His father played in the NFL with the Philadelphia Eagles. Lewis Morgan, 28, and his friend Ben Francis, from Bromsgrove, Worcestershire, set up Gymshark when they were teenagers and studying business at Worcester University and Aston University in Birmingham. Last year's Sunday Times Rich List put his worth at 700 million. He graduated from high school with honors. "This presents an interesting set of problems that youll need to solve in an extremely self-aware way. 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. Hera aims to grow into a 100 million label over the next three to five years. We use cookies to make your experience better. 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. Shop the best selection of deals on Cameras now. Like many of the young and rich do, he has joined the Cotswolds Set of wealthy and famous people making the rural regions of Gloucestershire their home. A 28-year-old former pizza delivery boy has done a deal which values his sportswear company at more than 1bn. 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. His net worth reached an estimated $40 million in 2014. Gymshark now employs 900 people across the world - including the company's headquarters in Solihull. 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. Carol's mystery man - who she is engaged to - has been revealed today. LANDLORD. Richardson also has stakes in VERSACE Mens T-Shirts and BUYMA. Moreover, it will become a truly worldwide brand as a consequence of its new financial deal with General Atlantic. Shop our favorite Bath & Body finds at great prices. These are the best Fashion deals youll find online. We were super busy and it was super exciting. 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. Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. He is pictured with a property development. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. Gymshark' sells its products directly to consumers in 180 countries via websites in 13 languages. 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. 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The new management structure is aiming to grow the company into a 100m fashion label over the next three to five years. 19th Jul 2022, 12:06pm. Gymshark /. Richardson has taken the position of executive chairman in the company, which has announced plans to grow into a 100m fashion label over the next three to five years. In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. [9], In 2020, Richardson and two other shareholders sold 21% of their Gymshark stake to General Atlantic for around 250 million. In 2022, the firm was valued more than 1 billion. Paul Richardson net worth and salary: Paul Richardson is a Football Player who has a net worth of $6,5 Million. 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. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. Gta 5 Net Worth 2022; Development, Controversial Issues and Awards, Lexie Spiranac Net Worth 2022; Biography, Wiki, Career (Updated). He has a net worth of more than 700 million. Gymshark director and former chairman Paul Richardson has bought a majority share in Cheltenham-based streetwear brand Hera London. Who Are the Richest Soccer Players and What is Their Net Worth? We're incredibly close. 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. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. Paul Richardson is the owner and executive chairman of Hera Clothing. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. Biography of Celebrities, News Information around the world. Gymshark started out as a supplement firm, selling out bodybuilding items through their website. He is currently a non-executive director of various companies as well as Owner and Executive Chairman of HERA Clothing. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. 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. Find the best deals on Women's Handbags & Wallets from your favorite brands. . We have literally come from hand-stitching a product to being a billion-dollar brand.. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. News of the redundancies came as a shock to the business community. The Gloucestershire-based companys new management has plans to turn it into a 100m fashion label. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . 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. 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. Me and Robin were going to move out there. Ben Francis built his net worth through his love for business and the fitness industry. opens first overseas store in Milan, END. Medicaid to cut 14 MILLION Americans from health coverage as states crack down on eligibility for the first time in three years after numbers soared during COVID - so are you at risk? Armed with a screen printer and sewing machine, he spends his nights hand making clothes and selling them online. 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. As he couldnt find any he decided to make them. Gymshark Net Worth, Ben Francis Net Worth (Updated), Pair Of Thieves Net Worth, Overview, History (Updated), Domics Net Worth, Biography, Wiki, Career (Updated), 637Godwin Net Worth, Biography, Wiki, Songs (Updated), 19 Things You Didnt Know Billionaires Were Ruining, Minecraft Net Worth 2023; Founder, History, Stats (Updated), Michel Le Net Worth 2023; Biography, Wiki, Career (Updated), Wall Street Trapper Net Worth, Biography, Wiki (Updated). Francis first stitched the garments in his parents garage. If you have any doubt related to. Paul Richardson Net Worth. While his net worth is based largely on his NFL earnings, he is also a successful businessman. The brand,. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. In his time at Knowaste, Richardson evolved the business model and brought AHP recycling to the market with the development of the first commercial AHP recycling facilities in the UK.[12]. But, let us make it clear already. 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, especially his mum Kim (pictured together). . Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. But Gymshark grew and grew. We are no longer accepting comments on this article. Shop our favorite Dog Supplies finds at great prices. Paul Richardson's salary as a Football Player is between $1 million to $5 million. The sportswear company itself is said to be valued at . The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. They have two daughters named Georgia Richardson and Holly Beadle. Find the best deals on Fragrance from your favorite brands. It's quite literally your 'rags to riches' story. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. Are you a Midlands manufacturer with a product or project to shout about and a great story to tell? His estimated net worth is $6,5 million. 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'. Paul Richardson, who is the former chairman of Gymshark and its current executive director, has now purchased Mr White's share in the business for an undisclosed sum. A majority stake in a Gloucestershire-based clothing brand has been acquired by a director with the gym wear firm Gymshark. Or by navigating to the user icon in the top right. Download our app on iPhone or Android. The future looks bright for this talented athlete. As of this writing, Gymshark has an estimated net worth of $1 billion. Using his mum's Hobbycraft sewing machine, the pair made the clothes in the garage of his family home in Bromsgrove. It went from a garage to the Moons Moat Industrial Estate in Redditch in 2016 and then to its present headquarters at the Blythe Valley Park in Solihull in 2018. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. He has credited his work ethic to his dad, who worked in Redditch for telecoms group AT&T. I just wanted to enjoy my life. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. Gymshark - Worth the Money. That was really good for fast growth but ultimately that led to big, slow, clunky businesses that didnt really understand the consumer and had no control over the consumer experience or their data.. Find the best deals on Small Appliances from your favorite brands. 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. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. Richardsons career as an NFL player has been a roller coaster ride. Save up to 50% on Maternity Clothing when you shop now. It. City Waste was sold to SITA in 2002 for an eight figure sum. In high school, Richardson was a star athlete. Paul Richardson Businessman Height, Weight. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. During its first year, Gymshark generated 500 in sales per day. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. Paul Richardson will oversee the brand's growth. Gymshark posted 176.1 million sales last year with 18.4 million pre-tax profits, reports the Sunday Times, but Ben wants to close the gap between sportswear giants like Nike, Adidas and Puma. 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. Paul RICHARDSON. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. Sitemap | Terms & Conditions | Privacy Policy & Cookies. An. General Atlantic has bought a 21 per cent stake in the business. Paul holds British nationality. Published: 09:17 EST, 13 October 2020 | Updated: 09:55 EST, 13 October 2020. Working on Gymshark while living at his parents house, Lewis had a job as a potwash and a retail assistant in Burton while studying, which he describes as 'four years of mayhem'. Moreover, the company makes around 500 million dollars each year on average. 126 Pracha Uthit Rd., Bang Mod, Thung Khru, Bangkok, Thailand 10140; Call : +66 2470-8368; Monday - Friday 08.30 am - 16.30 pm He has taken a completely different approach to selling and it has paid off. Gymshark is a fitness apparel brand, manufacturer and online retailer based in the United Kingdom.The company makes activewear, lifestyle wear and gym accessories inspired by fitness and bodybuilding. 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. 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. 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. That was 2012. If you have any problems or questions related to any matter, you may directly contact us at mpmsunews@gmail.com. Save up to 50% on Smart Home when you shop now. LEGAL STUFF. Save up to 50% on Women's Clothing when you shop now. Paul Richardson may refer to: . Ben Francis, from Bromsgrove, is the founder of Solihull-based Sportswear brand Gymshark. He joined a gym which he found intimidating but learnt from YouTubers to get results. We will shortly solve your problems. Find the best deals on More Pets Supplies from your favorite brands. The company would go on to become the largest waste management and recycling company in the West Midlands with a turnover in excess of 10 million. GA will have paid close to 300 million dollars for their 21 per cent stake. I felt like the clothes were just not right for me and ultimately thats where we have ended up going off and making our own clothes sand thats how Gymshark started.. MAKING TAX DIGITAL. Ben says in the last 12 months those figures have grown 50 per cent. -. Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. 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.. 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. Francis, in a recent blog post on his personal website, has written for the first time about the reasons why he made the decision. That's an ambitious goal given that turnover may be in the millions at the moment, but it's still in single-digits. A company can earn from different criteria. 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. He said: Ultimately my gut instinct told me it was the right thing to do.. We started to hire staff and started to build out a more formal process.. ", "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. When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.'. With a stake of over 70% in Gymshark, Francis' estimated net worth, according to The Telegraph, is somewhere in the region of 700 million. Their claim to fame? Just last month, Ben announced that Gymshark is worth $1.45B. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. Im going to have even more input and control over the future of the business. Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds. Save my name, email, and website in this browser for the next time I comment. He applied that structure to turning his academic life around. Save up to 50% on Women's Accessories when you shop now. His clothing line, Gymshark, is worth $1.4 billion. It was a huge learning curve. Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the . 'We were fed and we were given a free space to work. Gymshark was spawned from Mr Francis's personal desire for comfortable, stretchy fitness gear which fitted people of all sizes. 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. 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. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. A university close to his favourite football team, Aston Villa! E: jon.robinson@newsco.com, Craig Dorham, Business Development Manager 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). Contents 1 Early life 2 AllSaints 3 Gymshark 4 Other ventures 5 Birmingham City Football Club 6 References Filter appointments Filter appointments Current appointments Total number of appointments 8 Date of birth May 1959. His contract was extended through the 1994 season. The consortium were reportedly competing. October 22, 2021. If you have any doubt related to Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Is this going to change the business. His net worth is likely higher than this, but we dont know how much. Trump rages at Mark Zuckerberg amid claims group linked to Facebook boss gave $2 million to Georgia elections board - and says Dems are 'trying to steal a SECOND election'. I think it would be remiss of me not to continue to bring in the right people to help elevate us to that next level. President at Novest LLC. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. 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The first year of his NFL career, Richardson spent most of the season on the practice squad. 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. [8] The deal saw Gymsharks valuation surpass 1 billion, with the company becoming only the second in the UK to achieve unicorn status with no prior funding or investment. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. City Waste was sold to SITA in 2002 for an eight figure sum his sportswear company more. Its first year, he married stunning Canadian fitness influencer, Robin Gallant, and website in browser... Hobbycraft sewing machine, the firm was valued more than 1 billion Height, family Nationality... 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