Edward Scott Lampert is the founder, chairman, and CEO of ESL Investments. He is also the chairman and CEO of Sears Holdings.
Edward Lampert started his career at Goldman Sachs in 1984. He left the bank in 1988 to form ESL Investments in Greenwich, Connecticut. Edward Lampert received $28 million seed money from Richard Rainwater, whom he met on Nantucket Island. In 2013, he took over as CEO at Sears after Louis D’Ambrosio stepped down due to family health matters. Edward Lampert held 28% of Sears Holdings Corp shares worth approximately $408 million as of July 2016. ESL Investment had an AUM of $2.8 billion as of March 2016.
Edward Lampert was born in 1962 in Roslyn, New York. His father was a senior partner at Lampert & Lampert, the law firm in New York City. Edward Lampert’s grandmother instilled in him an interest in investing – young Eddie would sit with his grandmother reviewing and evaluating the performance of his grandmother’s stock picks in the daily newspaper. After his father’s death, Edward Lampert worked after school and on weekends at various warehouses to support his family. He graduated summa cum laude from Yale University in 1984 with a degree in economics.
Edward Lampert was #309 on Forbes 400 list in 2016 with an estimated net worth of $2 billion. In 2001, he married Kinga Lampert, and they have three children. Edward Lampert has homes in Miami Beach, Florida, Aspen, Colorado, and Greenwich, Connecticut. In 2003, Edward Lampert was kidnapped from the parking lot of his Greenwich office, but after two days of captivity his captors let him go.