David Green, the founder and CEO of Hobby Lobby, is a billionaire and a successful businessman. With an estimated net worth of around $9.5 billion according to Forbes, he is one of the most influential figures in the arts and crafts industry and an inspiring leader who has overcome numerous challenges throughout his career. Green’s story is a true testament to the power of hard work, perseverance, and faith.
Green was born in Oklahoma City, Oklahoma, in 1941. He grew up in a Christian family and was raised to have strong values and a deep faith. As a young man, he worked as a store clerk and a salesman, learning valuable skills and gaining experience in the retail industry.
In 1970, Green and his wife Barbara decided to start their own business, with the aim of providing high-quality arts and crafts supplies at affordable prices. They opened their first store, Hobby Lobby, in Oklahoma City, with just $600 in startup capital. The store was a success, and the Greens soon opened more locations across Oklahoma and neighboring states.
Over the years, Hobby Lobby grew into a national chain with over 900 stores across the United States, employing over 40,000 people. Green’s entrepreneurial spirit and dedication to his customers and employees have made him a highly respected figure in the business world.
Green’s success hasn’t come without its share of challenges. In 1995, Hobby Lobby was sued by the federal government for allegedly importing artifacts from Iraq without proper documentation. The case dragged on for years, and Green faced the possibility of losing his business and his reputation.
However, Green refused to back down and remained steadfast in his faith and his commitment to his principles. He eventually reached a settlement with the government, but the experience left a lasting impact on him and his company.
In 2014, Green again made headlines when he sued the federal government over the Affordable Care Act’s contraceptive mandate, arguing that it violated his religious beliefs. The case went all the way to the Supreme Court, where Green and Hobby Lobby emerged victorious.
Green’s faith has been a driving force in his life and his business. He has always been vocal about his Christian beliefs and has made it a priority to run his company according to his values. He closes all his stores on Sundays, so his employees can spend time with their families and attend church.
Green has also been a generous philanthropist, donating millions of dollars to various Christian organizations and causes. In 2017, he opened the Museum of the Bible in Washington D.C., a massive institution dedicated to the history and influence of the Bible.
Green’s story is an inspiring one, full of lessons for aspiring entrepreneurs and business leaders. Here are some of the key takeaways:
Follow your passion
Green’s love for arts and crafts was the driving force behind his decision to start Hobby Lobby. He saw a need in the market for affordable, high-quality supplies and set out to fill that gap. By following his passion, he was able to create a successful business that has brought joy and creativity to millions of people.
Stay true to your values
Green’s commitment to his Christian faith has been a guiding force throughout his career. He has always made it a priority to run his company according to his principles, even when faced with challenges and controversy. By staying true to his values, he has earned the respect and loyalty of his customers and employees.
Don’t be afraid to take risks
Starting a business is never easy, and there are always risks involved. Green and his wife Barbara took a chance on their idea for Hobby Lobby, despite having limited resources and no prior experience in the industry. By taking calculated risks and being willing to learn from mistakes, they were able to build a successful company.
Persevere in the face of adversity
Green has faced numerous challenges throughout his career, from legal battles to controversy surrounding his religious beliefs. However, he has remained steadfast and resilient in the face of adversity. His unwavering faith and commitment to his principles have helped him overcome these challenges and emerge stronger than ever.
Give back to your community
David has always been a generous philanthropist, donating millions of dollars to various Christian organizations and causes. His most notable contribution is the Museum of the Bible, which has become a world-renowned institution dedicated to educating people about the history and influence of the Bible. By giving back to his community, Green has not only made a positive impact on the world but also built a legacy that will endure for generations to come.
Hobby Lobby CEO David Green is an inspiring figure who has built a successful business empire while staying true to his values and principles. His story is a testament to the power of hard work, perseverance, and faith.
As aspiring entrepreneurs and business leaders, we can learn a great deal from his example and apply these lessons to our own lives and careers. By following our passions, staying true to our values, taking calculated risks, persevering in the face of adversity, and giving back to our communities, we can create successful businesses and make a positive impact on the world around us.