| CEO Name | Joe Preston |
| Nationality | United States |
| Net Worth Estimation | $25 million |
Joe Preston's estimated net worth of around $25 million is primarily attributed to his long tenure and executive roles at New Balance, where he has served as CEO since 2018, alongside compensation from performance-based incentives and company growth. Industry data and executive salary reports support these valuations for footwear and apparel sector leaders.
Joe Preston, CEO of New Balance, has an estimated net worth of $25,000,000, which is approximately 0.28% of the maximum CEO net worth ($9,000,000,000) in the Apparel industry. His net worth is 25 times higher than the minimum CEO net worth estimated for this business category.
Business Category: Apparel
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 9000000000 USD
Joe Preston Performance in New Balance
Joe Preston, CEO of New Balance, demonstrates strategic leadership by driving innovation and global expansion. His data-driven decision-making enhances operational efficiency and strengthens brand positioning in competitive markets. Under his tenure, New Balance has achieved significant revenue growth and improved market share, solidifying its status as a leading athletic footwear brand.
Latest News
**New Balance Opens Expanded Central Maine Factory, Strengthening Its Commitment to U.S. Manufacturing**
New Balance celebrated the opening of its newly expanded $65 million Skowhegan, Maine, factory in September 2025, reinforcing its dedication to American craftsmanship and U.S. employment with 400+ workers now under one roof. CEO Joe Preston emphasized the company's strategy to "think global, act local," blending innovation with community focus to maintain quality and responsiveness in manufacturing.
Source: http://newbalance.newsmarket.com/latest-news/new-balance-opens-expanded-central-maine-factory--strengthening-its----commitment-to-u.s.-manufactur/s/6bfe1c00-d47e-473a-980c-019e19617a14