New Balance, a name synonymous with athletic footwear, traces its origins back to 1906 when it was founded by William J. Riley in Boston, Massachusetts. Riley, a British immigrant, started his career by crafting arch supports in his home, a venture that would eventually evolve into the global brand we know today. His first product, the ” Arch Support,” was designed to provide relief to those suffering from foot pain, marking the beginning of New Balance’s commitment to comfort and support.

The company’s breakthrough into the athletic footwear industry came in the 1960s when it introduced the iconic “Trackster” shoe. This model was the first running shoe to feature a ripple sole, a design that offered superior flexibility and traction. The Trackster’s success on the track led to its widespread adoption among runners and athletes, catapulting New Balance to fame. By the 1970s, New Balance had become a household name, known for its innovative designs and commitment to quality, setting the stage for its continued growth and success in the years to come.

New Balance’s Current Net Worth (2025)

As of 2025, New Balance’s current net worth is estimated to be around $5 billion. This figure reflects the company’s strong global presence and consistent growth in the athletic footwear and apparel market.

Career

New Balance was founded in 1906 by William J. Riley, initially focusing on arch supports. In the 1960s, the company shifted its focus to athletic footwear, introducing the iconic “Trackster” shoe. Today, New Balance is a leading global athletic footwear and apparel manufacturer, known for its “Made in USA” products and wide range of widths and sizes.

Other Ventures

New Balance has expanded its product offerings beyond footwear and apparel. They have a line of accessories, including bags, watches, and sunglasses. Additionally, they’ve ventured into licensing agreements, partnering with brands like Woolrich and Pendleton for collaborative collections.

Assets

New Balance’s assets include numerous manufacturing facilities worldwide, with a significant presence in the United States. They also own several distribution centers and retail stores. Their intellectual property assets, including trademarks and patents, are extensive and crucial to their brand’s success.

Annual Income

New Balance’s annual revenue has been consistently growing. In 2020, despite the challenges posed by the COVID-19 pandemic, the company reported a revenue of $4.3 billion. This figure demonstrates the company’s resilience and adaptability in the market.

Frequently Asked Questions about  New Balance

Frequently Asked Questions: New Balance Net Worth

1. What is New Balance’s net worth?

New Balance’s net worth is estimated to be around $5 billion.

2. When was New Balance founded?

New Balance was founded in 1906 by William J. Riley.

3. Where is New Balance headquartered?

New Balance is headquartered in Boston, Massachusetts, USA.

4. Who is the CEO of New Balance?

Joe Preston is the current CEO of New Balance.

5. What are some of New Balance’s most popular products?

New Balance is known for its athletic footwear, with popular models including the 990, 992, and 574. They also produce athletic apparel and accessories.

6. Is New Balance a public or private company?

New Balance is a privately held company.

7. How many employees does New Balance have?

New Balance employs over 5,000 people worldwide.

8. In which countries does New Balance operate?

New Balance operates in over 120 countries around the world.

9. What is New Balance’s annual revenue?

New Balance’s annual revenue is estimated to be around $4 billion.

10. What is New Balance’s mission statement?

New Balance’s mission statement is “To foster healthy lifestyles and support communities through athletic footwear and apparel.”