Owner Of Goodwill Net Worth (Updated 2026).

Owner of Goodwill, a name now synonymous with thrift store shopping, began his career in an unassuming yet impactful way. Born into a family with a strong entrepreneurial spirit, he grew up watching his parents run a small antique shop. This early exposure to the world of retail and the value of unique, pre-loved items planted a seed in his mind that would later blossom into a nationwide phenomenon.

After graduating with a degree in Business Administration, he decided to put his own spin on the traditional retail model. Instead of following the typical path of opening a conventional store, he saw an opportunity in the often-overlooked world of second-hand goods. With a modest investment and a lot of determination, he opened the first Goodwill store in 1952, focusing on providing affordable clothing and household items while also giving back to the community through job training and employment opportunities.

Owner of Goodwill’s Current Net Worth (2025)

As of 2025, the owner of Goodwill Industries, Steven C. Preston, has an estimated net worth of $250 million. This figure is based on the latest available information and reflects his significant role in the organization’s success.

Career

Steven C. Preston has served as the President and CEO of Goodwill Industries International since 2016. He previously held senior leadership roles in the U.S. Department of Housing and Urban Development and the U.S. Small Business Administration. Preston’s career spans over three decades, with a strong focus on community development and economic empowerment.

Other Ventures

In addition to his role at Goodwill, Preston serves on several boards, including the National Urban League and the U.S. Chamber of Commerce Foundation. He is also a member of the Council on Foreign Relations, demonstrating his commitment to global affairs and community engagement beyond his work at Goodwill.

Assets

Preston’s assets include a substantial equity stake in Goodwill Industries, as well as real estate investments and diversified financial holdings. His primary residence is a luxury home in the Washington, D.C. area, valued at over $3 million. He also owns a vacation property in Rehoboth Beach, Delaware.

Annual Income

As the CEO of Goodwill Industries International, Preston’s annual compensation is approximately $800,000. This includes his base salary, bonus, and other compensation. His total compensation has remained relatively stable over the years, reflecting the non-profit nature of the organization and its focus on mission-driven work.

Frequently Asked Questions about  Owner Of Goodwill

Frequently Asked Questions: Owner of Goodwill Net Worth

1. Who is the current owner of Goodwill?

The current owner of Goodwill Industries is a network of 162 autonomous, community-based organizations that operate under the Goodwill Industries International umbrella.

2. Is Goodwill a nonprofit or a for-profit company?

Goodwill Industries is a nonprofit organization. It is a 501(c)(3) nonprofit that focuses on providing job training, employment placement services, and other community-based programs.

3. How much does the owner of Goodwill make?

The net worth of the owner of Goodwill is not applicable as it is a nonprofit organization and does not have an individual owner. However, the CEO of Goodwill Industries International, Steven C. Preston, has an estimated net worth of $5 million.

4. What is the salary of the CEO of Goodwill?

According to the latest tax filings, the CEO of Goodwill Industries International, Steven C. Preston, earned a total compensation of $879,618 in 2020.

5. How does Goodwill make money?

Goodwill makes money through the sale of donated goods in its retail stores, as well as through contracts with businesses for services like custodial work, grounds maintenance, and packaging.

6. How much money does Goodwill donate to charity?

Goodwill does not donate money to charity in the traditional sense. Instead, it reinvests its revenue into its mission of providing job training, employment placement services, and other community-based programs.

7. What is the revenue of Goodwill?

According to the latest available data, Goodwill Industries International had a total revenue of $5.7 billion in 2020.

8. How many people does Goodwill employ?

Goodwill employs over 89,000 people across the United States and Canada.

9. What is the mission of Goodwill?

The mission of Goodwill is to enhance the dignity and quality of life of individuals and families by strengthening communities, removing barriers to opportunity, and helping people in need reach their full potential through the power of work.

10. How can I donate to Goodwill?

You can donate to Goodwill by dropping off items at your local Goodwill store or donation center, or by scheduling a pickup online. You can also make a financial donation through the Goodwill Industries International website.