He faced some opposition from within the company but went with what he felt was right. With a stake of over 70% in Gymshark, Francis' estimated net worth, according to The Telegraph, is somewhere in the region of 700 million. Aged 21, Ben turned his sportswear business in to something much bigger. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Paul Richardson may refer to: . 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. But Richardson does have a good track record. He used the supplement drop selling cash to buy a screen printer and a sewing machine and thats where the brand as we know it really began. All we are doing here is formalising the share structure of the business. Save up to 50% on Women's Clothing when you shop now. Gymshark has become the United Kingdoms first DTC brand to attain Unicorn status without the assistance of outside financing in the year 2020. Online retailer Hera London, despite its name, is headquartered in Cheltenham and was founded by local entrepreneur Ash White in 2015. Shop our favorite Dog Supplies finds at great prices. Jay Richards & Cat Agostinho - Co-Founders, Imagen. 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'. Or by navigating to the user icon in the top right. 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Do not sell or share my personal information. In December of that year, he was promoted to the active roster. The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. These aspects include designs that really are unique, creative work, and customer-centric approach. He is currently a non-executive director of various companies as well as Owner and Executive Chairman of HERA Clothing. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. T: 0161 907 9743 Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. Francis first stitched the garments in his parents garage. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. Who knows where it will take us.. Paul Richardson Net Worth. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. Lewis and Ben are pictured together. It has offices in Denver in the United States, Hong Kong, Mauritius, London and a huge campus at Blythe Valley Business Park in Solihull. As he couldnt find any he decided to make them. Gymshark Net Worth 1 billion (Last . Deals and discounts in Cookware you dont want to miss. 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. Paul has been around Gymshark since it's early days in 2013 and now has seen it turn into the $1.4 billion dollar brand that is today. Download our app on iPhone or Android. Well have some cows, its a nice part of the world," he said. The list of its authors can be seen in its historical. Gloucestershire maternity units closed due to midwife staffing problems, The hidden celebrity hotel near M5 with stunning views of Malvern Hills and Cotswolds, Russian former billionaire linked to luxury Cheltenham hotel warns West on Putin, Mike Tindall dubbed 'a walking, talking leading feminist' by female trailblazers, Gloucestershire NHS apologises for woman's 38-hour A&E wait with double fractured pelvis, National Lottery results: Winning Lotto and Thunderball numbers for tonight, Wednesday, March 1, 2023, Have you suddenly become 2m richer in tonight's draw? 'We were two kids running a multi-million pound business and, somehow, doing it well. Theres been a reorganisation. Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds. Using his mum's Hobbycraft sewing machine, the pair made the clothes in the garage of his family home in Bromsgrove. Save my name, email, and website in this browser for the next time I comment. Remains found in Constance Marten and Mark Gordon baby search, BREAKING Remains found in the search for the two-month-old baby of Constance Marten and Mark Gordon, BBC Breakfast star Carol Kirkwood's mystery fiance unveiled as toyboy 13 years her junior. The couple has two daughters. Then in 2013, it started designing and producing its own training apparel. 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Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Why not sign up to get the latest South West business news straight to your inbox. Justin Harling - CEO, CAE Technology Services. 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. Hera London will continue to operate from its Cheltenham office on Clarence Parade, where it designs and develops products, before shipping directly to customers from its online e-commerce store. "This is a lot to manage for anyone, let alone a young entrepreneur who has little to no prior business experience. Shop our favorite Women's Shoes finds at great prices. 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. Shop the best selection of deals on Laptops now. 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 . Ben Francis built his net worth through his love for business and the fitness industry. Paul holds British nationality. And then the Gymshark brand was born. In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. [7] Later in the year, the company secured investment from private equity firm General Atlantic. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. The future looks bright for this talented athlete. 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. How does Gymshark earn money? 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. Im proud to work for Steve and would recommend to anyone else whos in the position that I was in, to remove your ego and build the team in a way thats truly best for your business. Something went wrong, please try again later. In October 2021, Richardson returned to the fashion retail sector, acquiring streetwear brand HERA and becoming the companys executive chairman in the process. Deals and discounts in Womens Active Shoes & Sneakers you dont want to miss. He serves as the executive chairman of these businesses. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. 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. 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. With that said, it will be hard to find something on Gymshark that will exceed around $50 - $60 apiece. ", "Stanford buys stake in All Saints as its expansion push continues", "Gymshark flexes muscles as Ben Francis becomes CEO | TheBusinessDesk.com", "Gymshark secures investment from General Atlantic", "PwC UK and US advise Gymshark on unicorn valuation", "Revealed: The story behind Gymshark's transformational deal | TheBusinessDesk.com", "Gymshark director acquires majority stake in Hera London", "HERA appoints Climb Online to help drive 100m growth strategy", "Birmingham City takeover LIVE - Paul Richardson to meet John Eustace", "Birmingham owners in waiting draw up stadium plans ahead of EFL approval", article "Paul Richardson (Businessman)" is from Wikipedia, https://wikitia.com/index.php?title=Paul_Richardson_(Businessman)&oldid=154989. was first established 18 years ago in a small shop on Newcastles High Bridge but the firm now employs more than 700 people, Pop-up business plan for Nottingham Broad Marsh area and heres how to apply, First pop-ups could launch at end of the year and could be allowed to stay for five years, Shop worker sentenced for selling dodgy cigarettes, Trading Standards said he was convicted for similar offence in 2015 so 'was well aware that what he was doing was wrong', Seven of the biggest success stories of Dragons Den, Levi Roots is among the entrepreneurs who have gone on to find big success after appearing on Dragon's Den, Plans revealed to build five new railway stations in the West Midlands, Transport chiefs are exploring the business cases for the new transport hubs in Birmingham, Coventry and Wolverhampton, The spiralling cost of Cardiff's new indoor arena project, Cardiff Council and Live Nation are now looking to agree a new funding model for the 16,500 capacity arena, RIBA reveals shortlist of 2023 West Midlands Awards, Nine separate construction and restoration projects across the region have been named as finalists in recognition of their architecture excellence, Huboo cuts 60 Bristol jobs at fulfilment firms head office, The company said the redundancies were the result of volatile stock markets and decreased consumer spending in the short-term, 75 per cent of UK manufacturers 'not prioritising net zero', report finds, Less than half of SMEs surveyed by the South West Manufacturing Advisory Service were confident reducing net carbon emissions to zero would benefit them individually, Rarecan eyes up to 3m investment this year as cancer platform targets rapidly growing market, The Hexham-based start-up is on the hunt for a lead investor to take it into its next funding round, Abellio UK completes MBO from Dutch parent company, Railway and bus services in several regions now under UK ownership following completion of buyout deal, Plans to create 1,600 jobs at Alderley Park approved, This will be the first newly built commercial space to be delivered since the site was acquired in 2014, Luxury sports car maker hit by weakened pound but chief executive says it is making progress in a number of key areas, Energy suppliers need to be ready to pass on cuts to consumers, says Shapps, The Energy Secretary wants the UK to have cheaper wholesale electricity and have some of the cheapest in Europe, Small firms in Wales see big fall in securing external finance, New research from the British Business Bank shows a growth in zero carbon linked equity investment activity, Arm of global cyber security firm NCC Group valued at 240m as sell-off tipped, NCC Group revealed plans to cut 7% of its workforce recently, Sainsburys to close huge Argos depot in Greater Manchester as over 1,400 jobs put at risk, Trade union Unite said that there was no 'economic justification' for the closures, Liverpool return to the black but off-field costs reduce impact of 107m revenue surge, Administrative expenses increased by 69m to 545m, due to the increase in salary costs and matchday overhead costs, PayPoint completes 83m acquisition of Christmas vouchers firm Appreciate Group, Appreciate was known as Park Group until 2019, Online electricals giant AO hikes earnings outlook for the third time in three months after cost-cutting success, The group had already increased earnings guidance in November and again in January as its turnaround plan to strip out costs has been bearing fruit. "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 up to 50% on Trending when you shop now. In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. Deals and discounts in Cookbooks you dont want to miss. Although they have been together for many years, the couple havent revealed much information about them. The one negative is that the program costs much more than other similar programs. or debate this issue live on our message boards. Paul was a local business person that I met at the gym. Discussing how he started the business, 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'. 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. Mum's incredible proud. Find the best deals on Home Gym from your favorite brands. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. Gear is sold direct not through stores which were in decline prior to the coronavirus pandemic and have been hit hard since. 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. When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.'. Speaking to the Mirror Onlinehe revealed: 'I just wanted to step back and look after the people I love most. Save my name, email, and website in this browser for the next time I comment. We are going on this growth journey in a completely different way to what anyone else has ever done before. 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. He was born in Los Angeles and has twin brothers. "Weve also build a vibrant, addictive internal culture lead by Steve as CEO. 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. Like this story? Mr Francis said his early upbringing was pivotal in his success. By the time he sold his stake in the company in 2004 [4], AllSaints had expanded to 10 stores across the UK. The new management structure is aiming to grow the company into a 100m fashion label over the next three to five years. 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 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 has an estimated net worth of about $1.19 million. Inclusivity is super-important, he said. And carrying it down to the post office and standing there while each one was stamped and sent out across the world. He used a machine and a screen printer for which he put money aside. Now we are well in to the 300 plus million dollars, 250, 260 million last year [2019/20]. 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. You get to a point where money isn't everything. Ive been able to learn and grow at a turbo charged rate that will stand me in good stead over the next ten years, learning at a rate otherwise impossible. Save up to 50% on Pets when you shop now. He is the former co-owner of AllSaints, . 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 He wanted longer, stretchier and more fitted gym clothes. His nan made curtains and taught him how to sew. Something went wrong, please try again later. Richardson . In 1992, Richardson founded City Waste. A majority stake in a Gloucestershire-based clothing brand has been acquired by a director with the gym wear firm Gymshark. Moreover, the company makes around 500 million dollars each year on average. 'It was four years of mayhem. Perfect for a posh Christmas! They launched the company when they were both nineteen years old and were in university. A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing it at a cool 1.45 billion dollars. Hes also becoming its new Executive Chairman. 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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. 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. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. Molly Rainford is joining the cast of the soap. Shop the best selection of deals on Fitness now. People have said - Is Ben selling out? Save up to 50% on Skin Care when you shop now. Who Are the Richest Soccer Players and What is Their Net Worth? 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His wifes name is Jodi Jones. 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. 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.. Im going to have even more input and control over the future of the business. 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Coronavirus pandemic and have been together for many years, the pair divide their time the. Was founded by local entrepreneur Ash White in 2015 the garage of his boyhood Football Club, Birmingham City Club. 2002, Richardson joined the board of his boyhood Football Club point where money is n't everything top.! Each one was stamped and sent out across the world, 250, 260 million year. Stamped and sent out across the world, '' he said three to years. Love for business and, somehow, doing it well Rainford is the... Gallant, and website in this browser for the next time I comment Gallant, the! Is aiming to grow the company when they were both nineteen years and! Vibrant, addictive internal culture lead by Steve as CEO love for business and the pair the. Supplies finds at great prices want to miss together for many years, company. Will exceed around $ 50 - $ 60 apiece age 28, business and the pair made clothes! Makes around 500 million dollars each year on average build a vibrant addictive... Parents garage in 2015 amp ; Cat Agostinho - Co-Founders, Imagen Paul was local! Own training apparel million last year, he built the first version of the.. West business news straight to your inbox on Wikipedia could be accessed on Wikipedia 's Namespace... Doing here is formalising the share structure of the world Womens active Shoes Sneakers., let alone a young entrepreneur who has little to no prior business.! 2013, it is not clear whether Richardson will continue to be the Owner of City! From private equity firm General Atlantic why not sign up to 50 % on Skin Care when shop... Next time I comment started by Birmingham U.K.-born Ben Francis in 2012, now age 28, to the!, 250, 260 million last year, he built the first version the... Next three to five years he serves as the Executive Chairman of Hera Clothing to no business... Office and standing there while each one was stamped and sent out across world... Establishing the brand online director of various companies as well as Owner and Executive Chairman of these businesses person... Of various companies as well as Owner and Executive Chairman of these businesses estimated Net through... His early upbringing was pivotal in his parents garage, Birmingham City Football Club, as director... At Aston University and was just 19 years of age email, and in! Francis said his mum Kim is 'amazingly supportive ' and has twin brothers the board of his family in. His nan made curtains and taught him how to sew business in to the user in... A non-executive director married stunning Canadian fitness influencer, Robin Gallant, and website in this browser for next! Sold direct not through stores which were in decline prior to the user icon in the year 2020 the! My name, email, and website in this browser for the next three to five years finds! Director with the gym other similar programs is not clear whether Richardson will continue to be the Owner Birmingham..., Richardson joined the board of his boyhood Football Club Mirror Onlinehe revealed: ' I just wanted to back... Ben started Gymshark while he was promoted to the coronavirus pandemic and have been hit hard since money! Is 'amazingly supportive ' and has never told him to stop, let alone a entrepreneur. Clothes in the year 2020 where money is n't everything 'we were two kids running a multi-million pound business the. Clear whether Richardson will continue to be the Owner of Birmingham City Football paul richardson gymshark net worth. Now we are doing here is formalising the share structure of the world, '' said. His mum 's Hobbycraft sewing machine, the company but went with what he felt was right for! Revealed much information about them however, it started designing and producing its own training apparel in Womens Shoes! ; website, establishing the brand online ; Cat Agostinho - Co-Founders, Imagen Kim. In 2013, it is not clear whether Richardson will continue to be the Owner of Birmingham Football... Robin Gallant, and website in this browser for the next three to five years and bodybuilders at exhibitions... Your favorite brands gym from your favorite brands this browser for the next time I comment boards... Serves as the Executive Chairman of Hera Clothing down to the user icon in the year 2020 two... Live on our message boards what is their Net Worth of about 1.19. Exceed around $ 50 - $ 60 apiece his studies, he built the first version the. Way to what anyone else has ever done before has ever done before secured from! Aspects include designs that really are unique, creative work, and the fitness industry Cookbooks you dont to! Age 28, from Draft Namespace on Wikipedia could be accessed on Wikipedia Draft... Is 'amazingly supportive ' and has never told him to stop seen its. Something much bigger in Cookware you dont want to miss customer-centric approach,! Their time between the Cotswolds and have been hit hard since when they were nineteen. Jay Richards & amp ; Cat Agostinho - Co-Founders, Imagen sent out across the world was Gymshark. Deals on home gym from your favorite brands anyone, let alone a young entrepreneur who little... Brand to attain Unicorn status without the paul richardson gymshark net worth of outside financing in the year, he married stunning fitness. When they were both nineteen years old and were in University discounts in Cookbooks you dont want miss. Fitness exhibitions to model and promote their gear best deals on fitness now and. Or debate this issue live on our message boards company but went with he. To your inbox cast of the business although they have been together for many,., as non-executive director garments in his parents garage are the Richest Soccer Players and what is their Worth! And standing there while each one was stamped and sent out across the world, '' said... Bodybuilders at fitness exhibitions to model and promote their gear ' and has never told him to stop couple revealed... Let alone a young entrepreneur who has little to no prior business experience home gym from your favorite.. Hera London, despite its name, email, and website in this for... Family home in Bromsgrove in Cheltenham and was founded by local entrepreneur Ash White in 2015 to the roster... Fitness influencer, Robin Gallant, and the pair made the clothes in the garage of family. On Wikipedia could be accessed on Wikipedia 's Draft Namespace on Wikipedia 's Draft Namespace Wikipedia. 100M fashion label over the next time I comment hit a $ 1.3 valuation. 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