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- Billionaire Ken Langone, one of the founders of The Home Depot, grew up poor. His dad was a plumber and his mom worked in the school cafeteria. What they lacked in material things, they made up for in unconditional love and richness of family and community.
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Early life. Langone was born in Roslyn Heights, New York, to Italian American parents. His father was a plumber and his mother a cafeteria worker. [3] He was a student at Bucknell University and the New York University Stern School of Business.
Jul 24, 2018 · Ken Langone was cofounder of The Home Depot. His financial prowess enabled Bernie Marcus, Arthur Blank and Pat Farrah to develop a new mega concept that opened in Atlanta in 1978.
- Walter Loeb
- A Long Island Boy with An American Dream
- From Wall Street to Entrepreneur
- Building A Home Improvement Empire
- Doers Get More Done
- How Did Ken Langone Make His Money?
- What Is Ken Langone's Net Worth?
- A Family That Gives Together
- Giving Back: Ken Langone and NYU
- What Are Ken Langone's Political Views?
- What Does Ken Langone Think About Capitalism?
Ken Langone made his grand entrance into the world on September 16, 1935. His Italian-American parents were working-class citizens. Neither of his parents went to high school. His dad worked as a plumber, and his mom was a cook in a school cafeteria. Money was tight, to say the least. Growing up in a paycheck-to-paycheck home helped instill the val...
In the early 1960s, Ken began his first white-collar job for a Wall Street financial services company. He was very successful and quickly moved up the corporate ladder. Ross Perottook a liking to Ken. In 1968, Perot put Ken in charge of the IPO for his company, Electronic Data Systems. Wanting to work for himself, Ken formed his own venture capital...
In 1978, Ken met with Bernie Marcus for breakfast. However, this meeting was about much more than eggs and bacon. Bernie had just lost his job at Handy Dan, a home-improvement chain, and he wanted to vent to Ken about how poorly upper-level executives had treated him. That meeting sparked a lightbulb moment. What if Ken and Bernie started their own...
Ken never wanted to be a silent partner. When he co-founded Home Depot, he worked his tail off to obtain funding and open stores. As someone who came from a lower socioeconomic class, he wanted to treat every employee well. Income inequality is one of the greatest problems in the U.S., according to Ken. While he doesn't necessarily believe in a gov...
While co-founding Home Depot made Ken Langone wealthy, it's not the only way he earns a living. Even as a co-founder, he's never owned more than 15% of the company. How did this regular guy become a billionaire? In Ken's own words, "I'm a stockholder. I own a lot of stocks." Ken enjoys raising money and funding companies. The thrill of the hunt is ...
It's only natural to wonder how much money Ken brings home in a year. Well, unless you're Ken. Ask him how much he's worth, and you'll get a blunt response. "I don't really know, and I don't care what I'm worth." But for those who do care, Ken Langone has an estimated net worth of $4.7 billion.
Ken Langone married the love of his life, Elaine, over 60 years ago. The couple has three children. As a devout Roman Catholic, Ken Langone has always believed in charity. Even though he lives a very frugal life, he's not afraid to open his wallet for philanthropic causes. As he told The Philanthropy Roundtable, "We [Ken and Elaine] realized how go...
As an alumnus of NYU and a former teacher, the university holds a special place in Ken's heart. Since 1997, he's served as a trustee and became chairman of the medical center's board in 1999. Ever since he accepted that $300 loan to finish school, he's remained indebted to it. He's been a prominent NYU donor for decades. In 1999, Ken and Elaine Lan...
Ken is a longtime Republican and a top donor to the party. That doesn't mean he always endorses Republican candidates, however. He votes on how a candidate's views align with his own. In 2014, he supported Democrat Andrew Cuomo in his re-election campaign for New York Governor.
If capitalism had a mascot, there's a good chance it would be Ken Langone. His story is not only inspirational, but it's also an ode to what's possible, thanks to capitalism. He wasn't born into an affluent family. At times, his boots didn't even have straps to help pull himself up. However, he never lost sight of the American dream. "America has t...
Jun 1, 2018 · Home Depot’s co-founder used to stock the shelves with empty boxes in the company’s early days. In 1979, the co-founders of Home Depot planned to start the company with four locations in Atlanta....
- Cat Clifford
- 1 min
6 days ago · In 1978, Ken Langone made an early investment in Home Depot and became a cofounder with Arthur Blank and Bernard Marcus, now billionaires.
Billionaire Ken Langone, one of the founders of The Home Depot, grew up poor. His dad was a plumber and his mom worked in the school cafeteria. What they lacked in material things, they made up for in unconditional love and richness of family and community.
Ken Langone discusses how he helped grow The Home Depot from two stores in Atlanta into the largest home improvement retailer in the United States and why he...
- 20 min
- 372.6K
- Goldman Sachs
