967, making him 58 years old as of 2025.
10. Where can I find Carlos Abrams-Rivera’s Wikipedia page?
Carlos Abrams-Rivera does not have a dedicated Wikipedia page. However, information about him can be found on various business and news websites, including his LinkedIn profile.
11. Can you provide a brief bio of Carlos Abrams-Rivera?
Carlos Abrams-Rivera is a Puerto Rican-born executive with over 25 years of experience in the food industry. He has held leadership positions at Kraft, Mondelēz, and Campbell Soup Company. In 2024, he became the CEO of Kraft Heinz, where he continues to drive the company’s growth and transformation.
12. What is Carlos Abrams-Rivera’s nationality?
Carlos Abrams-Rivera is of Puerto Rican descent and holds American nationality.
13. Can you tell me about Carlos Abrams-Rivera’s family?
Carlos Abrams-Rivera is married to Nancy Abrams-Rivera, and they have two daughters. They live in suburban Chicago, balancing their professional and personal lives.
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