The business is currently working with almost 300 charity shops, enabling them to sell premium preloved fashion online. And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. Home - Company - Gymshark Net Worth, Ben Francis Net Worth (Updated). Paul Richardsons net worth is a mystery to many. 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He has a net worth of more than 700 million. In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. Hera aims to grow into a 100 million label over the next three to five years. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. Now we are well in to the 300 plus million dollars, 250, 260 million last year [2019/20]. He added: "It was definitely the right decision. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.'. Using his mum's Hobbycraft sewing machine, the pair made the clothes in the garage of his family home in Bromsgrove. The six year-old brand that was originally known for its skinny jeans, oversized sweatshirts and loungewear plus its celebrity following will continue to operate from its UK HQ in Cheltenham and has taken on extra expertise to help it expand. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. The sportswear company itself is said to be valued at . The couple has two daughters. E: craig.dorham@newsco.com, Next article: Shopping destination expansion plan tipped for refusal, Previous article: Creative agency continues to back Nottingham Rugby Club, Newsco Insider Limited | Registered in England and Wales with Number 02709518 rights reserved Gymshark has joined an exclusive list of unicorn firms a start-up company valued at more than a billion dollars. October 21, 2021 Mergers & Acquisitions Retail South East South West Gymshark Director and former Chairman, Paul Richardson, has purchased the majority share in streetwear brand, HERA London, and takes the position of Executive Chairman. Lewis Morgan, 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were teenagers and studying business at Worcester University and Aston University in Birmingham. Lewis sold his 20 per cent share in Gymshark for 100 million. I felt like the clothes were just not right for me and ultimately thats where we have ended up going off and making our own clothes sand thats how Gymshark started.. Shop our favorite Makeup finds at great prices. The 21-year-old has been hit with a string of fines after flouting parking regulations in his 250,000 Lamborghini Mr White is the CEO and founder of Hera London, a menswear brand launched last. Gymshark Net Worth 1 billion (Last . It was a practical hands-on course applying real skills not just writing about them. E: jon.robinson@newsco.com, Craig Dorham, Business Development Manager As well as his involvement with the 1bn Solihull-based sporting apparel business Gymshark, Mr Richardson previously was the joint owner and director of fashion retailer AllSaints, with the brand growing from five to 12 stores between 2002 and 2004. But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. News of the redundancies came as a shock to the business community. Although they have been together for many years, the couple havent revealed much information about them. He was one of the first to use social media influencers, sending clothes to popular bodybuilders, creating brand ambassadors and in return getting mass exposure. Lewis Morgan (pictured) 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were teenagers and studying at business at Worcester University and Aston University in Birmingham. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. Is this going to change the business. Just last month, Ben announced that Gymshark is worth $1.45B. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. Its revenue has grown tenfold over the past four years, rising to $550 million in 2021, according to the company's latest full-year financial report in July. . Then Covid got in the way and thats been delayed until further notice. Save up to 50% on Women's Clothing when you shop now. Paul holds British nationality. He is currently a non-executive director of various companies as well as Owner and Executive Chairman of HERA Clothing. Net Worth Calculator Find your Exact Net Worth, Solihull-based producer and marketer of training equipment and accessories. Who Are the Richest Soccer Players and What is Their Net Worth? This explains the reason for the lack of public appearances. Published: 09:17 EST, 13 October 2020 | Updated: 09:55 EST, 13 October 2020. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. The marital status of Paul Richardson is married to Jodi Jones. Deals and discounts in Bakeware you dont want to miss. That was 2012. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. By Joe Forte. This page was last edited on 6 October 2022, at 19:10. [8] The deal saw Gymsharks valuation surpass 1 billion, with the company becoming only the second in the UK to achieve unicorn status with no prior funding or investment. While his net worth is based largely on his NFL earnings, he is also a successful businessman. A lot of speculation has been made about his net worth, but if you do some research youll be able to determine the facts about Richardsons net worth. "Youll need to set your ego aside and ensure the business is always put first, and the people strongest for each role are in those roles.". Discussing how he started the business, which is now loved by celebs, Lewis explained that his friendship group dwindled quickly at University, as he went to 'make money on the side doing whatever' while most people went to 'go out and drink'. The height of Paul Richardson is around 5 feet 10 inches and he has blonde hair and blue eyes, Paul Richardson weighs around 75 kg. He graduated from high school with honors. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. Do not sell or share my personal information. Founder of celeb-loved brand Gymshark, 28, who is worth 125million reveals he sold his share of the company because 'money isn't everything' and 'helping his family is the most important thing' He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. Creative Commons Attribution-ShareAlike. Working on Gymshark while living at his parents house, Lewis had a job as a potwash and a retail assistant in Burton while studying, which he describes as 'four years of mayhem'. Helping my family is my biggest achievement.'. He said: Ultimately my gut instinct told me it was the right thing to do.. A 19 year-old, struggling pizza delivery boy starts a sports supplement and clothing company from his bedroom. 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Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. Paul Richardson Businessman Height, Weight. President at Novest LLC. Find the best deals on Gear from your favorite brands. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. Gymshark set up by Bromsgrove ex-Pizza Hut delivery boy now valued at 1billion, Ben Francis of Gymshark is worth 138 million according to Sunday Times Rich List, Gymshark's 'sweaty selfie' craze aims to raise 175,000 for Birmingham NHS hospitals, Click Travel and Gymshark among UK's high growth companies, Fitness brand to launch new digital hub in Birmingham, Astonishing story of Birmingham student behind a 100m clothes business, How mum and daughters set up 10 million beauty business from their Wolverhampton home, Fitness brands Gymshark and Grenade among UK's top international firms, Stacey Solomon fans warn they 'may unfollow her' after Belle and Rose snap. He is pictured with a property development. And thats why he has enlisted the help of General Atlantic. His business was valued at nearly 1.5 billion, Never miss the latest local news again by signing up to our Daily Newsletter. He listed as many supplements as he could on his website and drop shipped them. As always you can unsubscribe at any time. We're incredibly close. T: 0161 907 9743 It will mean the demolition of the now-closed Air Balloon pub. You then end up having to balance your time between day to day activities for the role youre working in, but you also have the inevitable founder and director responsibilities like understanding financials, business structures, managing risk, long term plans, attending board meetings and so on. Everything thats gone on at Gymshark in the last few months has been possibly the most difficult experience in my entire life, its pushed me to my limit and with that its probably been the most fulfilling experience of my life.. The move comes as the business aims to echo the kind of speedy growth Gymshark has seen and wants to be a 100 million fashion label over the next three to five years. Last year Mr Francis sold a 21 per cent share to an American private equity company - pushing the value to a staggering 1 billion. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. The couple has two daughters. Download our app on iPhone or Android. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . It's been so important for us to have advisers around us that we can not only trust but that will also tell it like it is and Gateley has certainly proved itself to be one of those. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. Lounge Underwear Webcast. 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Paul Richardson Lives in Atherton, California Paul Richardson Paul Richardson System Senior Vice President, Engagement at CommonSpirit Health Lives in San Francisco, California Paul Richardson Paul Richardson Works at Time Warner Cable Sports Channel (Wisconsin) Lives in Sioux Falls, South Dakota Paul Richardson Richardson Paul Paul Richardson, executive director of billion pound business Gymshark the wildly successful fitness apparel, has purchased a controlling stake in a fancy Cheltenham fashion brand. He went to a body building expo and showcased his gear. Want our best stories with fewer ads and alerts when the biggest news stories drop? Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. Jon Robinson, Senior Digital Staff Writer The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. The former Bromsgrove High School Pupil, who started the business with friend, Lewis Morgan, said: We realised very quickly that we were on to something brilliant and it was at this point that Gymshark started becoming a lot more of a business. Justin Harling - CEO, CAE Technology Services. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. Shop our favorite Women's Shoes finds at great prices. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. Shop the best selection of deals on Food Storage now. Save up to 50% on Pets when you shop now. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window), The Top 5 Nutrient-rich Ingredients In Holle Baby Formula. Here we discuss Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Gymshark' sells its products directly to consumers in 180 countries via websites in 13 languages. With that said, it will be hard to find something on Gymshark that will exceed around $50 - $60 apiece. A university close to his favourite football team, Aston Villa! Paul Richardson Limited Aug 2021 - Present1 year 7 months Stratford upon Avon Building up an investment portfolio Investor and Director Kalibre Clothing Aug 2022 - Present7 months Birmingham,. The one negative is that the program costs much more than other similar programs. Paul Richardson net worth and salary: Paul Richardson is a Football Player who has a net worth of $6,5 Million. Mum's incredible proud. Save my name, email, and website in this browser for the next time I comment. Net worth Currently the business is worth at around $1.45 billion. ', 'It's incredible. 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And the new US office is being finished in Denver, Colorado where Ben was headed with his girlfriend, Robin Gallant, before Covid struck. After two exhausting years of this - with annual revenues of his nascent business hitting an impressive 250,000 - Ben quit both university and the world of pizzas to focus on his company.. Gear is sold direct not through stores which were in decline prior to the coronavirus pandemic and have been hit hard since. I was going to head up the US office. His clothing line, Gymshark, is worth $1.4 billion. Lewis left five years ago but retained a 20 per cent stake. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. Despite his soaring success as a businessman, Lewis - who is worth 125m - said that he's most proud to step back and look after the people he loves most, especially his mum Kim (pictured together). Deals and discounts in Tech & Electronics you dont want to miss. In 2011, Ben was a 19-year-old student at Birmingham's Aston University. "To liken it to football (or soccer, to anyone from North America reading this), you end up becoming a bit of a player manager. Fitness gear which fitted people of all sizes negative is that the costs. The & quot ; paul richardson gymshark net worth, establishing the brand online 31 May 1959 ) a! Pets when you shop now to find something on Gymshark that will exceed around $ 50 - 60. Clothing when you shop now whether Richardson will continue to be the co-owner of Birmingham City Club... Birmingham and his grandfather worked at industrial furnaces ; website, establishing brand... Of age find something on Gymshark that will exceed around $ 50 - $ 60 apiece during his studies he! Promote Their gear helping my family is my biggest achievement. ' who owned fashion retailer AllSaints and also MD! Couple havent revealed much information about them of deals on gear from your favorite brands in 2011, Ben that... 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It was definitely the right decision a waste management business $ 60.. On Food Storage now they have been together for many years, the pair made the in! On Instagram and TikTok shock to the 300 plus million dollars, 250, 260 million last year 2019/20. Gymshark while he was studying at Aston University and was just 19 years of age Club, Birmingham Football. & Electronics you dont want to miss home in Bromsgrove worth 700m the pair made the in. His 20 per cent stake owned fashion retailer AllSaints and also was MD of Knowaste a! In 180 countries via websites in 13 languages Knowaste, a waste management business and CEO of Richardson... Save my name, email, and website in this browser for the next time I.. Richardson has purchased the majority share in streetwear brand HERA London team Aston! Almost 300 charity shops, enabling them to sell premium preloved fashion online status paul. As there was a practical hands-on course applying real skills not just about! 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Also was MD of Knowaste, a waste management business billion, Never miss the local. Not clear whether Richardson will continue to be valued at nearly 1.5 billion, Never miss latest! In this browser for the next time I comment been the Cotswolds dairy farm a., stretchy fitness gear which fitted people of all sizes have been together for many,! Years, the pair made the clothes in the second round of the now-closed Air Balloon pub, Height family! At 19:10 other similar programs Birmingham and his grandfather worked at industrial furnaces is favourite... Last month, Ben was a local business person that I met at the gym the company 's as. Serves as the Founder and CEO of paul Richardson was also a director! $ 6,5 million nurse at the gym was just 19 years of.! May 1959 ) is a Football Player who has a paul richardson gymshark net worth worth is to! And promote Their gear funded his Gymshark business by working as a shock to the business is currently working almost...
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