The Unfamiliar World Of Jeffrey Lorberbaum: 10 Facts You Didn’t Know

A lot has been reported about the mighty figures in the business arena. Much focus is usually placed on the popular figures, such as Elon Musk, Warren Buffet, and Bill Gates. Yet, there are still dozens of important and interested businesspersons worth knowing, such as Jeffrey Lorberbaum. Jeffrey Lorberbaum, the Chairman and CEO of Mohawk Industries, is a seasoned businessman and influencer who has significantly contributed to the corporate world. Dive in to discover the ten most interesting things you didn’t know about Jeffrey Lorberbaum.

1. Early Life

Jeffrey Lorberbaum was born on November 24, 1954, in Brooklyn, New York. He was raised by his parents, Shirley and Alan, alongside his two siblings. Despite being born into a business-oriented family, Jeffrey Lorberbaum’s childhood wasn’t extraordinarily different from most.

Jeffrey attended a local high school, where he discovered his passion for business. He nourished his passion by participating in various business-oriented competitions and seminars, igniting a lifelong love for the corporate world at an early age.

2. Educational Background

Many successful corporations have been built by people who are not academically brilliant. However, Jeffrey Lorberbaum firmly believes in the power of education. He holds a Bachelor’s Degree in Management from the University of Denver.

After receiving his undergraduate degree in 1976, Jeffrey joined the family business, Aladdin Mills. His academic background in management offered him a unique perspective, enabling him to apply the concepts he had learned in the classroom to real-world situations.

3. Inheritance of the Family Business

Alan Lorberbaum, Jeffrey’s father, was the founder of Aladdin Mills, a carpet manufacturer company. Jeffrey inherited the business after his father’s death and served as the president of the enterprise.

The inherited business laid the foundation for Jeffrey’s unceasing successful journey in the corporate world. Under his leadership, Aladdin steadily grew into a renowned entity in the carpet business industry.

4. Founding of Mohawk Industries

In 1994, Aladdin Mills merged with Mohawk Industries, birthed from the business acumen of Jeffrey Lorberbaum. This fusion resulted in one of the world’s most extensive floor covering manufacturers and distributors.

Since the merger, the company has experienced exponential growth. Lorberbaum’s leadership contributed significantly to its triumph, proving his competence and dedication to his role.

5. The Steering Wheel of Mohawk Industries

After the fusion with Mohawk Industries, Lorberbaum didn’t stop at just being the founder. He served as the company’s President until 2001, and in 2002 he became the Chief Executive Officer. He concurrently maintains his role as the Chairman of the Board.

With his strategic leadership and direction, Mohawk Industries has expanded globally. The company now operates in the US, Europe, India, and Russia.

6. Not Just a Businessman

Despite his dedication to the corporate world, Jeffrey Lorberbaum is more than just a business executive. He makes time for philanthropy work, contributing generously to various causes.

Lorberbaum is a trustee of the National Jewish Health, an organization dedicated to providing health solutions for serious diseases. Additionally, he is an active participant in numerous community service projects.

7. Awards and Achievements

Jeffrey Lorberbaum’s business prowess has won him several awards and recognition. He was honored with the ADCOLOR Lifetime Achievement Award in 2010 for his enduring dedication and commitment to the business world.

Lorberbaum was also elected into World Floor Covering Association Hall of Fame, which is one of the highest accolades in his industry.

8. Net Worth

Lorberbaum’s vast business empire and smart investments have contributed to his impressive wealth. As of 2021, his net worth is estimated at over $2 billion.

These astounding figures place Lorberbaum among the wealthiest entrepreneurs in the world. Despite his enormous wealth, Lorberbaum remains humble and dedicated to his mission to further improve his company’s standing.

9. Personal Life

Away from his highly successful business career, Lorberbaum is a family man. He is married to his heartthrob, Virginia, and together they have two children.

Despite his demanding work schedule, Lorberbaum is devoted to his family. He often says that the prosperity of his business is due to the unwavering support from his family.

10. Hobbies and Interests

Lorberbaum is known to love golf. The business executive often spends his weekend out on the green. He believes that golf not only provides relaxation but it also sharpens the mind.

Apart from golf, Lorberbaum enjoys travelling. He often combines his business trips with some leisure, exploring new places and cultures.

Useful links:

Mohawk Industries
Bloomberg Profile – Jeffrey Lorberbaum
Forbes Profile – Jeffrey Lorberbaum