Richard Hayne’s profile picture

Richard Hayne

Chairman, President & Chief Executive Officer, Urban Outfitters Inc.
Richard Hayne’s profile picture
Net worth 2018: $1.54 Billion
Residence: Philadelphia, Pennsylvania
Country: United States
BirthDay: 26 May 1947
Sigh: Gemini
Education: Bachelor of Arts / Science, Lehigh University
BIOGRAPHY

Richard Hayne was bornon 26 May 1947 in Philadelphia, Pennsylvania, United States, is Chairman, President & Chief Executive Officer, Urban Outfitters Inc.. Richard Hayne is #1591 in List Billionaires People In The World. 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, Urban Outfitter's chairman, became the company's CEO in 2012 after former CEO Glen Senk left to run New York-based jeweler and watchmaker David Yurman. Urban Outfitters, which targets teens and young adults, has been at the center of controversy over the years, and its products have offended a wide swath of America, including the transgender and gay communities, Navajos, Irish Americans and Jews. Together, they also own the 700-acre Doe Run Dairy farm in Pennsylvania, which produces cheese. Hayne's wife Margaret sits on Urban Outfitters' board and is CEO of wholly-owned brand Free People.

NET WORTH STATISTIC
2009

$1.25 Billion

2010

$1.3 Billion

2011

$1.4 Billion

2012

$1.4 Billion

2013

$1.8 Billion

2014

$1.6 Billion

2015

$1.55 Billion

2016

$1.2 Billion

2017

$1.2 Billion

2018

$1.54 Billion

TIMELINE
Richard Hayne (born May 26, 1947) is the president and CEO of Urban Outfitters, an American chain of clothing retailers. He has been the chairman and president since 1976 and the CEO since the retirement of Glen Senk in 2012. At a net worth of $1.8 billion, Hayne is the 262nd richest person in the U.S., according to the 2008 Forbes 400 ranking of the 400 richest Americans by net worth. He is included in the Top 40 richest people in Pennsylvania.Hayne is a 1969 graduate of Lehigh University with a degree in anthropology.He co-founded Urban Outfitters, Inc., in 1970 with former wife, Judy Wicks. The couple divorced a year later. The first store was located on the campus of the University of Pennsylvania. Today, the company operates over 400 stores under four brands: Urban Outfitters, Free People, Anthropologie and Terrain, a gardening brand which has standalone stores in Westport, Connecticut, and Glen Mills, Pennsylvania.Hayne's current wife, Margaret Hayne, joined Urban Outfitters in August 1982. He and his wife have been criticized for donating about $13,000 to then-Senator Rick Santorum until 2006, when Santorum lost his seat to Bob Casey, Jr. They also came under fire after Urban Outfitters hastily retracted a shirt advocating support for same-sex marriage in the wake of the passage of California's Prop 8 in 2008. The company later partnered with the National Center for Lesbian Rights to release a different shirt expressing support for marriage equality in 2009. He has avoided stating his own views on homosexuality. The company also partner with gay YouTuber Connor Franta to sell a limited clothing line at the 8 largest stores to raise money for GLSEN.
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