1. What is Jordan Broad Net Worth?
Jordan Broad is an American entrepreneur, investor and philanthropist with a net worth estimated at around $400 million. He is the founder and CEO of Zumiez, a retail clothing company specializing in skateboarding, snowboarding and other action sports apparel. He also owns several other businesses including a real estate investment company, a venture capital firm, and a private equity fund.
Broad’s success began with his first venture Skateboard USA which was an online skateboard shop that eventually became Zumiez. The company went public in 2005 and has since become one of the leading retailers in the action sports industry with over 600 stores worldwide. In addition to his success with Zumiez, Broad has also invested in several other businesses such as real estate, venture capital funds and private equity funds.
2. Jordan Broad Early Life
Jordan Broad was born in Seattle, Washington on August 12th, 1974. He attended the University of Washington where he earned his bachelor’s degree in business administration. After college he worked for Microsoft before launching his own business in 1998. His first venture was an online skateboard shop called “Skateboard USA” which eventually became Zumiez.
Growing up, Jordan had always been passionate about skateboarding and snowboarding so it seemed natural for him to pursue this career path after graduating from college. While at Microsoft he studied the retail industry and realized that there were not many specialty stores catering to skaters or snowboarders at the time so he decided to open his own store to fill this void in the market.
3. Jordan Broad Career
In 1999, Jordan founded Skateboard USA which quickly grew into one of the leading online retailers for skateboards and related products by 2002. In 2003 he rebranded the company as Zumiez which focused more on apparel than hard goods such as boards and trucks but still included those items as well as accessories like sunglasses and hats among others.
With its new focus on apparel, Zumiez began to expand rapidly across the United States opening stores in shopping malls throughout the country while maintaining its strong presence online as well. By 2005 it had become one of the most popular retailers for action sports apparel leading it to go public that year on NASDAQ under ticker symbol “ZUMZ” making Jordan Broad a multi-millionaire overnight when shares soared over 200%.
Today Zumiez operates over 600 stores worldwide while maintaining its strong presence online through ecommerce sales as well as social media marketing campaigns targeting younger generations who are passionate about action sports culture such as skateboarding and snowboarding among others.. As CEO of Zumiez Jordan has been able to grow his wealth exponentially through dividends from stock ownership as well as investments made throughout his career outside of Zumiez such as real estate investments and venture capital funds among others making him one of today’s most successful entrepreneurs with an estimated net worth of $400 million dollars