Few people on the planet have found success that can approach the level of achievement earned by Bill Farley. Raised by working class, deeply devoted, and loving parents in Pawtucket, RI, Bill became acquainted with the virtues of hard work and discipline at a young age. His mother worked in a factory, and his father was a postal worker who moonlighted as a musician. As a youngster, Bill worked a variety of jobs to assist the family. He also distinguished himself academically enough to earn admission to the prestigious Bowdoin College of Maine, and later, a law degree from Boston College.
His first foray into the business world was selling encyclopedias door-to-door. After finding great success as a salesman, and later as a national trainer, Bill moved into the world of finance and investment banking with positions at NL Industries in New York City, and Lehman Brothers in Chicago.
Helping his investment clients succeed built a strong desire to make it himself as an entrepreneur. Bill bought his first company, Anaheim Citrus Products, in 1976 for a personal investment of $50,000. Later, he sold it for over $10 million. This was the first of many successes to come. After acquiring Fruit of the Loom in early 80’s, Bill served as majority shareholder, President and CEO for 15 years. At one point, Fruit of the Loom’s parent, Farley Enterprises (a family holding company) employed over 65,000 people worldwide with annual revenues near $5 billion.
Bill has owned companies in diverse industries, from apparel, to mining, to railroads, to nutrition and direct sales. His love of competition has been felt in the world of sports as well, as he became part owner of the Chicago White Sox in 1976.
Bill has never shied away from risk when the right opportunity presented itself. “A willingness to take risk is probably a major reason for my success today. Many people could be as successful as I am, or more so, but for whatever reason they are unable to move beyond their fears.”
In 1986, Bill received the Horatio Alger Award, and was inducted in the illustrious Horatio Alger Association of Distinguished Americans. Bill says his Horatio Alger Award “shows that anyone can pull himself up by the bootstraps. Working hard and seizing opportunities that come your way are the keys to making positive things happen.” He is also a recipient of the White House Award for Entrepreneurial Excellence.
As a natural byproduct of his business success over the years, Bill has developed an extensive international network. He is a trusted friend and advisor to CEOs, celebrities, athletes, politicians, and leaders around the world. Yet, Bill is often found mentoring people of little or no fame, who possess a strong desire to learn. His philanthropy in the field of education has blessed the lives of thousands.
Today, Bill’s legacy is a beacon to anyone with a desire for success as an entrepreneur. As a self-made success with a desire to give back and help others looking to do the same, much of Bill’s time is now spent assisting others in pursuit of their own dreams.
