Kenneth Langone net worth
Kenneth Langone Net Worth and Salary: Kenneth Langone is an American financial backer, venture capitalist and investor with a net worth of $3.3 billion. Perhaps best known as the co-founder of Home Depot, Ken Langone is also known for serving on the board of the New York Stock Exchange, where he also chaired the NYSE’s compensation committee from 1999 to 2002.
In July 2010, he was elected chairman of the board of public online retailer Geeknet and is currently the company’s CEO. Born Kenneth G. Langone on September 16, 1935, in Roslyn Heights, New York, the child of working-class parents. As a result, Langone had to take several blue-collar jobs to pay for his tuition at Bucknell University and NYU’s Stern School of Business. After graduating, Langone worked menial jobs in insurance before landing a job at a financial services firm. Langone’s career took off after he took Ross Perot’s company Electronic Data Systems public for 10 times the value predicted by other companies. He built on this experience for about 10 years before he funded The Home Depot for Arthur Blank and Bernard Marcus. The home improvement and construction products and services retailer is not only considered Lange’s most famous business enterprise, but it has also been turned into a national chain with more than 400,000 employees today. In addition to his great business acumen, Mr. Langone is a great philanthropist, having donated over $200 million to various causes as of this writing, and is a member of the Warren Buffett Pledge of Giving. A prominent NYU donor, he has twice given generously to the Society for Childhood Oncology (Uncle McDonald’s House), the Robin Hood Foundation, the Damon Runyon Cancer Research Foundation, the Hope Tomorrow Foundation, and the Children’s District of Harlem.
