Jim Davis is an American entrepreneur and businessman who is considered one of the richest people in Massachusetts. He is the chairman and owner of New Balance. He is also the co-founder of Major League Lacrosse.
Jim Davis Biography And Net Worth
|Net worth||$3.3 billion|
|Full Name||Jim Davis|
|Profession||American entrepreneur and businessman|
Jim Davis Early Life
Jim was born on 17 May 1943. His parents were Greek Immigrants. He got his early education from Worcester academy. In 1966, he completed his graduation in chemistry and biology from Middlebury College. He used to play football in his college. He used to think that he would work in medicine after his graduation but one of his professors suggested that his talent belongs to sales.
Jim Davis career
Jim Davis did his first job in his father’s restaurant as a “lumper” carrying trays. Jim Davis started his career by doing the job as a sales manager at Life co. in Waltham, Massachusetts. He also started a job in the Applied Geodata Systems Division of TechEd Associates as a marketing manager. In 1972, he bought a 6-employee firm (shoemaker) in Boston and turned it into a new balance.
After some time, he turned this firm into a 4000 employee with a global corporation that produced revenues of around 2.5 billion dollars in a year. New Balance is known for producing the best running shoes and clothing and equipment for soccer and lacrosse. He also served as the Board member of sporting goods, the athletic footwear, and apparel manufacturers association. He also sits on the BOD of the Citizen’s bank in Rhode Island.
Jim Davis Donations
Jim Davis has donated five million dollars to the University of Maine and five million dollars to Mitt Romney’s Super PAC. In 2016, he has donated almost four million dollars to the Trump Victory Committee.
Jim Davis Books
Jim Davis has written and published two books. His first book which was published in 2008 is “My 40-year Photographic journey” and his second book is “50 years around the World” which was published in 2018.
Jim Davis Issues
In 2016, people started throwing the shoes and apparel of New Balance company after the company supported Donald Trump’s trade policies. After the company’s support, some of Donald Trump’s friends even stated that they would soon become customers of New Balance. Many old customers showed anger and social media was full of videos in which people were burning the New Balance shoe.
Jim Davis Wife
Jim Davis is married to Anna. Jim Davis and Anna have two children. Anna also joined the new balance company in 1977 and she is the vice chairman.
Jim Davis is one of the famous and most successful entrepreneurs and businessmen and chairman of his company “New balance”. He has a total net worth of around 303 billion dollars. He is considered one of the richest people in the World.