Richard Hayne Net Worth is$1.1 Billion
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Nicknames: Richard A Hayne

Richard Hayne net worth: Richard Hayne is an American businessman with an estimated net worth of $1.4 billion dollars which makes him one of the richest people in Pennsylvania. A resident of Philadelphia, Pennsylvania, Richard Hayne graduated from LeHigh University with a degree in Anthropology in the late 60s. A year after graduating, he opened a store called, Urban Outfitters, on the campus of the University of Pennsylvania. His company now has three stores, Urban Outfitters, Free People, and Anthropologie, and over 200 locations. The company also recently launched a new series of gardening stores called, Terrain, and BHLDN, a store devoted to clothing for weddings. He has served as Chairman and President since 1976, and became CEO in January 2012. A staunch supporter of the Republican Party, Urban Outfitters has recently come under fire repeatedly for both political donations, and for selling merchandise that has offended multiple groups. Despite the company's various controversies, Urban Outfitters sales figures have increased 9% since 2011.
Richard Hayne is the president and CEO of Urban Outfitters, an American chain of clothing retailers; Hayne has been the chairman and president since 1976 and the CEO since the retirement of Glen Senk in January 2012. At a net worth of $1.8 billion, Hayne is the #262 richest person in the U.S. according to the 2008 Forbes 400 list, a ranking of the 400 richest Americans by net worth. He is included in the Top 40 richest people in Pennsylvania. He 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, in 1971. The first store was located on the campus of the University of Pennsylvania. Today, the company operates over 200 stores under three brands: Urban Outfitters, Free People, and Anthropologie and Terrain (newly launched gardening store).
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. Hayne has avoided stating his own views on homosexuality.

Richard Hayne Latest News

Urban Outfitters Inc. reports a better quarter than expected

In delivering the results, chief executive Richard Hayne highlighted "encouraging fashion apparel trends," which could help boost the company's performance in future quarters. Hayne has been working to improve sales in a retail environment plagued by store ...
Posted: August 16, 2017, 10:13 am

Why Urban Outfitters, Inc. Stock Popped Today

Said Urban Outfitters CEO Richard Hayne: While we are disappointed in our second quarter performance, we have a number of initiatives underway including: speed to customer, international growth, wholesale expansion and digital investments. ... We believe ...
Posted: August 16, 2017, 2:39 am

Urban Outfitters Jumps the Most Since 1993 IPO on Sales Progress

In delivering the results, Chief Executive Officer Richard Hayne highlighted “encouraging fashion apparel trends,” which could help boost the company’s performance in future quarters. Hayne has been working to improve sales in a retail environment ...
Posted: August 16, 2017, 2:28 pm

Urban Outfitters CEO Says ‘Execution’ to Blame for Poor Q2 Performance

Like many retailers, Urban Outfitters Inc. is dealing with weak sales and waning profits, but founder and chief executive officer Richard Hayne is putting the blame squarely on the company. The Philadelphia-based retailer's net income came in at $49.9 ...
Posted: August 17, 2017, 4:08 am

Urban Outfitters stands out as retailers offer some relief

But the company’s stock is still down more than 30 per cent for the year, and despite not being as bad as feared, its chief executive Richard Hayne accepted the results showed weakness. Apparel retailers catering to younger people have been hard hit in ...
Posted: August 15, 2017, 9:53 am
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