Kenneth Langone

About Kenneth Langone

Birth Day: September 16, 1935
Birth Place: Sands Point, New York, United States
Residence: Sands Point, New York.
Alma mater: B.A. Bucknell University New York University Stern School of Business
Occupation: Businessman
Known for: Helped arrange financing for the co-founders of The Home Depot
Spouse(s): Elaine Langone
Children: Kenneth Gerard Langone Jr. Stephen Langone Bruce Langone

Kenneth Langone

Kenneth Langone was born on September 16, 1935 in Sands Point, New York, United States. In 1978, Kenneth Langone made an early investment in Home Depot and became a cofounder with Arthur Blank and Bernard Marcus, now billionaires. The grandson of Italian immigrants, Langone dug ditches for the Long Island Expressway before he went to Bucknell University to study economics. After two years in the U.S. army, he made a name for himself on Wall Street, taking Ross Perot Sr.'s Electronic Data Systems public in 1968.
Kenneth Langone is a member of Investments

Does Kenneth Langone Dead or Alive?

As per our current Database, Kenneth Langone is still alive (as per Wikipedia, Last update: May 10, 2020).

🎂 Kenneth Langone - Age, Bio, Faces and Birthday

Currently, Kenneth Langone is 88 years, 7 months and 3 days old. Kenneth Langone will celebrate 89rd birthday on a Monday 16th of September 2024. Below we countdown to Kenneth Langone upcoming birthday.

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Popular As Kenneth Langone
Occupation Investments
Age 88 years old
Zodiac Sign Libra
Born September 16, 1935 (Sands Point, New York, United States)
Birthday September 16
Town/City Sands Point, New York, United States
Nationality United States

🌙 Zodiac

Kenneth Langone’s zodiac sign is Libra. According to astrologers, People born under the sign of Libra are peaceful, fair, and they hate being alone. Partnership is very important for them, as their mirror and someone giving them the ability to be the mirror themselves. These individuals are fascinated by balance and symmetry, they are in a constant chase for justice and equality, realizing through life that the only thing that should be truly important to themselves in their own inner core of personality. This is someone ready to do nearly anything to avoid conflict, keeping the peace whenever possible

🌙 Chinese Zodiac Signs

Kenneth Langone was born in the Year of the Pig. Those born under the Chinese Zodiac sign of the Pig are extremely nice, good-mannered and tasteful. They’re perfectionists who enjoy finer things but are not perceived as snobs. They enjoy helping others and are good companions until someone close crosses them, then look out! They’re intelligent, always seeking more knowledge, and exclusive. Compatible with Rabbit or Goat.

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Famous Quotes:

Bernard Baruch said "I got rich by selling soon." I got rich by never selling.

Biography/Timeline

1960

In the early 1960s, Langone began his career at a Wall Street financial services company named R.W. Pressprich, where he helped develop new Business. In 1968 Langone met and persuaded Ross Perot into letting Pressprich handle Electronic Data Systems's IPO. In 1969, Langone would be named Pressprich’s President.

1974

In 1974, Langone left to form a new firm, named Invemed – a venture capital firm. Langone began to study the home improvement Business and eventually bought stock in Handy Dan, a home improvement chain. This led to a relationship with Handy Dan CEO Bernard Marcus and CFO Arthur Blank. Although a minority shareholder, Langone effectively protected Marcus from issues that arose between Marcus and Sanford Sigiloff, the CEO of The Daylin Corporation, Handy Dan's parent company. Marcus, however, felt that if Langone sold his interest in Handy Dan, it might actually improve his relationship with Sigiloff. Shortly after Langone sold his Handy Dan stock both Marcus and Blank were fired. Langone organized financing for Marcus and Blank to found Home Depot. Now a national chain with over 300,000 employees, it is Langone's most notable Business venture.

1997

He was elected as Director of Yum! Brands effective October 7, 1997, and is a member of the Audit Committee.

2001

Langone served on the board of General Electric in 2001.

2008

Universities Langone has contributed towards include Bucknell University, and NYU. Bucknell University has benefited from his $11 million donation, which financed a new Athletics and Recreation Center. Additionally, he has donated $6.5 million to NYU's Stern School to endow the Kenneth G. Langone Part-time Evening MBA program. In 2008, Kenneth and Elaine Langone made an unrestricted $200 million gift—the largest in the Medical Center's history—and the NYU Medical Center was subsequently renamed the NYU Elaine A. and Kenneth G. Langone Medical Center. Langone serves as the Chair of the Board of Trustees of the NYU Langone Medical Center.

2010

On July 8, 2010, Geeknet announced that Kenneth Langone was elected Chairman of its Board of Directors and is now serving as CEO.

2013

Through Home Depot, Kenneth Langone started the charitable organization Ken's Kids, which provides job training and employment to youths aged 18–21 with disabilities in Philadelphia. Langone himself financially contributes to the charity.

2017

Langone is portrayed by actor Ray Iannicelli in the 2017 HBO Films production The Wizard of Lies. In the film, Langone is depicted as one of the few people who see through the schemes of convicted Wall Street swindler Bernie Madoff. In a scene featuring Iannicelli and Robert DeNiro as Madoff, Langone forcefully rejects an offer to invest money into a new investment fund that later turns out to be fraudulent.

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