David Green Net WorthReal Name: David Green
Date of Birth: 11/13/1941
Place of Birth: Emporia, Kansas
2017 Net Worth: $5.9 Billion
Profession: Founder and CEO of Hobby Lobby
David Green Biography
David Green was born in 1941 in Emporia, Kansas. His father was a preacher and the family strictly followed the Christian lifestyle. The family was quite poor but Green states that he learned to make the most out of whatever came his way.
Green took out a $600 loan and started making and selling miniature picture frames from his garage. His first business was called Greco Products. His business was soon thriving, so much so that he had to open a 300 square foot store in 1972. Green states that he built and continues to run his business directly on biblical, Christian principles. Green donates half of his company’s pretax income to evangelical ministries. As of 2012, these donations have reached the $500 million mark. This includes a $10.5 million donation to Liberty University, owned by the late Jerry Falwell, and $70 million to Oral Roberts University. His donations have helped put almost 1.5 billion copies of gospel literature in the hands of people in more than 100 countries.
Green’s chain store, Hobby Lobby, sells arts and craft items such as beads, glue, glitter, baskets, clay, ribbon, candles, wreaths, etc. All 680 stores close on Sundays, for which Green says he loses millions of dollars because weekends are the busiest time for retail stores, however, Green believes this is biblical because he wants his employees to spend time in church with their families.
Green has been involved in a huge controversy when he took a case all the way to the Supreme Court and sued because he did not feel he should have to pay for Obamacare of his employees since it covers birth control and the morning after pill, which Green believes goes against the Bible. The Supreme Court upheld his complain in June of 2014, stating that companies that have closely held religious beliefs should be exempt. Green has a current net worth of $5.9 billion and lives in Oklahoma City.