Blake Mycoskie is popularly known for his company TOMS Shoes. The company work on the principle of “One for One” business model. He has a remarkable entrepreneurial spirit. He started many successful companies from his college days. He is the Chief Shoe Giver of TOMS Shoes. To know more about the net worth of Blake Mycoskie in 2018, read the following article.
Early Life & Biography:
Blake Mycoskie was born on August 26, 1976, in Arlington, Texas of US. His father’s name is Mike Mycoskie. He is an orthopedic surgeon. His mother’s name is Pam Mycoskie. She is an author. He has a sister whose name is Paige Mycoskie and a brother Tyler Mycoskie. Blake attended Arlington Martin High School for his school education.
He did his graduation from St. Stephen’s Episcopal School in Austin in 1995. Blake loved playing tennis and received partial tennis scholarship in 1995 to attend Southern Methodist University. He decided to do a dual major in Philosophy and Business at the university. He had an Achilles tendon injury which ended his tennis career.
Mycoskie lives in Los Angeles, California, United States. He met his love Heather Lang while working at TOMS. Both married in 2012. The couple has one son. His name is Summit. Heather cares for animals. She runs a program “TOMS Animal Initiative” in collaboration with TOMS. Blake is an enthusiastic golfer and fly-fisher.
Career, Awards & Nominations:
Blake founded his first business when he left the college. His business EZ laundry focuses on giving on-campus dry cleaning service. His business expanded and generated $1 million in sales. Later, he sold the company to his partner. He founded Mycoskie Media at Nashville. It was an outdoor billboard company which focuses on marketing country music. Clear Channel bought the company. He moved to Los Angeles. There he co-founded Reality Central, the cable network with Larry Namer. However, it received moderate success, and the company folded its operation in 2005.
His career turned when he realized the pain of poor children walking barefoot in the villages of Argentina. He founded “Shoes for Better Tomorrow” in 2006. Later, the company name shortened to TOMS. He decided to give one shoe to a disadvantage for every one shoe sold. He included eyeglasses in 2011 in his One for One offering. In 2014, Mycoskie announced the launched of TOMS Roasting Company. The company offers coffee source through direct trade in countries like Rwanda, Peru, Malawi, Guatemala, Honduras, and Peru. He promised to give safe water for every bag of coffee sold. The company has provided 335,000 weeks of safe water since 2014.
For his remarkable contribution to the business and society, he received Secretary of State’s 2009 Award for Corporate Excellence.
Net Worth & Earnings:
How much will be the net worth of a person who has such a tremendous entrepreneurial spirit? He has sold 50% of the ownership of TOMS to Bain Capital. He is known to have an estimated net worth of $340 million. The man is a successful entrepreneur and author. Mycoskie published the book “Start Something That Matters” in 2011. His book becomes the New York Times best-selling business book. It achieved the number one position in New York Times best-seller in advice category.
Blake Mycoskie is one of the great American entrepreneurs and author. He has the keen interest in philanthropic activities. His business model formula is “One For One.” His writings are related to virtues of social entrepreneurship. He believes in the principle of making profits in business and helps the disadvantage.