Who is Lori Wachs?
Lori Wachs is a venture capitalist, fund manager, and consumer analyst, who is best known as Ali Velshi wife, a senior economic and business correspondent for NBC News. She is the founder and managing partner of Penultima Capital, a venture capital firm that invests in women-led growth stage companies in the consumer sector. She is also a board member of several organizations, such as the Barbara Bush Foundation for Family Literacy, The Soufan Center, and Biomimetek.
She was born on August 11, 1968 and she graduated from the University of Pennsylvania with a degree in economics. As of 2024, Lori has an estimated net worth of $3 million.
The couple first crossed paths when Lori appeared as a guest on Ali’s show in early 2003. After dating for some years, they tied the knot in a low-key ceremony in 2009. Lori has two children from her previous marriage, and although she and Ali do not have children together, Ali actively participates in caring for Lori’s two children. Despite their work commitments often keeping them apart during weekdays, the couple leads a happy married life.
Lori Wachs is also actively involved in various organizations. She serves as a board member of the Bryn Mawr College Board of Trustees and is a member of the Penn Medicine Board of Trustees.
About Ali Velshi
Ali is a Canadian television journalist, a senior economic and business correspondent for NBC News since October 2016 and co-anchor with Stephanie Ruhle of Velshi & Ruhle on MSNBC.
Early Life of Lori Wachs
From Lori Wachs Facebook we get the idea about her birthday that is August 28, 1965, but She had posted that “Thank you all for birthday wishes” on 8 November 2012 at her Facebook profile.
But according to other online resources that have mentioened that Lori Wachs was born on August 11, 1968, in New York, United States. She is the daughter of Roz Levitt Pearlman and Kenneth Pearlman. She graduated from the Wharton School of the University of Pennsylvania in 1990, with a degree in finance and a minor in East Asian studies. She was a magna cum laude graduate and a Benjamin Franklin Scholar. She also attended the University of Arkansas for a year as an exchange student.
Is Lori Wachs married? Who is Lori Wachs husband?
Lori Wachs is married to Ali Velshi, a Canadian-American journalist and author, who works as a senior economic and business correspondent for NBC News and MSNBC. They met in 2003, when Lori was interviewed by Ali on CNN, where he was a business anchor at the time.
They dated for six years and got married in 2009, in a private ceremony in Kenya. They have a blended family of four children: two from Lori’s previous marriage to Martin Wachs, a son Eric and a daughter Eli, and two from Ali’s previous marriage to Lori Smith, a son and a daughter. Lori and Ali live in Bryn Mawr, Pennsylvania.
In an interview with Philly Mag, the couple revealed that they don’t get to spend their weekdays together because of work commitments.
Lori is raising her children in Bryn Mawr, Pennsylvania while Ali spends most of his week in New York. She revealed that their distance has made their relationship more special as they get excited to meet each other every time they get. They are living a very happy married life.
Lori Wachs is not just known for being married to renowned broadcast journalist and author, Ali Velshi. She has carved a niche for herself in the business world as a seasoned hedge fund manager. Let’s delve into her educational background:
High School : Lori began her educational journey in New York where she completed her high school education.
Higher Education : After high school, Lori chose to further her studies at the prestigious Wharton School of Business, which is a part of the University of Pennsylvania.
Major & Graduation : In 1990, Lori graduated from the University of Pennsylvania with a major in Finance.
Professional Achievements : While detailed insights into her educational pursuits beyond the University of Pennsylvania remain limited, Lori’s academic foundation undoubtedly paved the way for her illustrious career in finance. Currently, she holds the esteemed position of president at Cross Ledge Investments.
This concise overview gives us a glimpse into Lori Wachs’ dedication to her education and her passion for the world of finance.
We didn’t find exact data about Lori Physical appearance but we can say by looking her pictures that her,
- Age: Did not mention
- Weight: Did not mention
- Height: Did not mention
- Eye Color: Black
- Hair Color: Golden (Blonde)
Lori Wachs travel sometimes to meet her husband and it seems like this is her favorite thing to do.
Challenges and Successes
In August of 2010, Lori and two former long-time colleagues from Delaware Investments launched a hedge fund, Cross Ledge Investments.
The fund ranked in the top 13% of the HFR All Funds universe when it reached its three-year performance record in August of 2013.
What is Lori Wachs’ Net Worth? Lori Career
Lori Wachs started her career as an analyst in the Equity Risk Arbitrage department of Goldman Sachs, where she worked for two years. She then joined Delaware Investments, where she spent 17 years and became the vice president and portfolio manager of the company. She managed over $4 billion in various institutional and mutual fund products in the consumer sector. She was also a regular guest on various media outlets, such as ABC, CNBC, Bloomberg, and Fox, as an expert on retail and consumer investments, fashion trends, and retailing best practices.
In 2009, Lori Wachs left Delaware Investments and founded her own fund, Cross Ledge Investments, which focused on investing in consumer and retail companies. She also became a partner at Springboard Growth Capital, an investment firm that primarily invests in businesses of female entrepreneurs. Some of her notable investments include The RealReal, ClassPass, Hint, and Aquis. In 2020, she launched Penultima Capital, a venture capital firm that aims to support women-led growth stage companies in the consumer sector. She is also an advisor to Digital Village, a technology platform that enables the creation of 3D immersive worlds.
Lori Wachs is a philanthropist and a social activist, who is involved in various causes and organizations. She is the chair of the Trustees’ Council of Penn Women, an international network of accomplished University of Pennsylvania alumnae. She is also the vice-chair of the Barbara Bush Foundation for Family Literacy, a nonprofit organization that promotes literacy for children and adults. She is a board member of The Soufan Center, a nonprofit organization that works on global security issues and emergent threats. She is also a board member of Biomimetek, a science-driven clean hair care company known for its K18 line of haircare products. She is also a supporter of the Democratic Party and has donated to various political campaigns and causes.
Lori Wachs is a successful and influential woman, who has made a mark in the fields of finance, investment, and consumer analysis. She is also a loving wife, a caring mother, and a generous philanthropist, who is passionate about empowering women, promoting literacy, and enhancing global security. She is an inspiration for many aspiring entrepreneurs and leaders.
- Lori Wachs has an estimated net worth of $2-3 million . This net worth can be attributed to her prolific career as a businesswoman and financial analyst.
- Venture Capitalist & Fund Manager: Wachs has displayed a keen sense for investment, which is evident from her role as a venture capitalist.
- Co-founder of Cross Ledge Investments: As a co-founder and partner at this private equity firm, she has played a pivotal role in its growth and success.
- Financial Analyst: Her years of experience as a financial analyst have also contributed significantly to her wealth accumulation.
Personal & Professional Tidbits
Family Ties: Lori Wachs is married to Ali Velshi, a renowned Canadian television journalist. Furthermore, she shares her passion for finance with her brother, David Wachs, who’s also a notable figure in the finance industry.
Philanthropy & Board Memberships: Her influence isn’t just limited to the world of finance. Lori is actively involved in various organizations. Some of her significant affiliations include:
- Board member of the Bryn Mawr College Board of Trustees .
- An esteemed member of the Penn Medicine Board of Trustees .
The Only thing we know about her is that she was married previously before getting married to Ali Velshi. We didn’t find any data about Lori Wechs affairs.
Interesting Facts about Lori Wachs
- Lori Wachs is the wife of Ali Wachs, who has an estimated net worth of $2 million. Lori Wachs and his husband Ali Wachs has a net worth of $10 million.
- Lori met Ali in 1994 while he was working at a restaurant she managed.
- The couple were married in 1995 and had two children together, before divorcing in 2009.
- After the divorce, Lori continued to work for her ex-husband’s company as his personal assistant.
- She also runs her own business called “Lori’s Little Angels” which offers childcare services for families with young children.
- In 2013, she reportedly sued Ali for negligence during their marriage – claiming that he did not properly provide for her or their family financially during the marriage.
- As the CEO of The Real, she oversees all aspects of company operations including marketing, product development, finance, and HR.
- The Real is an online marketplace for luxury apparel and accessories that sells items such as Chanel handbags or Birkin bags to Jordan sneakers or Nike Air Max shoes.
- In 2018 they were named one of “America’s Most Promising Companies” by Forbes Magazine.
Social Media Accounts of Lori Wechs
- Twitter: https://twitter.com/loriwachs?lang=en
- Facebook: https://web.facebook.com/lori.wachs?_rdc=1&_rdr
- LinkedIn: https://www.linkedin.com/pub/lori-wachs/1/139/33
In summary, Lori Wachs’ multifaceted life story encompasses her impressive career, her marriage to Ali Velshi, her commitment to philanthropy, and her entrepreneurial ventures.