"Last Wednesday was a disgrace," added Langone, the billionaire co-founder of Home Depot who has donated over the years to Republicans. It breaks my heart for sure. Kenneth Langone, co-founder of Home Depot and No. The Home Depot co-founder Ken Langone alleged the Democrat’s plan would not have the desired effect on the wealthy and it would instead hurt the middle class in an interview on Fox Business’ “Mornings with Maria.” “I don’t know if there’s any of us that have done well that will have a problem with paying more taxes, but it’s a ruse to think that hitting us and us alone … Ken Langone is a businessman from United States of America. The grandson of Italian immigrants, Langone dug ditches for the Long Island Expressway before he went to Bucknell University to study economics. He is renowned as a co-founder of The Home Depot. How Charitable Are The 2020 Presidential Candidates? Langone blasted Trump’s attempts to overturn the 2020 election results and pledged to help President-elect Joe Biden “be the best president we ever had.”, “I feel betrayed,” Langone told CNBC in a Wednesday interview. The Home Depot announced that it will contribute $1 million in grants to support campus improvements at Historically Black Colleges and Universities (HBCUs). Home Depot co-founder Ken Langone on GameStop stock volatility, the mass exodus from high-tax states to Florida, and NYU Langone vaccine distribution.Home Depot co-founder Ken Langone, while discussing the short-selling frenzy on Thursday, warned that investing in GameStop is "I think the biggest mistake anybody is going to make … “… Last Wednesday was a disgrace, it should never have happened in this country, and if it doesn’t break every American’s heart, something’s wrong. "It breaks my heart, for sure," Langone said. These billionaires have made fortunes together. The grandson of Italian immigrants, Langone … Max Levchin's Affirm surges in Nasdaq debut, This story has been shared 59,935 times. Bernard Baruch said "I got rich by selling soon." In a letter published online Wednesday, the former hedge fund manager and Goldman Sachs alum criticized Warren for her wealth tax proposal. The successful businessman has been on … Thanks for contacting us. Do You Work at Home Depot? Home Depot Co-Founder Ken Langone applauds Gov. Who is Ken Langone. They’re nearly all millionaires. which quickly became a New York Times Bestseller. In 1978, Ken Langone made an early investment in Home Depot and became a cofounder with Arthur Blank and Bernard Marcus, now billionaires. Stephen Schwarzman, Diane Hendricks, Steve Wynn: About 14% of America’s billionaires donated to Donald Trump’s reelection campaign, according to an analysis of records filed with the Federal Election Commission. Email; Tweet; Bio: A graduate of Bucknell University, Ken Langone went on to study at the NYU Stern School of Business, where he enrolled in a night class program, now known as the “Langone Program,” … "It should never have happened in this country. 5 Behaviors Of Highly Successful Business People: Takeaways From Home Depot Cofounder Ken Langone, This Self-Made Billionaire Reminds Americans That Only Capitalism Creates Wealth, The Story Of Ken Langone, The Visionary Behind Home Depot, What Does A Billionaire Office Look Like? Avid investor and philanthropist Ken Langone lets Forbes into his office on the 22nd floor of Manhattan’s Seagram Building. He was elected as director of Yum! For the direct communication with Ken Langone, you can make a direct call at his office phone number. Billionaire Ken Langone, one of the founders of The Home Depot, grew up poor. Billionaire Ken Langone, founder of The Home Depot, has long supported President Donald Trump. He is also an investor. His father used to work as a plumber and mother as cafeteria worker. I believe this is a lesson many Americans need to be reminded of. "I didn't sign up for that.". Langone is a prolific donor to GOP candidates — he and his wife, Elaine, made nearly $517,000 in political contributions over the last two years, $496,500 of which went to Republicans, according to the Center for Responsive Politics. Post was not sent - check your email addresses! Your California Privacy Rights Innocent GameStop investors will get 'burned': Home Depot co-founder Ken Langone . Ken Langone — the billionaire Home Depot co-founder and Republican megadonor — said he feels “betrayed” by President Trump after last week’s siege on the Capitol. Ken Langone, who made his billions as a financier of Home Depot, has a new book out called “I Love Capitalism.” Last week, we asked for actual Home Depot employees to tell us whether their job makes them love capitalism. Home Depot co-founder Ken Langone … Brands effective October 7, 1997, and is a member of the Audit Committee. January 13, 2021 | 2:27pm | Updated January 13, 2021 | 2:55pm. That’s capitalism at its best." Ken Langone, billionaire co-founder of Home Depot, explained at the Cornerstone Macro Conference that only capitalism creates wealth, which is then freely redistributed. John Travolta lists Maine house for $5M after wife Kelly Preston's death, Entire school board resigns after members get caught mocking parents, Columbia professor: I do heroin regularly for 'work-life balance', Ted Cruz's family seen soaking up the Cancun sun while Texas shivers, Worst dad ever runs off with girlfriend's mom day after birth of his son, Prince William 'sad and shocked' by Harry's behavior toward the Queen: report, Mom says she's bullied by fellow parents for selling sexy snaps on OnlyFans, Deal reached in sexual assault suit against James Franco, ‘Allen v. Farrow’: What to Know Before The HBO Series, © 2021 NYP Holdings, Inc. All Rights Reserved, Hoax device meant to look like a bomb removed from Home Depot: cops, Home Depot ceiling fans recalled after reports of blades flying off, Faux tannenbaum! “I feel those people who sought to stop the process were ill-advised,” he added. In 1978, Ken Langone made an early investment in Home Depot and became a cofounder with Arthur Blank and Bernard Marcus, now billionaires. Ken Langone, Home Depot co-founder, on why capitalism works - YouTube 1K Per Month? Socialism creates little to no wealth and redistributes poverty. But after the Trump’s rhetoric incited a violent mob to storm the capitol, targeting Congress and ultimately leaving five people dead, Langone says he’s done with Trump and ready to move on and support... 4.8K4.8K 743 Comments 581 Shares His financial prowess enabled Bernie Marcus, Arthur Blank and Pat Farrah to develop a new mega concept that opened in Atlanta in 1978. “Going through the court system to try and get some results — he exhausted everything, it was over,” Langone told CNBC. Philanthropic efforts, not net worth, are the true measure of a man, the Home Depot co-founder says. Lowes should be devoting itself to building a creative environment for its employees. During Covid-19, Home Depot Made Our Better Angels Shine, These Billionaires Built Their Businesses Together. The Home Depot Inc Office Phone Number is 1-770-433-8211. Longtime Republican billionaire donor heavily criticized President Trump’s actions following the 2020 presidential election in an interview with CNBC on Wednesday. Mary Meisenzahl. “All I care about is one thing: Jan. 20, Joe Biden’s going to be sworn in as president and I’m going to work my ass off any way I can because I win — if he’s a great successful president, we all win,” he said. Billionaire Home Depot co-founder Ken Langone is slamming Donald Trump, following the Capitol riot, saying he feels "betrayed" by the outgoing U.S. President.During an appearance on CNBC's Squawk Box, Langone lambasted Trump for his behavior and rhetoric leading up to the insurrection in Washington D.C. on Jan. That’s Ken Langone, the billionaire co-founder of Home Depot HD, +0.74%, explaining to CNBC on Wednesday why he feels “betrayed” by … Home Depot co-founder Ken Langone said Wednesday that Democrat presidential nominee Joe Biden’s tax plan would put the middle class “in peril.” Langone appeared on the Fox Business show Mornings with Maria on Wednesday, saying that middle class families will feel the pinch of Biden’s tax plan even though Biden had claimed the wealthy would pay more in taxes and that … Early Life (Childhood) Ken Langone was born on September 16, 1935 in Roslyn Heights, New York, United States. The response has been overwhelming. They’re going to get burned badly.” Now they’re spending some of their riches on opposing candidates. 6. Now They’re Split On Trump Vs. Biden, Earnings Preview: What To Expect From Home Depot On Tuesday, Cut Costs The Hard Way: Put People Before Short-Term Profit, Billionaire Leon Cooperman To Elizabeth Warren: ‘Your Vilification Of The Rich Is Misguided’. Home Depot is expected to earn $2.27/share on $27.23 billion in revenue. © 2021 Forbes Media LLC. Money was tight, to say the least. The Whisper number is the Street's unofficial view on earnings. Home Depot co-founder Ken Langone, 82, was born into a family with a lot of love, but not a lot of money. Home Depot co-founder Ken Langone, while discussing the short-selling frenzy on Thursday, warned that investing in GameStop stock is a “risky proposition.” “A lot of innocent, unknowing people are getting involved in something like this,” Langone said on FOX Business’ “Mornings with Maria.” “They’re going to get burned. The co-founder of "the Home Depot" and former director of the New York Stock Exchange owns this house. 39,161, © 2021 NYP Holdings, Inc. All Rights Reserved Ken Langone, Co-Founder - The Home Depot. School is tuition-free. More stories about Home Depot co-founder Ken Langone. DeSantis for his handling of the coronavirus, bringing in new industries to the state and boosting the economy. 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. Home Depot is delivering hope during the pandemic with its Ken Krew's program whose mission is to mainstream young adults with disabilities into the workforce. Do Not Sell My Personal Information. Sitemap Two are even billionaires. I didn’t sign up for that.”. It is vividly described in Langone's new book "I Love Capitalism! Interesting Facts. Kenneth G Langone is Chairman/President/CEO/Founder at Invemed Assoc Inc. See Kenneth G Langone's compensation, career history, education, & memberships. Home Depot Co-Founder Ken Langone applauds Gov. On The Home Depot: “3000 kids that started [pushing shopping carts], today, are multimillionaires. Home Depot co-founder Ken Langone said the soon-to-be critical need for doctors spurred he and his wife, Elaine, to donate $100 million … Kenneth Langone is a venture capitalist, investment banker and financial backer of The Home Depot, and a former director of the New York Stock Exchange. The program, which was established back in 2009, has emphasized HBCUs’ vital role in the … He donated $10 million to NYU's part-time MBA program in 1999 and $200 million to the university's medical center in 2008, which was renamed NYU Langone Health. Here Are The Billionaires Who Donated To Donald Trump’s 2020 Presidential Campaign, Home Depot Cofounder Ken Langone Says He Feels ‘Betrayed’ By Trump Following The Capitol Hill Riot, Billionaire Ken Langone Says He Feels 'Betrayed' By Trump, Vows To Support Biden, Bachelor of Arts/Science, Bucknell University; Master of Business Administration, Leonard N. Stern School of Business. Privacy Notice Neither of his parents went to high school. - Ken Langone. Langone, who gave $200 million to NYU's hospital a decade ago, pledged $100 million to its School of Medicine in August. Sorry, your blog cannot share posts by email. In Pressprich, he climbed the executive ladder till he became the company’s president in 1969. Langone is also a trustee of New York University. "I am a great believer that if a business succeeds it succeeds essentially because of the people." Your Ad Choices His dad was a plumber and his mom worked in the school cafeteria. Ken Langone made his grand entrance into the world on September 16, 1935. The grants will be distributed through its annual Retool Your School program, for which voting is now open. Meanwhile, the so-called Whisper number is $2.29. Yet they’re not exactly the most philanthropic bunch. What they lacked in material things, they made up for in unconditional love and richness of family and community. A devout Catholic, he donated $100,000 to the restoration of the Notre Dame Cathedral. All Rights Reserved. Inside Home Depot Cofounder Ken Langone's, Billionaire Ken Langone Calls Lists Like Forbes 400 'Destructive'. We've received your submission. Terms of Use Home Depot co-founder Ken Langone says once an effective coronavirus vaccine is widely available a 'period of prosperity' will follow. Asked whether Trump should be impeached — a step the House was moving toward Wednesday — Langone responded bluntly: “I don’t care.”. All Rights Reserved, Photo by Jamel Toppin/The Forbes Collection. His Italian-American parents were working-class citizens. Do Not Sell My Personal Information, Your California Privacy Rights 58,655, This story has been shared 39,161 times. In 2018, he published his memoir "I Love Capitalism!" Home Depot co-founder and major GOP donor Ken Langone says he feels 'betrayed' by Trump after Capitol riots . Ken Langone was cofounder of The Home Depot. 714 on Forbes' global billionaires list, speaks at Adelphi University on Wednesday, April 22, 2015. 2021-01-13T16:57:40Z The letter F. … But he suggested that the Capitol rioters were wrong to try to stop Biden from taking office by disrupting Congress’ counting of electoral votes last week. I got rich by never selling. Ken Langone — the billionaire Home Depot co-founder and Republican megadonor — said he feels “betrayed” by President Trump after last week’s siege on the Capitol. According to Forbes Magazine, Ken Langone … Ken Langone is an 85 year- old American billionaire, businessman and investor, most known for organising financing for the founders of Home Depot. At the age of 25 years, Ken began working for R.W Pressprich Company with the role of helping develop new business, and that’s how he began his business career. DeSantis for his handling of the coronavirus, bringing in new industries to the state and boosting the economy. © 2021 Forbes Media LLC. Instead it's buying back its own stock to inflate share price. In 1974 he 57 min ago Fox Business. The Home Depot is the largest home improvement retailer in the United States, ahead of rival Lowe's, and the second-largest general retailer in the United States, behind only Wal-Mart. His dad worked as a plumber, and his mom was a cook in a school cafeteria. 59,935, This story has been shared 58,655 times. Now, we do not have the Ken Langone office fax number. Home Depot co-founder Ken Langone, while discussing the short-selling frenzy on Thursday, warned that investing in GameStop stock is a … The 85-year-old financier has reportedly supported some of Trump’s economic policies, such as his tariffs on China, and made a $2,700 donation to the president’s 2016 campaign, federal records show. : An American Story.". Christmas tree supplier accuses stores of fir fraud, Huge Home Depot skeleton repurposed for Thanksgiving, Christmas displays, according to the Center for Responsive Politics, The 12 best and most comfortable office chairs to buy in 2021, Where to buy the best CBD products: 8 companies with the best reviews, Where to buy Beyoncé's 'Icy Park' Adidas x Ivy Park designs, Picking Rebel Wilson’s next boyfriend amid Jacob Busch breakup. NEW YORK (Reuters) - Kenneth Langone, a former New York Stock Exchange director and Home Depot co-founder, said he steered clear of accused swindler Bernard Madoff after getting a … In the early 90s, the billionaire-to-be's passion for the retailer he co-founded led one fund manager to make a lucrative bet on its stock.