Kralj was born in Zagreb to a Serb family from Banija. During World War II his family fled to Syrmia, where he grew up. He graduated from a gymnasium in Novi Sad and studied acting at the Belgrade University. He started his acting career at Atelje 212 theater. Kralj had appeared on stage about 3,000 times, and starred in over 200 films, TV series and TV films gaining huge popularity as one of the most recognizable Serbian actors. In December 2000, he was ranked eighth in the Serbian newspaper Večernje novosti in the "Best Serbian Actors and Actresses of the 20th Century" list. In 2005, he played lead role in first Serbian science fiction television series The Collector.
- "Umro Petar Kralj" (in Serbian). Serbian Cafe. 10 November 2011. Retrieved 10 November 2011.
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