David Green (entrepreneur)

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David Green
Born (1941-11-13) November 13, 1941 (age 78)
ResidenceOklahoma City
Known forFounder of Hobby Lobby
Net worthIncrease US$7.8bn
(November 2019)[1]
Political partyRepublican
ChildrenMart Green inter alia

David Green (born November 13, 1941) is an American businessman and the founder of Hobby Lobby, a chain of arts and crafts stores.

Career[edit]

In 1970, while a store manager with variety store chain TG&Y,[2] Green took a $600 loan and started a home business in his garage assembling and selling miniature picture frames. The business, Greco Products, capitalized on a decorating fad of the time.[3] By August 1972 the business had thrived to such an extent that Green and his wife were able to open a 300 square-foot store in northwest Oklahoma City. In 1975, Green left his 13-year career with TG&Y and opened a second Hobby Lobby location with 6,000 square feet of space.[4][5][2]

Public persona[edit]

Green commits half of Hobby Lobby's total pretax earnings to a portfolio of evangelical ministries and as of 2012, he has donated an estimated $500 million.[6] Green has taken a public stance against the Patient Protection and Affordable Care Act because of its inclusion of a provision mandating that companies include the "morning-after pill" in their health coverage.[7]

Personal life[edit]

Green comes from a family of preachers[8] and says he has built his business squarely on biblical principles:[3] "We're Christians, and we run our business on Christian principles." Green is very supportive of Christian organizations, and is the largest individual donor to Evangelical causes in the United States.[9]

Green lives in southwest Oklahoma City with his wife, Barbara. They have three children—two sons and one daughter. The eldest son, Mart Green, is the founder and CEO of Mardel Christian & Education and Every Tribe Entertainment. Steve Green is president of Hobby Lobby, as well as founder and primary funder of the Museum of the Bible and patron of the Green Collection. Daughter Darsee Lett is Creative Director for the Hobby Lobby stores.[3]

Green opened up the Bible Museum in Washington D.C in 2017 at the cost of $500 million. The museum consists of fragments from the Egyptian Exploration Society which controversially was sold in batches from 2010 to 2013. The fragments were consisted of 4 New Testament papyri that was still in the possession of the Egyptian Exploration Society. The chief curatorial officer at the Bible Museum stated:

“We have collaborated with EES in the investigation, have shared all relevant documentation with them, and will continue to assist them in recovering other items that may have been removed without authorization from their holdings,” [10]

References[edit]

  1. ^ Forbes: "The World's Billionaires – David Green" November 27, 2019
  2. ^ a b Brown, Suzanne Jordan (October 5, 2012). "The Modest Billionaire". Charisma Magazine. Retrieved July 6, 2017.
  3. ^ a b c Every Day Christian" "Believers in the Business World: The Green Family" by Jason Karpf April 28, 2009
  4. ^ Hobby Lobby Corporate history. Hobbylobby.com. Retrieved 9 April 2013.
  5. ^ "Hobby Lobby's history". The Oklahoman. October 23, 2003. Retrieved July 6, 2017.
  6. ^ David Green: The Biblical Billionaire Backing The Evangelical Movement. Forbes.com (September 18, 2012). Retrieved 9 April 2013.
  7. ^ Hobby Lobby Plan To Defy Obamacare. HuffPost. (December 28, 2012). Retrieved 28 December 2012.
  8. ^ The Giving Pledge. givingpledge.org. Retrieved 9 April 2013.
  9. ^ "5 Christian Billionaires You Didn't Know About". beliefnet.com. Retrieved July 31, 2019.
  10. ^ "Museum of the Bible Says Oxford Professor Sold Fragments Illicitly".

External links[edit]