Richard Hayne
Philadelphia, Pennsylvania
Bachelor of Arts/Science, Lehigh University
United States
President & Chief Executive Officer, Urban Outfitters
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Urban Outfitters, Self Made
$1,000,000,000
1818
#1818 Billionaires 2019
#383 Forbes 400 2014
Former hippie Richard Hayne opened his first apparel shop with his ex-wife in the mid-70s near the University of Pennsylvania with only $4,000. Today, Urban Outfitters is a nationwide chain with more than 200 locations and over $3 billion in revenue.Hayne took Urban Outfitters public in 1993 and with his wife owns roughly a quarter of the company.Hayne became the company's CEO in 2012 after former CEO Glen Senk left to run New York-based jeweler and watchmaker David Yurman. His firm has been at the center of controversy over the years when its products have offended the LGBT community, Navajos, Irish Americans and Jews.
Hayne also owns the 700-acre Doe Run Dairy farm in Pennsylvania, which produces cheese.In 1969, after graduating with a degree in anthropology from Lehigh University, Hayne did a stint volunteering with Eskimos in Alaska.
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