How Did Eric Lefkofsky Make His Money? A Look At His Business Empire

Eric Paul Lefkofsky, born on September 2, 1969, is an American billionaire businessman. He’s best known as the founder of Tempus and the co-founder of Groupon, Echo Global Logistics (ECHO), InnerWorkings (INWK), and Mediaocean. As of June 2024, he is also a co-managing partner of Chicago-based venture capital firm Lightbank.

Lefkofsky’s success stems from his entrepreneurial spirit and his ability to identify and capitalize on emerging market trends. Let’s delve into how he made his fortune:

Groupon: Lefkofsky co-founded Groupon in 2008, a daily deals website that quickly gained immense popularity. The company revolutionized the way businesses offered discounts and promotions, connecting them with consumers through localized deals. Groupon went public in 2011, reaching a market capitalization of over $17 billion at its peak. Though Groupon has since faced competition and market challenges, it remains a significant player in the online deals industry, and Lefkofsky’s role in its founding significantly contributed to his wealth.
Echo Global Logistics: Founded in 2005, Echo Global Logistics is a leading provider of technology-enabled transportation and logistics solutions for businesses. Lefkofsky’s role as a co-founder helped the company grow rapidly, and it ultimately went public in 2010. Echo Global Logistics now operates a large network of carriers and customers, offering a diverse range of services, including truckload brokerage, less-than-truckload brokerage, and freight management.
InnerWorkings: Lefkofsky’s co-founding of InnerWorkings in 2001 demonstrates his foresight in recognizing the potential of digital marketing and print management. The company provides print, marketing, and fulfillment services to businesses worldwide, helping them streamline their operations and reduce costs. InnerWorkings, like his other ventures, went public in 2005, marking another milestone in Lefkofsky’s successful entrepreneurial journey.
Tempus: Lefkofsky’s latest venture, Tempus, focuses on using artificial intelligence (AI) and big data to personalize cancer treatment. Launched in 2015, Tempus leverages its vast database of patient data to improve cancer diagnoses and treatment outcomes. This company reflects Lefkofsky’s commitment to utilizing technology to address critical societal issues, while also demonstrating his ability to identify and invest in emerging industries.