Ken Langone

$9.15 B

Ranked #362 in World

About Ken Langone

Business mogul Kenneth Langone Sr., the American billionaire celebrated for his pivotal role in establishing The Home Depot, continues to influence the finance and political sectors. Born on September 16, 1935, he climbed the ranks from R.W. Pressprich to founding Invemed, thereafter shaping big retail. Deeply entrenched in GOP support, Langone's philanthropic efforts include monumental donations to NYU's medical tuition and various institutions. Recently endorsing Nikki Haley for 2024, Langone remains a controversial figure in American politics and business.

Born

September 16, 1935 in Roslyn Heights, New York, U.S.

Age

90 years

Source Of Wealth

Investments

Industries

Finance & Investments

Citizenship

United States

Residence

Sands Point, New York

Education

Bachelor of Arts/Science, Bucknell University; Master of Business Administration, Leonard N. Stern School of Business

Spouse

Elaine Langone

Children

Kenneth Gerard Langone Sr. was born on September 16, 1935, in Roslyn Heights, New York. He is an American billionaire businessman best known for organizing financing for the founders of The Home Depot. Langone was born to Italian American parents. His father was a plumber, and his mother was a cafeteria worker. He attended Bucknell University and New York University Stern School of Business.

Ken Langone: Family

Langone is married to Elaine Langone, and they have three children. The family resides in Sands Point, New York.

Ken Langone: Career Highlights

Langone started his career at R.W. Pressprich, a Wall Street financial services company. There, he helped develop new business and met Ross Perot. Langone persuaded Perot to let Pressprich handle Electronic Data Systems's IPO. He became president of Pressprich in 1969.

In 1974, Langone formed the venture capital firm Invemed. He organized financing for Bernard Marcus and Arthur Blank to found Home Depot. Langone has also served on the boards of various companies, including Geeknet, General Electric, and Yum! Brands, Inc. He was the chairman of the New York Stock Exchange's Compensation Committee from 1999 to 2003.

Ken Langone: Companies

Langone has been involved with several companies throughout his career, including:

R.W. Pressprich
Invemed
The Home Depot
Geeknet
General Electric
Yum! Brands, Inc.

Ken Langone: Major Achievements

Langone's major achievements include:

Organizing financing for the founders of The Home Depot
Serving on the boards of various major companies
Chairing the New York Stock Exchange's Compensation Committee
Making significant philanthropic contributions

Ken Langone: Awards & Achievements

Langone has received numerous awards and recognitions, including:

Honorary Doctor of Laws degree from Bucknell University
Honorary Doctor of Humane Letters degree from New York University
Ellis Island Medal of Honor
Named one of the "50 Most Influential People in Finance" by Bloomberg Markets magazine

Ken Langone: Personal Life & Legacy

Langone is a practicing Roman Catholic and was made a Knight of St.

Gregory by Pope Benedict XVI. He is known for his philanthropy, having pledged $100 million towards a program to make tuition free for medical students at NYU School of Medicine. Langone also serves as chair of the Board of Trustees of the NYU Langone Medical Center and has donated over $5 million to the Animal Medical Center in New York City.

Ken Langone: Trivia

Langone was portrayed by Ray Iannicelli in the HBO Films production "The Wizard of Lies." He was also extensively featured in the documentary "Client 9: The Rise and Fall of Eliot Spitzer."

Wealth History

Timeline

September 16, 1935

Kenneth Gerard Langone Sr. is born in Roslyn Heights, New York.

1969

Becomes president of R.W. Pressprich.

1974

Forms venture capital firm Invemed.

1999-2003

Serves as Chairman of the New York Stock Exchange's Compensation Committee.

2016

Initially endorses Chris Christie for the Republican presidential nomination but later shifts support to John Kasich.

2016

Donates to Donald Trump's presidential campaign.

2024

Endorses Nikki Haley for the Republican presidential nomination but says he would withhold further major financial support unless she had a strong showing in the New Hampshire primary.

Ken Langone : FAQs

What is Ken Langone's current net worth?

Ken Langone's current net worth is $9.15 billion.

What is Ken Langone's current global rank among billionaires?

Ken Langone holds the 362nd position globally among billionaires.

What is Ken Langone's current ranking within the United States?

Ken Langone holds the 142nd position in United States.

What was the change in Ken Langone's net worth compared to the previous year?

Ken Langone's net worth decreased by 886.11 million dollars compared to the previous year 2025, when his net worth was 10.04 billion dollars.

What is the recent change in Ken Langone's net worth?

Ken Langone's net worth decreased by 170.14 million dollars recently, a 1.86% decrease, with his net worth standing at 9.15 billion dollars.

What are Ken Langone's main sources of wealth?

Ken Langone's main source of income comes from Investments.

In which industry does Ken Langone primarily operate?

Ken Langone is primarily involved in the Finance & Investments industry.

What is Ken Langone educational background?

Ken Langone holds a Bachelor of Arts/Science from Bucknell University and a Master of Business Administration from Leonard N. Stern School of Business.

How old is Ken Langone?

Ken Langone is 90 years old.

How many children does Ken Langone have?

Ken Langone has 3 children.

Who is Kenneth Gerard Langone Sr. and what is he known for?

Kenneth Gerard Langone Sr., born on September 16, 1935, in Roslyn Heights, New York, is an American billionaire businessman best known for organizing financing for the founders of The Home Depot and being a major donor to the Republican Party.

What is the background and education of Kenneth Langone?

Kenneth Langone was born to Italian American parents; his father worked as a plumber and his mother was a cafeteria worker. He attended Bucknell University and New York University Stern School of Business.

Can you describe the key points of Kenneth Langone's business career?

Kenneth Langone started his career at R.W. Pressprich, a Wall Street financial services company, eventually becoming its president in 1969. He formed Invemed, a venture capital firm, in 1974 and is renowned for organizing financing for Home Depot's founders. He has served on various corporate boards, including General Electric and Yum! Brands, Inc.

What are some highlights of Kenneth Langone's political involvement?

Kenneth Langone is a major donor to the Republican Party, opposed the Affordable Care Act, and has shifted his presidential endorsements from Chris Christie to John Kasich, and then to Donald Trump. Most recently, he endorsed Nikki Haley for the 2024 Republican presidential nomination, expressing conditional financial support based on her performance in the primaries.

How has Kenneth Langone contributed to philanthropy and the community?

Kenneth Langone's philanthropic efforts include pledging $100 million to make NYU School of Medicine tuition-free, serving as the chair of the Board of Trustees at NYU Langone Medical Center, and donating over $5 million to the Animal Medical Center in New York City. He is also a practicing Roman Catholic and a Knight of St. Gregory.