Hobby Lobby is a privately owned arts and crafts retail company headquartered in Oklahoma City, Oklahoma, United States. The company is well known for selling arts and crafts supplies, home décor items, seasonal decorations, fabrics, and DIY products through large-format retail stores across the country.
Hobby Lobby was founded in 1972 by David Green. What started as a small picture-frame business eventually grew into one of the largest privately owned retail chains in the United States. Today, Hobby Lobby operates more than 1,000 stores nationwide and employs tens of thousands of workers.
The company is also recognized for its faith-based business values, including closing all stores on Sundays. As of the most recent information, Hobby Lobby continues to operate as a family-owned business, with leadership roles held by members of the Green family.
Ownership Status of Hobby Lobby
There is no single public shareholder of Hobby Lobby because the company is not publicly traded. Hobby Lobby is a privately held company, and ownership is retained entirely by the Green family.
Since it is private, Hobby Lobby does not trade on any stock exchange and does not file public ownership disclosures such as SEC Forms 13D, 13G, or 13F. Ownership percentages are not publicly disclosed.
Major Owners of Hobby Lobby
| Owner / Entity | Ownership Type | Notes |
|---|---|---|
| David Green | Founder & Primary Owner | Founded Hobby Lobby in 1972 and remains the principal owner |
| Green Family | Family Ownership | Ownership and control remain within the Green family |
Note: Hobby Lobby has no public shareholders. All ownership is privately held.
About the Hobby Lobby, David Green
David Green is an American businessman and the founder of Hobby Lobby. He started the company in 1972 from his garage in Oklahoma City, initially selling handmade picture frames. Over time, David Green expanded the business into a nationwide arts and crafts retail chain. He is widely known for running Hobby Lobby as a family-owned company guided by Christian values, including the decision to keep stores closed on Sundays. Even today, he remains deeply involved in the company’s long-term vision and ownership, making him one of the most influential figures in the U.S. retail industry.
David Green Net Worth
As of the most recent estimates, David Green’s net worth is believed to be in the range of several billion dollars, largely derived from his ownership stake in Hobby Lobby. Financial publications such as Forbes have previously estimated his net worth at around $13 billion, though the exact figure may fluctuate due to private company valuations and reinvestment strategies. Since Hobby Lobby is privately held, precise financial details are not publicly disclosed, but David Green is consistently ranked among the wealthiest private business owners in the United States.
Key Shareholder (Ownership) Highlights
Hobby Lobby’s ownership structure allows the company to operate independently without outside investor pressure. Because the business remains under family control, strategic decisions are made internally rather than being influenced by public market expectations. This structure has helped Hobby Lobby maintain its long-standing business values and long-term growth strategy.
Leadership and Control
Although David Green is the founder and owner, operational leadership is shared within the family. His son Steve Green serves as the President of Hobby Lobby, overseeing daily operations and long-term planning.
The Green family is also known for its philanthropic involvement, including funding the Museum of the Bible in Washington, D.C., though Hobby Lobby itself remains focused on retail operations.
FAQs
1. Who is the current owner of Hobby Lobby?
Hobby Lobby is owned by its founder David Green and the Green family. It is a privately held company.
2. Is Hobby Lobby publicly traded or privately owned?
Hobby Lobby is privately owned and is not listed on any stock exchange.
3. Who founded Hobby Lobby?
Hobby Lobby was founded by David Green in 1972.
4. Does Hobby Lobby have shareholders?
No. Hobby Lobby does not have public shareholders. Ownership is limited to the Green family.
5. Has Hobby Lobby ownership changed recently?
There have been no publicly reported changes in ownership. The company remains family-controlled.