Marc Lore Biography and Net Worth

Marc Lore is president and chief executive officer of Walmart eCommerce U.S. He was appointed in September 2016 to lead U.S. e-commerce when his company Jet.com was acquired by Wal-Mart Stores, Inc. In his role, he accelerates Walmart’s U.S. e-commerce growth and customer reach, leading Walmart.com and Jet.com. Walmart.com offers customers everyday low prices and a seamless shopping experience across Walmart.com and Walmart’s stores and apps, while Jet.com delivers premium brands and a premium experience with emphasis on millennial and urban shoppers. He also oversees @WalmartLabs, Walmart’s technology arm for e-commerce. Prior to Walmart, Marc founded and served as CEO of Jet.com, growing to a $1 billion gross merchandise value run rate in its first year before being acquired by Walmart. Jet introduced radical price innovation in e-commerce by optimizing the underlying economics of online shopping and unbundling the embedded retail costs that drive up price, creating an entirely new business model that works better for both customers and merchants. Prior to Jet, Marc was the co-founder and CEO of Quidsi, the parent company of e-commerce websites Diapers.com, Soap.com, Wag.com and more. The company was founded in 2005 and sold to Amazon in 2011 for $550 million. Marc was also the co-founder and CEO of The Pit, Inc., an Internet market-making collectible company constructed as an alternative to eBay. The Pit was sold to the Topps Company in 2001. Marc’s industry accolades include E&Y’s Entrepreneur of the Year regional winner and being named one of the “smartest people in technology” by Fortune. Prior to being a serial entrepreneur, Marc held various investment banking positions, including executive vice president of Sanwa International Bank in London, where he was head of the bank’s Risk Management Division, and previously served as vice president of emerging markets risk management at Credit Suisse First Boston. He graduated from Bucknell University, where he received a bachelor of arts in business management and economics, graduating cum laude.

What is Marc E. Lore's net worth?: The estimated net worth of Marc E. Lore is at least $1.68 billion as of January 2nd, 2024. Mr. Lore owns 27,926,358 shares of Walmart stock worth more than $1,679,072,275 as of April 26th. This net worth approximation does not reflect any other investments that Mr. Lore may own. Learn More about Marc E. Lore's net worth.
How do I contact Marc E. Lore?: The corporate mailing address for Mr. Lore and other Walmart executives is 702 SOUTHWEST 8TH ST, BENTONVILLE AR, 72716. Walmart can also be reached via phone at (479) 273-4000 and via email at [email protected]. Learn More on Marc E. Lore's contact information.
Has Marc E. Lore been buying or selling shares of Walmart?: Marc E. Lore has not been actively trading shares of Walmart during the past quarter. Most recently, Marc E. Lore sold 105,000 shares of the business's stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $48.3333, for a transaction totalling $5,075,000.00. Following the completion of the sale, the executive vice president now directly owns 3,684,849 shares of the company's stock, valued at $178,101,035. Learn More on Marc E. Lore's trading history.
Who are Walmart's active insiders?: Walmart's insider roster includes Daniel Bartlett (EVP), M. Biggs (EVP), Rachel Brand (EVP), Rosalind Brewer (Insider), Jacqueline Canney (EVP), David Chojnowski (SVP), John Furner (EVP), Marc Lore (EVP), Judith Mckenna (EVP), Kathryn McLay (EVP), C Mcmillon (CEO), Christopher Nicholas (Exec. VP & COO), John Rainey (EVP), Randall Stephenson (Former Director), Alice Walton (Major Shareholder), Jim Walton (Major Shareholder), and S Walton (Director). Learn More on Walmart's active insiders.
Are insiders buying or selling shares of Walmart?: During the last year, insiders at the retailer sold shares 64 times. They sold a total of 76,067,579 shares worth more than $4,131,733,326.24. The most recent insider tranaction occured on April, 1st when EVP John D Rainey sold 3,000 shares worth more than $180,780.00. Insiders at Walmart own 46.5% of the company. Learn More about insider trades at Walmart.
Information on this page was last updated on 4/1/2024.

Marc E. Lore Insider Trading History at Walmart

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
1/21/2021	Sell	105,000	$48.33	$5,075,000.00	3,684,849
12/15/2020	Sell	270,000	$48.51	$13,096,800.00	3,976,191
10/14/2020	Sell	255,000	$48.18	$12,286,750.00	4,831,197
9/10/2020	Sell	255,000	$46.18	$11,775,900.00	5,329,515
8/3/2020	Sell	255,000	$43.07	$10,983,700.00	5,574,219
7/7/2020	Sell	255,000	$41.11	$10,483,900.00	6,057,423
6/9/2020	Sell	255,000	$40.30	$10,275,650.00	6,226,596
5/7/2020	Sell	255,000	$41.02	$10,459,250.00	6,818,988
4/15/2020	Sell	255,000	$42.84	$10,924,200.00	7,163,895
3/10/2020	Sell	255,000	$39.14	$9,979,850.00	7,399,254
2/7/2020	Sell	255,000	$38.79	$9,892,300.00	7,552,521
1/14/2020	Sell	255,000	$38.64	$9,852,350.00	8,350,350
12/20/2019	Sell	255,000	$40.19	$10,248,450.00	8,424,885

Marc E. Lore Buying and Selling Activity at Walmart

Walmart Company Overview

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.

Today's Range

Now: $60.13

$60.00

$60.39

50 Day Range

MA: $59.91

$56.79

$61.43

2 Week Range

Now: $60.13

$48.34

$61.65

Volume

11,042,540 shs

Average Volume

18,871,500 shs

Market Capitalization

$484.49 billion

P/E Ratio

31.42

Dividend Yield

1.40%

Beta

0.49

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