Josh Kraft made $6.3 million last year, campaign summary says

Boston mayoral candidate Josh Kraft earned $6.3 million in 2024, and nearly $6.5 million in 2023, according to a summary released by his campaign Friday.

The disclosure comes after days of pressure to release his tax returns by Boston Mayor Michelle Wu; Kraft recently said he has filed for an extension on his taxes and that he would release records before the September mayoral preliminary election. It's unclear if he will release the actual tax returns.

The new document was prepared by the audit firm Ernst & Young, which is handling Kraft’s taxes. Kraft is the son of billionaire Robert Kraft, owner of the New England Patriots.

Kraft did not provide the sources of the $6.3 million. The campaign said he received a salary as president of the New England Patriots Foundation in 2023 and 2024. But that pay is not disclosed in the latest tax filing for the foundation. According to that filing, the Patriots Foundation was modest in size, with total assets of $5.4 million.

The campaign said Kraft “has no financial relationship with the Kraft Group other than through a blind trust of which he has no control over.”

The record shared Friday said he paid $2.1 million in federal taxes last year, plus $510,000 in state taxes. He made charitable contributions of $269,000.

In 2023, he paid $1.8 million in federal taxes and $358,000 in state taxes. He made $297,000 in charitable contributions.

In a statement, the campaign said Kraft was "providing an accurate picture of his personal finances based on the past two years of tax filings, including total annual income and charitable donations, as well as state and federal income tax payments. In fact, the information being shared today is far beyond what is legally required of a candidate."

The statement added, "Josh has been clear with the public that he was born into privilege, and that his family’s success has allowed him to pursue a career of community service and non-profit work, primarily in the neighborhoods of Boston."

Kraft stepped down from his role as head of the Boys & Girls Clubs in 2020, where he earned $333,000, and after that was working for the Kraft family's philanthropies.

Since announcing his mayoral run in February, he’s put $2 million of his own money into his campaign.

Wu, who released her tax returns in May, made just over $184,000 in gross income last year, nearly all from her city salary.

In a video posted to Instagram last week, Wu criticized Kraft for “keeping Boston voters in the dark” about his financial information. Her campaign did not immediately respond to a request for comment Friday.

This is a developing story and will be updated.