Blake Mycoskie Net Worth is$5 Million
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An American, Blake Mycoskie is an entrepreneur with a net worth of $5 million. Blake Mycoskie gained his net worth by being the founder of TOMS Shoes, a footwear company located in Santa Monica, California. Born in Arlington, Texas, Mycoskie donates a part of TOMS shoes to a child in need every time a person buys a pair of shoes from his company.
TOMS Shoes is a for-profit company based in Santa Monica, California, that also operates a non-profit subsidiary, Friends of TOMS. The company was founded in 2006 by Blake Mycoskie, an entrepreneur from Arlington, Texas. The company designs and sells lightweight shoes based on the Argentine alpargata design. With every product sold, TOMS will donate a pair to a person in need.
While competing on the second season of The Amazing Race with his sister, Mycoskie visited Argentina. He returned there on vacation in January 2006 and had the idea to develop a shoe company where for every pair sold, a new pair would be given to child in need. Blake had once said of his revelation, "I was sitting on a farm pondering life, and it occurred to me, 'I'm going to start a shoe company, and for every pair that we sell, I'll give a pair to someone who needs them.'" Mycoskie took to wearing the local alpargata shoes. After Mycoskie noticed the numerous children without shoes in the poorer villages, he returned to the United States and sold his online driver education company to self-finance the shoe company.
These shoes have also been worn by Argentine farmers for hundreds of years and were the inspiration for the classic style of TOMS. These canvas or cotton fabric shoes are now manufactured in many styles including a Wrap Boot, Stitchouts, Cordones, and Botas. The sole is constructed of rubber. TOMS offers several vegan styles as well. The company name is derived from the word "tomorrow," and evolved from the original concept, "Shoes for Tomorrow Project."
According to the corporate website, TOMS are currently manufactured in Argentina, China and Ethiopia.
After his visit to Argentina in 2006, Mycoskie decided to get involved in shoe giving. Considering sustainability, he concluded that starting a business rather than a charity would help his impact last longer. In his speech at the Second Annual Clinton Global Initiative, Mycoskie recalled that children without shoes w

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Blake Mycoskie Latest News

Women in Business Q&A: Lynn Tesoro, Co-Founder and CEO, HL Group

The highlights are bountiful! We have and continue to work with amazing brands, including ones we helped to launch like TOMS shoes with Blake Mycoskie, and Charlotte Tilbury, a terrific new beauty leader. We have worked with Barbie/Mattel, Four Seasons ...
Posted: November 30, 2017, 7:43 am

Putting the Shoe On the Other Foot

“I took inspiration from Blake Mycoskie from TOMS, they had their one for one program, and I have followed Blake’s enterprise from afar for a few years now and it must have been in the back of my mind because when I was walking through Martin Place ...
Posted: December 5, 2017, 2:24 pm

TOMS founder: 'I was CEO by default, but I never was a CEO'

In 2015, nine years after founding TOMS Shoes, Blake Mycoskie stepped down from the ... his power and what his current role entails. According to Mycoskie: I was CEO by default, but I never was a CEO. I mean I'm a founder, I love the beginning of things.
Posted: June 17, 2016, 12:19 pm
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