EXCLUSIVE: Retail’s Highest-Paid Executive Has Just Sold His Modest New Jersey Home

Retail’s highest paid executive has decided it’s time to move on from his modest New Jersey abode after pocketing almost $244 million last year.
Marc Lore, president and chief executive officer of Wal-Mart’s U.S. e-commerce operations, has quietly sold his four-bedroom, 2,508-square-foot brick colonial-style house for just under $900,000 in an off-market deal, WWD has learned.
Many might have assumed that Lore lived in an opulent multimillion-dollar mansion, but he and his wife Carolyn actually called the unassuming Mountain Lakes abode home from 2006 when they paid $841,000 for it.
While it is a perfectly nice house, there are certainly no luxurious amenities like a swimming pool or tennis court that you might expect of a high-ranking executive’s home, with an old listing describing a formal dining room with crown molding and a spacious family room that opens out to a patio as stand-out features.
It’s unknown where the longtime New Jersey resident, who grew up in Red Bank, has moved to, but one can only assume he has upgraded to a fancier spread after netting a lot of cash last year when he sold Jet.com, the discount e-commerce start-up he founded, to Wal-Mart for $3.3 billion.
As part of the deal, he joined the retail giant as

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