Raised in Three Rivers, Texas, Lee Walker graduated from Texas A&M University with a Bachelor's of Science in Physics (class of 1963) graduating Phi Kappa Phi (top academic 5% of his class), receiving NASA and National Science Foundation (NSF) funding for his post graduate work in nuclear physics (theoretical cosmic ray research). He was named Honorable Mention All Southwest Conference Basketball Team his senior year. Lee received his MBA from Harvard Business School in 1967. He served as the President of Dell Computer Corporation through its formative years. After leaving Dell in 1990 for health reasons, Lee was asked to teach at the University of Texas at Austin. The success of his "Elements of Entrepreneurship" and "Not for Profit Excellence" courses in the Graduate School Business Management Department earned him best teaching award three times. Lee teaches a freshman course entitled "Community and Place" in the Plan II Honors Program. The Austin Chamber of Commerce recognized Lee as their 1998 Austinite of the Year. In 2000 Lee was a founder of Envision Central Texas. In 2004, Lee received the Texas Nature Conservancy Lifetime Achievement award. In 2006 Lee and his wife Jennifer Vickers received the AFP's Outstanding Philanthropists of the year. Lee was elected as one of the 200 members of the Philosophical Society of Texas in 2005. In 2005 The Lance Armstrong Foundation created The E. Lee Walker Imagination Award, an annual grant up to $500,000 to researchers in cancer survivorship. Lee lives in Austin with his wife Jennifer and their two daughters, Gabriella and Giulia. In addition, Lee has two older daughters, Amanda and Suzanna Walker and a grandson, Sam, who also reside in Austin.