Skechers Net Worth (Updated 2025).

Skechers, a household name in the footwear industry, traces its roots back to 1992 when it was founded by Robert Greenberg. Initially named “Skechers USA Inc.”, the company began as a division of L.A. Gear, focusing on creating casual shoes for men, women, and children. Greenberg, with his innovative vision and understanding of the market, saw an opportunity to fill a gap in the industry for stylish, yet comfortable footwear.

The turning point for Skechers came in 1993 with the introduction of their iconic “Reebok” inspired shoe, the “Skechers Dynaction”. This shoe, with its sleek design and innovative cushioning, became an instant hit, particularly among the youth. The success of the Dynaction laid the foundation for Skechers’ meteoric rise in the fashion footwear industry.

**Skechers’ Current Net Worth (as of 2025)**

As of 2025, Skechers’ current net worth is approximately $5.2 billion. This figure reflects the company’s consistent growth and strong market presence in the athletic footwear industry.

**Skechers’ Career**

Founded in 1992 by Robert and Michael Greenberg, Skechers started as a small footwear company. Today, it’s a global leader, known for its comfort-focused designs and celebrity-endorsed campaigns. The company’s success can be attributed to its innovative products and strategic marketing efforts.

**Skechers’ Other Ventures**

Beyond footwear, Skechers has diversified into apparel and accessories. In 2018, they launched Skechers Performance Division, focusing on athletic and high-performance footwear. They’ve also expanded into children’s footwear and introduced a line of shoes designed for people with diabetes.

**Skechers’ Assets**

Skechers’ primary assets include its extensive global distribution network, strong brand recognition, and a robust intellectual property portfolio. As of 2021, the company operates in over 170 countries and has more than 3,000 retail stores worldwide.

**Skechers’ Annual Income**

In 2021, Skechers reported a total annual income of $5.87 billion. This figure represents a steady increase from the previous year, demonstrating the company’s resilience and growth potential.

Frequently Asked Questions about  Skechers

Frequently Asked Questions: Skechers Net Worth

1. What is Skechers’ net worth?

Skechers’ net worth is estimated to be around $6 billion.

2. When was Skechers founded?

Skechers was founded in 1992 by Robert Greenberg.

3. Who is the CEO of Skechers?

Robert Greenberg is the CEO and co-founder of Skechers.

4. Where is Skechers headquarters located?

Skechers’ headquarters is located in Manhattan Beach, California.

5. What are some of Skechers’ most popular shoe lines?

Some of Skechers’ most popular shoe lines include Skechers GOwalk, Skechers D’Lites, and Skechers Arch Fit.

6. Does Skechers sponsor any athletes or sports teams?

Yes, Skechers sponsors several athletes and sports teams, including the Los Angeles Lakers and the Los Angeles Dodgers.

7. What is the Skechers Foundation and what does it do?

The Skechers Foundation is a non-profit organization founded by the Greenberg family that focuses on providing education and healthcare to children in need.

8. How many Skechers stores are there worldwide?

As of 2021, there are over 3,000 Skechers stores worldwide.

9. What is the Skechers Performance division focused on?

The Skechers Performance division focuses on creating footwear and apparel for athletes and fitness enthusiasts.

10. How has the COVID-19 pandemic affected Skechers?

The COVID-19 pandemic has had a significant impact on Skechers, with store closures and a shift to online sales leading to a decrease in revenue in 2020. However, the company has since seen a rebound in sales as stores have reopened and consumers have returned to physical retail locations.