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Lululemon founder Chip Wilson's $6.1 billion wealth in divorce focus
Livemint··7 Sept
Lululemon founder Chip Wilson's estimated $6.1 billion net worth faces scrutiny as he divorces wife Shannon Wilson after 20 years without a prenuptial agreement. Wilson holds roughly 18% of Amer Sports, valued at nearly $3 billion, and about 8.6% of Lululemon worth close to $1 billion. He founded Lululemon in Vancouver in 2000 and exited the business in 2015.
Prism
What It Means For You
- The couple filed family proceedings in British Columbia Supreme Court.
- Shannon Wilson holds roughly 1% of Lululemon, worth about $100 million.
- Wilson stepped down as Lululemon chairman in 2013 before fully exiting in 2015.
What's Happening
- Wilson opened the first Lululemon store in Vancouver in 2000 and took the company public in 2007.
- His wealth is managed through family holding company Hold It All.
- Amer Sports owns brands including Arc'teryx, Salomon and Wilson Sporting Goods.
Wilson family holdings under divorce proceedings
- Wilson's stake in athleticwear firms
- He remains one of Lululemon's largest individual shareholders despite no management role.
- Bloomberg estimated his net worth at $6.1 billion.
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