John Fisher is an American heir and investor who has a net worth of $2.1 billion. His mother and late father founded retailer The Gap, a multinational clothing and accessories retailer. John used his inheritance to buy The Oakland A’s baseball team and the San Jose Earthquakes MLS team.
He was born John J. Fisher on June 1, 1961, the youngest of three sons born to Doris and Donald Fisher, founders of The Gap. A Princeton graduate who holds an MBA from Stanford University, he is the only of the three Gap heirs who does not sit on the company’s board. Soon after finishing college, Fisher took a job at the mailroom at the Republican National Committee. He also served as a fund-raiser for former President Reagan and then-Vice President Bush. Later, Fisher worked for a real estate company that collaborated with Gap. Next he served as the President of the family’s investment company Pisces Inc, and soon, he became friends with Lewis Wolff. The duo bought few Fairmont hotels in San Francisco which led to Fisher’s investment in his passion: sports.
Being a sports enthusiast, Fisher holds the controlling stake of the Oakland Athletics in MLB (Major League Baseball), a small share in San Jose Earthquake, a soccer club in Major League Soccer, and in Glasgow Celtic, a Scotland’s football club. Moreover, he serves as the Chairman of the KIPP Foundation (Knowledge is Power Program), which is dedicated to training teachers for the KIPP school chain.
Directly or indirectly through various family trusts, Doris and her sons own around 43% of the company’s shares. At the peak of the company’s performance, the Fisher family received $100 million a year in dividends alone. The family is one of the 30 largest landowners in the US, owning 440,000 acres in California alone.
| Net Worth: | $2.1 Billion |
| Date of Birth: | 1950 |
| Gender: | Male |