Ken Langone Net Worth

Ken Langone has an estimated net worth of $10.8 billion, according to Forbes Real-Time Billionaires, Ken Langone profile (figures as of October 20, 2026). That is up from $3.4 billion in 2019.

Ken Langone is an American businessman and investor known for helping launch The Home Depot. He started on Wall Street in the early 1960s at R.W. Pressprich, where he worked on new business. His big break came in 1968, when he persuaded Ross Perot to let the firm handle the Electronic Data Systems IPO. A year later, in 1969, he became Pressprich's president and built a stronger name in finance.

His wealth is tied mainly to investing and to Home Depot. In 1974, he formed the venture capital firm Invemed. In 1978, he made an early investment in Home Depot and became a cofounder with Arthur Blank and Bernard Marcus. Home Depot later grew into an international chain with over 450,000 employees. He also served on boards including General Electric from 1999 to 2005 and chaired the New York Stock Exchange's Compensation Committee from 1999 to 2003.

How Ken Langone built his fortune

Langone made his money through investments and dealmaking in finance. After studying economics at Bucknell University and serving 2 years in the U.S. army, he moved ahead on Wall Street. His work on the 1968 Electronic Data Systems IPO raised his profile early. In 1974, he started Invemed, his own venture capital firm. That gave him a base to back companies and arrange financing for founders with big retail plans.

His best-known business move came in 1978 with Home Depot. Langone made an early investment and became a cofounder alongside Arthur Blank and Bernard Marcus. That stake became the center of his fortune as the chain expanded internationally and reached over 450,000 employees. Beyond Home Depot, he held board seats at companies including General Electric, Geeknet, Database Technologies, ChoicePoint, Unifi, and Yum! Brands, which kept him active across business and investing.

Forbes net worth and money milestones

Forbes estimated Langone's fortune at $3.4 billion in 2019, $3.2 billion in 2020, and $4.7 billion in 2021. It then rose to $5.8 billion in 2022 before easing to $5.6 billion in 2023. The next jump was much larger, with Forbes putting him at $8.7 billion in 2024 and $9.3 billion in 2025. Those changes tracked the value of his investments, especially the long-running Home Depot stake tied to his early backing of the company.

By 2026, Forbes valued him at $10.3 billion on its World's Billionaires List, and the current figure is $10.8 billion on Forbes' real-time billionaires tracker as of October 20, 2026. Langone has also directed large sums to education and health care. He gave $10 million to NYU's part-time MBA program in 1999, $200 million to its medical center in 2008, and pledged $100 million to its School of Medicine in 2018.