Richard Hayne & family
Overview
- Source of Wealth
- Urban Outfitters
- Industry
- Fashion & Retail
- Residence
- Philadelphia, Pennsylvania
- Organization
- Chairman, President & Chief Executive Officer at Urban Outfitters Inc.
- Education
- Lehigh University (Bachelor of Arts/Science)
- Marital Status
- Married
Assets
- Urban Outfitters Inc.27,473,000 shares @ --URBN-US
Biography
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.
About
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.