Ken Langone is a billionaire businessman, investor and philanthropist from America. He is best known for managing financing for the founders of The Home Depot. To the Republican Party, he has been a major donor. You may wonder about Ken Langone net worth, so let’s check it below.
Ken Langone Net Worth
The information about Ken Langone net worth is various. According to MD Daily Record, Ken Langone has more than $6 billion in 2021. According to Wealthy Persons, he has a net worth of $4 billion. Same as MD Daily Record, Forbes also mentioned that Ken Langone has a net worth of $6 billion.
Ken Langone Early Life
The full name of Ken Langone is Kenneth Gerard Langone Sr. He was born on September 16th, 1935 in Roslyn Heights, New York. His parents was Italian American. His father worked as a plumber and his mother worked as a cafetaria worker. It is described that the family of Langone had a lot of love, but not a lot of money.
He became a student of Bucknelll University and the New York University Stern School of Business.
Ken Langone Business Career
Langone started his career at a Wall Street financial services company in the early 1960s. The name of the company was R.W. Pressprich. There, he helped develop new business. Then, he met and convinced Ross Perot in 1968 to let Pressprich handle Electronic Data Systems’s IPO. Langone was appointed to be the president of Pressprich in 1969.
In 1974, the venture capital firm Invemed was formed by him. He organized financing for Bernard Marcus and Arthur Blank to found Home Depot. And now, it is a national chain which has more than 400,000 employees and it becomes Langone’s most popular business venture. Langone has been on the boards of Database Technologies, General Electric, Geeknet, Unifi, ChoicePoint Inc., and Yum! Brands, Inc.
From 1999 to 2003, he became chairman of the New York Stock Exchange’s Compensation Committee.
Ken Langone Personal Life
Ken Langone’s wife is Elaine Langone. They have three children and those are Kenneth G. Jr, Stephen and Bruce Langone. He is a practicing Roman Catholic and by Pope Benedict XVI, he was made a Knight of St. Gregory.
He lives in Sands Point, New York. Previously, he has lived on Elderfields Road in nearby Flower Hill. He is a member of Kappa Beta Phi. It is a secret society which is known for its Wall Street Chapter that is made up of high ranking financial executives. The aim of this organization is social and honorific.
Ken Langone as a Philanthropy
In 2018, Langone had a promise to give $100 million in funding towards a $450 million prgram to make tuition free for all medical students at the NYU School of Medicine. He becomes the chair of the Board of Trustees of the NYU Langone Medical Center.
He serves on the boards of The Ronald McDonald House of NY, The Medal of Honor Foundation, CSIS and the Harlem Children’s Zone.
He gave a donation over $5 million in 2019 to the Animal Medical Center in New York City. As of 2014, he becomes a major donor to the Republican Party.
Langone stated that he was really challenged by a kid where he asked him about his net worth. After he was asked about it, he thought that his net worth will be good if he does it with what he has and not how much cash that he has in his bank accounts.
Ken Langone in Popular Media
Ray Iannicelli portrayed Langone in HBO Films production entitled The Wizard of Lies in 2017. In the film, it is depicted that Langone denies an offer to invest money in the schemes of convicted Wall Street swindler Bernie Madoff.
Ken Langone Biodata
- Full Name: Kenneth Gerard Langone
- Popular Name: Ken Langone
- Gender: Male
- Birth Date: September 16th, 1935
- Birth Place: Roslyn Heights, New York
- Nationality: American
- Height: 1.8 m
- Weight: 95 kg
- Marital Status: Married
- Wife: Elaine Langone
- Children: Kenneth Gerard Langone Jr, Stephen Langone and Bruce Langone
- Profession: Businessman
- Hair Color: White
- School: Roslyn High School
- Religion: Christianity
Some Interesting Facts About Ken Langone
There are some interesting facts about Ken Langone that you may want to know as you are able to see from the list below.
- As explained earlier, he is a philanthropist. He has helped a lot of students and young professionals to reach their dreams.
- In 2018, he pledged to give donation $100 million. It was to make tuition fees-free for medical students of the School of Medicine of New York University. According to MD Daily Record, he has given donation around $200 million to the university.
- For the restoration of the Notre Dame Cathedral, he has given donation around $100,000.
- Ken likes to watch baseball matches and he has a collection of baseball signed by popular baseball players.
- I Love Capitalism is his autobiography and it has been published which then it became a bestseller in the United States.
- Ken Langone is known for his involvement in Politics and to the Republican party, he is one of the major donors.
About Home Depot
As described earlier, Ken Langone is best known for managing financing for the founders of The Home Depot. Home Depot is the biggest retailer of home improvement in the United States. It supplies constructions, tools and services. The headquarter of this company is incorporated Cobb County, Georgia, with an Atlanta mailing address.
Across the United States, this company operates a lot of big-boxes format stores. It includes the District of Columbia, Puerto Rico, Guam and the U.S. Virgin Islands. Besides, this company also operates stores in all 10 province of Canada, and all 32 Mexican states and Mexico City.
The Home Depot has MRO company Interline Brands. And now, it is The Home Dept Pro where it has 70 distribution center across the United States.
Since 1981, The mascot of The Home Depot has been Homer D. Poe. He has been the mascot when he was first used in advertising.