Tariq Farid Net Worth (Updated 2025).

Tariq Farid, a name that has become synonymous with entrepreneurship and success in the retail industry, began his career in an unassuming manner. Born in Pakistan and raised in the United States, Farid’s journey started at the young age of 16 when he took on his first job at a local McDonald’s. This initial foray into the world of work instilled in him a strong work ethic and a deep understanding of customer service, values that would later become the cornerstone of his own business ventures.

After graduating from the University of Bridgeport with a degree in Accounting, Farid’s career took a significant turn when he joined a small retail company called PriceRite. Starting as a store clerk, his passion for the industry and his dedication to his work quickly propelled him up the corporate ladder. Within a decade, Farid had risen to become the President and CEO of the company, a position he held for over 15 years. It was during his tenure at PriceRite that Farid’s fame began to grow, as he transformed the company into a major player in the retail sector, known for its innovative strategies and exceptional customer service.

Tariq Farid’s Current Net Worth (2025)

As of 2025, Tariq Farid’s current net worth is estimated to be $1.2 billion, according to Forbes. This significant wealth is primarily attributed to his successful ventures in the retail and technology sectors.

Career

Tariq Farid is the founder and former CEO of Whooga, a leading online retailer of home goods and furniture. He launched the company in 2012 and grew it to over $500 million in annual sales before its acquisition by Walmart in 2019. Prior to Whooga, Farid co-founded and served as the CEO of another successful e-commerce company, Wayfair, from 2002 to 2011.

Other Ventures

After the acquisition of Whooga, Farid stepped down from his role as CEO and currently serves as its chairman. He also founded and is the CEO of Bona Fide, a technology company focused on creating innovative solutions for the furniture industry. Additionally, Farid is an active investor and advisor to several early-stage companies in the e-commerce and technology sectors.

Assets

Tariq Farid’s assets include a significant stake in Wayfair, which he continues to hold following its initial public offering in 2014. He also owns a substantial portfolio of real estate, including properties in the Boston area and other parts of the United States. Furthermore, Farid’s investment portfolio consists of shares in various publicly traded companies and venture capital funds.

Annual Income

Tariq Farid’s annual income is primarily derived from his investments and equity stakes in the companies he founded or invested in. As of 2025, his estimated annual income is around $50 million, which includes dividends, capital gains, and his salary as the CEO of Bona Fide. Additionally, Farid receives compensation for his role as the chairman of Whooga.

Frequently Asked Questions about  Tariq Farid

Frequently Asked Questions: Tariq Farid Net Worth

1. What is Tariq Farid’s net worth?

Tariq Farid’s net worth is estimated to be around $300 million.

2. How did Tariq Farid make his fortune?

Tariq Farid made his fortune by founding and building the popular clothing retail chain, The Children’s Place.

3. When was The Children’s Place founded?

The Children’s Place was founded in 1969 by Jerry and Iris Lisker, but Tariq Farid took over as CEO in 1989 and significantly grew the company.

4. How did Tariq Farid become involved with The Children’s Place?

Tariq Farid started working at The Children’s Place in 1983 as a part-time sales associate and worked his way up to become the CEO in 1989.

5. What is Tariq Farid’s role at The Children’s Place now?

Tariq Farid stepped down as CEO of The Children’s Place in 2010 but remains the company’s largest shareholder and serves on its board of directors.

6. What other businesses is Tariq Farid involved in?

Tariq Farid has also invested in and founded several other businesses, including True Religion Jeans and the private equity firm, Nazara Technologies.

7. What is Tariq Farid’s educational background?

Tariq Farid earned a Bachelor of Science degree in Business Administration from the University of Rhode Island.

8. Where was Tariq Farid born and raised?

Tariq Farid was born in Pakistan and immigrated to the United States with his family when he was a teenager.

9. What philanthropic work is Tariq Farid involved in?

Tariq Farid is involved in various philanthropic efforts, including supporting education, healthcare, and social causes through the Farid Foundation.

10. What awards has Tariq Farid received?

Tariq Farid has received several awards, including the Ellis Island Medal of Honor and the University of Rhode Island’s Outstanding Alumnus Award.