Introduction
David Ihrig is a successful entrepreneur who has made quite a fortune in his career. Interestingly, he didn’t come from a wealthy family nor did he inherit any wealth. He started his business from scratch and worked hard towards building his empire. Though his net worth may surprise many, it’s not surprising for people who know him well. In this blog post, we’ll dive into David Ihrig’s net worth and how he made his fortune.
Who Is David Ihrig?
David Ihrig is an American entrepreneur and businessman. He is the founder of the furniture company, Ihrig Furniture, which he later sold to Bassett Furniture Industries. He also founded RBM Holdings, a company that operates the subsidiary, Rakuten Business Messaging. Additionally, he has been a part of many other businesses, including real estate.
How David Ihrig Made His Fortune
David Ihrig made his fortune from his successful furniture business. He started Ihrig Furniture in the early 90s with only $7,000 initial investment. Ihrig Furniture was known for its high-quality and affordable furniture, which was a hit among customers. The business became very successful, and in 2002, Bassett Furniture Industries acquired it for $4.5 million.
After selling the furniture company, David Ihrig continued to explore different business ventures. He founded RBM Holdings, focusing on messaging and communication, which lead to the company’s acquisition by Rakuten, a Japanese electronic commerce and internet company. Ihrig has also been known to invest in real estate, which has also contributed to his fortune.
David Ihrig Net Worth
David Ihrig’s net worth according to Forbes in 2021 stands at $120 million. This comes as a surprise to many people who are not familiar with his entrepreneurial journey. However, his success is a result of hard work, dedication, and smart investments. It’s not just his business ventures that have contributed to his net worth; he has also been known for his interest in philanthropy.
David Ihrig’s Philanthropic Efforts
David Ihrig is not only successful in his professional life but also in his philanthropic efforts. He has been involved in various charitable causes that focus on supporting community development and education. Ihrig has donated to several educational institutions and foundations.
One example of David Ihrig’s philanthropy is his donation to the Lakeland Community College Foundation. The donation was aimed at supporting students who are interested in pursuing careers in entrepreneurship. Additionally, he has given to many other charitable organizations, including the American Cancer Society.
FAQs
Q: What is David Ihrig’s net worth?
A: David Ihrig’s net worth according to Forbes in 2021 stands at $120 million.
Q: What is David Ihrig known for?
A: David Ihrig is known for his successful business ventures, including Ihrig Furniture, RBM Holdings, and real estate investments.
Q: What is Ihrig Furniture?
A: Ihrig Furniture was a furniture company founded by David Ihrig in the early 90s, known for its high-quality and affordable furniture, which was later sold to Bassett Furniture Industries.
Q: What is RBM Holdings?
A: RBM Holdings is a company founded by David Ihrig that operates the subsidiary Rakuten Business Messaging.
Q: What philanthropic efforts has David Ihrig been involved in?
A: David Ihrig has been involved in charitable causes that focus on community development and education, including donations to the Lakeland Community College Foundation and the American Cancer Society.
Q: Was David Ihrig born rich?
A: No, David Ihrig did not come from a wealthy family nor did he inherit any wealth.
Q: What is David Ihrig’s secret to success?
A: David Ihrig attributes his success to hard work, dedication, and smart investments.
Conclusion
David Ihrig’s net worth may surprise many at first glance, but it’s not surprising to those who know him well. He built his fortune from scratch through hard work, dedication, and smart investments. His entrepreneurial journey is a source of inspiration for many aspiring entrepreneurs out there. Moreover, David Ihrig has also made significant philanthropic contributions focusing on community development and education.