Rank #1024
Todd Wanek
Net worth $4.1B
Furniture · United States
- Born
- Mar 16, 1964
- Age
- 62
- Source
- Furniture
- Residence
- St. Petersburg, Florida
- Citizenship
- United States
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Todd Wanek is the CEO of Ashley Furniture, the largest home furniture manufacturer and retailer in America.
- His dad, Ron Wanek, started the company in the 1970s with a loan from his father and money he got from selling his home.
- After graduating from college, Wanek and his new wife Karen spent five years living in Asia, where he managed the company's factory in Taiwan.
- In 1994, Wanek returned to the U.S., but continued to run international operations. He was promoted to chief operating officer in 1996.
- Wanek has been CEO since 2002; his dad, also a billionaire, remains chairman of Ashley Furniture.
- During high school and college, Wanek held a number of odd jobs at Ashley, including helping on the production line and shipping furniture.
- Wanek's son, Cameron, began working for Ashley Furniture in 2015 after receiving an MBA from High Point University.