Basic Information About Jim Davis (New Balance)
| Category | Business › CEOs |
|---|---|
| Net worth | $3,300,000,000 |
| Date of birth | 2023-06-04 (1 years old) |
| Gender | Male |
| Social Media | ↗︎ Wikipedia |
Jim Davis (New Balance) Net Worth
$3,300,000,000
Jim Davis is an American business executive and entrepreneur with a net worth of $3.3 billion, making him one of the wealthiest individuals in Massachusetts. As the owner of New Balance, a running shoe company that he purchased in 1972, Davis has grown the business from a small company with just six employees to one of the most successful shoe manufacturers globally. Despite New Balance’s historical aversion to celebrity endorsements, it recently teamed up with Heidi Klum to launch a line of shoes and became the official footwear and clothing sponsor for the Red.
Key facts:
- Jim Davis is an American business executive and entrepreneur.
- He graduated from Middlebury College with dual degrees in biology and chemistry.
- In 1972, he bought New Balance, a running shoe company that had only six employees at the time.
- Under Davis' leadership, New Balance became one of the most successful shoe manufacturers in the world.
- The company currently employs 400 people across multiple locations worldwide.
- New Balance is known for producing shoes in the US, with 25% of their shoes sold in the US being manufactured domestically.
- Although New Balance initially avoided utilizing celebrity endorsements, they recently collaborated with Heidi Klum and became the official footwear and clothing sponsor for the Red Sox.
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