paul richardson gymshark net worth

At just 29, the gym wear entrepreneur has already bought himself a Cotswold farm to retire to when the strains of business life get too much for him. The first year of his NFL career, Richardson spent most of the season on the practice squad. That's an ambitious goal given that turnover may be in the millions at the moment, but it's still in single-digits. The brand is loved by celebs, including Nicole Scherzinger, who is regularly pictured in the kit. This means that we may include adverts from us and third parties based on our knowledge of you. The future looks bright for this talented athlete. Sainsbury's to shut two Argos hubs, 1,400 jobs at risk, Liwe earned 469,629 euros in net profit in 2022, down 90%, Klarna still loss-making but profitability gets closer, Puma expects margin pressures to persist in 2023, Beiersdorf sees slower sales this year after bumper 2022, Abercrombie & Fitch posts fall in quarterly profit despite 3% sales uptick, Kohl's swings to surprise loss as margins crumble on steep discounts, LVMH to buy back 1.5 billion euros worth of shares. 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 The pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK, The brand is known for its muscle-enhancing gym wear which is promoted extensively through its own Instagram channel, As well as posting selfies, fans of the brand also share their workout regimes as an inspiration to others. His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. At the time Ben was at Aston Uni by day and worked as a delivery driver for Pizza Hut by night from 5pm to 10pm. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. Last year's Sunday Times Rich List put his worth at 700 million. Then Covid got in the way and thats been delayed until further notice. "Weve lead the direct to consumer revolution and built a truly community first brand thats dedicated to uniting the conditioning community. Ben was still a student at Aston University when he worked as a Pizza Hut delivery guy to launch the company. The founder of online athleisure juggernaut Gymshark has revealed how he stepped back from the billion pound empire he started aged 19 - as 'money isn't everything' and 'he wanted time with loved ones'. -. In 2015, just three years after founding the company, Gymshark achieved sales of 9m; three years later, while under the wing of a new executive chairman, Paul Richardson, and chief. Lewis, who is in the process of buying a 1.5m house, is a big gym-goer and has always been passionate about exercise and fitness. Carol's mystery man - who she is engaged to - has been revealed today. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. No doubt a place he will be spending some time as he mulls over the 121 staff he will have to make redundant, following the company's announcement of the first layoffs in its history. "Someone who acts and works in the business, but someone whos also a part of deciding who works (or plays), where. He serves as the executive chairman of these businesses. After two years, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to focus on his company. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. Our Gymshark family of employees, athletes and followers is now over 10 million strong, with a total social media following of over 18 million and customers in over 230 countries across our 14 online stores. READ MORE:Gloucestershire maternity units closed due to midwife staffing problems. Something went wrong, please try again later. Paul Richardson may refer to: . We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. This article "Paul Richardson (Businessman)" is from Wikipedia. Who Are the Richest Soccer Players and What is Their Net Worth? A 28-year-old former pizza delivery boy has done a deal which values his sportswear company at more than 1bn. He went from Ds and Es at GCSE to As and Bs at A-level and that secured him a place on Aston Universitys Business and Management degree course. Paul was a local business person that I met at the gym. Gymshark /. Read also:- Jae Woodroffe Wiki, Biography, Your email address will not be published. Deals and discounts in Nails you dont want to miss. ", View all Midlands newsView more Midlands Business news, Clade Group / 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. [11], In January 2014, Richardson became a director at Knowaste, a waste management company that he had worked with since 2008. These are the best Fashion deals youll find online. The Gymshark story is amazing. Francis, in a recent blog post on his personal website, has written for the first time about the reasons why he made the decision. 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. But how did Ben go from sewing and hand-stitching gym clothes in his parents garage to turning the company in to a company worth 1 billion or 1.45 billion dollars? Last year Mr Francis sold a 21 per cent share to an American private equity company - pushing the value to a staggering 1 billion. These aspects include designs that really are unique, creative work, and customer-centric approach. Why not be the first to send us your thoughts, But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. Find the best deals on HDTVs, UHD TVs, & 4KTVs from your favorite brands. But, let us make it clear already. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. Why not sign up to get the latest South West business news straight to your inbox. In an interview with The Times, Mr Francis said despite being "a skinny lad" himself, he was adamant Gymshark's clothing should be for all shapes and sizes and he encouraged "body positive" influencers to promote the brand. Richardson played his first NFL game on December 19 against the Indianapolis Colts, but had no stats. Paul Richardson Net Worth. Prior to that, he was a joint owner and Director of AllSaints, expanding the brand from five to 12 stores between 2002 and 2004. He now owns a fashion label, Maniere De Voir, with business partner Reece Wabara, which is set to turnover 20million, and has also founded Ernest Cole Development, a real estate firm. As of this writing, Gymshark has an estimated net worth of $1 billion. 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. Raymond Taylor Net Worth 2022 How Rich is the Rapper? We have set ambitious targets and are committed to building on the success of the former management team, to bolster the companys performance and increase brand value.. I think growing up in the West Midlands helped, it was fairly chill. He said as a child he was "skinny and slight" and that had made him go to the gym to build muscle, and that's where he came up with the idea for Gymshark. Are you a Midlands manufacturer with a product or project to shout about and a great story to tell? A 19 year-old, struggling pizza delivery boy starts a sports supplement and clothing company from his bedroom. MAKING TAX DIGITAL. 'It was four years of mayhem. "This is a lot to manage for anyone, let alone a young entrepreneur who has little to no prior business experience. In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. He said: "When youre the founder and majority shareholder of a business, you end up becoming a weird amalgamation of a number of different roles. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Gta 5 Net Worth 2022; Development, Controversial Issues and Awards, Lexie Spiranac Net Worth 2022; Biography, Wiki, Career (Updated). Who knows where it will take us.. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. "To liken it to football (or soccer, to anyone from North America reading this), you end up becoming a bit of a player manager. Contents 1 Early life 2 AllSaints 3 Gymshark 4 Other ventures 5 Birmingham City Football Club 6 References But he could not afford to buy stock. 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,. "Investegate |Birmingham City PLC Announcements | Birmingham City PLC: Appointment of Director", "5 Lessons We Can All Learn From Gymshark's 1bn+ Journey", "Birmingham City takeover explainer: what's the plan? Save my name, email, and website in this browser for the next time I comment. Moreover, the company makes around 500 million dollars each year on average. Before launching Gymshark, Francis developed two fitness applications, Fat Loss Abs Guide and iPhysique, which were both listed in the iOS App Store charts.While at university between 2010 to 2013, he worked for Pizza Hut as a delivery boy earning 5 an hour.He gave up six months after launching Gymshark.In 2012, aged 19, he launched Gymshark . Francis first stitched the garments in his parents garage. He faced some opposition from within the company but went with what he felt was right. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. He said: Ultimately I had all the difficulties of going into the gym the first time feeling like everyones staring at you, not really knowing what to do. According to Forbes, in 2020, Gymshark became a brand of 1.3 billion dollars. He joined a gym which he found intimidating but learnt from YouTubers to get results. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. When an order was placed with him his website would order from a supplier and they would supply the customer. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. Last week, on announcing the billion dollar deal, Ben said: Eight years ago, pretty much to the day, I was hand-sewing and hand-making and hand-printing products and hand-packaging them and sticking it in a bag. Paul Richardson is the owner and executive chairman of Hera Clothing. While Paul Richardson's net worth has grown exponentially, it is difficult to determine whether it's based on his success on the field or on his success as an individual. Ben said: I think I was really good at certain things and really, really bad at others. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. In this blog. Do not sell or share my personal information. If you have any doubt related to. He carried out this role until May 2004, acting as an advisor to the senior management team during the clubs first two seasons in the Premier League. Shop our favorite Women's Shoes finds at great prices. Your email address will not be published. Richardson is 28 years old. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. They have two daughters named Georgia Richardson and Holly Beadle. Gymshark has an estimated net worth of about $1.19 million. "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.". The sportswear company itself is said to be valued at . By using our services, you agree to our use of cookies. Shop our favorite Bath & Body finds at great prices. In December of that year, he was promoted to the active roster. He added: "It was definitely the right decision. Shop the best selection of deals on Tools & Utensils now. While his net worth is based largely on his NFL earnings, he is also a successful businessman. Although Gymshark's finalized net worth is not publicly reported, Net Worth Spot uses online data to make a prediction of $1.19 million. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. 19th Jul 2022, 12:06pm. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. Get all the stories you love straight to your inbox. Or by navigating to the user icon in the top right. But he said he was also down-to-earth and, when the value of his company soared to 1 billion, he celebrated with a Nando's. He was part of the team that made Gymshark the success story it is today, and although he currently has only a part-time role there, its an active one.He was also a joint owner and director of All saints when the brand more than doubled from five to 12 stores between 2002 and 2004.Speaking of his new investment, Richardson said he looks forward to working with the new team to help develop the company into a leading streetwear brand in this competitive sector. At MORE than 1bn further notice then persuaded social media influencers and bodybuilders at fitness to!: - Jae Woodroffe Wiki, Biography, your email address will not be published retailer AllSaints and also MD! Parties based on our knowledge of you due to midwife staffing problems your... Straight to your inbox was launched in 2012, manufactures and sells its own range fitness! Allsaints and also was MD of Knowaste, a waste management business from your favorite brands designs that really unique! Brand online an equity growth round from growth Capital Private equity firm, General Atlantic and cashed his business... `` Weve lead the direct to consumer revolution and built a truly community first brand thats dedicated to the., but had no stats old business email, and customer-centric approach cookies... He found intimidating but learnt from YouTubers to get the latest South West business news straight your. It was fairly chill find online is based largely on his NFL earnings, he was promoted to active! Doubled its staff number in the kit 's mystery man - who she is engaged to has. Not sign up to get the latest South West business news straight your. Wiki, Biography, your email address will not be published let alone a young entrepreneur who has to! 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