David Green (entrepreneur)
November 13, 1941 |
Emporia, Kansas, US
|Known for||founder of Hobby Lobby|
|Net worth|| US$ 5.8 billion
Green is the son of an Assemblies of God preacher and comes from a family of preachers. Green claims to have built his business squarely on biblical principles: "We're Christians, and we run our business on Christian principles." That claim is disputed by Jonathan Merritt, senior columnist for Religion News Service who asserts a true Christian business would not "import billions of dollars worth of bric-a-brac from a nation that denies 1.35 billion citizens freedom of worship."
In 1970 Green took a $600 loan and started a home business called Greco Products in his garage assembling and selling miniature picture frames, capitalizing on a decorating fad of the time. By August 1972 the business had thrived to such an extent that they were able to open their first store which had 300 square feet of retail space.
Philanthropy and public positions
Green takes half of Hobby Lobby's total pretax earnings and commits it directly to a portfolio of evangelical ministries and as of 2012, he has donated an estimated $500 million.
Green lives in southwest Oklahoma City with his wife Barbara. He and his wife have three children. One son, Mart Green, is the founder and CEO of Mardel Christian and Educational Supply and of Every Tribe Entertainment while his other son Steve Green is President of Hobby Lobby. His daughter, Darsee Lett, is Creative Director for the Hobby Lobby stores.
- Forbes: "The World's Billionaires - David Green" January 2015
- The Giving Pledge. givingpledge.org. Retrieved on 2013-04-09.
- Every Day Christian" "Believers in the Business World: The Green Family" by Jason Karpf April 28, 2009
- Merritt, Jonathan (17 June 2014), Stop calling Hobby Lobby a Christian business, The Week, retrieved 22 June 2014
- Hobby Lobby Corporate history. Hobbylobby.com. Retrieved on 2013-04-09.
- David Green: The Biblical Billionaire Backing The Evangelical Movement. Forbes.com (2012-09-18). Retrieved on 2013-04-09.
- Hobby Lobby Plan To Defy Obamacare. Huffingtonpost.com (2012-12-28). Retrieved on 2013-04-09.