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Grizzly Bulls’ Billionaires Index

⬅ # 830 Morris Chang|# 832 Wesley Batista ➡

# 831 Eric Lefkofsky 

$3.84B

Real Time Net Worth
as of 7/2/2024
-$1.2M (-0.03%)

# 831 Eric Lefkofsky 

$3.84B

Real Time Net Worth
as of 7/2/2024
-$1.2M (-0.03%)
OccupationCofounder, Groupon; Founder, Tempus
Source of WealthGroupon, Investments
Age54
ResidenceGlencoe, Illinois
Marital StatusMarried
Children3
EducationBS, University of Michigan; JD, University of Michigan
Age-Adjusted Net Worth$5.76B
Eric Lefkofsky
Eric Lefkofsky
United States
Net worth: $3.84B

Self-Made Score 

Wealth History

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Biography

Overview

Eric Lefkofsky made his fortune from Groupon, co-founding it in 2008 with Andrew Mason and Brad Keywell.
He left Groupon's board in 2023 to focus on running Tempus, a healthcare startup he founded.
Lefkofsky also founded Lightbank, a VC firm with investments in over 100 companies, including Sprout Social.

Early Life and Education

Born on September 2, 1969, in Southfield, Michigan, Eric Lefkofsky grew up in a Jewish family.
His father, Bill, was a structural engineer, and his mother, Sandy, was a school teacher.
He attended Tamarack Camps as a child and later worked there as staff.
Graduated from Southfield-Lathrup High School in 1987.
Completed his undergraduate studies at the University of Michigan, graduating with honors in 1991.
Received his Juris Doctor from the University of Michigan Law School in 1993.

Entrepreneurial Ventures

In 1999, Lefkofsky co-founded Starbelly, an Internet company specializing in promotional products, which was later sold to Halo Industries.
Co-founded InnerWorkings in fall 2001, providing print procurement services, which went public in August 2006.
Co-founded Echo Global Logistics in February 2005, a freight logistics company that went public on NASDAQ.
Co-founded MediaBank in June 2006, which merged with Donovan Data Systems to create Mediaocean in 2012.
Provided initial funding for ThePoint.com in January 2007, later rebranded as Groupon.
Founded Tempus in 2016, a technology company focused on personalized cancer care, where he serves as CEO.

Philanthropy

Established The Lefkofsky Family Foundation in 2006 with his wife, Liz, to support impactful initiatives.
Joined The Giving Pledge in 2013, committing to donate a significant portion of his wealth.
Supports organizations advancing human life quality, funding over 50 organizations to date.
Serves as a trustee of Steppenwolf Theatre Company, Lurie Children’s Hospital of Chicago, The Art Institute of Chicago, and World Business Chicago.

How long would it take you to become as rich as Eric Lefkofsky?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Eric Lefkofsky's net worth of $3.84B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

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Eric Lefkofsky is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Eric Lefkofsky, Groupon and Investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey