has between three and fifteen stocks in his portfolio. His investment style has drawn comparisons to the financier Warren Buffett. Lampert's earnings in 2004 were estimated to be $1.02 billion, making him the first Wall Street financial manager to exceed an income of $1 billion in a single year. In 2006, Lampert was featured on the Time 100 list for most influential people in the world for being one of the "brightest minds on Wall Street" and leading a new class of activist hedge funds. Lampert was the richest person in Connecticut in 2006 with a net worth of $3.8 billion. In March 2012, Lampert was No. 367 on the Forbes world wealthiest people list with a net worth of $3.1 billion. By August, 2016, Lampert had fallen to No. 810 on the list, with a net worth of $2.2 billion. In January 2013, it was announced that Lampert would take over as chief executive officer at Sears after Louis D'Ambrosio stepped down due to family health matters, which took effect in May 2013. In July 2016 he held 28% of shares in Sears Holdings Corp worth approximately $408 million. In early 2017, Lampert, then president, chief executive officer and top shareholder of Sears Holdings, was estimated to have personal assets of $2 billion, primarily in the hedge fund ESL Investments Inc. Early in the year, he committed to providing an additional loan of $500 million to Sears and said he would provide letters of credit to Sears for additional amounts, reportedly totaling $200 million and possibly increasing to a half billion dollars in the future. He has been criticized by employees and corporate staff for "shredding" his employees in corporate meetings and "being out of touch with reality," as well as for failing to invest in the physical stores, as many of them are deteriorating. During his tenure as CEO, Sears lost around half its value within five years, and closed more than half of its physical stores. On October 15, 2018, Lampert stepped down as CEO of Sears Holdings, while remaining chairman of the board, as part of Sears Holdings bankruptcy actions. On December 6, 2018, Lampert, through his company ESL Investments, offered to buy all of Sears for $4.6 billion in cash and stock. The offer would be financed by $950 million in added debt, but no additional cash. In early 2019, five hundred stores remained in