Edward Lampert (#1811)
- $ 2 B
- Sears
- United States
- M
- 63 Years
Rest in Peace Ask Jeeves, every search comes to an end
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About Me
After a stint at Goldman Sachs' risk arbitrage department, Edward Lampert founded hedge fund ESL Investments in 1988, betting on undervalued stocks. He took over as CEO of struggling retail giant Sears Holdings (Sears, Kmart, Kenmore) in 2013 with hopes of a turnaround, but failed miserably. Lampert's ESL Investments promised Sears nearly $1 billion in loans in the first 10 months of 2017. In October 2018, Sears Holdings filed for Chapter 11 bankruptcy and announced that it would close 142 Sears and Kmart stores. In January 2019 Lampert won an auction to keep the company, with a reported bid of more than $5 billion.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Edward Lampert’s rise and global influence.
Wealth Growth
Net Worth Growth Over Time
Tracking Edward Lampert’s net worth journey over the years, highlighting key growth phases and financial milestones.
Current Net Worth: $2.3B
(May 4, 2026)
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