Edward Scott Lampert is an American investor and businessman who was CEO and Chairman of Sears Holdings (SHLD), founder of Transform Holdco LLC, and founder, chairman and CEO of ESL Investments. He was a director of AutoZone, Inc. from July 1999 to October 2006. He was a director of AutoNation until May 2007.
Fast facts
| Famous name: | Eddie Lampert |
| Real name/Full name: | Edward Scott Lampert |
| Sex: | Male |
| Age: | 60 years old |
| Date of birth: | July 19, 1962 |
| Birth place: | New York City |
| Nationality: | American |
| Height: | 1.73 m |
| Weight: | 73 kg |
| Sexual orientation: | Straight |
| Marriage status: | Married |
| Wife/spouse (name): | Kinga Lampert |
| Children/children (son and daughter): | That |
| Date/Girlfriend (Name): | ON |
| Is Eddie Lampert Gay?: | Not |
| Profession: | businessman and investor |
| Salary: | $4,334,739 |
| Net worth in 2023: | 1.5 billion dollars |
Biography of Eddie Lampert
Eddie Lampert was born in 1962 to Dolores Lampert and Floyd M. Lampert, a homemaker and senior partner at the Lampert & Lampert law firm in New York. Lampert also has a younger sister named Tracey. Lampert’s grandmother, a passive investor and a big fan of Louis Rukeyser’s Wall Street Week television program, piqued his interest in investing. Unfortunately, his father passed away, forcing his mother to work as a clerk at Saks Fifth Avenue. Lampert also worked at various warehouses after school and on weekends to help support his family. He was getting good grades even though he was working. As a result, he received financial aid to pay for college. Lampert graduated summa cum laude in economics from Yale University in 1984.
Eddie Lampert Age, Height, Weight
Eddie Lampert was born on July 19, 1962, and will be 60 years old in 2023. He is 1.73 meters tall and weighs 73 kilograms.
Career
Lampert began as an intern at Goldman Sachs in July 1984 and worked in the firm’s risk arbitrage division from March 1985 to February 1988.
Lampert founded ESL Investments in Greenwich. April 1988. His investment style has been compared to that of financier Warren Buffett.
In 2004, his earnings were estimated at $1.02 billion, making him the first Wall Street financial manager to earn more than $1 billion annually.
In 2006, Lampert was named to the Time 100 list of the world’s most influential people for being one of the “brightest minds on Wall Street” and a pioneer of a new class of activist hedge funds. In 2006, Lampert became the richest person in Connecticut, with a net worth of $3.8 billion.
He was chastised by employees and corporate staff for “cutting” his employees at department meetings and “being out of touch with reality.” During his tenure as CEO, Sears lost roughly half of its value in five years and closed more than half of its brick-and-mortar stores.
Lampert resigned as CEO of Sears Holdings on October 15, 2018, but remained chairman of the board. Lampert resigned as chairman of Sears Holdings Corp on February 14, 2019, according to a company filing.
In January 2019, a group of Sears creditors alleged that Lampert orchestrated a “multi-year and multi-layered scheme” to steal the company’s assets and profit from its decline in order to convince a federal judge to order Sears into liquidation.
Achievements and awards
Unfortunately, there is no list of nominations and awards he received.
Eddie Lampert Net Worth in 2023
Institutions once praised Lampert for his massive net worth and predicted he would be the next Warren Buffett. His net worth is around $1.5 billion in November 2023, down from $3.1 billion in 2012. The reason for this drop is unknown. Lampert’s net worth primarily stems from his business career. However, he was castigated for being the cause of Sears’ poor performance.
Lampert got his career off to a good start, which seemed to pay off. He even topped the list of world billionaires. Furthermore, the world praised him for his enormous success and predicted that he would be the next Warren Buffet. However, despite the promotions, he struggled in his career and his fortunes declined. So far, things seem to have stabilized and he will increase his wealth significantly in the future.
Wife of Eddie Lampert, Marriage
Lampert married Kinga Keh in 2001 and has three children with her. The couple are active members of their local Chabad house. They own homes in Indian Creek Village, Florida, Aspen, Colorado, and Greenwich, Connecticut, among other places. Lampert owns Fountainhead, an 87.78 m (288 ft) motor luxury yacht.
Categories: Biography
Source: HIS Education