History of Marc Lore in Timeline

Marc Lore is an American entrepreneur, businessman, and investor, currently serving as founder, chairman, and CEO of the Wonder Group. He previously held the position of President and CEO of Walmart U.S. eCommerce from 2016 to 2021. Lore's appointment at Walmart followed the company's $3.3 billion acquisition of Jet.com, the e-commerce website he founded in 2014. His career highlights his success in the e-commerce sector.

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Full Timeline Career & Achievements

May 16, 1971: Marc Lore Born

On May 16, 1971, Marc Eric Lore was born. He is an American entrepreneur, businessman, and investor.

Others born on this day/year

1989: Attended Bucknell University

In 1989, after graduating high school, Marc Lore attended Bucknell University and was on the track and field team.

1989: New Jersey State Champ

In 1989, during his senior year of high school at Ranney School, Lore became the New Jersey State Champ for the 55-meter dash.

1993: Graduated from Bucknell University

In 1993, Marc Lore graduated cum laude from Bucknell University with a Bachelor of Arts in business management and economics.

1993: Began Career at Bankers Trust

In 1993, after graduating from college, Marc Lore began his career at Bankers Trust in New York City.

1996: Qualified for U.S. National Bobsled Team

In 1996, Marc Lore qualified for the U.S. National Bobsled Team but chose to stay with his banking job instead of training.

1997: Co-founded Global Association of Risk Professionals (GARP)

In 1997, while at Credit Suisse First Boston, Marc Lore and Lev Borondovsky started the Global Association of Risk Professionals (GARP) and founded the Financial Risk Manager (FRM) certification.

1998: Lost Seat on National Team

Because he chose to stay at his banking job, Marc Lore lost his seat on the national bobsled team for the 1998 Winter Olympics.

1999: Co-founded The Pit, Inc.

In 1999, Marc Lore co-founded The Pit, Inc., an Internet market-making collectible company.

2001: The Pit Acquired by Topps

In 2001, The Pit, Inc. was sold to The Topps Company, Inc. for $5.7 million, after which Marc Lore joined Topps as chief operating officer of WizKids.

2005: Founded 1800DIAPERS

In 2005, Marc Lore and Vinit Bharara founded 1800DIAPERS, which was later rebranded as Diapers.com.

2011: Diapers.com Sold to Amazon

In 2011, Diapers.com was sold to Amazon for $545 million, after which Marc Lore worked for Amazon for over two years.

2011: Named Entrepreneur of the Year

In 2011, Marc Lore was named regional Entrepreneur of the Year by Ernst & Young.

November 2014: Jet Launches Stock Option Campaign

In November 2014, Jet launched a campaign offering stock options to users, generating word-of-mouth for the company in advance of launch.

2014: Jet.com Launched

In 2014, Marc Lore launched Jet.com, an e-commerce website that was later acquired by Walmart.

January 2015: Jet Featured in Bloomberg Businessweek

In January 2015, Jet was featured in a cover story in Bloomberg Businessweek, revealing its shopping club model with a $49.99 annual membership fee.

February 2015: Jet Raised $140 Million in Funding

In February 2015, Jet raised $140 million in pre-launch funding from investors including Bain Capital Ventures, Accel Partners, and Alibaba Group.

May 2015: Beta Testers Reported Cheaper Prices

In May 2015, beta testers reported that Jet.com offered cheaper prices than Amazon, but with longer delivery times.

July 21, 2015: Jet.com Opened to the Public

On July 21, 2015, Jet.com officially opened to the public.

October 2015: Jet Eliminates Membership Fee

In October 2015, Jet eliminated its $49.99 annual membership fee.

August 8, 2016: Walmart Agreed to Acquire Jet.com

On August 8, 2016, Walmart announced it had agreed to acquire Jet.com for $3.3 billion, and Marc Lore was appointed president and chief executive officer of Walmart U.S. eCommerce.

September 2016: Appointed President and CEO of Walmart U.S. eCommerce

In September 2016, Marc Lore was appointed president and CEO of Walmart U.S. eCommerce, following Walmart's acquisition of Jet.com.

2016: Highest-Paid Executive in America

After Jet.com's acquisition in 2016, Marc Lore made headlines as the highest-paid executive in America.

2017: Walmart Launched Store No. 8

In 2017, Walmart and Marc Lore announced the launch of Store No. 8, a technology incubator based in Silicon Valley.

2018: Founded Wonder Group

In 2018, Marc Lore founded Wonder Group, a food delivery startup, where he serves as chairman and CEO.

2018: Walmart's E-Commerce Division Incurred Large Losses

In 2018, Walmart's e-commerce division incurred losses of approximately $1.4 billion.

2019: Walmart's E-Commerce Division Incurred Large Losses

In 2019, Walmart's e-commerce division incurred losses of approximately $1.7 billion.

2019: Gwyneth Paltrow Called Lore a Mentor

In 2019, actress and entrepreneur Gwyneth Paltrow called Marc Lore a mentor and business coach.

March 2020: Beat Jerry Rice in 40-Yard Dash

In March 2020, Marc Lore publicly challenged and beat Hall of Fame football player Jerry Rice in the 40-yard dash for St. Jude Children's Research Hospital.

May 19, 2020: Walmart Shut Down Jet

On May 19, 2020, Walmart announced that it was shutting down Jet, directing visitors to use Walmart.com instead.

September 2020: Bid to Buy the New York Mets

In September 2020, it was reported that Marc Lore was working alongside Jennifer Lopez and Alex Rodriguez in a bid to buy the New York Mets, but the deal did not go through.

2020: Dubbed the LeBron James of e-commerce

In 2020, Marc Lore was dubbed "the LeBron James of e-commerce" by businessman Matt Higgins.

February 2021: Invested in Archer Aviation

In February 2021, Archer Aviation announced that Marc Lore would be investing an additional $10 million as the company announced their $1 billion purchase order from United Airlines and a SPAC.

April 10, 2021: Signed Letter of Intent to Purchase Timberwolves and Lynx

On April 10, 2021, Marc Lore and Alex Rodriguez signed a letter of intent to purchase the Minnesota Timberwolves and Minnesota Lynx from Glen Taylor.

May 12, 2021: Launched Vision Capital People (VCP)

On May 12, 2021, Alex Rodriguez and Marc Lore announced a new venture capital firm called Vision Capital People (VCP).

May 2021: Appeared on NFL Network for Charity

In May 2021, Marc Lore appeared alongside Ray Lewis on the NFL Network's coverage of the NFL Draft for St. Jude Children's Research Hospital, raising over $1.7M for charity.

July 21, 2021: Named Investor of Tornado

On July 21, 2021, Marc Lore, Alex Rodriguez, and Dave Portnoy were named as investors of online brokerage firm, Tornado.

September 2021: Announced Telosa City Project

In September 2021, Marc Lore announced Telosa, a city he is building from scratch with a target population of 5 million people by 2050.

September 2021: Telosa Announced

In September 2021, Marc Lore announced his next venture, Telosa, a multi-decade project to build a city of the future.

December 2021: CNBC Reported on Lore's Involvement in Wonder

In December 2021, CNBC reported on Marc Lore's involvement in Wonder, highlighting his ambition to redefine at-home dining.

2021: Wonder Received $500M in Venture Funding

According to Fortune magazine, as of 2021, Wonder had received $500M in venture funding from various partners.

2021: Stepped down from Walmart

In 2021, Marc Lore stepped down from his role at Walmart.

November 2023: Wonder Acquired Blue Apron

In November 2023, Wonder acquired Blue Apron.

March 2024: Wonder Announced a $700M Fundraising Round

In March 2024, Wonder announced a $700M fundraising round.

November 2024: Wonder Bought Grubhub

In November 2024, Wonder bought Grubhub from Just Eat Takeaway for $650 million.

2024: Taylor Claimed Delayed Payment

In 2024, Glen Taylor claimed a delayed payment invalidated the deal to transfer ownership of the Minnesota Timberwolves and Minnesota Lynx to Alex Rodriguez and Lore.

May 2025: Wonder Announced a $600M Fundraising Round

In May 2025, Wonder announced a $600M fundraising round that brought Wonder's valuation to $7 billion.

2025: Arbitration Panel Decided in Favor of Lore and Rodriguez

In 2025, an arbitration panel decided in favor of Marc Lore and Alex Rodriguez in their deal to purchase the Minnesota Timberwolves and Minnesota Lynx.