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David Green

13.7 · 1941-11-13

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David Green
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Facts

Name
David Green
Net Worth
13.7 Billion USD
Birth Date
13 November 1941
Age
84
Country
United States
City
Oklahoma City
Business
Fashion & Retail
Organization
Hobby Lobby
Position
CEO

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David Green

David Green is an American billionaire renowned for founding Hobby Lobby, a chain of arts and crafts stores that has become a staple in the retail industry. Born on November 13, 1941, in Emporia, Kansas, Green's entrepreneurial journey is characterized by his devout Christian faith and business acumen.

Green's career began in retail, where he gained experience working in a variety of roles. In 1970, with a $600 loan, he started a small business assembling and selling miniature picture frames from his garage. This humble beginning laid the foundation for what would become Hobby Lobby.

In 1972, Green opened the first Hobby Lobby store in Oklahoma City, Oklahoma. The store was a success, and its unique focus on arts, crafts, and home decor resonated with customers. Over the years, Hobby Lobby expanded rapidly, growing into a nationwide chain with over 900 stores across the United States. The company differentiates itself by emphasizing a broad selection of products, competitive pricing, and a commitment to customer service.

Green's business philosophy is deeply intertwined with his Christian beliefs. Hobby Lobby is known for being closed on Sundays to allow employees time for worship and rest, a practice that Green has maintained despite potential financial losses. Additionally, the company has implemented various employee-friendly policies, such as a minimum wage significantly higher than the federal requirement and substantial health benefits.

David Green is also a prominent philanthropist. Through the Green Family Foundation, he has donated millions to various causes, including Christian ministries, education, and health care. One of his most notable contributions is to the Museum of the Bible in Washington, D.C., a project largely funded by the Green family.

Green's life and career have not been without controversy. In 2014, Hobby Lobby was at the center of a landmark Supreme Court case, Burwell v. Hobby Lobby Stores, Inc., where the company successfully argued for a religious exemption from providing certain types of contraception in its health insurance plan.

Despite these challenges, David Green's impact on the retail industry and his philanthropic efforts underscore his legacy as a business leader who integrates faith and work. His story is one of resilience, faith, and a commitment to values-driven entrepreneurship.

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