Home - Company - Gymshark Net Worth, Ben Francis Net Worth (Updated). 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'. Dec 27, 2022 Paul. Find the best deals on More Pets Supplies from your favorite brands. With more than 20 years' experience in the sector, Richardson was instrumental in helping Gymshark become the global e-commerce business it is today. [17]. Richardsons career as an NFL player has been a roller coaster ride. He said: The old playbook for success in brands was you create as much product as you can, supplied in to as many stores as you can, to please as many people as you can. [7] Later in the year, the company secured investment from private equity firm General Atlantic. This means that we may include adverts from us and third parties based on our knowledge of you. Waitrose reveal its 2020 Not just any chip shop scraps! LEGAL STUFF. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Richardson also has stakes in VERSACE Mens T-Shirts and BUYMA. Save my name, email, and website in this browser for the next time I comment. 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. Deals and discounts in Nails you dont want to miss. Inclusivity is super-important, he said. Launched in 2015, Hera London became . 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? I am very proud to be in the position I am. Loose Women star, who welcomed Belle earlier this month and Rose on her 32nd birthday last October, posted the adorable snap on Instagram. And for tops, long sleeves, or higher quality leggings, prices will be around $50. As his interest in business grew, Lewis ended up skipping lectures, and at the end of his first year he dropped out to focus on Gymshark full time. 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. He made his first Super Bowl appearance with the . Find the best deals on Fitness Nutrition from your favorite brands. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. 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. The former Aston University student went from a delivery driver for Pizza Hut to sportswear entrepreneur with the help of a sewing machine and screen printer in his parent's garage, Get the latest news from MySolihull straight to your inbox. Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. 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.. 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 . Paul Richardson 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. Gymshark Net Worth 1 billion (Last . He is the former co-owner of AllSaints, . Gymshark director and former chairman Paul Richardson has acquired a majority . He was known locally as being the "business guy" and had a wealth of experience that has helped build Gymshark's strong foundations over the years. Biography of Celebrities, News Information around the world. Jan 10, 2023 Paul. That was 2012. 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. Raymond Taylor Net Worth 2022 How Rich is the Rapper? This article "Paul Richardson (Businessman)" is from Wikipedia. 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. But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. His wife's name is Jodi Jones. The first year of his NFL career, Richardson spent most of the season on the practice squad. 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' It is about to open two in America, in Ohio and California. Moreover, the company makes around 500 million dollars each year on average. The couple has two daughters. Paul Richardsons net worth will increase as he becomes a more popular athlete. Paul Richardson Businessman Wiki, Biography:-, Paul Richardson Businessman Wiki, Biography, In this blog. These are the best Home Audio deals youll find online. In 1992, Richardson founded City Waste. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. Ash White set up HERA London in 2015 and thanks to the influence of celebrities like Brooklyn Beckham and Hailey Bieber wearing his designs, was turning over in excess of 5m by 2019. Unlike other brands, Gymshark uses plus-size people wearing its clothing. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. He said his parents and grandparents' jobs in the region had given him a strong work ethic. 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The Gloucestershire-based companys new management has plans to turn it into a 100m fashion label. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. If anything you will see Gymshark is even more agile then ever. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. Paul Richardson also serves as Investor and Non-Executive Chairman at Energem and as Investor and Non-Executive Director at ARX Alliance. Current companies connected to Paul Richardson A search of Companies House has found these companies currently connected to Paul Richardson Information correct as of June 26, 2022. Save up to 50% on Hair when you shop now. 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. It will mean the demolition of the now-closed Air Balloon pub. In this episode, we discuss Paul's role with G Show Venture Mentality, Ep Paul Richardson- Gymshark Executive - Aug 18, 2020 James Hyde - Founder & CEO, James and James. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. 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. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. It has engaged The Growth Foundation, an e-commerce growth consultancy, to help the brand scale-up and achieve these goals, as well as Fostr a premier Shopify Plus Agency based in the UK.The big question is whether the family trio now at the helm will be able to pull off its growth targets. General Atlantic has bought a 21 per cent stake in the business. After handing back the role of CEO to Gymshark's founder, Ben Francis, Steve became Executive Chair at Gymshark before stepping back from the business to become a Non-Executive Director in August 2022. The fashion resale space is growing 11x faster than general fashion and will be 2x larger than fast fashion by 2030 and i wanted to be part of that revolution. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. Gymsharks clothing range started because Ben wasnt happy with what was out there. The consortium were reportedly competing. "Im proud of my decision, and proud of the team that Im a part of. Who knows where it will take us.. Something went wrong, please try again later. He said: Ultimately my gut instinct told me it was the right thing to do.. Ben Francis started Gymshark from his parents' garage in 2012 when he was 19 years . Paul Richardson is the co-founder of Birmingham-based Gymshark and now has 'full control' of the Blues And Richardson spoke exclusively to talkSPORT about the details of his purchase of the. I just wanted to enjoy my life. In July 2022 Paul Richardson Maxi Lopez took over ownership of Birmingham City Football Club and was welcomed by the club as new owners. Gymshark has joined an exclusive list of unicorn firms a start-up company valued at more than a billion dollars. We are no longer accepting comments on this article. Hera London is being supported in its scale-up by e-commerce consultancy The Growth Foundation and agency Fostr, which works with luxury brands on the Shopify platform. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. 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. Gymshark' sells its products directly to consumers in 180 countries via websites in 13 languages. Justin Harling - CEO, CAE Technology Services. ITV Emmerdale's Amy Nuttall 'crying every day' after husband Andrew Buchan leaves her for co-star, Buchan has reportedly left her for BBC Better co-star Leila Farzad, 40, ITV Emmerdales Amy Nuttall rumbled husband Andrew Buchan and BBC Better co-star Leila Farzad's romance by lingerie. Their daughters, Ava and Olivia, are a couple with whom he shares a lot of their wealth. 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. President at Novest LLC. It looks like we could be hearing a lot more from streetwear brand Hera London in the near future with Gymshark director and former Chairman Paul Richardson having bought a controlling stake in the streetwear firm. 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. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. Sahar Nazir. Their claim to fame? In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. This means that we may include adverts from us and third parties based on our knowledge of you. The company employs 499 people globally. Perfect for a posh Christmas! Ben said: This is a rapidly growing brand. Save up to 50% on Smart Home when you shop now. Last year's Sunday Times Rich List put his worth at 700 million. 'It was four years of mayhem. He said: I have always said I always want to take every single leap possible to take this in to being one of the biggest and best brands in the world. 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 Paul Richardson is the owner and executive chairman of Hera Clothing. People have said - Is Ben selling out? Fruit and veg wholesaler blames shortage on supermarkets not paying 'fair price' for produce, Darren Cookson has up to increase his prices by as much as 50 per cent, Shoplifter banned from every Primark, Boots, Iceland and Wilko in area, Samantha Oldfield has been banned after she tried to leave a shop with candle sets and chocolates in her bag, Prince Harry and Meghan Markle break silence after Frogmore Cottage eviction, Prince Harry and Meghan Markle have been forced out from the Windsor property, BBC Strictly Come Dancing star joins EastEnders cast in new family. Now he has signed a deal with General Atlantic he is targeting taking the Gymshark brand to North America and to the lucrative Asia Pacific market. An. or debate this issue live on our message boards. The list of its authors can be seen in its historical. "To liken it to football (or soccer, to anyone from North America reading this), you end up becoming a bit of a player manager. 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.. He is pictured with a property development. 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. [11], In January 2014, Richardson became a director at Knowaste, a waste management company that he had worked with since 2008. Write your queries in the comments section. Im going to have even more input and control over the future of the business. Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. Shop the best selection of deals on Tools & Utensils now. Find the best deals on Women's Handbags & Wallets from your favorite brands. It has offices in Denver in the United States, Hong Kong, Mauritius, London and a huge campus at Blythe Valley Business Park in Solihull. Save up to 50% on Skin Care when you shop now. Shop the best selection of deals on Fitness now. His business was valued at nearly 1.5 billion, Never miss the latest local news again by signing up to our Daily Newsletter. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. Ben took a small margin. They have two daughters named Georgia Richardson and Holly Beadle. As of this writing, Gymshark has an estimated net worth of $1 billion. Type in the area above to perform a search. By Joe Forte. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. His net worth reached an estimated $40 million in 2014. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. 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The future looks bright for this talented athlete. There is no information available on the web regarding Paul Richardsons net worth. Gta 5 Net Worth 2022; Development, Controversial Issues and Awards, Lexie Spiranac Net Worth 2022; Biography, Wiki, Career (Updated). 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. 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. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. Although they have been together for many years, the couple havent revealed much information about them. The sportswear company itself is said to be valued at . Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. 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. 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). In August, Gymshark was valued at 1 billion, after US private equity giant General Atlantic snapped up a 21 per cent stake in his business - making his partner Ben the richest self-made Briton under 30 with a worth of around 650million. Find the best deals on Women's Jewelry from your favorite brands. It was a practical hands-on course applying real skills not just writing about them. It is definitely worth spending a couple of dollars more though. Role . A 28-year-old former pizza delivery boy has done a deal which values his sportswear company at more than 1bn. 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. Save up to 50% on Swimwear when you shop now. Aged 21, Ben turned his sportswear business in to something much bigger. . Absolutely not. 'We were two kids running a multi-million pound business and, somehow, doing it well. It's quite literally your 'rags to riches' story. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. He was born in Los Angeles and has twin brothers. In fact, the show was created by Dustin Hurts and Paul Richardson wouldnt have done the show without the other actor. Jon Robinson, Senior Digital Staff Writer In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. 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. Paul Richardson Net Worth. The platform for Gymshark's global ambitions has been laid by Hewitt and executive chairman Paul Richardson, who joined during a difficult period for the business six years ago. Your email address will not be published. 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. 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. In this episode, we discuss Paul's role with G. education business podcasts management. Copyright 2023 FashionNetwork.com All rights reserved. . Lounge Underwear Webcast. Paul Richardsons parents name is Tommy Richardson (Father) and Paul Richardsons Doreen (Mother) is his mothers name. Since it was started by 29-year-old Mr Francis and his friend, Lewis Morgan, in 2012 its trajectory has been skywards. We are going on this growth journey in a completely different way to what anyone else has ever done before. 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. In 2021, Richardson acquired Long Itchington and Ufton Woods, a 200-acre woodland which is a Site of Special Scientific Interest (SSSI), as well as a 200-acre woodland in East Hareshaw, Scotland and a 228-acre farm in Warwickshire. Who Are the Richest Soccer Players and What is Their Net Worth? Gymshark is a Solihull-based producer and marketer of training equipment and accessories. Deals and discounts in Cookbooks you dont want to miss. Francis first stitched the garments in his parents garage. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. Find the best deals on Kitchen from your favorite brands. Speaking to the Mirror Onlinehe revealed: 'I just wanted to step back and look after the people I love most. 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. 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