Richard Hayne & family
$2.4B
Born
Sep 01, 1947
Age
78
Source of Wealth
Urban Outfitters
Residence
Philadelphia, Pennsylvania
Citizenship
United States
Marital Status
Married
Children
0
Education
Bachelor of Arts/Science, Lehigh University
- Former hippie Richard Hayne opened his first apparel shop in the mid 1970s, near the University of Pennsylvania, with only $4,000.
- Today, Urban Outfitters is a nationwide chain with more than 200 locations and over $5 billion in revenue.
- Hayne took Urban Outfitters public in 1993 and owns nearly a quarter of the company with his wife.
- 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 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 Inuit in Alaska.
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