Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# David Green

Random fact: Sued U.S. government over mandated employer birth control coverage.

Overview

Green is the founder and chief executive officer of Hobby Lobby Stores, a closely held arts and crafts retail chain with revenue of $4 billion in 2015. The Oklahoma City-based company offers more than 70,000 crafting and home decor products, including needle art and custom frames, in more than 750 stores in the U.S.

As of Sept. 22, 2017:
Last change ()
YTD change ()
Industry Retail
Biggest asset N/A
Citizenship United States
Age 74
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

David Green's net worth of can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

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Biography

Birthdate: 11/13/1941
Family: Married, 3 children

David Green was born into a family of preachers in 1941. The billionaire didn't make it past high school. A devout Christian, Green co-founded Greco Products, the predecessor to Hobby Lobby, with a $600 loan in a garage in 1970. At first, he and his partner made miniature picture frames. Green started Hobby Lobby by leasing 300 square feet of manufacturing space and an additional 300 square feet for retail in August 1972. Hobby Lobby was expanding outside the Oklahoma with outlets in Little Rock, Arkansas, and Wichita, Kansas by 1984. The company has 600 stores in the U.S. that average 55,000 square feet, according to its website.

Green sued the U.S. government over the provision of the 2010 U.S. health law requiring employers and insurers to provide preventive health services without charge to their workers, a category the administration said includes birth control, in 2013. Green has said he doesn’t object to providing preventive birth control, but refuses to cover two emergency birth-control pills, Teva Pharmaceutical Industries's Plan B One-Step and Actavis's Ella, which are taken after sex. He believes they cause abortions.

Green is married and has three children. Son Steve serves as the company's president, Daughter Darsee Lett worked as vice president in the art and creative department. Another son, Mart, is the founder and chief executive officer of Mardel, a Christian retailer that sells books and bibles, action figures and other products.

Milestones
  • 1941 David Green is born to a family of preachers.
  • 1970 Co-founds Greco Products in a garage with $600 loan.
  • 1972 Starts Hobby Lobby in Oklahoma City.
  • 1981 Son Steve joins Hobby Lobby. Son Mart starts religious supply chain.
  • 1985 Records first, and only, revenue loss in company history.
  • 2001 Sales at Hobby Lobby exceed $2 billion in 2009.
  • 2007 Donates $70 million in cash to Oral Roberts University to bail out school.
  • 2013 Pledges to stock Jewish merchandise after blogger backlash.