Howard Levine, born and raised in Miami, Florida, began his career in the retail industry at an early age. After graduating from the University of Florida with a degree in Business Administration, Levine started working at his family’s business, a small sporting goods store called “Rusty’s Sports World.” His passion for sports and natural entrepreneurial spirit led him to take on increasing responsibilities within the company.

In the late 1980s, Levine saw an opportunity to expand the family business. He proposed the idea of transforming Rusty’s Sports World into a larger, more diverse retail store. With the support of his family, Levine opened the first Sports Authority store in 1987, marking the beginning of his journey to fame in the retail world.

Howard Levine’s Current Net Worth

As of 2025, Howard Levine’s estimated net worth is $1.2 billion, primarily accumulated through his retail business career.

Career

Howard Levine co-founded and served as CEO of the retail chain, hhgregg, from 1989 until its bankruptcy in 2017. Prior to that, he worked at his family’s appliance store, Levine’s TV & Appliance.

Other Ventures

After hhgregg’s closure, Levine launched a new appliance and electronics retailer, called “Yourway,” in 2018. He also serves on the board of directors for various companies.

Assets

Levine’s assets include stakes in several businesses, real estate investments, and a notable art collection. His primary residence is a 14,000 sq. ft. estate in Indianapolis, Indiana.

Annual Income

Levine’s annual income varies significantly, depending on the performance of his businesses and investments. In recent years, his income has ranged between $50 million to $100 million.

Frequently Asked Questions about  Howard Levine

Frequently Asked Questions: Howard Levine Net Worth

1. What is Howard Levine’s net worth?

Howard Levine’s net worth is estimated to be around $1.5 billion.

2. How did Howard Levine make his fortune?

Howard Levine is the former CEO and chairman of the retail company, hhgregg. He built and grew the company over several decades, eventually leading to its public listing in 2007.

3. What is the primary source of Howard Levine’s wealth?

The primary source of Howard Levine’s wealth is his stake in hhgregg, the electronics and appliance retailer he founded and led.

4. What other businesses is Howard Levine involved in?

After leaving hhgregg, Levine has been involved in various other businesses and investments. He has also been an active philanthropist, supporting numerous charitable causes.

5. How much was hhgregg worth at its peak?

At its peak, hhgregg was worth over $1 billion, with Howard Levine owning a significant stake in the company.

6. What happened to hhgregg?

hhgregg filed for bankruptcy in 2017, leading to the closure of all its stores. The company struggled to compete with online retailers and other big-box stores.

7. How much of hhgregg did Howard Levine own?

At the time of hhgregg’s IPO in 2007, Howard Levine owned approximately 30% of the company’s shares.

8. What is Howard Levine’s role in the community?

Howard Levine has been actively involved in various philanthropic efforts, supporting causes such as education, healthcare, and community development. He has also served on several non-profit boards.

9. What is Howard Levine’s educational background?

Howard Levine graduated from Indiana University’s Kelley School of Business with a degree in accounting.

10. Where does Howard Levine live?

Howard Levine resides in Indianapolis, Indiana.