The Surprising David Green Net Worth: How He Made His Billions

Introduction

Have you ever heard of David Green? If not, you are in for a surprise. David Green is an American entrepreneur and the founder of Hobby Lobby, one of the largest craft store chains in the world. His net worth is estimated to be around $6 billion, making him one of the wealthiest people on the planet. But how did he make his billions? In this post, we will dive deep into David Green’s life and the secrets to his success.

Section 1: Early Life

David Green was born in Oklahoma City on November 13, 1941. He was born into a poor family and had to work hard to make ends meet. When he was just seven years old, his father passed away, leaving his mother to raise seven children on her own. David started working at an early age to support his family. He sold vacuum cleaners door-to-door and mowed lawns to make extra money.

Section 2: Entrepreneurial Beginnings

David Green had an entrepreneurial spirit from an early age. In 1970, he started a small miniature picture frame company with a $600 loan. He called it “Hobby Lobby” and operated it out of his garage. He sold his frames to local craft stores and eventually opened his own retail store in 1972.

Section 3: Success and Expansion

Hobby Lobby became an instant success. David Green’s commitment to quality and customer service helped him stand apart from his competitors. He continued to expand his stores and opened his first out-of-state location in 1984. By 1992, Hobby Lobby had 50 stores across seven states.

Section 4: Religious Beliefs

David Green is a deeply religious man and incorporates his beliefs into his business practices. Hobby Lobby is closed on Sundays to allow employees to attend church and spend time with their families. The company also donates a portion of its profits to Christian charities and organizations.

Section 5: Legal Battles

In 2012, Hobby Lobby made headlines for its legal battle against the Affordable Care Act. The company argued that it should not have to provide birth control coverage to its employees due to its religious beliefs. The case went all the way to the Supreme Court, and in 2014, the court ruled in favor of Hobby Lobby.

Section 6: Family Involvement

Hobby Lobby is still a family-owned and operated business. David Green’s son Steve now serves as the company’s CEO, and his daughter Darsee is the Corporate Secretary. The family’s involvement in the business has helped it maintain its values and commitment to customer service.

Section 7: Philanthropic Efforts

David Green and his family are also known for their philanthropic efforts. They recently donated $500 million to create a Bible museum in Washington D.C. The museum, called the Museum of the Bible, opened in 2017 and is dedicated to the history and impact of the Bible.

FAQs

Q1: How did David Green make his billions?

A: David Green made his billions through his craft store chain, Hobby Lobby, which he founded and grew over several decades.

Q2: What is David Green’s net worth?

A: David Green’s net worth is estimated to be around $6 billion.

Q3: What is Hobby Lobby?

A: Hobby Lobby is a craft store chain that sells a variety of arts and crafts supplies, home decor, and seasonal decorations.

Q4: Is Hobby Lobby a religious company?

A: Yes, Hobby Lobby is owned by a Christian family and incorporates their beliefs into their business practices.

Q5: What is the Museum of the Bible?

A: The Museum of the Bible is a museum in Washington D.C. that was created with a $500 million donation from the Green family. It is dedicated to the history and impact of the Bible.

Q6: What is David Green’s involvement in Hobby Lobby today?

A: David Green’s son Steve now serves as the CEO of Hobby Lobby, while his daughter Darsee is the Corporate Secretary.

Q7: What legal battles has Hobby Lobby been involved in?

A: In 2012, Hobby Lobby challenged the Affordable Care Act’s requirement to provide birth control coverage to its employees on religious grounds. The company won the case in the Supreme Court in 2014.

Conclusion

David Green’s life is a testament to the power of hard work, faith, and family. His success story shows that with determination and perseverance, anything is possible. Whether you shop at Hobby Lobby or not, there is no denying the impact that David Green has had on the business world and beyond. So go out and follow your dreams, just like David Green did.