Leonard Riggio Net Worth (Updated 2026).
Leonard Riggio, a name synonymous with the retail book industry, began his professional journey in the late 1960s. Born and raised in New York, Riggio’s passion for books was ignited at an early age, leading him to pursue a degree in English Literature at Fordham University. After graduating, he took on various roles in the publishing and bookstore sectors, gaining valuable insights into the industry.
In 1971, Riggio took a leap of faith and founded Barnes & Noble, a small bookstore in New York City. With a keen eye for opportunity and a strong commitment to customer service, he expanded the business, introducing the concept of superstores that offered a vast selection of books under one roof. This innovative approach to retailing resonated with customers, and by the late 1980s, Barnes & Noble had become a household name, solidifying Riggio’s status as a prominent figure in the book industry.
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Leonard Riggio’s Current Net Worth
As of 2025, Leonard Riggio’s current net worth is estimated to be around $2.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful career in the retail industry, particularly his role as the founder and former CEO of Barnes & Noble.
Career
Leonard Riggio, born in 1939, is an American businessman known for his instrumental role in the growth and expansion of Barnes & Noble. He co-founded the company in 1965 and served as its CEO from 1971 to 2002. Under his leadership, Barnes & Noble grew from a single store to a nationwide bookselling chain, becoming a major player in the book retail industry.
Other Ventures
While Riggio’s work at Barnes & Noble has been his most significant venture, he has also been involved in other business endeavors. In 2009, he founded a new bookstore chain called Books-A-Million, serving as its chairman until 2019. Additionally, he has invested in various real estate projects and has been involved in philanthropic activities, including supporting educational initiatives.
Assets
Leonard Riggio’s assets are predominantly held in Barnes & Noble stock, which he owned a significant portion of until his retirement. He also owns several properties, including a luxurious apartment in New York City and a sprawling estate in Connecticut. His art collection, which includes works by renowned artists like Andy Warhol and Roy Lichtenstein, is another notable part of his assets.
Annual Income
While Leonard Riggio’s annual income can vary, it is estimated that he has earned hundreds of millions of dollars over his career. In 2001, at the height of Barnes & Noble’s success, Riggio’s compensation package was valued at over $10 million. However, his income has likely been more modest since his retirement from the company in 2002. His current annual income is not publicly disclosed.
Frequently Asked Questions about Leonard Riggio
**Frequently Asked Questions: Leonard Riggio Net Worth**
1. What is Leonard Riggio’s net worth?
Leonard Riggio’s net worth is estimated to be around $3.5 billion.
2. How did Leonard Riggio make his fortune?
Leonard Riggio made his fortune by founding and building Barnes & Noble, the world’s largest bookseller.
3. When was Barnes & Noble founded?
Barnes & Noble was founded in 1965 by Leonard Riggio and his wife, Gay.
4. How did Leonard Riggio grow Barnes & Noble?
Riggio grew Barnes & Noble through a series of strategic acquisitions and expansions, turning it into a national chain with hundreds of stores.
5. Did Leonard Riggio always want to be in the book business?
Yes, Riggio has said that he has loved books since he was a child and always wanted to be in the book business.
6. What is Leonard Riggio’s role at Barnes & Noble today?
Riggio is the Chairman of Barnes & Noble, Inc.
7. What other businesses is Leonard Riggio involved in?
In addition to Barnes & Noble, Riggio is also involved in the real estate business through his company, R.R. Donnelley & Sons Company.
8. How does Leonard Riggio give back to the community?
Riggio and his wife have established the Riggio Family Foundation, which supports various charitable causes, including education and the arts.
9. What is Leonard Riggio’s educational background?
Riggio graduated from the City College of New York with a degree in accounting.
10. What is Leonard Riggio’s age?
Leonard Riggio was born on January 22, 1940, making him 83 years old.
