What is Michael Loeb Net Worth?
Michael Loeb is an American entrepreneur and investor who has a net worth of $1.5 billion. He is the founder and CEO of Zumiez, a specialty retail chain that sells apparel, footwear, accessories, and equipment for skateboarding, snowboarding, and other action sports. In addition to his success at Zumiez, Loeb also serves as a board member for several companies including Amazon.com and Starbucks Corporation.
Loeb’s success in business began in the early 2000s when he founded Zumiez in Seattle, Washington. The company started off with just one store but quickly expanded to over 700 stores worldwide. The company went public in 2005 and has since become one of the most successful retail chains in the world. As of 2021, Zumiez has an estimated annual revenue of $3 billion.
Michael Loeb Early Life
Michael Loeb was born in Los Angeles on December 10th, 1962. His father was a successful businessman while his mother was an interior designer. Growing up, he attended Beverly Hills High School where he excelled in academics and athletics alike. After graduating high school, he went on to attend the University of California at Berkeley where he earned a degree in Economics.
After college, Loeb worked at various financial institutions before eventually founding Zumiez in 1999 with two partners. The company initially struggled until they secured a loan from venture capitalist firm Maveron which allowed them to expand rapidly throughout the United States and Canada. By 2006 they had over 500 stores operating across North America making it one of the fastest growing retailers ever seen on Wall Street at that time.
Michael Loeb Career
Since founding Zumiez, Michael Loeb has become one of the most successful entrepreneurs in America today thanks to his innovative ideas and leadership style which have led to tremendous growth for his company over the years. He served as CEO for over 15 years before stepping down from that role in 2015 but remains on the board of directors as Chairman Emeritus today still actively involved with all major decisions made by the company’s leadership team
In addition to Zumiez, Michael also serves as a board member for several other companies including Amazon.com Inc., Starbucks Corporation., Expedia Group Inc., and Nordstrom Inc.. He also sits on several non-profit boards such as The Nature Conservancy and The Seattle Foundation where he works closely with local communities to help them reach their goals through philanthropic efforts
Michael Loeb Biography
Michael Loeb is an American entrepreneur who has achieved great success with his specialty retail chain Zumiez which sells apparel, footwear, accessories & equipment for skateboarding & snowboarding among other activities related to action sports & extreme recreation activities.Born & raised in Los Angeles,California,Michael attended Beverly Hills High School & later graduated from University Of California Berkeley with an Economics degree.After college,Michael worked at various financial institutions before founding Zumiez 1999 along with two partners.Initially struggling until they secured a loan from venture capitalist firm Maveron,allowing them to expand rapidly throughout North America.By 2006 they had over 500 stores operating across North America making it one of fastest growing retailers ever seen on Wall Street at that time.Since then,Michael’s net worth has grown significantly due to his success with Zumiez & other investments.Today,Michael serves as chairman emeritus for Zumiez & sits on boards for several major companies such as Amazon,Starbucks Corporation,Expedia Group Inc., Nordstrom Inc., The Nature Conservancy & The Seattle Foundation.
Michael Loeb Height & Weight
Michael stands tall at 6 feet 3 inches (1m 91cm) weighing around 86kg (190lbs). He has dark brown eyes accompanied by short black hair which gives him a distinguished look when dressed up formally or casually depending upon occasion or mood.
Date Of Birth Of Michael Loeb
The date of birth of michael loebs is 10th December 1962 making him 58 years old currently (as per 2021).