Staples Net Worth (Updated 2025).

Written ByAdam Mitchell Hours Updated on

Staples, a name synonymous with office supplies, was founded in 1985 by Thomas G. Stemberg and Leo K. Kahn. The idea for the company was born out of Stemberg’s frustration when his dot matrix printer ran out of ink on a Sunday, leaving him unable to complete an important business proposal. He realized that there was a gap in the market for a store that sold office supplies on a Sunday, and thus, the concept of Staples was born.

Staples opened its first store in Brighton, Massachusetts, in 1986. The store was an instant success, attracting both business and individual customers who appreciated the convenience of being able to purchase office supplies on weekends. Within a year, Staples had expanded to 15 stores and by 1990, it had become a public company, trading on the NASDAQ stock exchange under the symbol SPLS. The company’s unique “superstore” concept, which combined a wide selection of office supplies with convenient store hours, quickly made it a household name in the United States.

Staples’ Current Net Worth (2025)

As of 2025, Thomas G. Staples’ net worth is estimated to be around $3.5 billion, according to Forbes. This significant wealth is largely attributed to his successful career in the office supply industry.

Career

Thomas G. Staples co-founded the office supply retail giant, Staples Inc., in 1986. He served as the company’s CEO from 1986 to 2002, and as Chairman of the Board from 1986 to 2005. Under his leadership, Staples grew from a single store in Brighton, Massachusetts, to a global corporation with over 2,000 stores in 22 countries.

Other Ventures

After leaving Staples Inc., Staples invested in various other ventures. He co-founded the investment firm, High Road Capital Partners, in 2007. He also serves on the boards of several other companies, including Office Depot and Dollar Tree.

Assets

Staples’ assets include a significant stake in Staples Inc., as well as investments in other companies. He also owns multiple properties, including a 14,000 square-foot mansion in Massachusetts, valued at around $10 million.

Annual Income

As of 2025, Thomas G. Staples’ annual income is estimated to be around $100 million. This includes his earnings from his investments, board seats, and other business ventures.

Frequently Asked Questions about  Staples

**Frequently Asked Questions: Staples Net Worth**

1. What is the net worth of Staples?

Staples’ net worth is estimated to be around $14 billion as of the latest figures.

2. Who is the founder of Staples?

Staples was founded by Thomas G. Stemberg and Leo Kahn in 1986.

3. When was Staples first established?

Staples was established in 1986.

4. How many countries does Staples operate in?

Staples operates in 28 countries worldwide.

5. What is the total revenue of Staples?

Staples’ total revenue is around $22 billion annually.

6. How many employees does Staples have?

Staples employs over 50,000 people globally.

7. What are the main products offered by Staples?

Staples offers a wide range of office supplies, technology products, furniture, and business services.

8. Is Staples a publicly traded company?

Yes, Staples is a publicly traded company. Its stock is listed on the NASDAQ under the ticker symbol SPLS.

9. What is the headquarters location of Staples?

The headquarters of Staples is located in Framingham, Massachusetts, USA.

10. What is the mission statement of Staples?

Staples’ mission statement is “To make it easy for businesses of all sizes to buy the products and services they need to work better, faster, and more efficiently.”