The Davises – $5.9B
Although it is not exactly as splashy as Nike, New Balance continues to be a great sports shoes line. Can you believe that the company is actually more than a hundred years old? Originally known as New Balance Arch Support Company, it has turned the progeny of the founder into a billionaire! Jim Davis now runs the line, and it is not possible to deny that his leadership has taken it to new heights. Sales have never been better, and his personal wealth grew further by investing in Major League Lacrosse. Unfortunately, both the man and the brand have received criticism for making donations to far left political causes. As you can imagine, the backlash has caused the company to suffer significantly.
The Davises – $5.9B
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