Background
He was the eldest son of John Lambert (d 1702), a merchant of Saint-Martin-de-Ré, Île de Ré, France, by Marie Le Fevre.
He was the eldest son of John Lambert (d 1702), a merchant of Saint-Martin-de-Ré, Île de Ré, France, by Marie Le Fevre.
He was one of the directors of the South Sea Company. He was knighted in or after September 1710, when he had advanced £400,000 or more to the British Government. On the recommendation of Robert Harley, Chancellor of the Exchequer, he was created a baronet on 16 February 1711.
Their first son, also called John, was born on 22 March 1690.
Madeleine died in Clarges Street, Piccadilly, in April 1737, aged about 70. The second baronet married Anne Holmes, whose father Tempest Holmes was a Commissioner of the Victualling Office.