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Marc Lore

Marc Lore

M. Lore
41.22% | + $1.16B
$3.98 B ₹ 36,193 Cr
Real Time Net Worth #1075 Ranking as of 21 Feb 2026 By Forbes

More on Marc Lore

Gender

Male

Age

54Y

Country

United States

Born On

May, 1971

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Bucknell University - BA In Business And Economics

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (E-Commerce)

Primary Organization

Minnesota Timberwolves

Titles

Co-Owner

Sources of Wealth

Jet.Com (Sold), Diapers.Com (Sold)

Industry

E-Commerce, Retail, Technology, Sports, Real Estate, Investments

About Marc Lore


M arc Lore is a visionary American serial entrepreneur in the e-commerce space, renowned for creating and selling multiple billion-dollar companies. His first major success was Quidsi, the parent company of Diapers.com, which he co-founded and sold to Amazon in 2011 for roughly $550 million. He followed this up with his most ambitious project, Jet.com, an e-commerce platform that aimed to compete directly with Amazon using an innovative dynamic pricing model. In 2016, just over a year after its launch, Walmart acquired Jet.com for $3.3 billion, the largest-ever U.S. e-commerce acquisition at the time.

As part of the Walmart deal, Lore took charge of the retail giant's U.S. e-commerce division, a role he held until his departure in 2021. Since leaving Walmart, he has embarked on a new chapter of ambitious ventures. He is a co-owner of the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx, alongside former baseball star Alex Rodriguez. He is also the founder and CEO of Wonder Group, a food-tech company. Perhaps his most futuristic project is Telosa, a plan to build a new, sustainable and equitable city from scratch in the American desert.

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Quick Reads


  • A serial e-commerce entrepreneur who has sold companies to Amazon and Walmart.
  • Co-founded Diapers.com (sold to Amazon for $550M).
  • Founded Jet.com (sold to Walmart for $3.3B).
  • Served as President and CEO of Walmart U.S. eCommerce from 2016 to 2021.
  • Now a co-owner of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx.
  • Developing plans for a new sustainable city called Telosa.

Early Life and Background


Marc E. Lore is an American businessman, the self-made billionaire Founder and former CEO of Jet.com and Quidsi (Diapers.com). His career is rooted in e-commerce, technology, and serial entrepreneurial disruption.

Lore graduated from Bucknell University with a B.A. in Business Management. His philosophical approach centers on disrupting established retail models, vertical integration (controlling logistics), and user-centric design. His structural contribution is immense: pioneering the online subscription retail model and leading the major e-commerce acquisitions by Amazon and Walmart.

  • Jet.com (Founder & Former CEO): The e-commerce site he sold to Walmart for $3.3 billion in 2016.
  • Quidsi (Diapers.com) (Founder): The online retailer he sold to Amazon for $545 million in 2011.
  • Sports Ownership: He is the Co-owner of the Minnesota Timberwolves and Minnesota Lynx (NBA/WNBA).
  • Philanthropy: He is a Giving Pledge signatory and is committed to building a futuristic, equitable city (the Telosa project).

Career Journey of Marc Lore


Marc Lore's strategic genius was his commitment to challenging market giants. 2005: Quidsi. He co-founded Quidsi (Diapers.com), successfully competing with Amazon in the essential consumer goods market, leading to its $545 million acquisition by Amazon in 2011. 2016: Jet.com. He founded Jet.com (with a highly disruptive membership fee model), successfully competing with Amazon once again, leading to its $3.3 billion acquisition by Walmart (where he served as Head of U.S. E-commerce).

His structural contribution is tied to pioneering innovative e-commerce logistics and pricing models. His wealth is secured by the colossal capital gains from his serial e-commerce exits. He now focuses on sports ownership (acquiring the Timberwolves/Lynx with Alex Rodriguez) and his ambitious Telosa project—a $400 billion plan to build a futuristic, equitable city in the American desert.

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Marc Lore's Timeline


2005:

Founds Quidsi (Diapers.com) (Founding 1).

2011:

Sells Quidsi to Amazon for $545 million (Major Exit 1).

2015:

Founds Jet.com (Founding 2).

2016 (August):

Sells Jet.com to Walmart for $3.3 billion (Major Exit 2).

2021:

Becomes Co-owner of the Minnesota Timberwolves/Lynx; launches the Telosa city project (Strategic Pivot).

Ongoing:

Continues as Founder and investor, managing his sports and real estate interests (Executive Oversight).

Major Business Ventures and Investments


Marc Lore's wealth is concentrated in the liquid capital generated from the Walmart and Amazon sales and his sports/real estate ventures.

  • Jet.com (Founder & Former CEO): The e-commerce site he sold to Walmart for $3.3 billion in 2016.
  • Quidsi (Diapers.com) (Founder): The online retailer he sold to Amazon for $545 million in 2011.
  • Sports Ownership: He is the Co-owner of the Minnesota Timberwolves and Minnesota Lynx (NBA/WNBA).
  • Telosa Project: His $400 billion project to build a futuristic, equitable city in the American desert (reflecting his commitment to urban planning).

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Philanthropy and Social Impact


Marc Lore is a Giving Pledge signatory. His structural social impact is tied to his pioneering of e-commerce logistics and his Telosa city project, which aims to create a new model of urban governance and housing affordability. His personal philanthropy supports various educational and community initiatives (including the City Year program).

His structural contribution is tied to his belief in technology as a force for societal advancement and his influential role in the global e-commerce and real estate sectors.

Fashion, Style, and Lifestyle


Marc Lore maintains the professional, high-energy style of a technology executive. His attire is consistently modern and high-quality, favoring tailored suits. His aesthetic reflects confident, disruptive authority, typical of a serial entrepreneur.

Residing in New York City, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to e-commerce innovation, sports management, and futuristic urban development.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He sold Jet.com to Walmart for $3.3 billion and Quidsi (Diapers.com) to Amazon for $545 million.
  • He is the Co-owner of the Minnesota Timberwolves (NBA) and Lynx (WNBA).
  • He is planning to build a $400 billion futuristic, equitable city named Telosa.
  • He is a Giving Pledge signatory.
  • He and Alex Rodriguez are partners in the sports ownership group.
  • His wealth is tied to the successful disruption of the online retail and logistics sectors.
  • His philosophy emphasizes vertical integration and user-centric design.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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