Edward Lampert
Founder, ESL Investments Inc.
$2.14B
as of 10/04/24
About Edward Lampert
After a stint at Goldman Sachs' risk arbitrage department, Edward Lampert founded hedge fund ESL Investments in 1988, betting on undervalued stocks.
He took over as CEO of struggling retail giant Sears Holdings (Sears, Kmart, Kenmore) in 2013 with hopes of a turnaround, but failed miserably.
Lampert's ESL Investments promised Sears nearly $1 billion in loans in the first 10 months of 2017.
In October 2018, Sears Holdings filed for Chapter 11 bankruptcy and announced that it would close 142 Sears and Kmart stores.
In January 2019 Lampert won an auction to keep the company, with a reported bid of more than $5 billion.
Personal stats
Citizenship
United States of AmericaSource of wealth
SearsResidence
Miami Beach, FloridaMarital status
MarriedBirth date
07/19/62 (age 62)Number of children
3Education
Bachelor of Arts/Science, Yale UniversitySelf-made
self-madeEdward Lampert’s fortune is worth
36K
troy ounces of gold
33K
median U.S. household
21K
median U.S. income
0.043%
U.S. credit card volume
0.009%
GDP of the United States
0.006%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
A graduate of Yale University, he was a part of the secret society Skull and Bones, whose alumni include former presidents George H.W. Bush and George W. Bush.
Net worth over time
Real-time ranking
Financial assets
NYSE | AN-US
AutoNation Inc.NASDAQ | LE-US
Lands' EndUS OTC | SHLDQ-US
Sears Holdings Corp.NYSE | SRG-US
Seritage Growth PropertiesImages © Forbes.com. All rights reserved.