Bruce Nordstrom Net Worth
Bruce Nordstrom Net Worth: Bruce Nordstrom is an American businessman who has a net worth of $1.74 billion. The grandson of Nordstrom, Inc founder, John W. Nordstrom, Bruce was involved in the operations of the company at the age of nine. At the time, he was working in the stockroom on the sales floor of the company making 25 cents an hour, a solid start for its future president. Born on October 1, 1933, he took a degree in economics from the University of Washington in 1955, after which he officially joined the company. It was in 1963 that he assumed the position of president and he presided the company until 1995, and then he resumed his position as chairman in 2000 until 2006. In his 40 years of leadership, he has transformed the company from an operator of seven shoe stores to more than 156 stores in 27 states, as well as a European chain of boutiques. As for the company's revenue, it grew from $40 million to $8 billion. Now the company is headed by his son Blake who works on its future expansion. Already having established massive online operation that serves customers in 44 countries, Nordstrom is planning to open a full-line 285,000-square-foot New York City location on West 57th Street by 2018.