Jeffrey Lorberbaum Net Worth

What is Jeffrey Lorberbaum's Net Worth?

Jeffrey Lorberbaum is an American businessman who has a net worth of $1.6 billion. Jeffrey Lorberbaum joined America's richest circles as the Chairman and CEO of Mohawk industries, one of the largest flooring companies in the world. He debuted on to the US's 400 richest list as a result of the increasing value of his 15% stake in listed Mohawk Industries. Lorberbaum made his career beginnings in the mid-1970s, when he joined his father's company Aladdin Mills, a maker of bath mats. Later on, he took over the business completely, serving as the president and CEO until the family sold Aladdin to Mohawk in 1994.

Not a full decade later, in 2001, Lorberbaum took the helm of Mohawk. While serving as CEO, he has managed to expand the company's operations into hard surface flooring. In late 2012, Mohawk revealed the purchase of Italian ceramic-tile maker, the Marazzi Group, for some $1.5 billion. Mohawk's stake price has increased drastically in the past 12 months.