Mark Lohr is an American businessman who was the CEO of Walmart from 2016 to 2021. He was also the CEO and co-founder of Quidsi, which he sold to Amazon in 2011 for $545 million. As of 2021, Mark Laure's net worth is estimated to be around $4 billion.
Mark Lohr and his business partner Alex Rodriguez recently reached an agreement to purchase the Minnesota Timberwolves basketball team. The deal is worth more than $1 billion, including the WNBA Minnesota Lynx.
| Full Name | Marc Eric Lore |
| Birth Date | May 16, 1971 |
| Birth Place | New York City, United States |
| Profession | Entrepreneur, Investor |
| Ex-wife | Carolyn Lore |
| Net Worth | $4 billion (estimated, figure may vary) |
Early life
Mark Lohr was born on May 16, 1971 in Staten Island, New York, United States. He was born to his parents Peter and Chiara Lore. Mark grew up with two brothers. He spent most of his childhood in the small town of Lyncroft. His mother, Chaira, was a bodybuilder. She was also a personal trainer for famous actress Julianne Phillips. Also, his father Peter owned a computer consulting company called Chadmarc Systems.
Regarding his education, he attended Ranny’s School from grade 5 to 12. He graduated from high school in 1989. During his school years, Mark has already done a great job with arithmetic. His classmates called him a calculating man. He then transferred to Bucknell University, where he studied business administration and economics.
Mark also attended Columbia University for a time, but eventually dropped out before completing his master’s degree in statistics. At that time, he had already started working in a bankers’ fund. Laure also attended the Wharton School to study for the MBA program. However, she studied there for a year and dropped out to open Diapers.com, an online baby store.
Mark Lauren’s Net Worth and Career
Mark co-founded The Pit, Inc. The company started in 1999 as an alternative to eBay e-commerce. He was CEO until 2001, after which he was sold to The Topps Company for $5.7 million. After the acquisition, it was still part of Topps. As COO, Lore oversaw the WizKids gaming subsidiary.
2011, following the sale of Diapers.com to Amazon. It has been serving Amazon for more than 2 years. In 2014, Mark founded an e-commerce company called Jet. He served as CEO of the company. In 2016, the company was acquired by Walmart for $3.3 billion. After the acquisition, he was CEO and President of Walmart U.S. electronic commerce
Walmart has excelled in business operations and has seen significant growth in e-commerce. It managed to make Walmart the second largest online shopping site in the United States. After leaving Walmart, he invested in Archer Aviation. In February 2021, Lore increased his investment in the company by $10 million.
On May 12, 2021, Lohr announced that he would be forming a new venture capital firm, Vision Capital People (VCP), with Alex Rodriguez. The company was founded by Lore and Alex with an investment of 50 million dollars. Both made their first investments in NOW // with a social trading company.
Mark and Alex have gotten together to buy the Minnesota Timberwolves basketball team. They signed a letter of intent for the purchase on April 10, 2021. On May 13, 2021 they would finalize the purchase of the Minnesota Timberwolves.
Personal life of Mark Laura
Mark Lohr was married to Caroline Lohr. He did not reveal much information about his personal life. Wikipedia shows that he is divorced from Caroline. Why he broke up with Caroline remains a mystery. He shared two daughters with his ex-wife Caroline named Sierra and Sophia.
Mark Lora net worth
Mark Lohr amassed a cumulative net worth of $4 billion as of 2021. He was named the highest-paid executive in the United States after Jet.com was acquired by Walmart on August 8, 2016.