Ken Langone Mobile Number, Phone Number, Email ID, House Residence Address, Contact Number Information, Biography, Whatsapp, and More possible original information are provided by us here.
In the United States of America, Ken Langone is well-known as a successful businessman, investor, and philanthropist. The fact that he helped get financing for the founders of The Home Depot is probably what earns him the most fame. He entered the world on September 16, 1935, in Roslyn Heights, New York. Now, in this very instant, he would be 85 years old. His dad worked as a plumber, and his mom was a waitress, so they had enough money to get by. The Langones are a compassionate family that don’t have a lot of money, so the saying goes. He earned his MBA from Bucknell University and his undergraduate degree from New York University.
With his wife, Elaine Langone, he has produced three children whom he has named Kenneth G. Jr., Stephen, and Bruce Langone. In the early 1960s, when Langone was just getting started in his field, he joined the ranks of R.W. Pressprich, a Wall Street-based financial services firm. There, he participated as a pioneer in the formation of new companies. At a meeting with Ross Perot in 1968, Langone managed to persuade him to give Pressprich control of Electronic Data Systems’ IPO. Langone and Perot had already met prior to this discussion. After a successful campaign in 1969, Langone was elected president of Pressprich. The first venture capital firm was founded in 1974 by the same entrepreneur who founded Langone.
Thanks to Langone’s investment, Marcus and Blank were able to get Home Depot off the ground. Perhaps the most well-known of Langone’s business ventures was the launch of a nationwide retail chain that has since grown to employ over 400,000 people. In the years between 1999 and 2003, when he stepped down as chairman of the New York Stock Exchange, Langone presided over the Compensation Committee. In 2004, then-Attorney General Eliot Spitzer filed a lawsuit requesting that Richard Grasso, the ex-Chairman of the New York Stock Exchange, repay $100 million of the entire pay package that he earned from the NYSE, which was $139.5 million. Spitzer, the current Attorney General of New York, is the one who brought suit against Grasso.
The complaint claims that Langone was the one to settle on a salary. Despite the fact that the NYSE was informed of the impending verdict, Langone maintains that the remuneration packages do not violate the constitution. In a ruling dated July 1, 2008, the New York State Court of Appeals dropped all charges against Grasso. The Attorney General’s office could no longer pursue criminal charges against Grasso since the NYSE had rebranded itself as a for-profit enterprise. This measure was taken as a result.
A multitalented Italian-American entrepreneur, founder, banker, and philanthropist, Kenneth Gerard Langone Sr. has achieved extraordinary success. His initials, KSG, are also commonly used when referring to him. When Ken Langone started out, he had little money, but he eventually amassed a fortune. Considering that he came from nothing and founded Home Depot, his life’s journey is very remarkable.
We’ll know he’s done a good job of managing his company by 2020, when it has climbed to number 26 on the Fortune 500 list. He has earned renown as a savvy financier in the business community. Ken Langone has had a successful career as an entrepreneur and has served as CEO for a wide variety of enterprises and well-known brands. He pioneered the formation of a venture capital firm in 1974, which prepared the ground for the successful launch of Home Depot the following year. The foundation of the business was built by this corporation. He was one of the company’s early founders alongside a sizable group of investors.
Following his graduation from college, Ken Langone enlisted in the United States Army and served for two years. In recognition of his bravery during this time, he was awarded the Purple Heart. Mr. Langone joined R.W. Pressprich & Company as an associate in 1961 after deciding to pursue his interest in the Wall Street business. It didn’t take him long to work his way up the ranks at Pressprich, and he is now the company’s Executive Vice President. Successful businessman Ken Langone has become a household name. Because of this, Ross Perot, another Texas business mogul, and Electronic Data Systems hired him to join their young team. Given the chance, Langone made the most of it.
Ken Langone took Electronic Data Systems public in 1968 at a price of $16.50 per share, or an astonishing 118 times the company’s earnings. After reaching this extraordinary professional high point, Ken Langone continued to work with Ross Perot as counsel for Perot’s presidential campaign. After that, Ross Perot ended his stint as president and COO of the firm by promoting Ken Langone to those positions. Ken Langone and Ross Perot are still in regular contact with one another now.
Investment firm Invemed Associates, Inc. was founded by Ken Langone in 1974. The Park Avenue office of this small investment bank. The inception of the bank was driven by a desire to help finance the launch of innovative healthcare businesses. The first membership fee for Ken Langone’s seat on the New York Stock Exchange was $60,000. It’s official: this deal closed. Later, he decided to sell his seat for $1.5 million, furthering the public’s perception of him as a savvy businessman with a penchant for snapping up deals and reselling them at a profit. Ken Langone responded to this achievement by saying, “I’m making 500 percent of my money,” a play on his earlier comment.
Ken Langone earned $5 million while employed by Ivan, a medical electronics business, a year later. He eventually assumed control and sold the business to Eli Lilly in 1977 for shares. With the closing of this acquisition, Eli Lilly now owns a medical instruments division that started off little but has grown to be worth several billion dollars. Ken Langone started out as an intern at Eli Lilly, but today he is one of the company’s most influential shareholders.
During the early stages of his career, Ken Langone tried his hand at a wide range of businesses, not all of which were financially fruitful for him. Ken Langone gained valuable perspective into the importance of being honest and taking responsibility for one’s financial situation as a result of his business dealings with Stirling Homes Corp. The Stirling Brothers lied to Ken Langone about the financial ramifications of a business deal.
Ken Langone has decided to take a more active role in the future business operations in which he is involved as a result of the unfortunate turn of events. He began investigating potential investments on his own time, paying close attention to how much the character of the people involved reflected that of the company. He was also very cognizant of the returns that could be made on his investments. Ken Langone was so impressed by his experience with Handy Dan that the company changed its name to honor him.
He reasoned that it would do him well to remain unyielding in his pursuit of honesty. Ken Langone made it a point to look into each Handy Dan location before making an investment. When asked what prompted the choice, he explained, “I want to be well-versed in a company’s inner workings before making an investment in its stock. Please don’t interrupt me right now.” Ken Langone made it a point to learn as much as he could about the company and weigh the advantages and disadvantages of investing in it before he decided to buy a 14% stake.
Because of Ken Langone’s business activities, he became acquaintances with Bernard Marcus, CEO of Handy Dan. When Bernard Marcus had a falling out with Sanford Sigiloff, an official at the corporation with which Handy Dan, Inc. is associated, Ken Langone sided with Marcus. As a result of the company’s actions, Handy Dan was compelled to buy out Ken Langone and consequently fired both Marcus and his CFO, Arthur Blank.
Ken Langone, Bernard Marcus, and Arthur Blank started their own home renovation company as a direct result of the events described. What would eventually become Home Depot, an international company, had its beginnings here. Ken Langone’s company, Inversed Associates, Inc., made it possible for him to make a monetary donation to the cause. In the year 1978, Atlanta, Georgia was the site of the first Home Depot store to open for business. More than 300,000 individuals are currently employed at Home Depot across a wide range of U.S. locations.
Ken Langone, a legendary businessman, is going strong even after so many years in the game. He first founded Home Depot, and then he built the textile conglomerate Unifi, Inc. by acquiring and merging several smaller textile companies. In addition, he was the brains behind Patlex Corporation, the firm that helped Gordon Gould secure the laser’s intellectual property rights and rake in over $190 million in royalties.
Ken Langone Phone Number, Email Address, Contact No Information and More Details
- 1 Ken Langone Phone Number, Email Address, Contact No Information and More Details
- 2 Some Important Facts About Ken Langone:-
Ken Langone Addresses:
Ken Langone, Roslyn Heights, New York, United States
Fanmail Address / Autograph Request Address:
Ken Langone Contact Phone Number and Contact Details info
- Ken Langone Phone Number: Private
- Ken Langone Mobile Contact Number: NA
- WhatsApp Number of Ken Langone: NA
- Personal Phone Number: Same as Above
- Ken Langone Email ID: NA
Social Media Accounts of Content Creator ‘Ken Langone ’
- TikTok Account: NA
- Facebook Account (Facebook Profile): NA
- Twitter Account: https://twitter.com/realkenlangone
- Instagram Account: https://www.instagram.com/kesfplanner
- YouTube Channel: NA
- Tumblr Details: NA
- Official Website: NA
- Snapchat Profile: NA
Personal Facts and Figures
- Birthday/Birth Date: 16 September 1935
- Place of Birth: Roslyn Heights, New York, United States
- Wife/GirlFriend: NA
- Children: NA
- Age: 86 Years old
- Official TikTok: NA
- Occupation: Businessman
- Height: NA
- Salary of Ken Langone: 580 crores
- Net worth: 580 crores
- Education: Yes
- Total TikTok Fans/Followers: Not Known
- Facebook Fans: Not Known
- Twitter Followers: 1,236 Followers
- Total Instagram Followers: 159 followers
- Total YouTube Followers: Not Known
Address, Phone Number, Email ID, Website
|House address (residence address)||Roslyn Heights, New York, United States|
Some Important Facts About Ken Langone:-
- Ken Langone was born on 16 September 1935.
- His Age is 86 years old.
- His birth sign is Virgo.