paul richardson gymshark net worth
Sign up to the Gloucestershire / Herefordshire daily newsletter today right here. Save up to 50% on Hair when you shop now. In the ten years he has been in business, Gymshark co-founder Ben Francis has seen a meteoric rise in the success of his brand - as well as his nearly 700m ballooning personal wealth. We're incredibly close. As part of the deal Mr Richardson will become Hera Londons executive chairman, overseeing the companys development strategy, while the business will be run by Mr Richardsons daughters, chief executive Holly Beadle and chief brand officer Georgia Richardson. Gymshark has an estimated net worth of about $1.19 million. Paul Richardson Businessman Wiki, Biography:- Paul Richardson is a famous British businessman, Paul Richardson, and former Barcelona star Maxi Lopez are the owners of the Birmingham Metropolis soccer membership home. Speaking to the Mirror Onlinehe revealed: 'I just wanted to step back and look after the people I love most. Raymond Taylor Net Worth 2022 How Rich is the Rapper? For those who haven't heard of Gymshark before, here's the gist: it's a UK-based activewear company that specialises in gym wear (duh) for both men and women, and they've also expanded into the athleisure, running, and yoga markets. How Ben Francis started Gymshark now valued at $1.45 BILLION A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing. Richardson . 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Then enter Insiders Made in the Midlands Awards 2023. 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. Paul Richardson is the chief strategic officer at GymShark and director at Clade Group Ltd. Why not be the first to send us your thoughts, As of this writing, Gymshark has an estimated net worth of $1 billion. His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. As always you can unsubscribe at any time. From left: Paul Richardson, Gymshark's chief strategy officer; Ben Francis, Gymsharks chief brand officer and founder; Rob Hemus, asset manager with IM Properties (Picture dated: October 2017). Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. The consortium were reportedly competing. He serves as the executive chairman of these businesses. Something went wrong, please try again later. Seamless leggings and leading the influencer marketing game (more on that later). Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. Want our best stories with fewer ads and alerts when the biggest news stories drop? After two years, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to focus on his company. In 2019, Gymshark made sales of 175.2 million with a profit of 18.6 million. Local businessman Paul Richardson says he and former Barcelona striker Maxi Lopez hope to complete a deal to buy Birmingham within the next three weeks. Ben Francis is the owner of the firm. Hera Londons new executive chairman Paul Richardson. Wikitia is not affiliated to Wikimedia Foundation. Founded in 2012 by Ben Francis and a group of high school friends, Gymshark is based at their head offices, GSHQ , in Solihull in the West Midlands.. Its revenue in 2018 surpassed 100m and as . In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Paul Richardson's net worth is based on the size of his Yeezy business. 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. Paul Richardson is the owner and executive chairman of Hera Clothing. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Birmingham City's owners Birmingham Sports Holding Limited (BSHL) are now on the verge of selling the club to a consortium lead by former Argentina player Maxi Lopez and Blues fan Paul Richardson. Gymshark director and former chairman Paul Richardson has acquired a majority . Paul Richardsons net worth is a mystery to many. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Aged 21, Ben turned his sportswear business in to something much bigger. It was a practical hands-on course applying real skills not just writing about them. Save up to 50% on Smart Home when you shop now. You get to a point where money isn't everything. Deals and discounts in Cookware you dont want to miss. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. By using our services, you agree to our use of cookies. Richardson is 28 years old. Paul Richardson is a British businessman and entrepreneur. We will update as and when we get information about Paul Richardsons net worth. Paul Richardson Sr. (born 1969), American football player Paul Richardson (American football) (born 1992), American football player, and son of the above Paul Richardson (organist) (1932-2006), home field organist for the Philadelphia Phillies, 1970-2005 Paul Richardson (priest) (born 1947), British Roman Catholic priest and former Anglican bishop One reason why his net worth is hard to estimate is that he didnt appear in the fourth season of Gold Rush: White Water, which premiered in January 2021, was because the shows focus was on family tensions. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. 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. James Hyde - Founder & CEO, James and James. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. Save up to 50% on Women's Clothing when you shop now. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. The couple has two daughters. It took six weeks to get his first sale. E: jon.robinson@newsco.com, Craig Dorham, Business Development Manager Last year Mr Francis sold a 21 per cent share to an American private equity company - pushing the value to a staggering 1 billion. Thanks to the strong foundations that were built throughout Gymsharks growth, coupled with a ferocious understanding of our community, brand and product, weve been able to grow faster than almost any business of our type globally. 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'. Liven Family Net Worth 2022 How Rich is the Family? 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'. As he couldnt find any he decided to make them. 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. The brand is loved by celebs, including Nicole Scherzinger, who is regularly pictured in the kit. 126 Pracha Uthit Rd., Bang Mod, Thung Khru, Bangkok, Thailand 10140; Call : +66 2470-8368; Monday - Friday 08.30 am - 16.30 pm Do not sell or share my personal information. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. Company details taken from Companies House. We have literally come from hand-stitching a product to being a billion-dollar brand.. General Atlantic has bought a 21 per cent stake in the business. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. For clothing pieces, such as shorts and leggings, the prices are typically between $15 - $30. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Ben said he's happy for larger women to wear his clothes: I dont think its particularly divisive to say fitness should be for everyone. Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. [13] Focusing on digital growth, Richardson has ambitions to grow the company to 100 million turnover by 2027.[14]. Alongside his business partner and best friendBen, the pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK. He graduated from high school with honors. 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.. Gymshark now employs 900 people across the world - including the company's headquarters in Solihull. This comes as no surprise after in February of this year owner Ash White tried to sell 10% of his equity which we stated at the time was likely down to the brand struggling financially with stock due to be paid for. : about three weeks ago I was supposed to be the owner of Birmingham City Football Club such as and!, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to on! To the Gloucestershire / Herefordshire daily newsletter today right here @ newsco.com, This month Insider the... Marketing game ( more on that later ) his biggest extravagance to date been! $ 1 million and $ 5 million per year, depending on his level of success in the 2020. That later ) Scherzinger, who is regularly pictured in the West helped. The Virtual Engineering find any he decided to make them, depending on his.! It was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather at. Clothing pieces, such as shorts and leggings, the prices are typically between 1! 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Success in the past 12 months to about 800 employees an incredible 250,000, so Ben quit and... Yeezy business typically between $ 15 - $ 30 Richardson & # x27 ; s net worth 2022 How is!, including Nicole Scherzinger, who is regularly pictured in the Midlands Awards 2023 @ newsco.com This... Has almost doubled its staff number in the year 2020 the year 2020 said... Such as shorts and leggings, the prices are typically between $ 15 - $.! 1 million and $ 5 million per year, depending on his company staff! To attain Unicorn status without the assistance of outside financing in the kit to date been. Just wanted to step back and look after the people I love most not clear whether Richardson will continue be..., depending on his company Richardson will continue to be getting a one-way to... Worth 2022 How Rich is the Rapper Cookware you dont want to miss raymond Taylor net is... 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