Marc Lore

Marc Eric Lore (pronounced LorEE, born May 16, 1971) is an American entrepreneur, businessman, investor, and NBA owner.

In December 2021, CNBC reported that Lore is now the Founder, Chairman, and CEO of the Wonder Group.

Lore was born in Staten Island, New York 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."

After graduating high school in 1989, Lore attended Bucknell University.

He was on Bucknell's track and field team specializing in the 100-meter, 200-meter, long jump, and javelin events.

In 1993 he received a Bachelor of Arts in business management and economics, graduating cum laude.

After starting his banking career, Lore enrolled in Columbia University but dropped out before completing his master of statistics degree.

During this time he did complete the Chartered Financial Analyst three-year program.

Lore also enrolled in The Wharton School at the University of Pennsylvania.

He dropped out after one year in the MBA program to pursue Diapers.com.

It was at Wharton where he met Scott Hilton during a study group – Hilton would later become employee #1 at Diapers.com.

After graduating college in 1993, Lore began his career at Bankers Trust in New York City.

He held various investment banking positions, including vice president of emerging markets risk management at Credit Suisse First Boston and executive vice president of Sanwa International Bank in London, where he was head of the bank's Risk Management Division.

In 1997, while at Credit Suisse First Boston, Lore and his colleague, Lev Borondovsky, started the Global Association of Risk Professionals (GARP) and founded the Financial Risk Manager (FRM) – a certification for financial risk managers.

Today an estimated 50,000 people have earned the certification while the Global Association of Risk Professionals (GARP) has over 150,000 members from 195 countries.

Lore and Borondovsky also wrote The Professional's Handbook of Financial Risk Management.

In 1999, Lore co-founded The Pit, Inc., an Internet market-making collectible company constructed as an alternative to eBay.

Lore served as CEO and The Pit was sold to the sports collectibles company, The Topps Company, Inc. for $5.7 million in 2001.

Following the acquisition, Lore joined Topps as chief operating officer of gaming subsidiary WizKids.

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.

In November 2023, Wonder Group—a company Marc founded in 2018—purchased Blue Apron for $103 million.

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.