Chip Wilson’s biography, fact, career, awards, net worth & life story

  • Source of Wealth: Businessman (Lululemon Athletica)
  • Marital Status: Married (Shannon Wilson)
  • Full Name: Dennis J. Wilson
  • Nationality: Canadian
  • Date of Birth: 1956
  • Occupation: Founder of Lululemon Athletica
  • Education: University of Calgary
  • Children: 5 (Tag, Tor, JJ, Duke, Brett)

Canadian business magnate Dennis “Chip” Wilson has a net worth of $3.5 billion. He is the founder and former CEO of yoga-inspired apparel company Lululemon Athletica Inc.

Wilson made a bundle selling luxury workout wear: stocks in his yoga-inspired athletic apparel company Lululemon. He started his career with outerwear company Westbeach Snowboard, the first retail apparel company he founded in 1979. It sold apparel targeted at the surf, skate, and snowboard markets. However, he sold the company in 1997 and founded Lululemon a year after.

Chip Wilson opened the first Lululemon store in 2000 in Vancouver. He served as the company’s CEO until 2005 when he  sold a 48% minority stake in the company to private equity firms Advent International and Highland Capital Partners. He took the firm public in 2007 on Canadian and US exchanges. He resigned as non-executive chairman in 2013, and in the same year, blamed Lululemon’s too-sheer pants on women’s body types, causing an uproar among fans. He completely removed himself from the business in 2015. Despite not having management role anymore in Lululemon, he remains its biggest individual shareholder.

Now, Lululemon boasts a cult following and revenues of $700 million from 140 stores and catalog sales. Currently, Wilson is involved in the holding company Hold It All, which has businesses in apparel, real estate and private equity.

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