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David GreenFounder of Hobby Lobby
Country:
 USA |
Content:
Biography of David Green
David Green, the founder of "Hobby Lobby," is a retail entrepreneur and the creator of the American supermarket chain. These stores have become an integral part of America. The company was founded on August 3, 1972, with its headquarters located in Oklahoma City. Green took a $600 loan from a bank to start his own business. Currently, his chain of stores comprises more than 386 retail locations, with plans to increase that number to 450 by the end of 2009.
Early Life and Career
David Green was born in 1942 in the United States. He was the son of a poor preacher. While attending school, he worked part-time at a local store. Green went on to become the founder of "Hobby Lobby," a retail supermarket chain in the U.S. The company was established on August 3, 1972, and its headquarters is located in Oklahoma City. Green took a $600 loan from a bank to start his own business. Currently, his chain of stores comprises more than 386 retail locations, with plans to increase that number to 450 by the end of 2009. In 2007, the company's official income was $2 billion, although the exact figure is not disclosed by the management. However, in various interviews, David Green has stated that the company generates significant and continuously growing revenue.
Hobby Lobby Stores
Hobby Lobby stores are equipped with the latest technology. They use a barcode system that allows instant price and inventory checks. A unique wireless satellite network has been established between the store locations, enabling the transmission of various information over long distances. Hobby Lobby specializes in selling music products, art supplies, and antiques. The stores offer a wide range of musical genres, including jazz, classical music, and various contemporary styles. The stores are open from 9 am to 8 pm, with Sunday being the only day off. This decision was made based on the founder's religious beliefs, as David Green is a devout individual who does not work on Sundays.
Philanthropy and Personal Life
In addition to his business ventures, David Green is actively involved in charitable activities. Together with his wife, he provides support to many church parishes and temples, as well as various educational and healthcare institutions. Recently, their family made a $70 million donation for the restoration of a university in Tulsa. Currently, David Green and his wife reside in Oklahoma City, Oklahoma. They have three children.
At present, David Green's net worth is estimated to be $1.8 billion. In the Forbes ranking of the world's richest individuals, he holds the 677th position.
