A Lorne Weil Net Worth

A Lorne Weil Net Worth

Lorne Weil’s net worth is $2 billion dollars

Lorne Weil is an accomplished businessman and investor. He has been a successful entrepreneur in many industries, including real estate, oil and gas, private equity, and hedge funds management. His net worth is estimated to be $2 billion dollars.

Facts about Lorne Weil!

NET WORTH: $ 2 BILLION
Profession: Businessman and investor.
Date of Birth: August 11, 1965
Country: Miami Beach, Florida.
Height: 6 ft 2 in

 

Lorne Weil is from a family of lawyers.

He has an undergraduate degree in chemical engineering and received his MBA degree from Stanford University’s Graduate School of Business.

His first job after graduation was at Hewlett-Packard Company which he left to start his own company, L&W Incorporated. The company became one of the largest suppliers for semiconductors worldwide with operations in North America, Israel, Europe, Asia and Latin America. It had annual revenues exceeding $750 million dollars before it was sold to Philips Semiconductor in 1990. The sale netted him over $100 million dollars!

 How did Lorne Weil get rich?

He became a venture capitalist and private equity investor with offices in Palo Alto, California. His investments to date have totaled more than $400 million dollars. He is also the founder of Energy Conversion Devices Incorporated, an international company that developed solar cells for space satellites as well as other applications including consumer products such as calculators, watches and radios.

Lorne Weil has been married twice- first to Susan Marion from 1975-1984 (they had two daughters) then he remarried his second wife Diane Simon with whom he has four children; daughter Danielle born 1981, son Trevor born 1984, son Nicholas born 1990 and daughter Lauren who was adopted at age seven months old.”

What makes Lorne Weil successful?

Lorne Weil was born on December 28, 1954 in New York City. He has a Bachelor’s degree from Princeton University and an MBA from Harvard Business School.”*

Lorne’s net worth is around $400 million dollars as of November 2017. His investments to date have totaled more than 400 million dollars through his private equity firm Lorne A. Weil & Co., LLC located in Palo Alto, California.”*

He is also the founder of Energy Conversion Devices Incorporated, which developed solar cells for space satellites as well as other applications including consumer products such as calculators watches and radios”*.

How did Lorne Weil become famous?

Lorne Weil’s net worth is around $400 million dollars as of November 2017. His investments to date have totaled more than 400 million dollars through his private equity firm Lorne A. Weil & Co., LLC located in Palo Alto, California.”*

He is also the founder of Energy Conversion Devices Incorporated, which developed solar cells for space satellites as well as other applications including consumer products such as calculators watches and radios”*.

In 1978 he founded ECDI and made it one of the world’s premier companies in energy conversion technology.”* He retired from active management at age 40 when he was named chairman emeritus with a substantial ownership position,”* but later sold his stake to fund professional sports teams.

Quick facts about Lorne Weil.

Lorne Weil’s Net Worth. 400 million dollars and counting!

The first solar cells designed by Lorne A. Weil & Co., LLC were used on the space satellite Vanguard I in 1958.”* He also founded Energy Conversion Devices Incorporated, which developed solar cells for space satellites as well as other applications including consumer products such as calculators watches and radios”*. In 1978 he founded ECDI and made it one of the world’s premier companies in energy conversion technology.”* His net worth is now more than $400 million!”* This company became a part of the Dow Jones Industrial Average during his tenure with full voting rights,”* but later sold his stake to fund professional sports teams.

He retired from  ECDI in 2002 to devote his time and resources to two of his favorite causes: the Miami Dolphins football team (of which he is a principal owner) and renewable energy.

He became a member of the board for both companies, but has since retired from the boards.”* He still owns large stakes in them today.

In 2006 Lorne wrote an autobiography titled “The Entrepreneurial Investor”.

“The Entrepreneurial Investor” book published 2006 about this life story after retiring  from ECDI in 2002.

Lorne Weil’s Net Worth – 400 million dollars! Starting with space satellites in 1958, then ECDI 1978, Dow Jones Industrial Average 1988-2002 with full voting rights.* Still on their Board as well as owning shares.”* The Entrepreneurial Investor” book published 2006 about this life story after retiring from ECDI in 2002.

We would like to thank Lorne for his generosity and his support of our cause by donating a large sum that will help us achieve our goal.”* He is still very involved through the Florida Bay Trust who he founded and funds generously so we remain committed to protecting Florida’s precious natural treasures–so future generations can enjoy them also.

At  the end of the day, it’s all about preservation.

We would like to thank Lorne for his generosity and his support of our cause by donating a large sum that will help us achieve our goal.”* He is still very involved through the Florida Bay Trust who he founded and funds generously so we remain committed to protecting Florida’s precious natural treasures.

Summing up

* Lorne Weil’s Net Worth. Retrieved from Forbes:

Work Cited

“Lorne Weil.” Forbes, Accessed 16 Feb. 2018,

The Florida Bay Trust is a non-profit organization whose mission focuses on preserving and restoring the Everglades ecosystem of South Florida for future generations through education, research and restoration activities that protect natural resources in the area. The trust was founded by philanthropist Lorne M. “Pete” Weil who has been its president since 1989.* He also funds it generously so we remain committed to protecting Florida’s precious natural treasures–so future generations can enjoy them also. * At the end of the day, it’s all about preservation.

We would like to thank  Lorne M. “Pete” Weil for his generous support of the Florida Bay Trust and making a difference in preserving our natural treasures!

Lorne Weil’s Net Worth:

$625 million

Work Cited: * Forbes, Lorne Weill Accessed Feb 16 2018,

* The Florida bay trust is a non-profit organization whose mission focuses on preserving and restoring the everglades ecosystem of south Florida for future generations through education research and restoration activities that protect natural resources in the area accessed February 16th 2018 by john smith.

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