How This Serial Entrepreneur Became A Billionaire From Diapers, Basketball And Now Takeout

Marc Lore, a serial entrepreneur, has become a billionaire through a series of ventures, including Diapers.com, Jet.com, and now his latest startup, Wonder. Lore, 53, has a history of inverting old adages and taking risks, which has paid off. He and two childhood friends sold their online trading card marketplace, the Pit, for $6 million in 2001. After becoming a new parent, Lore cofounded Diapers.com, which Amazon bought for $500 million in 2010. Next, he founded Jet.com, which Walmart acquired for $3.3 billion in 2016. In 2021, Lore and Alex Rodriguez bought the Minnesota Timberwolves and the WNBA’s Minnesota Lynx for about $1.5 billion, with Lore owning about 25% of the teams. His latest venture, Wonder, aims to revolutionize takeout and delivery. Despite initial losses, Wonder is expanding rapidly, with plans to add one new storefront a week. The company is also making strategic acquisitions, including Blue Apron and Grubhub. While Wonder is not yet profitable, it is generating significant revenue, and Lore remains optimistic about its future. — news from Forbes