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Marc Lore
Marc Eric Lore (/ˈlɔːri/ LOR-ee; born May 16, 1971) is an American entrepreneur, businessman, and investor. Lore is founder, chairman, and CEO of the Wonder Group. From 2016 to 2021, he was the president and CEO of Walmart U.S. eCommerce. Lore was appointed in September 2016 to lead Walmart's e-commerce division when his company Jet.com—an e-commerce website launched in 2014—was acquired by Walmart, Inc. Walmart purchased Jet for $3.3 billion.
Prior to Jet, Lore was the CEO and co-founder of Quidsi, the parent company of a family of websites, including Diapers.com. Quidsi was sold in 2011 to Amazon for $545 million. Lore was named regional Entrepreneur of the Year by Ernst & Young in 2011, one of the "smartest people in technology" by Fortune, and dubbed the "LeBron James of e-commerce" by Matt Higgins.
After stepping down from Walmart, Recode reported that Lore's next venture will be "a multi-decade project to build 'a city of the future' supported by 'a reformed version of capitalism'", announced in September 2021 as Telosa.
Lore was born in the Staten Island borough of New York City on May 16, 1971, the son of Peter and Chiara Lore. He is the oldest of three children and spent most of his childhood in Staten Island. When he was ten years old his family moved to the Lincroft section of Middletown Township, New Jersey.
His mother was a body builder and personal trainer. During the late 1980s she trained model and actress Julianne Phillips who was Bruce Springsteen's wife at the time. Lore's father started a computer consulting company, Chadmarc Systems, named after his two sons.
In seventh grade, Lore got into stocks and began reading books on stock options and what would become known as derivatives – eventually leading him to start his career in finance. In high school he started a baseball card company called The Mint with his grade school friend, Lax Chandra.
From fifth until twelfth grade, Lore attended Ranney School in Tinton Falls, New Jersey. In 1989, during his senior year of high school, Lore became the New Jersey State Champ for the 55-meter dash.
Lore's classmates called him the human calculator as a young savant with numbers. While sophisticated with math, Lore claims he didn't apply himself and was seen more as a class clown. In high school he and his close friend, and later business partner, Vinit Bharara used to sneak down to Atlantic City and card count at the casinos. Lore has stated that he "didn't apply himself at all" when it came to school. He's said that he was a sophomore in high school when he first realized you have to actually apply to college – "I always thought you could just pick the school you wanted to go to."
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Marc Lore
Marc Eric Lore (/ˈlɔːri/ LOR-ee; born May 16, 1971) is an American entrepreneur, businessman, and investor. Lore is founder, chairman, and CEO of the Wonder Group. From 2016 to 2021, he was the president and CEO of Walmart U.S. eCommerce. Lore was appointed in September 2016 to lead Walmart's e-commerce division when his company Jet.com—an e-commerce website launched in 2014—was acquired by Walmart, Inc. Walmart purchased Jet for $3.3 billion.
Prior to Jet, Lore was the CEO and co-founder of Quidsi, the parent company of a family of websites, including Diapers.com. Quidsi was sold in 2011 to Amazon for $545 million. Lore was named regional Entrepreneur of the Year by Ernst & Young in 2011, one of the "smartest people in technology" by Fortune, and dubbed the "LeBron James of e-commerce" by Matt Higgins.
After stepping down from Walmart, Recode reported that Lore's next venture will be "a multi-decade project to build 'a city of the future' supported by 'a reformed version of capitalism'", announced in September 2021 as Telosa.
Lore was born in the Staten Island borough of New York City on May 16, 1971, the son of Peter and Chiara Lore. He is the oldest of three children and spent most of his childhood in Staten Island. When he was ten years old his family moved to the Lincroft section of Middletown Township, New Jersey.
His mother was a body builder and personal trainer. During the late 1980s she trained model and actress Julianne Phillips who was Bruce Springsteen's wife at the time. Lore's father started a computer consulting company, Chadmarc Systems, named after his two sons.
In seventh grade, Lore got into stocks and began reading books on stock options and what would become known as derivatives – eventually leading him to start his career in finance. In high school he started a baseball card company called The Mint with his grade school friend, Lax Chandra.
From fifth until twelfth grade, Lore attended Ranney School in Tinton Falls, New Jersey. In 1989, during his senior year of high school, Lore became the New Jersey State Champ for the 55-meter dash.
Lore's classmates called him the human calculator as a young savant with numbers. While sophisticated with math, Lore claims he didn't apply himself and was seen more as a class clown. In high school he and his close friend, and later business partner, Vinit Bharara used to sneak down to Atlantic City and card count at the casinos. Lore has stated that he "didn't apply himself at all" when it came to school. He's said that he was a sophomore in high school when he first realized you have to actually apply to college – "I always thought you could just pick the school you wanted to go to."