Name
Jim Davis
Jim Davis
Newton, Massachusetts
Bachelor of Arts/Science, Middlebury College
United States
New Balance
8
New Balance, Self Made
$5,800,000,000
311
3
#311 Billionaires 2019
#104 Forbes 400 2018
Jim Davis bought a small Boston shoemaker in 1972 and turned it into New Balance, which reaped $4 billion in 2017 sales.Davis and his family own an estimated 95% of the company, which is private.New Balance produces clothing and equipment for lacrosse and soccer but is known for its running shoes.In 2015 New Balance moved into a $500 million development in Boston that also houses practice arenas for the Boston Bruins and the Celtics.Davis is the chairman of New Balance, and his wife Anna, who joined the company in 1977, is the vice chairman.
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