Jim Davis (business)

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Jim Davis
Born 1943 (age 71–72)
Nationality United States
Ethnicity Greek
Education B.S. Middlebury College
Occupation businessman
Known for Chairman of New Balance
co-founder of Major League Lacrosse
Net worth IncreaseUS$ 3.8 billion (March 2015)[1]
Spouse(s) married
Children two

Jim Davis (born 1943) is the Chairman of New Balance and a co-founder of Major League Lacrosse.[2][3][4][5]


James S. Davis was born in 1943,[2] the son of Greek immigrants.[6] He attended the Worcester Academy, and he received a Bachelor of Science in biology and chemistry from Middlebury College in 1966.[2][3][5][7] While in college, he played college football.[4][7]

He started his career as a sales engineer at the LFE Corporation in Waltham, Massachusetts, and as marketing manager for the Applied Geodata Systems Division of Techven Associates of Cambridge, Massachusetts.[3][5] In 1972, he bought New Balance, then only a 6-employee firm in Boston, and turned it into a 4,000-employee global corporation with revenues averaging around $2.5 billion every year.[2][3][5] He has been a Board member of the Sporting Goods Manufacturers Association, the International Athletic Footwear & Apparel Manufacturers Association, and the Two/Ten Foundation.[5] He is a member of the Athletic Footwear Council and is on the Executive Committee of the Rubber and Plastic Footwear Manufacturers Association.[5] He also sits on the Board of Directors of the Citizen’s Bank in Providence, Rhode Island.[5]

He has donated $500,000 to Mitt Romney's Super PAC, Restore Our Future.[8][9] He has donated $5 million to the University of Maine.[2] He is the recipient of an Honorary Doctorate from his alma mater, Middlebury College.[2] A library on its campus has also been named for him.[7] He formerly sat on its Board of Trustees, on the Worcester Academy's, and on Newbury College's.[5][10] He sits on the Board of Trustees of the Sports Museum of New England and formerly Boston Children's Museum.[5][11]

As of March 2015, he is the 481st richest person in the world, and the 164th richest in the United States, with an estimated wealth of US$3.8 billion.[2] He is married, and has two children.[2] He lives in Newton, Massachusetts.[2]


  1. ^ Forbes: "The World's Billionaires - Jim Davis" March 2015
  2. ^ a b c d e f g h i Forbes profile
  3. ^ a b c d New Balance leadership
  4. ^ a b Daren Fonda, 'Sole Survivor', in Time Magazine, Nov. 01, 2004 [1]
  5. ^ a b c d e f g h i Major League Lacross Founders
  6. ^ The Pappas Post: "Son of Greek immigrant leads New Balance to major expansion" April 3, 2012
  7. ^ a b c Sarah C. Ray, 'Library named for Jim Davis '66 and his family', May 7, 2010 [2]
  8. ^ Dan Eggen, 'New Balance distances itself from donation to Romney supporting ‘super PAC’', in The Washington Post, [3]
  9. ^ Glen Johnson, 'New Balance disavows chairman’s Romney donation', on Boston.com, 08/10/2011 [4]
  10. ^ Middlebury College Board of Trustees
  11. ^ Boston's Children Museum Board of Trustees