Kevin Plank Net Worth is $15.0 Billion (as of 2020)
As for the day, Kevin Plank net worth amounts to $4 billion dollars and this makes him one of the richest men in the world. He is a founder and chief executive manager of Under Armour, an American sports clothing and accessories company with its headquarters in Baltimore, Maryland. It was founded in 1996. When Kevin was just a 23-year-old and by the end of the decade experienced its first big break. It is exactly this company responsible for a major part of the current Kevin Plank net worth.
|Net Worth:||$15.0 Billion|
|Age:||47 years old|
|Date of birth:||Aug 13, 1972|
|Nationality:||United States of America|
You may think that a man who already has some $4 billion can spend his days drinking whiskey on his private exotic island, not thinking about the future or what it may bring – whatever problem would come up, $4 billion should solve it. But the truth is, Kevin‘s days are pretty tense. The billionaire knows that his business must keep bringing money (and a lot of them) not only for himself, but also (and perhaps more importantly) for the stakeholders; the people on Wall Street must also never doubt that Under Armour, his company, has a bright future as a profitable and successful stand-alone business. If he failed to accomplish these tasks, it would not be long before Under Armour would come under siege and perhaps become a target of unfriendly takeover. “You need to put your hands around the throat of your business, and you need to run it,”- as quoted by The Washington post the star said to a group of Auburn students. “There’s no other way.” But this is the current state of affairs – let‘s see how he arrived to this point.
Kevin Plank net worth started to grow when he was still studying at the University of Maryland. Back then the he launched numerous businesses in order to support himself. Perhaps the most successful of these businesses was titled Cupid’s Valentine. By selling roses for Valentine‘s day Plank has managed to save $17 thousand, which he later used as a seed capital to launch United Armour. And how did he come up with an idea for this later company? According to The Men‘s journal, which conducted an interview with the star, he has first started making sports clothes to meet his personal needs: „Sick of sweating through his cotton shirts during practices, Plank bought some synthetic fabric used in women’s lingerie and had a tailor make a series of prototype shirts that would fit tight against the skin and wick away sweat. (…) The first shirt sucked. The second one sucked a little less. The seventh iteration was kind of nice.“. By the year 1997 Plank had $100 thousand in orders to fill and found a factory to make the shirts. Ever since then Kevin Plank net worth has grown at an impressive speed.