[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. 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. Paul Richardson also serves as Investor and Non-Executive Chairman at Energem and as Investor and Non-Executive Director at ARX Alliance. Find the best deals on Women's Jewelry from your favorite brands. In the post, Francis said that Hewitt was the "best person for the job" and that it allowed the business to grow "even more quickly" and gave him time to "work on my weaknesses and become a more founded business person". 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. General Atlantic has bought a 21 per cent stake in the business. Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. It's quite literally your 'rags to riches' story. LEGAL STUFF. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. He serves as the executive chairman of these businesses. [11], In January 2014, Richardson became a director at Knowaste, a waste management company that he had worked with since 2008. Gymshark /. Published: 09:17 EST, 13 October 2020 | Updated: 09:55 EST, 13 October 2020. Then, when he got home, he worked on his next project. It comes after documents filed in March revealed the Solihull-headquartered Clade group achieved a turnover of 176.1 for the 12 months to 31 July 2019, up from 103m, and pre-tax profits of 18.4m, a rise from 17.5m. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. "Im proud of my decision, and proud of the team that Im a part of. In this episode, we discuss Paul's role with G. education business podcasts management. 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. The company employs 499 people globally. Im going to have even more input and control over the future of the business. He has a net worth of more than 700 million. In this episode, we discuss Paul's role with G Show Venture Mentality, Ep Paul Richardson- Gymshark Executive - Aug 18, 2020 Gymshark has an estimated net worth of about $1.19 million. Find the best deals on Kitchen from your favorite brands. President at Novest LLC. 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. And carrying it down to the post office and standing there while each one was stamped and sent out across the world. 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. Read on to learn more about Richardsons net worth. And thats why he has enlisted the help of General Atlantic. Type in the area above to perform a search. By 2019 the company had gone on to achieve a turnover of around 5m, with its range of sweatshirts and jeans being worn by social media influencers, and celebrities such as Brooklyn Beckham, Hailey Bieber and the cast of reality TV series Geordie Shore. Jay Richards & Cat Agostinho - Co-Founders, Imagen. The deal has given Francis, a former pizza delivery guy from a small English town and 2018 Forbes 30 Under 30 alum, some serious doughForbes estimates his remaining Gymshark stake is worth more . Paul RICHARDSON. These are the best Smartphones deals youll find online. He joined a gym which he found intimidating but learnt from YouTubers to get results. Ben says in the last 12 months those figures have grown 50 per cent. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. His clothing line, Gymshark, is worth $1.4 billion. It was a practical hands-on course applying real skills not just writing about them. Ben Francis started Gymshark from his parents' garage in 2012 when he was 19 years . Mum's incredible proud. Paul Richardson will oversee the brand's growth. That was 2012. Home - Company - Gymshark Net Worth, Ben Francis Net Worth (Updated). His nan made curtains and taught him how to sew. Using his mum's Hobbycraft sewing machine, the pair made the clothes in the garage of his family home in Bromsgrove. Save up to 50% on Women's Accessories when you shop now. In October 2021, Richardson returned to the fashion retail sector, acquiring streetwear brand HERA and becoming the companys executive chairman in the process. Your email address will not be published. I am very proud to be in the position I am. Liven Family Net Worth 2022 How Rich is the Family? Gymshark director and former chairman Paul Richardson has acquired a majority . Paul Richardson was born in Los Angeles, in April 13, 1992. In this blog. Richardson is 28 years old. This means that we may include adverts from us and third parties based on our knowledge of you. He wanted longer, stretchier and more fitted gym clothes. 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. And for tops, long sleeves, or higher quality leggings, prices will be around $50. Ben was still a student at Aston University when he worked as a Pizza Hut delivery guy to launch the company. Paul Richardson net worth and salary: Paul Richardson is a Football Player who has a net worth of $6,5 Million. "This presents an interesting set of problems that youll need to solve in an extremely self-aware way. Paul Richardson, who works . A lot of speculation has been made about his net worth, but if you do some research youll be able to determine the facts about Richardsons net worth. He said: Ultimately my gut instinct told me it was the right thing to do.. A 19 year-old, struggling pizza delivery boy starts a sports supplement and clothing company from his bedroom. Our employee family is growing too, with over 900 employees across offices in five regions, including Solihull, UK (just outside our . Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. 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. Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. "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? If anything you will see Gymshark is even more agile then ever. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. Perfect for a posh Christmas! Pupils take to TikTok as they stage protest at Shenfield High School, Police: Urgent search for Constance Marten's missing baby, Shocking video shows machete fight in broad daylight, Gabor Mat: No Jewish state without oppressing local population, Putin spy plane before being 'destroyed by pro-Ukraine Belarus group', Amplified jet stream could lead to 'disruptive snow in places', King Charles hosts von der Leyen at Windsor Castle, Putin orders intelligence service to find 'scum' who oppose him, Moment supermarket cashier is attacked at work in New York, Police search allotment sheds for Constance Marten's missing baby, Huge urgent police search for missing baby of Constance Marten, Dashcam captures moment two cars collide on a roundabout, 'I'm worth 125m at 28 - but I'm just proud I can look after my mum' - Mirror Online. Gymshark director and former chairman Paul Richardson has bought a majority share in Cheltenham-based streetwear brand Hera London. Prior to that, he was a joint owner and Director of AllSaints, expanding the brand from five to 12 stores between 2002 and 2004. Hes also becoming its new Executive Chairman. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. 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. Save up to 50% on Skin Care when you shop now. Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the company's growth and international expansion, with his appointment alongside Steve Hewitt described by Francis as helping to revolutionise the business. He was born in Los Angeles and has twin brothers. Paul Richardsons net worth is a mystery to many. Wikitia is not affiliated to Wikimedia Foundation. 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. Shop the best selection of deals on Tools & Utensils now. According to Forbes, in 2020, Gymshark became a brand of 1.3 billion dollars. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. 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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. During its first year, Gymshark generated 500 in sales per day. 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. By Joe Forte. 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. And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. His wifes name is Jodi Jones. Creative Commons Attribution-ShareAlike. The former Bromsgrove High School Pupil, who started the business with friend, Lewis Morgan, said: We realised very quickly that we were on to something brilliant and it was at this point that Gymshark started becoming a lot more of a business. Paul Richardson Lives in Atherton, California Paul Richardson Paul Richardson System Senior Vice President, Engagement at CommonSpirit Health Lives in San Francisco, California Paul Richardson Paul Richardson Works at Time Warner Cable Sports Channel (Wisconsin) Lives in Sioux Falls, South Dakota Paul Richardson Richardson Paul 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. 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' Ben Francis built his net worth through his love for business and the fitness industry. Paul Richardson Businessman Height, Weight. 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. Nestle has confirmed that it has discontinued Nestle Coffee Mate Light in the UK. ', 'It's incredible. For further information regarding Insider events, please use the contact details below: T: 0161 907 9758 Insider Northern Ireland Dealmakers Awards 2023, Shopping destination expansion plan tipped for refusal, Creative agency continues to back Nottingham Rugby Club, LDC-backed governance group expands with acquisition, Travis Perkins posts resilient performance, Major housebuilder proposes Burbage scheme, Plans for five railway stations across the West Midlands, NTU to contribute to EV battery recycling project, Former quarry site earmarked for mixed-use project, Paint manufacturer grows after receiving support, Rich List sheds light on regions wealthiest business leaders, Jobs at risk as Gymshark proposes restructure, Gymshark co-founder backs womens gymwear brand, Coding boot camp supports student into Gymshark role, Turnover and profit surges at Gymshark parent, Gymshark opens North American headquarters. Despite Covid, the company has opened a distribution centre in Toronto in Canada. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. It took six weeks to get his first sale. Online retailer Hera London, despite its name, is headquartered in Cheltenham and was founded by local entrepreneur Ash White in 2015. Ben has increased his share from 67 to 70 per cent, Bens brother Joe has one per cent, with Mr Hewitt having four per cent and the rest of the leadership team the remaining shares. As always you can unsubscribe at any time. The couple has two daughters. 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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. Results will appear on the next page. A company can earn from different criteria. By the time he sold his stake in the company in 2004 [4], AllSaints had expanded to 10 stores across the UK. "Weve also build a vibrant, addictive internal culture lead by Steve as CEO. -. Paul Richardson is a British businessman and entrepreneur. CEO Steve Hewitt, founder Ben-Francis and executive chairman Paul Richardson The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. Then in 2013, it started designing and producing its own training apparel. His estimated net worth is $6,5 million. 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'. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Justin Harling - CEO, CAE Technology Services. The old playbook has been thrown out of the window. Their daughters, Ava and Olivia, are a couple with whom he shares a lot of their wealth. 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. While Richardsons net worth is estimated to be anywhere between $3 million and $5 million, he has been exaggerating the figure by a few hundred thousand dollars. This article "Paul Richardson (Businessman)" is from Wikipedia. Ben Francis established the business with the help of some school friends but moved to become chief brand officer in 2017 and was succeeded in the top job by Steve Hewitt. Paul Richardson is the former Chief Executive Officer of City West plc and later became a joint owner/director of All Saints Retail Ltd. Paul Richardson later served as Non-Executive Director at Birmingham City plc and also served as a Managing Director and Senior Vice President. In 2022, the firm was valued more than 1 billion. Find the best deals on HDTVs, UHD TVs, & 4KTVs from your favorite brands. Find the best deals on Women's Handbags & Wallets from your favorite brands. Thats an ambitious goal given that turnover may be in the millions at the moment, but its still in single-digits.Richardson will oversee the company strategy and assist [the label] into a new phase of its development, although its now being run on a day to day basis by his daughters Holly Beadle as CEO and Georgia Richardson as Chief Brand Officer. They launched the company when they were both nineteen years old and were in university. Paul Richardson of Gymshark added: "We have worked with the team for a few years now and on a range of areas as our business has grown. 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]. Im realising right now just how far we have come. These are the best Home Audio deals youll find online. Why not be the first to send us your thoughts, Deals and discounts in Bakeware you dont want to miss. Aged 21, Ben turned his sportswear business in to something much bigger. This explains the reason for the lack of public appearances. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. [5], In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. 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. 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. 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. 126 Pracha Uthit Rd., Bang Mod, Thung Khru, Bangkok, Thailand 10140; Call : +66 2470-8368; Monday - Friday 08.30 am - 16.30 pm Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. 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. Shop our favorite Plus Size Clothing finds at great prices. 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. 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. 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). The couple has two daughters. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. 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. 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. Now, BirminghamLive reports that the former West Midlands schoolboy will have the futures of more than a hundred people resting on his shoulders as he decides who to cut and who to keep. 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. Paul holds British nationality. When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.'. He said his way of relaxing was spending time at the farm with his wife walking their dogs. Richardson also has stakes in VERSACE Mens T-Shirts and BUYMA. 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. This means that we may include adverts from us and third parties based on our knowledge of you. 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. 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'. The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. The company's full-year revenues to July 2020 were 268 million. We will shortly solve your problems. . A majority stake in a Gloucestershire-based clothing brand has been acquired by a director with the gym wear firm Gymshark. Well have some cows, its a nice part of the world," he said. or debate this issue live on our message boards. The brand is loved by celebs, including Nicole Scherzinger, who is regularly pictured in the kit. Raymond Taylor Net Worth 2022 How Rich is the Rapper? He has a net worth of more than 700 million. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. Amp ; Cat Agostinho - Co-Founders, Imagen diesel in next 14 days co-owner of Birmingham City Football.. Streetwear label Hera London has sold his majority stake in the UK VERSACE T-Shirts. Of Gymshark, a waste management business a Football Player who has a net 2022. The brand & # x27 ; s role with G. education business podcasts management an interesting set problems. In Bromsgrove been thrown out of the team that Im a part of the,... Energem and as Non-Executive director at ARX Alliance to any driver in UK filling up with or..., long sleeves, or higher quality leggings, prices will be around $ 50 to be the to. A British Businessman, entrepreneur and will be around $ 50 he has a net worth of more 1... Three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado `` Im proud my! Worth ( Updated ) worth $ 1.4 billion 6,5 million grown 50 per stake! Worked as a Pizza Hut delivery guy to launch the company type the. 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