Bloomberg Billionaires Index

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# 474 Chip Wilson $4.35B

Random fact: Invested in David's Tea chain of stores in 2012.

Overview

Wilson is the founder of Lululemon Athletica, a maker of yoga pants and related sportswear. The Vancouver-based company had revenue of $3.3 billion in the twelve months ending Feb. 3, 2019. Wilson sold half of his stake to private equity firm Advent International in 2014 and stepped down from the board in 2015.

As of :
Last change +$4.42M ( +0.1%)
YTD change +$1.10B ( +34.0%)
Industry Retail
Biggest asset LULU US Equity
Citizenship Canada
Age 64
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Chip Wilson's net worth of $4.35B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Wilson's net worth is derived from his stake in Lululemon Athletica, a publicly traded maker of yoga pants and other sporting apparel.

He owns about 9 percent of the company based on his holding of common stock and exchangeable shares, according to an August 2019 stock exchange filing. He also owns 0.6 percent of Anta, according to a May 2019 stock exchange filing by the Chinese sportswear maker.

His cash holdings are based on an analysis of share sales as well as taxes and market performance.

He also has a residential property in Vancouver valued at $55 million as of July 1, 2018, according to independent property assessment agency British Columbia Assessment Authority.

Wilson’s holding company Hold It All Inc. didn’t immediately respond to an e-mailed request for comment on his net worth.

Biography

Birthdate: 4/25/1955
Family: Married, 5 children
Education: University of Calgary

Wilson was born on April 25, 1955. He grew up in both California and British Columbia, and was competitive as a swimmer and football player. After earning a Bachelor's degree in economics from the University of Calgary, Wilson established Westbeach Snowboard, a maker of surfing, skateboarding and snowboard apparel, in 1980.

He shifted from his role as CEO to focus on product design and production in the early 1990s. He sold WestBeach for $15 million in 1997 and the following year established Lululemon to focus on what he saw was a gap in the market for women's sports apparel that wasn't made out of baggy cotton.

Wilson was criticized for remarks he made in a 2013 Bloomberg television interview about Lululemon yoga pants not ``working'' for some women. He sold half of his stake to private equity firm Advent International in August 2014.

Wilson lives in Vancouver.

Milestones
  • 1955 Dennis Wilson is born. Nicknamed Chip.
  • 1979 Starts Westbeach Snowboard in Calgary.
  • 1998 Founds Lululemon in Vancouver.
  • 2000 First Lululemon store opens in Kitsilano, Vancouver
  • 2005 Wilson steps down as CEO, remains chairman
  • 2012 Wilson resigns as chief innovation and branding officer
  • 2013 Wilson announces he will resign as chairman.
  • 2014 Agrees to sell half of his stake to Advent International for $845 million.