Gymshark now employs 900 people across the world - including the company's headquarters in Solihull. Lewis and Ben are pictured together. Hera London is being supported in its scale-up by e-commerce consultancy The Growth Foundation and agency Fostr, which works with luxury brands on the Shopify platform. This means that we may include adverts from us and third parties based on our knowledge of you. Gymsharks clothing range started because Ben wasnt happy with what was out there. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. He used a machine and a screen printer for which he put money aside. Theres been a reorganisation. Gymshark was founded in 2012 by two high school friends, Lewis Morgan and Ben Francis. In October 2021, Richardson returned to the fashion retail sector, acquiring streetwear brand HERA and becoming the companys executive chairman in the process. He added: "It was definitely the right decision. 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. Save up to 50% on Maternity Clothing when you shop now. Read on to learn more about Richardsons net worth. 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. Paul Richardson also serves as Investor and Non-Executive Chairman at Energem and as Investor and Non-Executive Director at ARX Alliance. When an order was placed with him his website would order from a supplier and they would supply the customer. T: 0161 907 9743 Gymshark director and former chairman Paul Richardson has acquired a majority . Paul Richardson's net worth is based on the size of his Yeezy business. 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. 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. Jay Richards & Cat Agostinho - Co-Founders, Imagen. For clothing pieces, such as shorts and leggings, the prices are typically between $15 - $30. Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. If you have any problems or questions related to any matter, you may directly contact us at mpmsunews@gmail.com. And the Bromsgrove man has an insatiable desire to grow his business further he wants to take on Nike, Adidas, Puma and make Gymshark a truly global brand. He applied that structure to turning his academic life around. He funded his Gymshark business by working as a pizza guy along with his full-time studies. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. Paul RICHARDSON. He wanted longer, stretchier and more fitted gym clothes. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Sign up to the Gloucestershire / Herefordshire daily newsletter today right here. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. Why not sign up to get the latest South West business news straight to your inbox. Net Worth Calculator Find your Exact Net Worth, Solihull-based producer and marketer of training equipment and accessories. It will mean the demolition of the now-closed Air Balloon pub. Paul Richardson net worth and salary: Paul Richardson is a Football Player who has a net worth of $6,5 Million. "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? Ben started Gymshark while he was studying at Aston University and was just 19 years of age. It took six weeks to get his first sale. Ben took a small margin. 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. Despite Covid, the company has opened a distribution centre in Toronto in Canada. Nestle has confirmed that it has discontinued Nestle Coffee Mate Light in the UK. We are not related to the MP Medical University in any ways. Ex-pizza delivery driver, 28, who started a gym clothing firm from his parents' garage it set to become Britain's richest self-made person under 30 with a business worth more than 1billion Ben. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. 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. Save my name, email, and website in this browser for the next time I comment. Shop the best selection of deals on Beauty now. Type in the area above to perform a search. They launched the company when they were both nineteen years old and were in university. He has taken a completely different approach to selling and it has paid off. 19th Jul 2022, 12:06pm. Deals and discounts in Cookbooks you dont want to miss. 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' Shop our favorite Women's Shoes finds at great prices. Last year's Sunday Times Rich List put his worth at 700 million. 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Wikitia is not affiliated to Wikimedia Foundation. 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. 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. We will update as and when we get information about Paul Richardsons net worth. Something went wrong, please try again later. Paul Richardson may refer to: . In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. Do not sell or share my personal information. Your email address will not be published. MAKING TAX DIGITAL. He went from Ds and Es at GCSE to As and Bs at A-level and that secured him a place on Aston Universitys Business and Management degree course. As of this writing, Gymshark has an estimated net worth of $1 billion. This means that we may include adverts from us and third parties based on our knowledge of you. Why not be the first to send us your thoughts, reviews Gymshark Seamless Shorts for Daily Workout. According to Forbes, in 2020, Gymshark became a brand of 1.3 billion dollars. 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'. Unlike other brands, Gymshark uses plus-size people wearing its clothing. As part of the deal Mr Richardson will become Hera Londons executive chairman, overseeing the companys development strategy, while the business will be run by Mr Richardsons daughters, chief executive Holly Beadle and chief brand officer Georgia Richardson. Shop the best selection of deals on Tools & Utensils now. 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. Armed with a screen printer and sewing machine, he spends his nights hand making clothes and selling them online. The last filed accounts show sales of 176.1 million (231 million dollars) and profits of 18.4 million, to July 2019, but they are 12 months out-of-date. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. Gear is sold direct not through stores which were in decline prior to the coronavirus pandemic and have been hit hard since. The future looks bright for this talented athlete. -. 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? "Weve also build a vibrant, addictive internal culture lead by Steve as CEO. At the time Steve was working as an agent working between European suppliers and businesses. 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. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects that distinguishes Gymshark from its competitors. Gymshark was spawned from Mr Francis's personal desire for comfortable, stretchy fitness gear which fitted people of all sizes. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. He has a net worth of more than 700 million. Paul Richardson's salary as a Football Player is between $1 million to $5 million. ', 'It's incredible. His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. I think growing up in the West Midlands helped, it was fairly chill. He said as a child he was "skinny and slight" and that had made him go to the gym to build muscle, and that's where he came up with the idea for Gymshark. He listed as many supplements as he could on his website and drop shipped them. Deals and discounts in Bakeware you dont want to miss. He brought in two experienced businessmen Steve Hewitt, who had been the commercial director at Reebok Europe. Save up to 50% on Pets when you shop now. Loose Women star, who welcomed Belle earlier this month and Rose on her 32nd birthday last October, posted the adorable snap on Instagram. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. 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. Find the best deals on HDTVs, UHD TVs, & 4KTVs from your favorite brands. A university close to his favourite football team, Aston Villa! 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