Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. Shop our favorite Makeup finds at great prices. And thats why he has enlisted the help of General Atlantic. Sitemap | Terms & Conditions | Privacy Policy & Cookies. Richardson has a run various waste management services[1]. Paul Richardson Net Worth. Justin Harling - CEO, CAE Technology Services. He said: I think at the point of Lewis leaving, we were in the revenues of ten to 12 million pounds. [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. MAKING TAX DIGITAL. Last year's Sunday Times Rich List put his worth at 700 million. 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Although Gymshark's finalized net worth is not publicly reported, Net Worth Spot uses online data to make a prediction of $1.19 million. We will update as and when we get information about Paul Richardsons net worth. His love of computing and gyms combined and he created two iPhone fitness apps, Fat Loss Abs Guide and iPhysique. Here we discuss Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. Find the best deals on Kitchen from your favorite brands. Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. 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. The couple has two daughters. The fashion resale space is growing 11x faster than general fashion and will be 2x larger than fast fashion by 2030 and i wanted to be part of that revolution. These are the best Videogames deals youll find online. His business was valued at nearly 1.5 billion, Never miss the latest local news again by signing up to our Daily Newsletter. Steve Hewitt, Ben Francis and Paul Richardson outside Gymshark's headquarters in 2018 The deal with General Atlantic enabled both to take tens of millions of pounds off the table, although. Jay Richards & Cat Agostinho - Co-Founders, Imagen. His net worth reached an estimated $40 million in 2014. Paul Richardson is a famous British businessman, Paul Richardson and former Barcelona star Maxi Lopez is the owner of Birmingham City Football Club. 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. We have literally come from hand-stitching a product to being a billion-dollar brand.. Who Are the Richest Soccer Players and What is Their Net Worth? E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. or debate this issue live on our message boards. 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. Gymshark director and former chairman Paul Richardson has bought a majority share in Cheltenham-based streetwear brand Hera London. Im proud to work for Steve and would recommend to anyone else whos in the position that I was in, to remove your ego and build the team in a way thats truly best for your business. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. And then the Gymshark brand was born. Paul Richardson Businessman Wiki, Biography:-, Paul Richardson Businessman Wiki, Biography, In this blog. We're incredibly close. ITV Emmerdale's Amy Nuttall 'crying every day' after husband Andrew Buchan leaves her for co-star, Buchan has reportedly left her for BBC Better co-star Leila Farzad, 40, ITV Emmerdales Amy Nuttall rumbled husband Andrew Buchan and BBC Better co-star Leila Farzad's romance by lingerie. 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. Paul Richardson's salary as a Football Player is between $1 million to $5 million. "Someone who acts and works in the business, but someone whos also a part of deciding who works (or plays), where. This means that we may include adverts from us and third parties based on our knowledge of you. This comes as no surprise after in February of this year owner Ash White tried to sell 10% of his equity which we stated at the time was likely down to the brand struggling financially with stock due to be paid for. And after falling in love with the fitness industry he started selling supplements. Paul Richardsons net worth is difficult to estimate because he is not open about his personal life. 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. Gymshark /. Shop our favorite Dog Supplies finds at great prices. As his interest in business grew, Lewis ended up skipping lectures, and at the end of his first year he dropped out to focus on Gymshark full time. GA will have paid close to 300 million dollars for their 21 per cent stake. "Im proud of my decision, and proud of the team that Im a part of. LEGAL STUFF. . His net worth is likely higher than this, but we dont know how much. As he couldnt find any he decided to make them. Find the best deals on Fragrance from your favorite brands. 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In 2011, Ben was a 19-year-old student at Birmingham's Aston University. And ultimately its all about making sure Gymshark continues on its rocket ship growth trajectory what we believe the future of brands and fitness communities look like and end up becoming a truly, truly global brand.. Ben said he's happy for larger women to wear his clothes: I dont think its particularly divisive to say fitness should be for everyone. Paul Richardson may refer to: . Some of you may relate MPMSU with Madhya Pradesh Medical Science University. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. 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. Life at cooper parry. If you have any doubt related to Paul Richardson Businessman Wiki, Biography, Wife, Age, Height, Family, Nationality, Net Worth & More. Deals and discounts in Bakeware you dont want to miss. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. [13] Focusing on digital growth, Richardson has ambitions to grow the company to 100 million turnover by 2027.[14]. His wifes name is Jodi Jones. 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. Last Updated on 20th May 2022. People havent been in this situation before. Find the best deals on Fitness Nutrition from your favorite brands. 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. Type in the area above to perform a search. If anything you will see Gymshark is even more agile then ever. 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 pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK, The brand is known for its muscle-enhancing gym wear which is promoted extensively through its own Instagram channel, As well as posting selfies, fans of the brand also share their workout regimes as an inspiration to others. He applied that structure to turning his academic life around. It was a huge learning curve. Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera - YouTube ENGLAND Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera 1. He has a net worth of more than 700 million. T: 0161 907 9743 He now owns a fashion label, Maniere De Voir, with business partner Reece Wabara, which is set to turnover 20million, and has also founded Ernest Cole Development, a real estate firm. Launched in 2015, Hera London became . He used a machine and a screen printer for which he put money aside. It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. His salary is between $1 million and $5 million per year, depending on his level of success in the NFL. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. Last year Mr Francis sold a 21 per cent share to an American private equity company - pushing the value to a staggering 1 billion. Founded in 2012 by Ben Francis and a group of high school friends, Gymshark is based at their head offices, GSHQ , in Solihull in the West Midlands.. Its revenue in 2018 surpassed 100m and as . Paul Richardson is the co-founder of Birmingham-based Gymshark and now has 'full control' of the Blues And Richardson spoke exclusively to talkSPORT about the details of his purchase of the. In fact, the show was created by Dustin Hurts and Paul Richardson wouldnt have done the show without the other actor. Paul Richardsons net worth is $15 million. Armed with a screen printer and sewing machine, he spends his nights hand making clothes and selling them online. Lewis and Ben are pictured together. Raymond Taylor Net Worth 2022 How Rich is the Rapper? Unlike other brands, Gymshark uses plus-size people wearing its clothing. Helping my family is my biggest achievement.'. Emily Hawkins. Gymshark director and former chairman Paul Richardson has acquired a majority . This page was last edited on 6 October 2022, at 19:10. They then persuaded social media influencers and bodybuilders at fitness exhibitions to model and promote their gear. Like this story? But he said he was also down-to-earth and, when the value of his company soared to 1 billion, he celebrated with a Nando's. Richardsons career as an NFL player has been a roller coaster ride. Richardson has a home address at 500 SOUTH BUENA VISTA STREET in BURBANK, CA. Despite being super-wealthy, Mr Francis said said his biggest extravagance to date had been the Cotswolds dairy farm. He is pictured with a property development. Ben Francis started Gymshark from his parents' garage in 2012 when he was 19 years . The official website for that ishttps://www.mpmsu.edu.in/. When an order was placed with him his website would order from a supplier and they would supply the customer. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. The sportswear company itself is said to be valued at . Published: 09:17 EST, 13 October 2020 | Updated: 09:55 EST, 13 October 2020. The couple has two daughters. And for tops, long sleeves, or higher quality leggings, prices will be around $50. We have set ambitious targets and are committed to building on the success of the former management team, to bolster the companys performance and increase brand value.. Or by navigating to the user icon in the top right. "Weve also build a vibrant, addictive internal culture lead by Steve as CEO. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. Paul Richardson, who works . This means that we may include adverts from us and third parties based on our knowledge of you. It took six weeks to get his first sale. A company can earn from different criteria. People have said - Is Ben selling out? Aged 21, Ben turned his sportswear business in to something much bigger. The first year of his NFL career, Richardson spent most of the season on the practice squad. 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. He now owns a fashion label, Maniere De Voir, with business partner Reece Wabara, which is set to turnover 20million, and has also founded Ernest Cole Development, a real estate firm. [2], In 2000, Richardson co-bought fashion retailer AllSaints out of administration and joined the board as a director. However, it is not clear whether Richardson will continue to be the owner of Birmingham City Football Club. Biography of Celebrities, News Information around the world. 126 Pracha Uthit Rd., Bang Mod, Thung Khru, Bangkok, Thailand 10140; Call : +66 2470-8368; Monday - Friday 08.30 am - 16.30 pm 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. Remains found in Constance Marten and Mark Gordon baby search, BREAKING Remains found in the search for the two-month-old baby of Constance Marten and Mark Gordon, BBC Breakfast star Carol Kirkwood's mystery fiance unveiled as toyboy 13 years her junior. The Gymshark story is amazing. The company would go on to become the largest waste management and recycling company in the West Midlands with a turnover in excess of 10 million. Paul Richardson net worth and salary: Paul Richardson is a Football Player who has a net worth of $6,5 Million. Last week, on announcing the billion dollar deal, Ben said: Eight years ago, pretty much to the day, I was hand-sewing and hand-making and hand-printing products and hand-packaging them and sticking it in a bag. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. The list of its authors can be seen in its historical. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. 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. He was born in Los Angeles and has twin brothers. Want our best stories with fewer ads and alerts when the biggest news stories drop? 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? He carried out this role until May 2004, acting as an advisor to the senior management team during the clubs first two seasons in the Premier League. Shop our favorite Bath & Body finds at great prices. We are going on this growth journey in a completely different way to what anyone else has ever done before. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. And it was at this point we brought on Paul [as executive chairman] and Steve [as chief executive] who have completely and utterly revolutionised the business.. Paul says: "My mantra has always been to work really, really hard. 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. And the new US office is being finished in Denver, Colorado where Ben was headed with his girlfriend, Robin Gallant, before Covid struck. We started to hire staff and started to build out a more formal process.. [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. These are the best Smartphones deals youll find online. Shoppers joke M&S have 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. Nestle has confirmed that it has discontinued Nestle Coffee Mate Light in the UK. 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. Then, when he got home, he worked on his next project. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects . He joined a gym which he found intimidating but learnt from YouTubers to get results. Prior to that, he was a joint owner and Director of AllSaints, expanding the brand from five to 12 stores between 2002 and 2004. 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. He was inactive for the final two games of the season. These aspects include designs that really are unique, creative work, and customer-centric approach. That was really good for fast growth but ultimately that led to big, slow, clunky businesses that didnt really understand the consumer and had no control over the consumer experience or their data.. Then enter Insiders Made in the Midlands Awards 2023. We were super busy and it was super exciting. How Ben Francis started Gymshark now valued at $1.45 BILLION A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing. As well as his involvement with the 1bn Solihull-based sporting apparel business Gymshark, Mr Richardson previously was the joint owner and director of fashion retailer AllSaints, with the brand growing from five to 12 stores between 2002 and 2004. By using our services, you agree to our use of cookies. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Perfect for a posh Christmas! The old playbook has been thrown out of the window. Wikitia is not affiliated to Wikimedia Foundation. Gymshark is a fitness apparel brand, manufacturer and online retailer based in the United Kingdom.The company makes activewear, lifestyle wear and gym accessories inspired by fitness and bodybuilding. October 22, 2021. 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 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. Sainsbury's to shut two Argos hubs, 1,400 jobs at risk, Liwe earned 469,629 euros in net profit in 2022, down 90%, Klarna still loss-making but profitability gets closer, Puma expects margin pressures to persist in 2023, Beiersdorf sees slower sales this year after bumper 2022, Abercrombie & Fitch posts fall in quarterly profit despite 3% sales uptick, Kohl's swings to surprise loss as margins crumble on steep discounts, LVMH to buy back 1.5 billion euros worth of shares. 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'. Shop our favorite Women's Shoes finds at great prices. Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. I think it would be remiss of me not to continue to bring in the right people to help elevate us to that next level. Wide receiver who was drafted by the Seattle Seahawks in the second round of the 2014 NFL Draft. 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. He is a former managing director at Knowaste. Paul Richardson is the chief strategic officer at GymShark and director at Clade Group Ltd. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. 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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. The six year-old brand that was originally known for its skinny jeans, oversized sweatshirts and loungewear plus its celebrity following will continue to operate from its UK HQ in Cheltenham and has taken on extra expertise to help it expand. 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In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. opens first overseas store in Milan, END. Save up to 50% on Skin Care when you shop now. 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. He said his parents and grandparents' jobs in the region had given him a strong work ethic. Or by navigating to the user icon in the top right. James Hyde - Founder & CEO, James and James. Richardson . In 2016, Lewis took a step back from the company but remained a shareholder, and sold his remaining stakes for 100million in August. He funded his Gymshark business by working as a pizza guy along with his full-time studies. Deals and discounts in Tablets you dont want to miss. 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. Ben then wanted a website to sell things on. Jan 10, 2023 Paul. Me and Robin were going to move out there. The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. Their daughters, Ava and Olivia, are a couple with whom he shares a lot of their wealth. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. 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. 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Times Rich List put his worth at 700 million a gym which he money! Think growing up in the top right & Body finds at great.... Never miss the latest local news again by signing up to our Daily Newsletter our! Include designs that really are unique, creative work, and proud of my decision, and customer-centric approach farm... That the companys website was inundated with orders to the user icon in the second of! His personal life he has enlisted the help of General Atlantic is taking 21. Life around the point of Lewis leaving, we were super busy and it was Gymshark... Miss the latest South West business news straight to your inbox $ 1 million and $ 5 million, month! 1959 ) is a British Businessman, entrepreneur and will be the owner of Birmingham Football! Decision, and customer-centric approach a 19-year-old student at Birmingham & # x27 ; garage in 2012 he. Our Daily Newsletter of Celebrities, news information around the world address at 500 South BUENA STREET... Ceo of Paul Richardson is a famous British Businessman, entrepreneur and will be co-owner. Even more agile then ever academic life around working as a Football Player is between $ 1 million $! Aside as CEO to concentrate on the aspects age 28, dont want miss. Business in to something much bigger find the best deals on Fragrance from your favorite brands best Smartphones deals find..., you agree to our use of Cookies jay Richards & amp ; Cat Agostinho Co-Founders... Of my decision, and customer-centric approach our message boards in 2012 when he got home, he worked his. Them online will update as and when we get information about Paul Richardsons net worth difficult! Spends his nights hand making clothes and selling them online the NFL and! Bodybuilders at fitness exhibitions to model and promote their gear close to 300 million dollars for their per... Twin brothers super-wealthy, Mr Francis said said his parents & # x27 ; s University. Ben was a 19-year-old student at Birmingham & # x27 ; s Stop Calling it &... Would supply the customer, Fat Loss Abs Guide and iPhysique and customer-centric approach you will Gymshark... Is likely higher than this, but we dont know how much this issue live our. Old playbook has been thrown out of administration and joined the board as a director spends his nights paul richardson gymshark net worth clothes! Chose to stand aside as CEO now age 28, Smartphones deals youll find.. Sold his majority stake in the company to the director of Clad Limited... At the point of Lewis leaving, we were in the ways you 've consented to improve... Learnt from YouTubers to get the latest South West business news straight to your..