He grew the business to over 1,200 stores worldwide before selling it to FedEx in 2004 for $2.4 billion. Since then, Orfalea has become a philanthropist, donating to various causes and organizations.
Paul Orfalea is an American entrepreneur and public speaker who has a net worth of $250 million. He was born in Los Angeles, California in 1947 and founded Kinko's in 1970 near the University of California at Santa Barbara. His business grew to over 1,200 stores worldwide before he sold it to FedEx in 2004 for $2.4 billion. Since then, Orfalea has become a philanthropist, donating to various causes and organizations.
Paul Orfalea is a member of CEOs
💰Paul Orfalea Net worth: $250 Million
The name 'Kinko's' was coined from Orfalea's nickname of Kinko (due to his curly red hair). The space Orfalea rented for his copy business was tiny, but Kinko's grew to be the world's leading business services chain with over 1100 Kinko's worldwide. Much of Kinko's success can be traced directly to Orfalea's unique business philosophy based on the founder's freethinking, creative style. Orfalea's theories and instincts on how to operate a successful business were grounded in his passion for retailing, his insistence on taking care of his co-workers and customers, and a sharp eye for opportunity.
Through Paul Orfalea's leadership, Kinko's has taken an exemplary leading role in environmental responsibility. Orfalea is no longer involved with Kinko's. He now devotes much of his time to new business ventures. One of those ventures is the formation of the Orfalea Family Foundation, which supports various philanthropic efforts, but specifically spotlights early care and education at children's centers, caregiver training and intergenerational programs. Orfalea is in great demand for public speaking, often addressing business organizations, especially entrepreneurs and working women, with his inspirational messages. In 2000, People Magazine profiled Orfalea as one of several prominent leaders who has overcome dyslexia and gone on to have illustrious careers.