The actress reportedly rumbled Buchan and Farzard after they allegedly became close during the filming of the BBC thriller. His love of computing and gyms combined and he created two iPhone fitness apps, Fat Loss Abs Guide and iPhysique. Are you a Midlands manufacturer with a product or project to shout about and a great story to tell? Role . 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. Write your queries in the comments section. Then Covid got in the way and thats been delayed until further notice. By Joe Forte. Life at cooper parry. We are no longer accepting comments on this article. We had amazing people around us who were helping us.'. 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. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects that distinguishes Gymshark from its competitors. 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. In August, Gymshark was valued at 1 billion, after US private equity giant General Atlantic snapped up a 21 per cent stake in his business - making his partner Ben the richest self-made Briton under 30 with a worth of around 650million. It is definitely worth spending a couple of dollars more though. This means that we may include adverts from us and third parties based on our knowledge of you. Something went wrong, please try again later. We will update as and when we get information about Paul Richardsons net worth. Paul Richardson is the owner and executive chairman of Hera Clothing. Creative Commons Attribution-ShareAlike. Filter appointments Filter appointments Current appointments Total number of appointments 8 Date of birth May 1959. In 2015, just three years after founding the company, Gymshark achieved sales of 9m; three years later, while under the wing of a new executive chairman, Paul Richardson, and chief. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. 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). He has a net worth of more than 700 million. Lewis sold his 20 per cent share in Gymshark for 100 million. Then, when he got home, he worked on his next project. Read also:- Jae Woodroffe Wiki, Biography, Your email address will not be published. Company details taken from Companies House. Paul Richardson Limited Aug 2021 - Present1 year 7 months Stratford upon Avon Building up an investment portfolio Investor and Director Kalibre Clothing Aug 2022 - Present7 months Birmingham,. While his net worth is based largely on his NFL earnings, he is also a successful businessman. Carol's mystery man - who she is engaged to - has been revealed today. Deals and discounts in Bakeware you dont want to miss. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. They launched the company when they were both nineteen years old and were in university. . By the time he sold his stake in the company in 2004 [4], AllSaints had expanded to 10 stores across the UK. Find the best deals on Women's Jewelry from your favorite brands. Find the best deals on Fragrance from your favorite brands. "Im proud of my decision, and proud of the team that Im a part of. Sitemap | Terms & Conditions | Privacy Policy & Cookies. [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. 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. Lewis, who is in the process of buying a 1.5m house, is a big gym-goer and has always been passionate about exercise and fitness. He went to a body building expo and showcased his gear. News of the redundancies came as a shock to the business community. Paul Richardsons net worth is based on the size of his Yeezy business. Find the best deals on Small Appliances from your favorite brands. After two exhausting years of this - with annual revenues of his nascent business hitting an impressive 250,000 - Ben quit both university and the world of pizzas to focus on his company.. 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. 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. Deals and discounts in Tablets you dont want to miss. Read on to learn more about Richardsons net worth. Jon Robinson, Senior Digital Staff Writer [10] The company would continue to build on the global foundations laid by Richardson and Hewitt, expanding its presence in the US market the following year with the opening of a new regional headquarters in Denver. Now he has signed a deal with General Atlantic he is targeting taking the Gymshark brand to North America and to the lucrative Asia Pacific market. Shop the best selection of deals on Tools & Utensils now. A company can earn from different criteria. After two years, annual revenues hit an incredible 250,000, so Ben quit uni and pizzas to focus on his company. Save up to 50% on Skin Care when you shop now. . Shop our favorite Women's Shoes finds at great prices. Hes married to Jodi Jones and has two daughters, and their names are never revealed. The list of its authors can be seen in its historical. His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. The businessman said his mum Kim is 'amazingly supportive' and has never told him to stop. Shop our favorite Makeup finds at great prices. Shop the best selection of deals on Cat Supplies now. Sign up to the Gloucestershire / Herefordshire daily newsletter today right here. In 2019, Gymshark made sales of 175.2 million with a profit of 18.6 million. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. As of this writing, Gymshark has an estimated net worth of $1 billion. The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. 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. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. 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'. Find the best deals on More Pets Supplies from your favorite brands. After handing back the role of CEO to Gymshark's founder, Ben Francis, Steve became Executive Chair at Gymshark before stepping back from the business to become a Non-Executive Director in August 2022. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. When an order was placed with him his website would order from a supplier and they would supply the customer. 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. Shop our favorite Bath & Body finds at great prices. Or by navigating to the user icon in the top right. The height of Paul Richardson is around 5 feet 10 inches and he has blonde hair and blue eyes, Paul Richardson weighs around 75 kg. We are not related to the MP Medical University in any ways. Save up to 50% on Trending when you shop now. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. His mother was a heart nurse at the Queen Elizabeth hospital in Birmingham and his grandfather worked at industrial furnaces. 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. Paul Richardson, who is the former chairman of Gymshark and its current executive director, has now purchased Mr Whites share in the business for an undisclosed sum. Lounge Underwear Webcast. The first year of his NFL career, Richardson spent most of the season on the practice squad. His wifes name is Jodi Jones. 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. Gymshark /. It's quite literally your 'rags to riches' story. Do not sell or share my personal information. Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the . Is this going to change the business. Im going to have even more input and control over the future of the business. 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. 'We were two kids running a multi-million pound business and, somehow, doing it well. Richardson has a run various waste management services[1]. Home - Company - Gymshark Net Worth, Ben Francis Net Worth (Updated). Paul Richardson will oversee the brand's growth. Save my name, email, and website in this browser for the next time I comment. Ben Francis built his net worth through his love for business and the fitness industry. The Gloucestershire-based companys new management has plans to turn it into a 100m fashion label. His estimated net worth is $6,5 million. I just wanted to enjoy my life. Save my name, email, and website in this browser for the next time I comment. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window), The Top 5 Nutrient-rich Ingredients In Holle Baby Formula. Im realising right now just how far we have come. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. 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. Moreover, the company makes around 500 million dollars each year on average. In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. The RAC revealed that diesel drivers are still charged an extra 20p over the owners of petrol cars. When we first started we never thought we would be where we are but every year we knew we were bigger and bigger.'. People havent been in this situation before. No comments have so far been submitted. 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. 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. If anything you will see Gymshark is even more agile then ever. And thats why he has enlisted the help of General Atlantic. Required fields are marked *. 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. Get all the stories you love straight to your inbox. The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. We have literally come from hand-stitching a product to being a billion-dollar brand.. 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'. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. Justin Harling - CEO, CAE Technology Services. Shop the best selection of deals on Cameras now. In this episode, we discuss Paul's role with G. education business podcasts management. Mr Francis said his early upbringing was pivotal in his success. 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. Paul Richardson is a British businessman and entrepreneur. President at Novest LLC. Shop the best selection of deals on Laptops now. 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 sportswear company itself is said to be valued at . [17]. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. 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. Find the best deals on Fitness Nutrition from your favorite brands. We use cookies to make your experience better. 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. Jan 10, 2023 Paul. This means that we may include adverts from us and third parties based on our knowledge of you. It. He said: About three weeks ago I was supposed to be getting a one-way flight to Denver, Colorado. 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. Gear is sold direct not through stores which were in decline prior to the coronavirus pandemic and have been hit hard since. Who Are the Richest Soccer Players and What is Their Net Worth? However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. And Paul Richardson, who owned fashion retailer AllSaints and also was MD of Knowaste, a waste management business. Moreover, it will become a truly worldwide brand as a consequence of its new financial deal with General Atlantic. These aspects include designs that really are unique, creative work, and customer-centric approach. He was known locally as being the "business guy" and had a wealth of experience that has helped build Gymshark's strong foundations over the years. He has just signed a multi-million pound deal with American investment firm, General Atlantic, with his increased 70 per cent stake making him a billion dollar man! General Atlantic has bought a 21 per cent stake in the business. Board and Advisor Roles Number of Current Board & Advisor Roles 1 Paul Richardson is the Chairman at Gymshark. The old playbook has been thrown out of the window. Type in the area above to perform a search. Paul Richardson was born in Los Angeles, in April 13, 1992. Theres been a reorganisation. Find the best deals on Kitchen from your favorite brands. Everything thats gone on at Gymshark in the last few months has been possibly the most difficult experience in my entire life, its pushed me to my limit and with that its probably been the most fulfilling experience of my life.. Shop the best selection of deals on Beauty now. Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds and Birmingham. 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. 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. Paul Richardson's net worth is based on the size of his Yeezy business. Ben Francis, from Bromsgrove, is the founder of Solihull-based Sportswear brand Gymshark. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. He listed as many supplements as he could on his website and drop shipped them. In fact, the show was created by Dustin Hurts and Paul Richardson wouldnt have done the show without the other actor. Find the best deals on Women's Handbags & Wallets from your favorite brands. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. October 22, 2021. Save up to 50% on Smart Home when you shop now. It has engaged The Growth Foundation, an e-commerce growth consultancy, to help the brand scale-up and achieve these goals, as well as Fostr a premier Shopify Plus Agency based in the UK.The big question is whether the family trio now at the helm will be able to pull off its growth targets. 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. With a stake of over 70% in Gymshark, Francis' estimated net worth, according to The Telegraph, is somewhere in the region of 700 million. "This is a lot to manage for anyone, let alone a young entrepreneur who has little to no prior business experience. or debate this issue live on our message boards. Helping my family is my biggest achievement.'. Lewis left five years ago but retained a 20 per cent stake. Save up to 50% on Swimwear when you shop now. It's been so important for us to have advisers around us that we can not only trust but that will also tell it like it is and Gateley has certainly proved itself to be one of those. Before launching Gymshark, Francis developed two fitness applications, Fat Loss Abs Guide and iPhysique, which were both listed in the iOS App Store charts.While at university between 2010 to 2013, he worked for Pizza Hut as a delivery boy earning 5 an hour.He gave up six months after launching Gymshark.In 2012, aged 19, he launched Gymshark . Paul says: "My mantra has always been to work really, really hard. How does Gymshark earn money? Nestle has confirmed that it has discontinued Nestle Coffee Mate Light in the UK. Richardson has a home address at 500 SOUTH BUENA VISTA STREET in BURBANK, CA. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. He added: "It was definitely the right decision. It took six weeks to get his first sale. 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. 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. 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. 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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. 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. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects . 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. Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. 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. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. 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In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. The business is currently working with almost 300 charity shops, enabling them to sell premium preloved fashion online. He used the supplement drop selling cash to buy a screen printer and a sewing machine and thats where the brand as we know it really began. ", "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. 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. They have two daughters named Georgia Richardson and Holly Beadle. Last year's Sunday Times Rich List put his worth at 700 million. 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. Copyright 2023 FashionNetwork.com All rights reserved. And the new US office is being finished in Denver, Colorado where Ben was headed with his girlfriend, Robin Gallant, before Covid struck. [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. LEGAL STUFF. The company took an equity growth round from Growth Capital Private Equity firm, General Atlantic and cashed his old business. In 2022, the firm was valued more than 1 billion. He was born in Los Angeles and has twin brothers. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. His nan made curtains and taught him how to sew. 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And has never told him to stop Gymshark while he was studying at Aston University and just... Followers, and customer-centric approach turn it into a 100m fashion label a consequence its... London and joins the board as executive chairman at Gymshark, paul Richardson, All-saints joint owner and executive.... Work really, really hard it well using fitness influencers, who have large social media followers, proud. Getting a one-way flight to Denver, Colorado and they would supply customer! His Gymshark business by working as a shock to the coronavirus pandemic and have been hit hard.. To sew and executive chairman of Gymshark its historical who has little to no prior business experience owned retailer... Done the show was created by Dustin Hurts and paul Richardson, who have large social media followers and...: & quot ; my mantra has always been to work really, really hard for,... The chairman at Gymshark the area above to perform a search, enabling them to sell premium preloved online! After two years, annual revenues hit an incredible 250,000, so Ben quit uni pizzas... Type in the UK the stories you love straight to your inbox and his grandfather at... Been to work really, really hard the stories you love straight to your inbox team that Im a of. Richardson and Holly Beadle the executive chairman at Gymshark Ben Francis in 2012, and! First sale love straight to your inbox be getting a one-way flight Denver... Rags to riches & # x27 ; s role with G. education business podcasts.! & Utensils now estimated net worth through his love of computing and gyms combined and he two! Last year, depending on his level of success in the West Midlands helped, it definitely... And a great story to tell at 500 SOUTH BUENA VISTA Street in BURBANK,.. Started Gymshark while he was studying at Aston University and was just 19 years of.. Them to sell premium preloved fashion online home when you shop now they launched company. Thats why he has enlisted the help of General Atlantic and cashed his old business unique, work! Prior to the coronavirus pandemic and have been hit hard since helping my family is my biggest achievement... Not related to the Gloucestershire / Herefordshire daily newsletter today right here newsletter.