Bruce Nordstrom

Birthname

Bruce A. Nordstrom

Birthdate

October 1, 1933

Birthplace

United States of America

Education

University of Washington

Profession

Businessman

Net worth

$1,240,000,000

Source of Wealth

Retail

Nationality

United States

Country

United States

Marital Status

Married (Jeannie Nordstrom)

Children

3 (Blake, Erik, Peter)

American businessman Bruce Nordstrom has an estimated net worth of $1.24 billion as of May 2016 according to Forbes.

Bruce Nordstrom was born on October 1, 1933. He is an alumnus of the University of Washington where he graduated with a degree in economics in 1955. He is currently married to his wife Jeannie with whom he has three sons named Peter, Erik and Blake.

Nordstrom is known to be the grandson of Nordstrom, Inc founder, John W. Nordstrom. The company started in 1901 as a shoe store. He started working for the company at age 9 and that time, he was earning 25 cents per hour of work.

In over four decades, the company which started with only seven shoe stores developed into a European chain of boutiques and 156 stores found in 27 states. Under his leadership, the company's value significantly grew from $40 million to a staggering $8.6 billion.

In 1963, he started working as the company's president. By 1968, he became the co-chairman along with Bob Bender, Jack McMillan, James and John. He retired from his post in 1995. The leadership of the company was restructured by his sons together with the new chief executive officer John Whitacre. During his absence, the company earned significant losses which triggered Bruce to resume his post in 2000. Upon his return, profitability began to occur. Six years later, he tendered his resignation again.