As of October 2021, his net worth was estimated at US$1.8 billion. In an interview with CNBC in April 2017, Plank praised Trump's pro-business agenda, saying that the president was "a real asset" to the country. Under Armours Billionaire Founder Kevin Plank Steps Down After Over Two Decades At The Helm, Tesla Alum's $1 Billion Business; Uber Laying Off 400 Employees; Airbnb Host Evicted And Ordered To Pay $123,000, Kevin Plank, Wilbur Ross & More: The 26 People Who Dropped Off The Forbes 400, Under Armour's Kevin Plank And Intel's Brian Krzanich Follow Ken Frazier And Quit President Trump's Manufacturing Council, Kevin Plank's Trump Praise Leads To A Downgrade For Under Armour Stock, How Under Armour CEO Kevin Plank Went From College Fullback To Billion Dollar Boss, Under Armour Follows Google Playbook To Keep Billionaire Kevin Plank In Control, Under Armour's Kevin Plank Is The Billionaire Underdog, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Hillary Clinton won 60 percent of the vote statewide, and she trounced Trump in Baltimore County and City. His first big team sale was to Georgia Tech. Plank, who started Under Armour in 1996 in his. Remember, Plank recently joined a council alongside Tesla's Elon Musk and others to work with Trump on increasing manufacturing jobs in the United States. [9][10] He was not recruited by the top-tier collegiate football programs. "It was important", Plank said, "that this not just be my decision. The strategy was a success, earning the company the world's largest digital health-and-fitness community, with 150 million users. 2022 Fortune Media IP Limited. [10], However, he went to University of Maryland, College Park and walked onto the team there. Under Armour Unveils Game-Changing SlipSpeed With Collapsible Heel, Did Under Armour Fudge Its Numbers? [52] The project has converted Cole Field House, the school's former basketball arena, into the football facility, a sports medicine center and student entrepreneurship lab. 21 on 50 Most Influential People in Sports Business by, No. Under Stephen Curry agreed Trump was an asset if you removed the last two letters from the word asset. Dwayne Johnson said Plank lacked perspective. Under Armours founder and CEO, Kevin Plank, has been a successful philanthropist as well as an investor. [21][22][23] Many long-term employees questioned Plank's strategy and whether the company would produce a return on their investment. 1 min read Actor Kevin Costner said he was "OK" with losing fans over his. [56] Plank's comments drew criticism on social media. I personally believe that immigration is the foundation of our countrys exceptionalism, wrote Plank. "Loyola's Bell said Under Armour is handling the negative reaction in the best way possible. Misty Copeland, a fellow Under Armour brand ambassador and the first African-American principal dancer at the American Ballet Theatre, also spoke out, saying in an Instagram post, "Those of you who have supported and followed my career know that the one topic I've never backed away from speaking openly about is the importance of diversity and inclusion. Company CEOs are making calculated decisions about the risk of appearing to side for or against the president in a polarized political climate. His mother is a former mayor of Kensington, who went on to direct the Office of Legislative and Intergovernmental Affairs at the United States Department of State under President Ronald Reagan. "We believe that immigration is a source of strength, diversity and innovation for global companies based in America like Under Armour. The panel, focused on developing innovative ways to support American manufacturing, includes top executives from Ford Motor Co., Dell Technologies and Johnson & Johnson. As his friends moved on to play professionally, he would send them T-shirts, requesting that they pass them out to other players in their locker rooms. [40], Plank renovated the former Recreation Pier building in Fells Point, Baltimore. Under Armour eclipsed the $3 billion annual sales mark for the first time last year andovertook Adidas asthe No. "We are incredibly proud of this important first step in the evolution of creating more jobs at home. He will join the board, while Plank transitions to executive chairman and brand chief. As of October 2021, his net worth was estimated at US$1.8 billion. Kevin Plank, a Georgetown Prep graduate, was expelled from the school after he was involved in an alcohol-filled fight. The company's statement aimed to frame Plank's comments as a response to his participation in the manufacturing jobs initiative, not as a personal endorsement, he said. Personal beliefs and opinions. All Rights Reserved. * 21+ (19+ CA-ONT) (18+ NH/WY). It was not to be. Shai Gilgeous-Alexander, Lauri Markkanen, DeAaron Fox, Tyrese Haliburton and Anthony Edwards are all likely to make their first NBA All-Star game appearance, so lets rank them. A total of $24 million has been raised by the foundation since it was founded in 2011. [1] Contents 1 Early life 2 Career Kevin Plank. We engage in policy, not politics. [29], Plank bought the 630-acre historic Sagamore Farm in Baltimore County, Maryland, in 2007. "Just because I might not agree with your side of the story, if you have a good product I'm going to keep buying it. Follow this author to stay notified about their latest stories. A $10 million donation from Baltimore-based business magnate and philanthropist, philanthropist, and Under Armour executive Kevin Plank, announced on Monday, will be used to support CollegeBound. (Photo by Chip Somodevilla/Getty Images), Divided Government And The Way Forward For The Markets, How Negativity Bias Leads To Mistakes In Portfolios, Transforming The Wealth Management Experience For Todays Client, MoneyStamps Of South America - As Investments, Theyre Different Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, "In this case, perception is reality. The decision comes hours after the CEO of pharmaceutical giant Merck announced hed do the same. We have always been committed to developing innovative ways to support and invest in American jobs and manufacturing. 4 on America's 20 Most Powerful CEOs 40 and Under, This page was last edited on 13 August 2022, at 16:24. Make Your Own Push Up Bars At Home: A Simple And Effective Way To Boost Your Strength Training Routine, Pushing Up Changes In Git: A Step-by-Step Guide, Make Your Small Breasts Look Fuller And Perkier: Tips And Tricks For Pushing Up Your Chest, Unlock Your Potential With Push Up Handles: An In-Depth Look At The Benefits And Uses, Push Yourself To The Limit: Simple Steps To Improve Your Push Up Stamina And Maximize Your Workout, Maximizing The Effectiveness And Safety Of The Concentric Phase Of A Push Up. [54], According to the Federal Election Commission, Plank has donated to both major U.S. political parties and to individuals of both parties. Under Armour manufactures footwear, sportswear, and accessories. Kevin Plank started the sportswear company in 1996 while playing football at the University of Maryland. [32] Plank has said he seeks to restore the farm and rejuvenate Maryland's horse racing tradition by raising a Triple Crown winning horse. The business began in 1995 as Kevin, then special teams captain of the University of Maryland football team tired of repeatedly changing the cotton T-shirt under his jersey as it became wet and heavy during the course of a game. And I personally believe that immigration is the foundation of our country's exceptionalism.". [2], Plank married Desiree Guerzon, in 2003. Plank is the man in charge of Under Armour and can choose to say whatever he wants, regardless if his views align with those of each and every one of his employees. [7][9] Afterward, he played football at Fork Union Military Academy for a year, trying to get the attention of NCAA Division I schools. "But Mr. Plank has a company to run, and it sounds like that's what he's doing so I'd encourage investors to focus more on the fundamentals of the business and less on short-lived events such as these. As of October 2021, the net worth of Kevin Audette Plank is estimated to be US$1.8 billion. We have reached out to the brand with some follow-up questions and will update this post if and when they reply. " Through our investment, hiring and in everything we do, we expect to be leaders in the advancement of all forms of diversity and gender.. Meet the 26 who dropped off this year. In the mid 1990s he sold his first shirts from his grandmother's basement, exaggerating to early customers to make the company sound bigger. "Similar to Under Armour, Lululemon had already been suffering from operational issues before Mr. Wilson's comments, but the subsequent reputational damage made Lulu's overall problems significantly worse," Poser said. Kevin Plank, chairman and chief executive officer of Under Armour Inc., speaks during the Women's Wear Daily Apparel/Retail CEO Summit in New York, U.S., on Tuesday, Nov. 10, 2009. In the note, hedowngraded Under Armour from "neutral" to "negative" and took its price target from $24 per share to $14 per share. With a minimum net worth of $2 billion, it is tougher than ever to stay on the Forbes 400. Kevin Plank, a billionaire and philanthropist, is the founder and former CEO of Under Armour, one of the largest sportswear companies in the world. The president has been a problem for Under Armour and its CEO, Kevin Plank, since February. Just because you lose doesnt mean youre done; it doesnt mean youre even wrong, said Costner. SEC Is Investigating And Sends Kevin Plank A Wells Notice. [37] The company had acquired approximately 235 acres in the area[36] and planned to build a mix of offices, residential areas, retail space, parks, boat launches and more. By joining other CEOs in quitting a White House advisory council, he may have hoped his company would finally be free of the controversy. Kevin Plank is an entrepreneur and businessman best known for founding Under Armour, a sports apparel brand. He is a male registered to vote in St Clair County, Michigan. 2003 Kevin Plank/Spouse. [51], In November 2014, Plank pledged $25 million to the University of Maryland to be used for the proposed athletics and academic complex. Plank continued to pile on the praise of Trump's abilities saying, "I'm a big fan of people that operate in the world of 'publish and iterate' versus 'think, think, think, think, think', so there's a lot that I respect there.". He took out a full-page ad in Under Armours hometown newspaper on Feb. 15, hoping to clear up his stance on Trump and immigration. Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. "Under Armour framed its involvement with Trump as focused on the manufacturing initiative, which complements its effort launched in Baltimore last year to test technologies for local production. GQ may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. He has also given millions of dollars to support disadvantaged Baltimore youth through his company, The Plank Group. While Poser doesn't believe that Under Armour is in danger of losing Curry as a brand ambassador, he cites Curry's "pointed" comments as a troubling sign for the company. Under Armor saved a reported $50 million after it backed out of its agreement with MLB to supply uniforms in January 2019. Back in 2012, the future looked rosy to Under Armour CEO Kevin Plank. Offers may be subject to change without notice. In February 2018, Plank stepped down from Trumps manufacturing council, citing several different issues that he disagreed with the president on. However, based on his public statements and actions, it is generally believed that he is a Republican. But he wanted to support her anyways. "Immediately after the interview aired, tweets with #boycottUnderArmour started to appear, citing Plank's comments. (Note: Under Armour currently manufactures virtually all of its products overseas save for a specialty factory in Maryland, used to make custom products for athletes and VIP clientele.) Kevin Plank was recently invited at the request of the President of the United States, to join the American Manufacturing Council as part of a distinguished group of business leaders. [13], While at University of Maryland, Plank launched Cupid's Valentine, a seasonal business selling roses on Valentine's Day. World-renowned athletes like Olympic . [12], His roommate at Maryland was football player and professional wrestler Darren Drozdov. 16 on 50 Most Influential People in Sports Business by, No.
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