| Name: | Eddie Lampert |
| Net Worth: | $2 billion |
| Source of Wealth: | ESL Investments, Sears, Autonation |
| Born: | July 19, 1962 |
| Age: | |
| Country: | USA |
| Wife: | Kinga Lampert |
| Children: | 3 |
| Residence: | Miami, Florida, USA |
| Private Jet: | Bombardier Global 5000 (N116QS) |
| Yacht | Fountainhead |
Eddie Lampert is the founder and sole owner of the hedge fund ESL Investments. He was born in July 1962. He is married to Kinga Lampert. They have 3 children. His company ESL serves as manager to investment funds. The hedge funds invest in equity and debt instruments. Other investments are securities, options, and other financial instruments and products.
ESL manages assets in one master fund, ESL Partners, L.P. As of December 31, 2015, ESL Partners held approximately $ 2.8 billion in assets.
His father was a partner in the law firm of Lampert & Lampert in New York City. His father died young. Eddie supported his family by working after school and on weekends.
He received financial aid for college and graduated from Yale University in 1984. He learned to invest through his grandmother. Young Eddie would sit with her reviewing the performance of her stock picks in the media.
For a short time, he worked at Goldman Sachs. He started ESL Investments at the age of 26 in 1988. His mentor was billionaire investor Richard Rainwater.
Edward Scott Lampert is the owner of the yacht Fountainhead.
Known investments of Lampert are Sears Holding and Autonation (the largest U.S. retailer of new cars, trucks & SUV). He also owns Land’s End. It is a fashion brand founded by the late Gary Comer. Comer is the former owner of the yacht Turmoil. The hedge fund manager also owns Autozone a leading auto parts retailer. And he owned Footstar Inc a now-bankrupt shoe retailer.
He also owns shares in Seritage Growth Properties, a real estate investment trust.
Lampert owns about 48% of Sears stock. According to the company’s annual report. Including shareholdings through ESL Investments. He is the largest shareholder of Sears and Kmart.
In 2018 he stepped down as CEO of Sears Holdings following the company’s bankruptcy. He remained Chairman of the Board. He offered to buy the company out of bankruptcy, including 500 Sears stores. In 2005 Warren Buffett predicted that the Sears CEO would have an impossible task bringing back the retailer to profit.
Besides his stock, Lampert holds about US$ 381 million in unsecured notes issued to Sears. He is also an investor in real estate.
In early 2019 a U.S. bankruptcy court approved Lampert’s $5.2 billion bid for Sears. He will keep about 400 Sears stores open and retain about 45,000 jobs.
His net worth is estimated at $ 2 billion.
Edward and his wife Kinga Lampert are active philanthropists. Through the The Lampert Foundation. The foundation focuses on support for health and education.
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Kinga was born in 1974. She married Eddie in 2001. They have 3 children. She co-
https://www.forbes.com/profile/edwardlampert
https://en.wikipedia.org/wiki/EddieLampert
Eddie and Kinga live in a large house in Greenwich, Connecticut. The house is situated close to New York City. And they also own a US$ 40 million mansion on the Indian Creek Golf Club Island in Miami, Florida.
The house is considered to be the 34th most expensive home in Florida.
He is the owner of the Feadship yacht Fountainhead. The yacht is often referred to as Marc Cuban’s yacht, but Cuban doesn’t own a yacht.
He owns a Bombardier Global 5000 private jet (N116QS) which is operated through Net Jets. The aircraft was delivered in 2017. He used to own a Gulfstream G550.
SuperYacht Owners Database 3-2023
