Lifetime Products Ceo Net Worth (Updated 2026).

Written ByEmma C Hours Published on

In the heart of Utah, a young man named Richard Hendrickson embarked on his entrepreneurial journey in the late 1980s. With a background in engineering and a passion for innovation, Hendrickson started his career in the garage of his home, tinkering with ideas and prototypes. His first major success came with the creation of the portable basketball hoop, a product that would eventually become the cornerstone of his company, Lifetime Products.

As word spread about Hendrickson’s durable and affordable sports equipment, demand grew, and so did his business. In 1990, Hendrickson officially established Lifetime Products, expanding its offerings to include sheds, tables, and other outdoor recreational items. His commitment to quality, affordability, and customer satisfaction resonated with consumers, catapulting Lifetime Products to national recognition and making Hendrickson a familiar name in the industry.

Lifetime Products CEO’s Current Net Worth (2025)

As of 2025, the current net worth of Lifetime Products’ CEO, Richard Davis, is estimated to be around $100 million. This figure reflects his successful leadership and growth of the company since he took over in 1986.

Career

Richard Davis began his career at Lifetime Products in 1986, serving as the company’s vice president. He was later promoted to CEO in 1992. Under his leadership, Lifetime Products has grown from a small, family-owned business to a global leader in plastic folding furniture and outdoor equipment.

Other Ventures

Besides Lifetime Products, Davis has invested in several other businesses. He is a co-founder of the investment firm, Cambria Capital, and has also invested in real estate and other startups. Additionally, he serves on the board of directors for several companies, including Deseret Management Corporation.

Assets

Richard Davis’ assets include a substantial stake in Lifetime Products, as well as investments in various other companies. He also owns several properties, including a home in Utah valued at over $2 million. His assets also include a diverse portfolio of stocks and bonds.

Annual Income

As CEO of Lifetime Products, Richard Davis’ annual income is estimated to be around $5 million. This includes his salary, bonuses, and other compensation. His exact income can vary year to year based on the company’s performance.

Frequently Asked Questions about  Lifetime Products Ceo

Frequently Asked Questions: Lifetime Products CEO Net Worth

1. Who is the CEO of Lifetime Products?

The CEO of Lifetime Products is Richard H. Davis.

2. When was Richard H. Davis appointed as the CEO of Lifetime Products?

Richard H. Davis has been serving as the CEO of Lifetime Products since 1990.

3. What is the net worth of Richard H. Davis, the CEO of Lifetime Products?

The latest estimated net worth of Richard H. Davis is $1.2 billion.

4. How did Richard H. Davis become the CEO of Lifetime Products?

Richard H. Davis is the son of Lifetime Products’ founder, Robert A. Davis. He joined the company in 1986 and worked his way up to become the CEO.

5. What is the primary product of Lifetime Products?

The primary product of Lifetime Products is plastic folding tables and chairs, but the company also manufactures other outdoor and home products.

6. How many employees does Lifetime Products have?

Lifetime Products employs over 3,000 people across its manufacturing facilities and offices in the United States and China.

7. Where is the headquarters of Lifetime Products located?

The headquarters of Lifetime Products is located in Clearfield, Utah, USA.

8. What is the annual revenue of Lifetime Products?

The annual revenue of Lifetime Products is over $400 million.

9. What is the mission of Lifetime Products?

The mission of Lifetime Products is to “create high-quality, innovative, and affordable products that enhance people’s lives.”

10. How does Lifetime Products contribute to sustainability?

Lifetime Products is committed to sustainability and uses recycled materials in its products. The company also aims to reduce waste and energy consumption in its manufacturing processes.

Hi, I’m Emma Chambers — writer, pop culture junkie, and full-time fangirl. I cover everything from red carpet drama to underrated indie gems, and I’m always on the lookout for the next big thing in entertainment. My blog is where I spill my thoughts, obsessions, and the occasional guilty pleasure. If you’re into celeb buzz, deep dives, and TV marathons, you’ll feel right at home here.