Edward Scott Lampert is an American investor and businessman who was the CEO and chairman of Sears Holdings (SHLD), the founder of Transform Holdco LLC, and the founder, chairman, and CEO of ESL Investments. He was a director of AutoZone, Inc. from July 1999 to October 2006. He was an AutoNation director until May 2007.
Quick Facts
| Celebrated Name: | Eddie Lampert |
| Real Name/Full Name: | Edward Scott Lampert |
| Gender: | Male |
| Age: | 60 years old |
| Birth Date: | 19 July 1962 |
| Birth Place: | New York City |
| Nationality: | American |
| Height: | 1.73 m |
| Weight: | 73 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Kinga Lampert |
| Children/Kids (Son and Daughter): | Yes |
| Dating/Girlfriend (Name): | N/A |
| Is Eddie Lampert Gay?: | No |
| Profession: | businessman and investor |
| Salary: | $4,334,739 |
| Net Worth in 2024: | $1.5 billion |
Eddie Lampert Biography
Eddie Lampert was born in 1962 to Dolores Lampert and Floyd M. Lampert, a housewife and senior partner in the law firm of Lampert & Lampert in New York City. 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, instilled an 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 received good grades despite working. As a result, he received financial assistance to help pay for college. Lampert received his B.A. in economics, summa cum laude, from Yale University in 1984.
Eddie Lampert’s Age, Height, Weight
Eddie Lampert was born on July 19, 1962, and will be 60 years old as of 2024. His height is 1.73 meters, and his weight is 73 kilograms.
Career
Lampert started as an intern at Goldman Sachs in July 1984 and worked in the firm’s risk arbitrage department from March 1985 to February 1988.
Lampert established ESL Investments in Greenwich. April of 1988. His investment style has been compared to that of financier Warren Buffett.
In 2004, his earnings were estimated to be $1.02 billion, making him the first Wall Street financial manager to earn more than $1 billion in a year.
Lampert was named to the Time 100 list of the world’s most influential people in 2006 for being one of the “brightest minds on Wall Street” and pioneering a new class of activist hedge funds. Lampert became Connecticut’s wealthiest person in 2006, with a net worth of $3.8 billion.
Employees and corporate staff chastised him for “slicing” his employees in departmental meetings and “being out of touch with reality.” During his tenure as CEO, Sears lost roughly half its value in five years and closed down more than half of its physical stores.
Lampert resigned as CEO of Sears Holdings on October 15, 2018, but remained Chairman of the Board. According to a company filing, Lampert resigned as chairman of Sears Holdings Corp on February 14, 2019.
In January 2019, a group of Sears’ creditors claimed that Lampert orchestrated a “multiyear and multifaceted scheme” to steal the company’s assets and profit from its decline to persuade a federal judge to order Sears to liquidate.
Achievements and Awards
Regrettably, there is no list of nominations and awards he has received.
Eddie Lampert’s Net Worth in 2024
Institutions once lauded Lampert for his enormous net worth and predicted he would be the next Warren Buffett. He has a net worth of about $1.5 billion as of February 2024, down from $3.1 billion in 2012. The reason for this drop is unknown. Lampert’s net worth is primarily derived from his business career. However, he has been chastised for being the cause of Sears’ poor performance.
Lampert got off to a good start in his career, which appeared to be rewarding. He even topped the list of the world’s billionaires. Furthermore, the globe lauded him for his tremendous success and predicted he would be the next Warren Buffet. However, despite his promotions, he struggled in his career, and his wealth declined. At the moment, it appears that things have stabilized and that he will significantly increase his wealth in the future.
Eddie Lampert’s Wife, Marriage
Lampert married Kinga Keh in 2001 and has three children with her. The pair 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 the Fountainhead, an 87.78 m (288 ft) motor luxury yacht.
