Chip Wilson is a businessman, philanthropist and the founder of many retail apparel companies including Lululemon Athletica Incorporated (LULU: NASDAQ). Wilson was CEO of Lululemon until 2005, when he sold a 48% stake to two private equity firms: Advent International and Highland Capital Partners. Lululemon went public in 2007. Wilson resigned as Chairman in 2013 and removed himself from the business entirely in 2015. However, he is still Lululemon’s largest individual shareholder with an 8% stake in the company. Wilson, his wife and five sons now operate a holding company called Hold It All, which invests in apparel, real estate and private equity. Forbes puts Chip Wilson’s net worth at $7.05 billion CAN ($5.6 billion US).
When Chip Wilson decided to make Yoga specific apparel, all he had was the confidence to overcome failure, and today he is worth $2.2 billion. Lululemon the brainchild of Wilson not only what earned him his billions, it is also where he met his wife, Shannon Wilson, who he hired as one of the original designers of Lululemon.
Early life
Born in 1956 Chip Wilson received his degree in economics from the University of Calgary. In 1979, California born Canadian surfer Dennis J. “Chip” Wilson started an outwear company called Westbeach Snowboard Ltd. which focused on apparel custom made for the snow, skate and surf boarding market. He sold the company after 2 decades in 1997 after having served as its CEO from 1980 to 1995, Head of design and production from 1995 to 1997.
Chip Wilson Net Worth and Biography Chip Wilson Net Worth and Biography Chip Wilson related information in hindi Chip Wilson in hindi Chip Wilson related information in hindi Chip Wilson in hindi
