Net Worth: $2.5 Billion
- Source of Wealth Hedge Funds
- Birth Place New York, United States
- Marital Status Married (Kinga Lampert)
- Full Name Edward S. Lampert
- Nationality United States
- Date of Birth July 19, 1962
- Ethnicity Caucasian
- Occupation Businessman
- Education Yale University
- Children 3
About Edward Lampert
American investor and businessman Edward Lampert has an estimated net worth of $2.5 billion as of April 2016, according to Forbes. He currently serves as Sears Holdings Corporation (SHLD)’s Chairman. In addition to being the founder, Edward Lampert also sits as the Chief Executive Officer and Chairman of the Board of ESL Investments. From July 1999 to October 2006, he served as AutoZone, Inc.’s director. He also worked for AutoNation, Inc as the company’s director until May 2007.
Edward Lampert was born on July 19, 1962 in Roslyn, New York. In 1984, he graduated from Yale University with a degree in Economics as summa cum laude. He is currently married to Kinga Lampert with whom he has three children.
After graduation, he worked for Goldman Sachs. Four years later, he left the company to establish ESL Investments which was based in Greenwich, Connecticut. With the help of Richard Rainwater who gave him a seed money amounting to $28 million, as well as helping him meet clients like David Geffen, ESL Investments was finally formed. Eventually, he played a major role in the merging of Sears and Kmart which led to the formation of Sears Holdings.
In 2004, he earned an annual income of $1.02 billion making him the first Wall Street financial manager to have earned over $1 billion income in a single year. In 2006, he was named as the wealthiest person in Connecticut with his $3.8 billion net worth.