Blake Mycoskie’s net worth is a popular topic. Since he is a guest shark on Shark Tank and a very successful entrepreneur. He started and ran “Tom’s Shoes” then sold it. Most recently he started “Madefor” in 2020. Blake Mycoskie’s net worth is reported at $300+ million. Here’s how that came about.
1. While many know Blake for “Tom’s Shoes” that is not his first entrepreneurial venture. His business ideas date back to his college days at Southern Methodist University where he began a college laundry service. Later on, he actually started and ran an outdoor advertising company and an online drivers’ education service prior to starting Tom’s Shoes. (CNBC.com)
2. Blake Mycoskie built the multi-million dollar business, Tom’s Shoes starting in 2006 according to Wikipedia.
3. Blake credits his success to one simple habit. That habit is journaling. He started journaling at age 15 when he was playing competitive tennis.
4. In 2014, Blake Mycoskie sold half (50%) of TOMS to Bain Capital. He retained his role as “Chief Shoe Giver.” “In eight short years, we’ve had incredible success, and now we need a strategic partner who shares our bold vision for the future and can help us realize it.” (Wikipedia)
5. TOMS Shoes was valued at $625 million at the time of sale in 2014 to Bain Capital. This left Mycoskie with a net worth increased by $300 million from the sale.
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