Leonard S. Riggio was a prominent American entrepreneur recognized for his position as the executive chairman of the bookstore chain Barnes & Noble. He unfortunately passed away on August 27, 2024. This occurrence sparked curiosity among online audiences, prompting an increased interest in his previously estimated net worth for 2024.
What is Leonard Riggio’s net worth in 2024?
Leonard Riggio has an estimated net worth of $79.4 million in 2024.
Leonard S. Riggio’s net worth in 2024 consists of earnings from his bookstore, Barnes & Noble, which he founded in 1971. He was known to turn this single New York City shop into a brand of superstores. However, with this superstore strategy, Barnes & Noble Inc. saw its total revenue skyrocket from $1.08 billion in 1992 to a whopping $2.4 billion by 1996. By 1998, they were launching new superstores at an impressive pace of 90 each year.
Leonard S. Riggio is most famous for his shares in prominent companies such as GameStop Corp., Barnes & Noble Education, Inc., and BARNES & NOBLE INC. His trading activities commenced in 2005, which marked the peak of his share acquisitions. Ultimately, in 2019, Leonard Riggio cashed out 14,052,132 shares, resulting in a substantial total of $91,338,858.00, representing his highest trade value year. But, Riggio sold the company in 2019 after almost 50 years in leadership.
What does Leonard S. Riggio do for a living?
Leonard S. Riggio is a well-known American Entrepreneur and Businessman presented as the former Barnes & Noble founder and chairman.
Most recently, Leonard S. Riggio passed away on Tuesday, August 27, 2024, at 83. All after a prolonged struggle with Alzheimer’s disease, as stated in a family announcement. A representative of his confirms this report as per People.
Leonard S. Riggio’s earnings explained — how does he make money?
Leonard S. Riggio earned money from being the owner and former chairman of his company Barnes & Noble as his legacy. Along with that, he earns with his prominent shares and investments in big corporations as well.
Riggio, who passed away at the age of 83, was born in New York City on February 28, 1941. He graduated from Brooklyn Technical High School in 1958 and subsequently attended evening classes at New York University. Renowned for acquiring significant pieces of Minimalist art, he generously contributed millions to the Dia Art Foundation. In recognition of his contributions, Riggio received the Americanism Award from the Anti-Defamation League in November 2000, which is the highest accolade bestowed by the ADL.
