Edward Lampert
Name: Edward Lampert
Real Name: Eddie Lampert
Occupation: Investments
Gender: Male
Birth Day: July 19, 1962
Age: 58
Birth Place: Miami Beach, Florida, United States
Zodiac Sign: Leo

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Edward Lampert

Edward Lampert was born on July 19, 1962 in Miami Beach, Florida, United States (58 years old). Edward Lampert is an Investments, zodiac sign: Leo. Nationality: United States. Approx. Net Worth: $600 Million. With the net worth of $600 Million, Edward Lampert is the #1339 richest person on earth all the time in our database.

Net Worth 2020

$600 Million
Find out more about Edward Lampert net worth here.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Tracey Lamper Siblings N/A N/A N/A
#2 Kinga Lampert Spouse N/A N/A N/A

Physique

Height Weight Hair Colour Eye Colour Blood Type Tattoo(s)
N/A N/A N/A N/A N/A N/A

Biography

Biography Timeline

1962

Lampert was born in 1962 to Dolores Lampert and Floyd M. Lampert. He is Jewish. His mother was a housewife. His father was a senior partner in the law firm of Lampert & Lampert in New York City. He has a younger sister Tracey. Lampert's grandmother was a passive investor and a fan of Louis Rukeyser's Wall Street Week television program. She instilled in him an interest in investing. His mother would later recall that young Eddie would sit with his grandmother reviewing and evaluating the performance of her stock picks in the daily newspaper.

1984

Lampert's father died and his mother took a job as a clerk at Saks Fifth Avenue. His mother would later say: "Eddie really assumed the responsibility, knowing that life had changed and we had to accomplish something by ourselves now." In order to help support his family, Lampert worked after school and on weekends at various warehouses, stocking shelves and filling orders. Despite working, he earned good grades, played both soccer and basketball, and won the scholar athlete award at his high school. He received financial aid to help pay for college. Lampert graduated from Yale University in 1984 (B.A., economics, summa cum laude), where he was a member of Skull and Bones and Phi Beta Kappa.

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. While there, he worked directly with Robert Rubin. When Lampert decided to go out on his own, Rubin warned him it would be a bad career decision.

1988

In April 1988, Lampert left the bank to form ESL Investments, based in Greenwich, Connecticut (the name ESL derives from Lampert's initials). Richard Rainwater, whom Lampert had met on Nantucket Island, gave him $28 million in seed money and introduced him to clients, such as David Geffen.

2001

In 2001, Lampert married Kinga Keh, an attorney with whom he has three children. They own houses in Indian Creek Village, Florida, in Aspen, Colorado, and in Greenwich, Connecticut (designed by the architect Michael Dwyer and the interior designer Rose Tarlow). The couple are active members of their local Chabad house.

2003

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

2004

Lampert's earnings in 2004 were estimated to be $1.02 billion, making him the first Wall Street financial manager to exceed an income of $1 billion in a single year. In 2006, Lampert was featured on the Time 100 list for most influential people in the world for being one of the "brightest minds on Wall Street" and leading a new class of activist hedge funds. Lampert was the richest person in Connecticut in 2006 with a net worth of $3.8 billion.

2012

In March 2012, Lampert was No. 367 on the Forbes world wealthiest people list with a net worth of $3.1 billion. By August, 2016, Lampert had fallen to No. 810 on the list, with a net worth of $2.2 billion.

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

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. Early in the year, he committed to providing an additional loan of $500 million to Sears and said he would provide letters of credit to Sears for additional amounts, reportedly totaling $200 million and possibly increasing to a half billion dollars in the future.

2018

On October 15, 2018, Lampert stepped down as CEO of Sears Holdings, while remaining Chairman of the Board, as part of Sears Holdings bankruptcy actions. On December 6, 2018 Lampert, through his company ESL Investments, offered to buy all of Sears for $4.6 billion dollars in cash and stock. The offer would be financed by $950 million in added debt, but no additional cash. Five hundred stores remain in operation; the remainder are in liquidation. According to a company filing, Lampert stepped down as chairman of Sears Holdings Corp on February 14, 2019.

2019

In January 2019, a group of Sears' creditors hoping to persuade a federal judge to force Sears to liquidate alleged that Lampert had orchestrated a "multiyear and multifaceted scheme" to strip away the company's assets and benefit from its decline.

🎂 Upcoming Birthday

Currently, Edward Lampert is 59 years, 2 months and 9 days old. Edward Lampert will celebrate 60th birthday on a Tuesday 19th of July 2022.

Find out about Edward Lampert birthday activities in timeline view here.

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