The billionaire owner of Hobby Lobby says he is giving away his ownership of the company and cites his Christian faith for the decision.
“I chose God,” wrote David Green, 80, in an op-ed for Fox News on Friday.
Green founded the arts and crafts retail chain in Oklahoma in 1970 on a $600 loan, according to Forbes. Since then, Hobby Lobby has blossomed into a multibillionaire company with 970 stores across the country. Green is currently worth an estimated $13.7 billion.
However, as Green amassed a great amount of wealth, he became fixated on the question if he was an owner of the company and his wealth or a steward — which he defines as: “a manager of what you’ve been entrusted with.”
