⬅ # 579 Janice McNair|# 581 Samuel Yin

# 580 Chip Wilson 

$5.53B

Real Time Net Worth
as of 5/29/2024
$3.9M (0.07%)

# 580 Chip Wilson 

$5.53B

Real Time Net Worth
as of 5/29/2024
$3.9M (0.07%)
OccupationChair, Lululemon
Source of WealthLululemon
Age67
ResidenceVancouver, Canada
Marital StatusMarried
Children5
EducationBS, University of Calgary
Age-Adjusted Net Worth$3.44B
Chip Wilson
Chip Wilson
Canada
Net worth: $5.53B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Dennis J. 'Chip' Wilson was born on April 25, 1955, in San Diego, California.
In 1980, he graduated with a bachelor's degree in economics from the University of Calgary.
Wilson is married to Shannon Wilson, one of the original designers of Lululemon, and they have five sons.
He was diagnosed with facioscapulohumeral muscular dystrophy at age 32 and has donated $100 million towards research.

Business Career

In 1979, Wilson founded his first retail apparel company, Westbeach Snowboard Ltd.
He sold Westbeach in 1997 and founded Lululemon Athletica Inc in 1998.
Wilson served as CEO of Lululemon until 2005.
In 2007, Lululemon went public with an IPO on Canadian and US exchanges.
Wilson stepped down from executive positions at Lululemon in 2012 and 2013.
He resigned from Lululemon's board of directors in February 2015.

Wealth and Investments

He holds stakes in Anta Sports, Amer Sports, and remains the largest individual shareholder in Lululemon.
Wilson's holding company, Hold It All, invests in apparel, real estate, and private equity.
He sold millions of shares in Lululemon in 2019 while the stock rallied.
Wilson acquired a 20.65% stake in a joint venture that acquired Amer Sports.
He has diversified investments in various sectors, including sportswear, real estate, and education.

Philanthropy and Honors

Wilson received the Canadian Entrepreneur of the Year for Innovation and Marketing in 2004.
He was named Distinguished Entrepreneur of the Year by the University of Victoria's Gustavson School of Business in 2012.
Wilson and his wife received honorary doctorates from Emily Carr University of Art and Design and Kwantlen Polytechnic University.
They pledged $12 million to The Chip and Shannon Wilson School of Design at Kwantlen Polytechnic University.
Wilson is involved in various philanthropic endeavors, including imagine1day and the Pender Harbour Ocean Discovery Station.
He was inducted into the Business Laureates of British Columbia Hall of Fame in 2018.

Controversies and Media

Wilson made controversial statements regarding Lululemon's products and customer base.
He expressed concerns over Lululemon's diversity and inclusion policy in 2024.
Wilson's influence extends to media appearances, including interviews and contributions to online outlets like Forbes.
He apologized for past statements regarding the Lululemon yoga pant scandal in a CBS interview in 2015.
Wilson's controversial views have been criticized in media outlets like The Colbert Report.
He has acknowledged the influence of Ayn Rand on his entrepreneurial and personal philosophy.

How long would it take you to become as rich as Chip Wilson?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Chip Wilson's net worth of $5.53B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Chip Wilson is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Chip Wilson, Lululemon is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey