Name Devon Rifkin | Role Entrepreneur | |
#8: How This Dad Worked For The Wolf Of Wall Street (+ raising a teenage daughter) w/Devon Rifkin
Devon Rifkin is an American entrepreneur who was awarded Entrepreneur Magazine's Entrepreneur of the Year Award in 2008. He is founder and former CEO of The Great American Hanger Company (aka Hangers.com).
Contents
Education
Rifkin is a graduate of Palmetto High School in Miami, Florida. He did not go to college.
The Great American Hanger Company
In 2000, Rifkin started The Great American Hanger Company in his studio apartment. He travelled to Asia to learn all he could about clothes hangers and with his apartment as collateral borrowed $30,000 to purchase a container of 100,000 garment hangers. In 2001 he acquired the domain name Hangers.com for $10,000. The company subsequently marketed and sold more than $70,000,000 dollars of hangers to more than 150,000 unique accounts thru online and print channels. The company transformed mundane clothes hangers and turned them into appealing must haves for retailers, residences, hotels, cruise lines and celebrities. Customers included Ralph Lauren, DKNY, New York Yankees, J. Lo, California Closets, Hilton Hotels, Oprah Winfrey, Sasha & Malia Obama and Michael Jordan. Rifkin built the business until 2012 when it was acquired by International Hanger based in Austin, TX and Hong Kong, China).
Personal life
Devon is a resident of Atlanta, Georgia where he lives with his wife and their three children.
National awards
As the founder and CEO of The Great American Hanger Company, Rifkin, was awarded Entrepreneur Magazine’s Entrepreneur of the Year Award and appeared on the cover of the December 2008 issue. The award reception was held in Irvine, California and was co-presented by Entrepreneur Magazine and UPS to Devon Rifkin founder of The Great American Hanger Company (aka Hangers.com). The award was the inaugural Entrepreneur Magazine Entrepreneur of the Year Award. Rifkin was selected from 20,000 + applicants.
Features and recognition
Entrepreneur Young Millionaires Award.
CNN Sourcing globally
Discovery Channel's 7 surprising American Millionaires