Edward Lampert’s profile picture

Edward Lampert

Founder, ESL Investments Inc.
Edward Lampert’s profile picture
Net worth 2018: $1.57 Billion
Industry: Investments
Residence: Miami Beach, Florida
Country: United States
BirthDay: 19 July 1962
Sigh: Leo
Children: 3
Education: Bachelor of Arts / Science, Yale University
BIOGRAPHY

Edward Lampert was bornon 19 July 1962 in Miami Beach, Florida, United States, is Founder, ESL Investments Inc.. Edward Lampert is #1443 in List Billionaires People In The World. After a stint at Goldman Sachs' risk arbitrage department, Lampert founded hedge fund ESL Investments in 1988, betting on undervalued stocks. Lampert took over struggling retail giant Sears Holdings (Sears, Kmart, Kenmore) as CEO in 2013, but the company's stock has tumbled since then. In the first 10 months of 2017, his ESL Investments promised Sears nearly $1 billion in loans. Struggling with declining sales, Sears announced in July 2017 that it would start selling its line of Kenmore-branded appliances on Amazon.

NET WORTH STATISTIC
2009

$2.5 Billion

2010

$3.1 Billion

2011

$3 Billion

2012

$3.2 Billion

2013

$2.9 Billion

2014

$3.1 Billion

2015

$2.7 Billion

2016

$2.3 Billion

2017

$2.1 Billion

2018

$1.57 Billion

TIMELINE
2017

In early 2017, Lampert, then president, chief executive officer and top shareholder of Sears Holdings, was estimated to have personal assets of $2 billion, primarily in the hedge fund ESL Investments Inc

2016

In July 2016 he held 28% of shares in Sears Holdings Corp worth of approximately $408 million

2013

In January 2013, it was announced that Lampert would take over as chief executive officer at Sears after Louis D'Ambrosio stepped down due to family health matters, which took effect in May 2013

2007

Until May 2007 he was a director of AutoNation, Inc

2006

Lampert's earnings in 2006 were estimated to be from $1

2003

In 2003, Lampert was kidnapped from the parking lot of his Greenwich office, but was able to convince his captors to let him go after two days of captivity

2001

In 2001, he married Kinga Lampert and they have three children

1988

In April 1988, Lampert left the bank to form ESL Investments, based in Greenwich, Connecticut (the name ESL derives from Lampert's initials)

1984

In July 1984, Lampert worked as an intern at Goldman Sachs, and then worked in the firm's risk arbitrage department from March 1985 to February 1988

1962

Lampert was born in 1962 to Dolores Lampert and Floyd M

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