Jim Davis & family
Chairman, New Balance
$6.5B
as of 04/20/26
About Jim Davis & family
Jim Davis bought a small Boston shoemaker in 1972 and turned it into $6.5 billion (sales) New Balance Athletics.
Davis is the chairman of New Balance, and his wife Anna, who joined the company in 1977, is the vice chairman.
He and his family own an estimated 95% of the company, which is private.
New Balance is known for its running shoes but also makes footwear, clothing and equipment for baseball, lacrosse, and soccer as well as lifestyle fashion.
He got his start working for his father's restaurants as a "lumper" carrying trays.
At college he studied biology and chemistry, thinking he'd work in medicine, until one of his professors suggested his talent might be in sales.
Personal stats
Citizenship
United States of AmericaSource of wealth
New BalanceResidence
Newton, MassachusettsMarital status
MarriedBirth date
05/17/43 (age 82)Number of children
2Education
Bachelor of Arts/Science, Middlebury CollegeSelf-made
self-madeJim Davis & family’s fortune is worth
108K
troy ounces of gold
100K
median U.S. household
65K
median U.S. income
0.13%
U.S. credit card volume
0.026%
GDP of the United States
0.019%
United States debt
Net worth history
Annual ranking
Did you know?
Davis was an early investor in fleet electrification company XL Fleet and owns 9% of the company, which went public via a SPAC merger in late 2020.
Net worth over time
Real-time ranking
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