Kevin Plank is a millionaire businessman and philanthropist from the United States. Kevin Plank is the founder, CEO, and chairman of ‘Under Armour,’ a well-known sportswear, footwear, and accessories company.

What is the estimated Net Worth of Kevin Plank ?

Kevin Plank has amassed a substantial fortune as a successful businessman and the company’s largest individual shareholder. In addition, as of September 2019, he has a net worth of $1.7 billion.

Childhood and Early Years

Kevin Plank will be 48 years old in 2020. He was born in Kensington, Maryland, on August 13, 1972. Kevin A. Plank is his given name. He is a citizen of the United States. William Plank, his father, was a well-known Maryland estate developer. Jayne Harper Plank, his mother, is a former mayor of Kensington. In addition, he is the family’s youngest sibling, with four older brothers.

Plank dropped out of Georgetown Preparatory School, a Catholic school, due to his behavioral troubles and poor academic performance. He graduated from St. John’s College High School in 1990. After that, he began playing football in the hopes of being recruited by NCAA Division I institutions, but he was unsuccessful. Despite this, he earned a Bachelor of Business Administration from the University of Maryland, College Park in 1996.

Professional  life and career

Kevin claims that when playing football for the Maryland Terrapins, he was “the sweatiest guy on the pitch,” which inspired him to create Under Armour. This concept motivated him to seek out something that would absorb his sweat.

Similarly, Plank started Cupid’s Valentine, which earned him $3000, which he used to start Under Armour. He began his firm after graduation with a combination of his own money, credit cards, and a small business administration loan. He began his business in his grandmother’s basement in Washington, D.C.

Similarly, he mailed the jerseys to his professional football acquaintances, urging them to distribute them in the locker rooms. From his automobile, he sold his first Under Armour shirt #0037. By the end of 1996, Plank had sold 500 Under Armour Heat Gear shirts for $17,000, resulting in $1 million in direct sales, and teams began to acquire the clothing.

In 2010, Under Armour’s revenue surpassed $1 billion. For $475 million, Under Armour purchased two fitness apps, ‘My Fitness Pal’ and ‘Endomondo.’ He aspired to build a company that would compete with Google, Apple, and Forbid. In 2016, the firm introduced a new non-performance men’s and women’s wear brand.

Furthermore, Kevin has a net worth of $2.1 billion and employs over 11,000 people at Under Armour as of now.

Awards and nominations

In the year 2003, he was ranked number 24 on Sport’s Illustrated’s list of the ‘Most Powerful People in Sports.’ In the same year, he was ranked fourth among America’s 20 Most Powerful CEOs 40 and Under. ‘Sporting Goods Industry Hall of Famer,’ ‘Most Creative People in Business by Fast Company,’ and ‘Achiever of the Year by Success Magazine,’ are among his other accomplishments.

Relationship status

Kevin has been married to Desiree Jacqueline Guerzon, an American CEO, businesswoman, and professional nurse, since 2003. Kevin James Plank, the eldest, and Katherine Plank, the youngest, are the couple’s two children.

Though there were reports that he was having an affair with Stephanie Ruhle, he now appears to be a family man.

Scandal

Rumors circulated that he was having an affair with Stephanie Ruhle. She was a news anchor for MSNBC. Kevin and Stephanie used to take his own plane over to visit. Under Armour staff suspected there was something going on between billionaire CEO Kevin Plank and MSNBC host Stephanie Ruhle.

Additionally, when Plank used the company’s own plane for personal purposes, there were some claims made. He was also named to the ‘Worst CEOs’ list after Under Armour’s stock dropped 45 percent and the firm recorded losses for two consecutive quarters as it battled tough competition.

Social Media and Body Measurement

Kevin is 6 feet 1 inch tall and weighs approximately 77 kilos. Likewise, his hair is black, and his eyes are a light brown tone. His height, weight, shoe size, and dress size are all unknown.

Plank is a well-known Instagram user with 90.3 thousand followers, although he is not active on other social media platforms such as Facebook or Twitter.

More Facts of Kevin Plank