Edward Lampert Net Worth is$3.1 Billion
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Profession: Entrepreneur, Businessperson, Investor, Financier
Date of Birth: Jul 19, 1962
Nicknames: Edward S Lampert, Eddie Lampert
Country: United States of America
Edward Lampert net worth: Edward Lampert's net worth is $3.1 billion dollars which makes him one of the richest people in Connecticut. Born in Roslyn, New York, Edward Lampert worked throughout his school years after his father passed away, and his family fell on hard times. He earned excellent grades, and eventually graduated from Yale University with a degree in Economics. After graduating, he interned at Goldman Sachs, before becoming a full member of their risk arbitrage department. He left Goldman Sachs in the late 80s to go out on his own, and, with a $28 million investment from Richard Rainwater, launched ESL Investments in Connecticut. He is currently the CEO and President of ESL. He is most widely recognized as the Chairman of Sears Holding Corporation, which was created when he merged Sears and KMart. The majority of his investments are in the retail sector. He has also served as the director of AutoZone, Inc., and he is the former director AutoNation, Inc., as well.
Edward S. "Eddie" Lampert (born July 19, 1962) is an American businessman and investor. He is the chairman of Sears Holdings Corporation (SHLD) and founder, chairman, and CEO of ESL Investments. Until May, 2007 he was a director of AutoNation, Inc. He previously served as a director of AutoZone, Inc. from July 1999 to October 2006.
Lampert was born in 1962 to Dolores Lampert and Floyd M. Lampert. 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 big 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 paper.
Lampert's father died at the age of 47 leaving the family impoverished and forcing his mother to take 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, Eddie worked after school and on weekends at various warehoues, 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.
In April 1988, Lampert left the bank to form ESL Investments, b

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Edward Lampert Latest News

Famous Investor Continues Large Insider Buying: Lands’ End, Cree, Alnylam Pharmaceuticals, Cheniere Energy and More

A well-known investor was buying Lands’ End Inc. (NASDAQ: LE) shares last week. Edward Lampert has been acquiring shares of the retailer at a furious pace, and last week was no exception. He bought a total of 144,298 shares of the company at prices ...
Posted: October 23, 2016, 7:25 am

Sears insists it's paying its vendors as reports swirl about spat with toymaker

Speculation that Kmart is headed for a chainwide closure has been swirling in recent months — chatter that Sears CEO Eddie Lampert has vehemently denied. In September, Moody's downgraded the company's speculative grade liquidity, saying that it was ...
Posted: October 21, 2016, 1:30 pm

Guru and Insider Invests in Lands' End

Edward Lampert (Trades, Portfolio), insider and 10% owner of Lands' End (LE), purchased 412,294 shares in eight separate transactions on eight separate days, according to the Securities and Exchange Commission. On Oct. 7, Lampert purchased 102,375 shares ...
Posted: October 20, 2016, 4:51 pm
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