The Denver Nuggets and Colorado Avalanche franchises are currently owned by his wife, Ann Walton Kroenke, to satisfy NFL ownership restrictions that forbid a team owner from owning teams in other markets. Ann is the daughter of Walmart co-founder James "Bud" Walton.
Kroenke grew up in Mora, Missouri, an unincorporated community with a population of approximately two dozen, where his father owned Mora Lumber Company. His first job was sweeping the floor at his father's lumber yard. By age 10 he was keeping the company's books. In a September 2011 interview with The Telegraph newspaper, Kroenke said he was lucky — both while growing up and later in life — to be surrounded by family and friends who saw the value of attaining a good education, which he said contributed to his success. At Cole Camp (Missouri) High School, he played baseball, basketball and ran track.