Early Life
Born to Spanish immigrants Olegario (d. 1880) and Ana (née Mateos), Lorenzo grew up in Queens, New York. His father was a private investor and long-time salon proprietor in Manhattan.
Lorenzo attended Forest Hills High School and then worked his way through Columbia University, working several jobs, including at Macy's. He graduated in 1961 with a B. A. degree in economics, followed by an MBA from Harvard Business School in 1963. He spent a short time in the army that year, and then returned to New York.
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