Its purpose is to advance high-impact initiatives that enhance the quality of human life in the communities they serve. I hope this will be my legacy project.. [5] He is an early investor in Uptake,[citation needed]and the managing director of Chicago-based venture capital firm Lightbank. In 2016, Lefkofsky founded Tempus,[24] a technology company that enables physicians to deliver personalized cancer care, and serves as its CEO. Subscribe, Eric Lefkofsky hasnt taken a science class since college. 0:36. In 1987 Lefkofsky attended the University of Michigan and graduated with honors in 1991. Property records indicate tech billionaire Eric Lefkofsky, who purchased a $19.5 million lakefront mansion in Glencoe in 2014, spent $30.7 million for a unit in The Surf Club Hotel and. Patriots: Atonio Mafi, G, UCLA . He is the co-founder and Chairman of Groupon (NASDAQ: GRPN), a global e-commerce marketplace, and co . Besides their now Montecito digs, Lefkosky and his longtime wife Liz maintain a packed real estate portfolio that includes a $30.7 million penthouse at Miami's Four Seasons at the Surf Club, designed by venerated architect Richard Meier, and a ski estate in Aspen. The Lefkofskys could not be reached. The lavish $3.1 billion valuation suggests investors expect his approach to make a big score, starting with cancer, then against chronic conditions like depression and diabetes. But their main home remains a $19.5 million, 100-year-old lakefront mansion in the village of Glencoe, Illinois. The mansion was not listed in the real estate multiple listing service. He is now[when?] They paid $1.525 million in 2003 for a 1.56-acre property on which now stands their six-bedroom mansion, which they had built in 2008. The offer was turned down, possibly due to anti-trust and regulatory scrutiny the deal might face. The buyer is not yet identified in public records of the sale. He is a founding partner of Lightbank, a venture fund investing in disruptive technology businesses. Billionaire entrepreneur and Groupon cofounder and CEO Eric Lefkofsky has paid $19.5 million in cash for a vintage, 15,800-square-foot mansion on 4-acres on Lake Michigan in Glencoe, the highest-price home purchase in the Chicago-area. Eric Stonestreet is set to join the cast of the Disney+ Original series The Santa Clauses. Fifteen Trailblazing Black Architects You Should Know, Past and Present, Brady Bunch Star Eve Plumb Lists Manhattan Condo, S.W.A.T. Star Lina Esco Buys Updated Midcentury Cottage on L.A.s Eastside, Ellen DeGeneres, Portia de Rossi Take Rare Loss on Montecito House, Revamped Century-Old Party House for Sale in Santa Barbara, Oprah Winfrey Sells Spare Montecito Ranch to Hollywood Filmmaker, Gloria Vanderbilts Former Townhouse Gets $11 Million Price Tag, Drakes Onetime Trousdale Estates Rental Mansion Is Back, Asking $62 Million, Luxury Auto Mogul Sets New Record for Coffee Tycoons Palm Beach Mansion. A small San Diego-based UAV startup is signaling that there is a way forward. Workhumans New Research Quantifies the Benefits of Psychological Safety in the Workplace. That's 20 percent off the $6.49 million they were asking for the Grove Street property when they listed it on the open market in February 2016 after their agent shopped it as a pocket listing for several months. Currently, Eric serves as the CEO of Tempus, a precision medicine company he founded. Missing Crain's in print? [18] In April 2010, Digital Sky Technology and Battery Ventures invested $135 million in Groupon at a valuation of $1.35 billion. There are at least five separate structures scattered around the grounds: an 8,200-square-foot main house with three bedrooms and 4.5 bathrooms, a neighboring house of about 2,100 square feet, a separate 1,400-square-foot guesthouse, a 720-square-foot, partially subterranean gym thats nestled into the hillside backyard, and a 400-square-foot security shack for a full-time bodyguard. That purchase made the Lefkofskys' longtime estate in Glencoe expendable. Eric Lefkofsky is the founder and CEO of Tempus, a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare.He is a founding partner of Lightbank, a venture fund investing in disruptive technologies.He is also the co-founder and Chairman of Groupon (NASDAQ: GRPN), a global e-commerce marketplace, and co-founder of Mediaocean, a . But as he meanders through the Chicago lab of Tempus, his medical startup, he presents an air of expertise. Lefkofsky serves on Groupon's board, but spends the bulk of his time running Tempus, the healthcare startup he founded that uses data to improve cancer treatment. Americas inability to produce weapons systems and munitions quickly, cheaply and in mass quantities may lead to its downfall. His best-known venture is Groupon; despite the deals sites disappointing share price, Lefkofsky is worth an estimated $2.7 billion. Read More . 4,900 likes. Glenview police blotter: Harwood Heights woman charged with possession of a stolen vehicle, Northbrook blotter: Police investigating robberies of two residences on Chewton Glen, Boston Bruins, after setting NHL records for wins and points, get eliminated in the 1st round with a Game 7 OT loss, Do Not Sell/Share My Personal Information. It has a two-story library, a sports court, an indoor spa and a movie theater. In 1997, Lefkofsky married Elizabeth (ne Kramer). They first listed the Grove Street house privately, off the public listing service, in fall 2015. Rosenthal then sold the estate for $6.8 million in 2002 to Helfand, who hired architect Marvin Herman to remake the mansion through a combination of demolition and expansion. ERIC ONG. The Surf Club unit, Penthouse 7 in the south tower of the condo hotel at at 9001 Collins Ave. in Surfside, Florida, was purchased through a Delaware-based LLC that shares an address with Tempus' new offices at 600 W. Chicago Ave., The Real Deal reported. Billionaire Ken Griffin, Illinois richest man, paid $58.75 million in November for the top four floors in the Near North condominium building at 9 W. Walton St., known as No. He became Groupon's CEO in 2013. Co-Managing Partner. Lefkofsky wont reveal revenues, but says it gets seven-figure fees from seven of the ten largest cancer drug companies. Eric Lefkofsky is founder and CEO at Tempus. Later news reports said they planned renovations there. Over more than a decade, the Lefkofskys assembled their estate property in Glencoe, which is relatively large by Glencoe standards. Eric Lefkofsky has 6 current jobs including Founder and CEO at Tempus, Co-founder & Managing Partner at Lightbank, and Co-Founder at Groupon. With that, the doctor prescribes a targeted therapy that can have better results than chemotherapy. Lefkofsky taught applied technology at DePaul University's Kellstadt Graduate School of Business. Mundhra met Tamparia when she used her service years ago the matchmaker even put ads in a newspaper to help find suitors. Click below to see everything we have to offer. The sale price inched past a Glencoe home that sold for $5.15 million in April to become the second-highest sale price of the year so far in the Chicago area, as well as the highest-priced sale in Glencoe. They have three children.[31][32][33]. 2023 Dirt.com, LLC. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. This story appears in the August 31, 2019 issue of Forbes Magazine. Ken Griffin, the founder and CEO of Citadel, is the 166th richest person in the world, according to Forbes' 2017 list of billionaires. Ken Griffin, the founder and CEO of Citadel, is the 166th richest person in the world, according to Forbes' 2017 list of billionaires. The remodeled Surf Club was designed by Miami-based architecture firm Kobi Karp and Pritzker Architecture Prize-winning architect Richard Meier, who announced a six-month leave of absence from his firm in March after the New York Times published allegations of sexual misconduct against him from five women. New Enterprise Associates led an early stage investment round. BILL PESCATELLO. $2.5 billion, according to our most recent tally. The 49-year-old has launched five companies worth at least $250 million apiece, each promising to transform an industry by using big data. The six-bedroom house "is reminiscent of a Hamptons classic and is the ultimate in casual luxury," according to Wexler's listing. Groupon, headquartered in Chicago, IL, is a global leader of local commerce and the place you. [17] In late 2008, the site changed its name to Groupon.com. In February 2005, Lefkofsky and Keywell created a freight logistics company, Echo Global Logistics. Mundhra eventually rejected the process and forged a "love marriage . Through a Delaware corporation, Lefkofsky in August purchased the estate from a trust whose beneficiaries are Chicago-based Equity Group co-president David Helfand and his wife, philanthropist Leslie Bluhm. Wexler did not immediately respond to a request for comment. Naturally, as one would expect at this price point, the propertys acres of rolling grounds include resort-quality amenities carefully curated gardens, a canopy of ancient oaks, hidden patios and secluded dining areas, a tennis court, and a koi pond. Read More . Crain's Chicago Business reported last year on the transaction but did not reveal the identity of the mansion's buyer. [citation needed]. If you take out the handful of older, "cold . Lefkofsky and his family were paid $398 million. 9 Walton. According to a building permit he submitted last month to Glencoe officials, he has hired Chicago-based Studio Gang Architects to design a $697,000, one-story, 800-square-foot addition that will contain a gym and a spa. On a private road, the mansion was designed by architect Howard Van Doren Shaw and built in 1917. The American military is almost wholly reliant on a constellation of 34 Global Positioning Satellites to perform just about any mission. Chief Executive Officer Eric Lefkofsky has been trying to turn Groupon into a website offering thousands of discounts to boost growth and compete with marketplaces like Amazon.com Inc. To . Get the latest scoop directly in your inbox. Access your favorite topics in a personalized feed while you're on the go. The reason is that a subsequent owner added a second story in 2006 and reclad its exterior. I always knew back then, [with] those businesses, that I would be in and out, he says. Tempus also licenses its library of anonymized data to drug companies, insurers and researchers. Click here to get the full experience on your screen. After the trade, the Jets' odds at Caesars Sportsbook to win the Super Bowl are 14-1, while the Packers' are 50-1. Groupon co-founder and Chairman Eric Lefkofsky and his wife, Elizabeth, sold a Glencoe mansion for almost $5.2 million nearly three years after buying a $19.5 million lakefront estate nearby. Tempus hopes to sequence 120,000 genomic samples for doctors this year. Eric Lefkofsky Two Tempus executives, including serial entrepreneur and billionaire Eric Lefkofsky, are behind a new drug discovery company in Chicago that's looking to raise $40 million. In January 2007, Lefkofsky provided $1 million in funding for ThePoint.com, a collective action website started by ex-InnerWorkings employee Andrew Mason. He continued on at University of Michigan Law School to receive his Juris Doctor in 1993. Also on the property is a "modern barn perfect for year-round entertaining," it says. 2 on the list is the $19 million amount that the federal government reaped in 2006 when it sold convicted insurance magnate Mickey Segal's massive Highland Park estate to builder Orren Pickell Designers & Builders, followed by the $17.6 million that Pickell fetched when it sold that same estate the following year to Medline chief operating officer Jim Abrams. Eric Hosmer launches a ball to deep right-center field for his second home run of the year, tying the game at 1. But we took a more cautious approach. They ran a head-to-head comparison involving gastrointestinal cancer between Tempus and Foundation Medicine; Tempus fared well. Sign up for notifications from Insider! ERIC LEFKOFSKY. Eric Lefkofsky was born September 13, 1969 in Detroit, Michigan. In 2014, Lefkofsky and his wife set a Chicago-area home purchase price record when they paid $19.5 million in cash through a Delaware limited liability company for a vintage, 15,800-square-foot mansion on 4 acres on Lake Michigan in Glencoe. Send us a tip using our anonymous form. Eric Lefkofsky. Last month, Elon Musk signed on to a proposal that companies currently developing artificial intelligence tools pause for at least six months. This photo shows a rendering of the lobby. Tempus is predicated on the theory that information, lots of it, will enable doctors to personalize cancer treatments and make them more effective. Among the offerings Collins Aerospace displayed at this weeks Army Aviation Mission Solutions Summit (Quad A) was a new integrated seat solution for military helicopters including the Armys forthcoming Future Vertical Lift (FVL) aircraft. After a girlfriend dumped him in college, Lefkofsky started his first business, selling carpets. The French Normandy-style home is a jaw-dropping 15,800 square feet, complete with a swimming pool and tennis courts. Dirt is a part of Penske Media Corporation. Lefkofsky spent a few years dabbling on other projects, including Uptake (predictive analytics for heavy industry). Here Now, the Priciest Home Sale in the Chicago Area Ever [Curbed Chicago], recent sale of the large raw penthouse in the Trump Tower, Groupon co-founder pays $19.5 million for Glencoe mansion, Here Now, the Priciest Home Sale in the Chicago Area Ever, Cubs player Jason Kipnis buys $2.8 million mansion in Old Town, Actress Sophia Bush sells lofty West Loop penthouse for $1.97M, Dallas Keuchel, new pitcher for Chicago White Sox, buys $2 million house in Lakeview, Blackhawks goalie Corey Crawford drops $4.1M on West Loop condo, Blackhawks captain Jonathan Toews sells Gold Coast condo for $6.95M, Ex-Bear Brandon Marshallsells Michigan Avenue penthouse for a loss. As a result, few details are available about the interior of the mansion. Can you really know the business value of something so technical as enterprise storage? Features in the mansion include nine full baths, two half baths, an open floor plan, a two-story paneled library, an indoor spa, a large screened porch, a sport court, an exercise room and a movie theater. Stay up to date with what you want to know. Lefkowsky was the co-founder in 2007 of an online site that became Groupon, the deals and coupons site where he is now chairman. Electric burner who's subtly elusive. A little more than a year later, the company went bankrupt, and the firm faced multiple lawsuits from shareholders, all of which were resolved by 2004. The combined site is more than an acre and a half. The expansion will reportedly cost $697,000. We want to hear from you! At the Kellogg School of Management at Northwestern University, he taught a course in disruptive business models. At Harley-Davidson, a repo shortage is hitting the bottom line, Booth, Kellogg top the U.S. News ranking of best MBA programs, New lawsuit over 'brazen' moves in Maple & Ash restaurant feud, Judge temporarily blocks Illinois' assault weapons ban, A 'ComEd Four' prosecutor finally explains why some executives weren't charged. Eric Paul Lefkofsky (born September 2, 1969) [2] is an American billionaire businessman. American billionaire businessman (born 1969), Lefkofsky, E: "Accelerated Disruption", page 15, Easton Studio Press, 2007, Lefkofsky, E: "Accelerated Disruption", dust jacket, Easton Studio Press, 2007, Learn how and when to remove this template message, University of Chicago Booth School of Business, "Groupon CEO Eric Lefkofsky the Man Behind $19.5M Home Sale", "Wild and Crazy Self Made Billionaires with Infographic of Entrepreneurs", "Groupon Names Eric Lefkofsky CEO, Shares Rise On Q2 Earnings", "What Does It Mean To Be Jewish Today? Vistex CEO Sanjay Shah's recent $17 million purchase of the top-floor penthouse unit in the Trump International Hotel & Tower, Pickell's $16 million purchase of a Lake Bluff estate in 2007, Billionaire Citadel founder Ken Griffin's $15 million purchase of a full-floor penthouse condo in the Park Tower in 2012, Billionaire J.B. Pritzker's $14.5 million purchase of a Gold Coast mansion in 2006, Griffin's $13.3 million purchase last year of a condo in the Waldorf Astoria building, John B. Harris' $13 million purchase of a Gold Coast mansion. [26][27], Lefkofsky is on the board of directors at Children's Memorial Hospital in Chicago, the board of directors of The Art Institute of Chicago, the board of directors of The Museum of Science and Industry, and a Trustee of Steppenwolf Theatre Company[28] He is a board member of World Business Chicago, and serves as co-chairman of its Technology Council.[29]. The property contains a pool and a tennis court. [6], Lefkofsky grew up in a Jewish family. Lefkofsky, 47, co-founded Chicago-based marketing execution firm InnerWorkings in 2001 and then started several other companies before co-founding Groupon under its previous name, ThePoint.com, in 2007. It attracted financing from New Enterprise Associates, and went public on the NASDAQ under the symbol 'ECHO' in June 2006. Since the home was never publicly listed and was purchased through a Delaware-based limited-liability company, the buyer was kept secret until now. They had one last year, a Thursday night home game against the Jacksonville Jaguars. Will hit home runs at the NFL level. He was Groupon's CEO from 2013 until late 2015, when he stepped back to resume his previous role as chairman. They also still own a $42.5 million mansion in Beverly Hills, purchased from Adam Levine in 2019, and a modest Montecito condo thats likely a residence for staff or family members. [13], In June 2006, Lefkofsky and Keywell founded MediaBank, a company providing technology for advertising buyers. . Tempus identifies a mutation in the gene for epidermal growth factor receptor, which causes cells to grow and divide too much. Eric Lefkokfsky Founder, Tempus, Groupon Panelist, Connect to End Cancer 2017 Eric Lefkofsky is the co-founder and CEO at Tempus, a technology company that enables physicians to deliver personalized cancer care for patients through an interactive analytical and machine learning platform. Its perhaps not surprising that Lefkofsky would take a shine to the Montecito property; the 51-year-old has a well-documented passion for architecture and extravagant real estate splurges. All Rights Reserved. Dec 20, 2021. The residential towers flank a Four Seasons hotel in the historic Surf Club building. In July 2007, New Enterprise Associates invested in MediaBank. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. I hope this will be my legacy project., This is a BETA experience. In 2001, he cofounded InnerWorkings (marketing), then Echo Global Logistics (transportation) and Mediaocean (advertising software). The Liz and Eric Lefkofsky Arts and Education Center is also home to Steppenwolf's first-ever dedicated education center, The Loft, encompassing the entire fourth floor of the new building. While he remains chairman of the coupon company, he has recently been more focused on the health care data startup Tempus he founded in 2015, which last week announced a total valuation of $2 billion. Dirt is a part of Penske Media Corporation. The mansion was built by noted architect Howard Van Doren Shaw in 1917. Today the company says it already works with 30% of U.S. oncologists; many send patient records and biopsies to Tempus for analysis. [11][8][10], In 1993, after law school, Lefkovsky and a college friend, Brad Keywell, borrowed money from relatives to buy Brandon Apparel, a clothing company in Madison, Wisconsin. Lefkofsky, 45, cofounded Chicago-based marketing execution firm InnerWorkings in 2001 and then started several other companies before cofounding Groupon under its previous name, ThePoint.com, in 2007. Panoramic views span from the shores of Santa Barbara to the ruggedly beautiful San Ysidro mountains, though the estate itself remains wondrously secluded, hidden from the public road and neighbors behind big gates and a flowering jungle of subtropical plantings. The couple built the 11,000-square-foot home in 2008 on a lot they bought five years earlier for a little more than $1.5 million. [10] He enrolled at the University of Michigan Law School and received his Juris Doctor in 1993. Tempus, on its own or with a research partner, has published fewer than 20 peer-reviewed manuscripts since its founding four years ago. In December 2010, Google offered a reported $6 billion for Groupon. A year after its 2008 founding, it booked $14.5 million in revenue; in 2011, it generated $1.6 billion. Lefkovsky reportedly expanded it after its previous owner tore down about two-thirds of the original building while remodeling. He attended Tamarack Camps as a youth and later worked as a staff member. ", "Groupon Co-Founder, Southfield Native, To Speak At Camp Fundraiser", "Fond Farewell! The sale price was $5.175 million, according to information posted late yesterday by listing agent Beth Wexler of @properties. One thing you can see right off the bat is the purple staining of this cell, he says, pointing to the pathology slide of a patient with breast cancer. [citation needed]. As for DeGeneres and de Rossi, the couple are staying in Montecito, where they recently shelled out a near-record $49 million for the Cape Dutch-style compound of Dennis Miller and his wife. They paid $630,000 in 2010 for a second piece of land, according to the Cook County recorder of deeds. In 1999, they created an Internet company, Starbelly, that specialized in promotional products[citation needed]. Groupon CEO Eric Lefkofsky the Man Behind $19.5M Home Sale. Chicago-area preservationists rallied to save the house. April 27, 2023 | 00:00:29. He is also the co-founder and Chairman of Groupon (NASDAQ: GRPN . 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