Close Menu
NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Subscribe
    NERDBOT
    • News
      • Reviews
    • Movies & TV
    • Comics
    • Gaming
    • Collectibles
    • Science & Tech
    • Culture
    • Nerd Voices
    • About Us
      • Join the Team at Nerdbot
    NERDBOT
    Home»News»David Green Gives Away Hobby Lobby, Because “God was True Owner”
    Hobby Lobby
    Hobby Lobby store Source: m01229 (https://flic.kr/p/bLqJtT)
    News

    David Green Gives Away Hobby Lobby, Because “God was True Owner”

    Amy DavisBy Amy DavisOctober 26, 20222 Mins Read
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email

    Hobby Lobby founder David Green is giving away the company. In explaining why, he directly referenced Yvon Chouinard, founder of the Patagonia outdoor apparel company. Back in September, Chouinard and his family put the ownership of the $3 billion company into a specially designed trust. This trust is created to preserve Patagonia’s independence, and ensure that all of its profits go to combat climate change. Which should certainly help considering the venture makes roughly $100 million a year.

    Hobby Lobby store
    Hobby Lobby store Source: JJBers (https://flic.kr/p/2eoySog)

    The major difference here is Green claims his decision to give away Hobby Lobby was because he “chose God.” He believes faith is the “true source” of his success. “God was the true owner of my business,” Green said in an op-ed published by Fox News. “When I realized that I was just a steward, it was easy to give away my ownership.”

    “As an owner, there are certain rights and responsibilities, including the right to sell the company and keep the profits for yourself and your family,” the Hobby Lobby founder elaborated. “As our company grew, that idea began to bother me more and more. Well-meaning attorneys and accountants advised me to simply pass ownership down to my children and grandchildren. It didn’t seem fair to me that I might change or even ruin the future of grandchildren who had not even been born yet.”

    Green thinks “Wealth can be a curse and, in most cases, if you drill down on it, wealth is a curse in terms of marriage, children, and things of that nature.” Hence why he believes passing the company down may ruin lives in the future. 

    The details on how Green will give away Hobby Lobby are still unclear. But in an interview, Green did say 100% of the company’s voting stock has been moved into a trust. Possibly mirroring Chouinard’s approach. 

    Do You Want to Know More?

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleGuillermo del Toro’s “Cabinet of Curiosities”- Strong Start [Review]
    Next Article Best Summer Vacation Movies
    Amy Davis

    Hi, I’m Amy. I like long walks in the graveyard, horror movies, comic books, and bringing you the latest in nerd-centric news.

    Related Posts

    Gamification of Entertainment: How are new Technologies changing Indoor Game Activities?

    July 10, 2025

    Black Sabbath, Ozzy Osbourne Farewell Concert Raises $190 Million

    July 9, 2025

    Body Found in Pasadena, CA Goodwill Donation Bin

    July 8, 2025

    Convicted Felon Billy McFarland Lists Fyre Fest for Sale on eBay

    July 8, 2025

    James Gunn’s “Superman” Brings Updated Meaning to the Man of Steel [Spoiler-Free Review]

    July 8, 2025

    The F11PRO 2 Drone – Pro-Level Performance Meets Sleek Design

    July 3, 2025
    • Latest
    • News
    • Movies
    • TV
    • Reviews

    Understanding Human Behavior: How AI Analyzes and Predicts Decision-Making

    July 10, 2025

    Benefits of Leveraging Pharmacokinetics Services

    July 10, 2025

    Best 3-Point and PTO Stump Grinders for Tractors (2025 Buyer’s Guide)

    July 10, 2025

    Best Site to Play Cash Poker Games: GGPoker or Bodog? (2025 Comparison)

    July 10, 2025

    Gamification of Entertainment: How are new Technologies changing Indoor Game Activities?

    July 10, 2025

    Black Sabbath, Ozzy Osbourne Farewell Concert Raises $190 Million

    July 9, 2025

    Body Found in Pasadena, CA Goodwill Donation Bin

    July 8, 2025

    Convicted Felon Billy McFarland Lists Fyre Fest for Sale on eBay

    July 8, 2025

    First Trailer for Millennium’s “Red Sonja” Hits

    July 10, 2025

    Cameras Are Rolling on “Dune Part 3”

    July 8, 2025

    James Gunn’s “Superman” Brings Updated Meaning to the Man of Steel [Spoiler-Free Review]

    July 8, 2025

    Jon M. Chu to Direct Live-Action “Hot Wheels” Movie

    July 7, 2025

    “Outlander” Prequel Series “Blood of My Blood” Gets Trailer

    July 10, 2025

    Netflix “Monster” Season 4 May Focus on Lizzie Borden

    July 8, 2025

    CD Projekt Red Confirm “Cyberpunk: Edgerunners 2” with Teaser

    July 5, 2025

    “South Park” Creators Call Paramount-Skydance Merger ‘S***show’

    July 4, 2025

    James Gunn’s “Superman” Brings Updated Meaning to the Man of Steel [Spoiler-Free Review]

    July 8, 2025

    The F11PRO 2 Drone – Pro-Level Performance Meets Sleek Design

    July 3, 2025
    "M3GAN," 2025

    “M3GAN 2.0” A Sequel That Forgets to Have Fun [Review]

    June 29, 2025

    “F1: The Movie” Thrilling Cars, Crash and Burn Story [Review]

    June 28, 2025
    Check Out Our Latest
      • Product Reviews
      • Reviews
      • SDCC 2021
      • SDCC 2022
    Related Posts

    None found

    NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Nerdbot is owned and operated by Nerds! If you have an idea for a story or a cool project send us a holler on [email protected]

    Type above and press Enter to search. Press Esc to cancel.