Marc Lore is the co-founder of Jet.com and has a net worth of $4.1 billion, making him one of the youngest billionaires ever created. He made his money in 2015 when Walmart acquired Jet.com for $3.3 billion, with Marc receiving part of that sum as well as a seat on the board at Walmart.
Marc Lore has a net worth of $4.1 billion, according to Forbes. That’s a pretty penny for an entrepreneur who made his fortune in the e-commerce business.
According to Forbes and Bloomberg, Marc Lore sold Jet.com for $3 billion in 2016 and also purchased Shopify in 2016 for $1 billion before selling it back to its original owner three years later for $2 billion. Since then, he’s gone on to develop Walmart’s online shopping platform and is now CEO of Walmart eCommerce U.S., which allows retailers like Walmart to sell online through their own website or third party websites like Shopify or Amazon (a subsidiary). The internet mogul has also invested heavily into Vivint Smart Home security systems with his wife Jennifer Fleiss since they became parents together five years ago — despite having no prior experience working with technology companies beforehand!
Marc Lore is a billionaire entrepreneur who founded Jet.com, Diapers.com and ModCloth. He also co-founded ShoeDazzle and sold it to Groupon in 2011 for $64 million.
Lore’s net worth is estimated to be around $4 billion, which makes him one of the richest people in America. His company Jet was valued at $100 million after its first funding round in 2014 and went public on September 4th 2015 with a valuation of $1 billion.
Jet has since been acquired by Walmart for $3 billion, bringing Marc Lore’s net worth closer to nine figures than eight (if you’re keeping track). This was only possible because his startup had just purchased Parcel for $270 million earlier that year — an acquisition that made many people wonder why anyone would spend so much money on an e-commerce delivery service that didn’t even have any customers yet.
Marc Lore was born in New York City, but grew up in Maryland. He attended the University of Maryland but left before graduating. In 1996, Marc started his first business at age 25 when he co-founded a printing company called InkSoft Office Systems Inc., which was later renamed Inksoft.com Inc.
After working for several companies such as Microsoft and Amazon, Marc co-founded Jet.com with Joe Ripp in 2014 and sold it to Walmart for $3 billion just two years later. Since then he has been involved with other e-commerce companies including Bonobos, TaskRabbit and ModCloth among others.
As a young man, Marc Lore’s business ventures were a success. He co-founded Diapers.com with his wife, and the site was sold to Amazon in 2010 for $545 million. It was rebranded as Amazon Mom and became one of the most popular mom sites on the web.
In 2016, Marc Lore launched Jet.com with his wife and another friend of theirs who had worked with them at Quidsi (the parent company of Diapers.com). The name “Jet” came from wanting something that sounded more like an airline than an online store—it made sense considering they were hoping to compete with Amazon Prime by offering free shipping on all orders over $35!
Within just two years, Jet had become one of America’s top 10 most visited ecommerce websites! In 2017, Walmart acquired Jet for $3 billion USD – yes that’s right: three billion dollars! This acquisition made Marc Lore one of only seven people ever to sell a startup for more than $3 billion USD–and he did it twice!
If you’re the kind of person who likes to be jealous, Marc Lore’s net worth is a great place to start.
At 48 years old, he has accrued a fortune worth more than $450 million — and that’s just from his holdings in WalMart eCommerce and Jet.com. He’s also the founder and CEO of Quidsi Inc., which owns Diapers.com and Soap.com; co-founder of BeautyBar; and non-executive chairman at Honest Company (which was acquired by Unilever).
The Marc lore net worth is impressive, but his business acumen is even more so. Marc has been able to build a massive e-commerce empire by being at the right place at the right time and taking advantage of that opportunity. It’s hard not to admire him for his accomplishments, especially when you consider how young he was when he started out on this path.