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Billionaire Profile
Marc Lore
Global Rank
#1058

Image: Collective of authors | Public domain | via Wikimedia Commons

Marc Lore

CEO, Jet.com
UNITED STATES
Real-Time Net Worth
$3.979B
Estimated based on Jet.com stock value as of March 6, 2026
0% (24h)
Age
54
Source
Jet.com
Industry
Technology
Citizenship
UNITED STATES

Biography

Marc Lore is a highly successful entrepreneur and investor, best known for founding and selling e-commerce companies like Diapers.com (sold to Amazon for $545 million) and Jet.com (sold to Walmart for $3.3 billion). As of 2024, his net worth is estimated at $4 billion. Lore also served as the President and CEO of Walmart U.S. eCommerce from 2016 to 2021. Currently, he is the Founder, Chairman, and CEO of Wonder Group, a food tech startup. Lore's career is marked by his ability to identify and capitalize on market opportunities, along with his vision for creating innovative solutions. He is also the co-owner of the Minnesota Timberwolves and WNBA's Lynx.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Born on May 16, 1971, in Staten Island, New York, Marc Lore showed entrepreneurial spirit from a young age. As a child, he traded baseball cards and displayed a knack for recognizing value. He attended Bucknell University, graduating with a degree in business management and economics.

Rise to Success

Lore's career began with The Pit, an online trading card marketplace, which he sold in 2001. He then co-founded Quidsi, the parent company of Diapers.com, which Amazon acquired in 2011 for $545 million. Lore's most significant achievement was Jet.com, an e-commerce platform, which he founded in 2014 and was acquired by Walmart in 2016 for $3.3 billion. He then led Walmart's U.S. eCommerce division as president and CEO until 2021. Currently, Lore is the Founder, Chairman, and CEO of Wonder Group.

Key Business Strategies

Lore's success stems from his ability to identify unmet needs, build innovative e-commerce platforms, and create value propositions that challenge existing market players. His focus on customer experience and logistics, as well as his ability to think from first principles, have been pivotal to his success.

Philanthropy

Marc Lore, through his recent acquisition of the Minnesota Timberwolves with Alex Rodriguez, supports numerous initiatives via donations and community engagement.

Career Milestones

2001

Sold The Pit, Inc.

Sold his internet market-making collectible company to The Topps Company for $5.7 million.

2005

Founded Quidsi

Co-founded Quidsi, the parent company of Diapers.com.

2011

Sold Quidsi to Amazon

Sold Quidsi (Diapers.com) to Amazon for $545 million.

2014

Founded Jet.com

Launched e-commerce platform Jet.com.

2016

Sold Jet.com to Walmart

Sold Jet.com to Walmart for $3.3 billion and became President and CEO of Walmart U.S. eCommerce.

2018

Founded Wonder Group

Founded Wonder Group, a food tech startup.

2021

Co-owner Minnesota Timberwolves and Lynx

Became co-owner with Alex Rodriguez

Philanthropy & Social Impact

Children's Health

St. Jude Children's Research Hospital

$1.7M

Part of Rich Eisen's Run Rich Run

Business Philosophy & Leadership

Notable Quotes

"“I was obsessed with value.”"

"“Count your chickens before they hatch.”"

Leadership Principles

Vision

Having a clear vision of where you want to go and creating a high-level strategy.

Capital

Securing the right investors by creating a financial plan that outlines funding needs.

People

Creating a values-driven business and incorporating empathy and kindness into company culture.

Controversies & Challenges

2024

Failed Timberwolves Purchase

A dispute arose over the final installment in his purchase of the Minnesota Timberwolves with Alex Rodriguez.

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