Party City, a name synonymous with celebration and festivity, was founded in 1986 by Steve Mandell. The journey began with a single store in New York, specializing in party supplies. Mandell’s vision was to create a one-stop-shop for all party needs, making celebrations easier and more enjoyable for customers.

The company’s fame started to grow rapidly in the late 1990s and early 2000s, as it expanded its reach across the United States. Party City’s unique selling proposition was its vast array of products, ranging from costumes and decorations to tableware and balloons, all under one roof. This convenience, coupled with competitive pricing, quickly made it a household name.

Party City’s Net Worth in 2025

According to the latest available information, Party City’s net worth in 2025 is estimated to be around $2.5 billion.

Career

Founded in 1986, Party City has grown from a single store in New York to a leading party goods retailer with over 900 locations across the U.S. and Canada. They offer a wide range of products for various celebrations and events.

Other Ventures

In addition to their retail stores, Party City also operates an e-commerce platform, PartyCity.com, which allows customers to shop online. They have also expanded into the wholesale market, supplying products to other retailers.

Assets

Party City’s assets include their extensive retail store network, e-commerce platform, and distribution centers. Their inventory consists of a vast assortment of party supplies, costumes, and accessories. The company also owns several trademarks and patents for their exclusive products.

Annual Income

In the fiscal year 2021, Party City’s total revenue was $1.8 billion. The company has shown steady growth over the years, with their annual income increasing by an average of 5% each year.

Frequently Asked Questions about  Party City

1. What is Party City’s net worth?

Party City’s net worth is estimated to be around $2.5 billion.

2. How many stores does Party City have?

As of 2021, Party City operates over 850 retail locations across the United States and Canada.

3. When was Party City founded?

Party City was founded in 1986 by Steve Mandell and Harry Grossman.

4. Who is the current CEO of Party City?

Brad Weston is the current CEO of Party City, having taken on the role in 2018.

5. What are the main products sold by Party City?

Party City specializes in party supplies, including costumes, decorations, balloons, and party favors. They also offer party planning services and rentals.

6. Does Party City offer online shopping?

Yes, Party City has an e-commerce platform where customers can shop for party supplies online and have them delivered to their doorstep.

7. How does Party City celebrate Halloween?

Party City is known for its extensive Halloween offerings. They stock a wide range of costumes, decorations, and accessories for both adults and children. They also host in-store events and trunk-or-treat activities during the Halloween season.

8. Does Party City offer party planning services?

Yes, Party City offers party planning services both in-store and online. They provide themes, decorations, and other supplies to help customers plan their parties.

9. Are Party City stores open on holidays?

Party City stores typically have extended hours during major holidays like Halloween and Christmas, but their hours may vary on other holidays. It’s best to check with your local store for specific holiday hours.

10. Does Party City have a rewards program?

Yes, Party City offers a rewards program called “Party City Rewards”. Members earn points with every purchase and can redeem them for future discounts.