Who is Lori Wachs?
Lori Wachs is a venture investor, fund manager, and market strategist with more than 25 years of expertise in making investments that outperform benchmarks. She launched Penultima Capital, a start-up venture capital business that makes investments in women-led, growth-stage consumer companies, and serves as its managing partner.
Her record of achievement as an investor at Springboard Growth Capital provides the foundation for this effort. She has a proven track record of identifying businesses that revolutionized their respective sectors by seizing on new trends and fostering their expansion into powerful players in the market.
This includes her 17 years at Delaware Investments, where she helped manage the $4 billion invested in a variety of institutions and products manufactured by mutual funds in the consumer sector, as well as her own fund, Cross Ledge Investments.
Lori Wachs Education
Lori enrolled at the Wharton School of the University of Pennsylvania, where she also majored in finance and minored in East Asian studies. She became a member of Phi Beta Kappa after graduating with honors.
Lori Wachs Husband
Wachs is married to Ali Velshi. The couple crossed paths when she was invited as a guest on his show. They are pursuing different careers but they have a common interest in the world of finance. The couple tied the knot in 2009 and they are both in their second marriage.
Ali and his wife are blessed with a daughter although they have not revealed her to the public. In addition to that, Lori has two children from her previous marriage namely; Erica Wachs and Eli Wachs.
Ali Velshi works as a senior economic and business correspondent for NBC News. He embarked on this role in October 2016 and he has since built a name for himself. His self-titled weekend morning news program, Velshi premiered on February 15, 2020.
Lori Wachs Net Worth
Lori has an estimated net worth of $2 million. She has built her wealth primarily from her business ventures.
Lori Wachs Career in Finance
Lori began her financial career at Goldman Sachs as an analyst in the Equity Risk Arbitrage division. She has frequently been quoted as an authority on retail and consumer investments, fashion trends, consumer purchasing behavior, and best practices for retailers on ABC Good Morning America, ABC World News Tonight, CNBC, Bloomberg News, and Fox News Channel.
Since Lori is one of the most influential women in the retail and consumer industries, she was chosen to be among the first members of DealMakeHers. Alchemy 43 and The RealReal, ClassPass, Hint, and Aquis are examples of private equity investments made at Penultima Capital and Springboard Growth Capital, respectively.
Lori serves on the boards of Biomimetek, a science-driven clean hair care firm best recognized for its K18 brand of hair care products, and The Soufan Center, a nonprofit focused on global security concerns and emerging threats.
She also serves as a board observer for Alchemy 43, an aesthetics bar that specializes in cosmetic micro treatments, and as an advisor for Digital Village, a technology platform that allows the construction of 3D immersive worlds.
How Old is Lori Wachs?
Lori is currently in her early 50s. She has however not revealed the specifics of her birth details.