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Grizzly Bulls’ Billionaires Index

⬅ # 590 T.S. Kalyanaraman|# 592 James Clark ➡

# 591 Michel Leclercq 

$5.53B

Real Time Net Worth
as of 11/21/2024
$353 (0.00%)

# 591 Michel Leclercq 

$5.53B

Real Time Net Worth
as of 11/21/2024
$353 (0.00%)
OccupationFounder and Co-owner, Decathlon
Source of WealthSporting Goods
Age85
ResidenceLille, France
Marital StatusMarried
Children4
Age-Adjusted Net Worth$1.02B
Michel Leclercq
Michel Leclercq
France
Net worth: $5.53B

Self-Made Score 

TAG Heuer Formula 1 Automatic Chronograph

Wealth History

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Biography

Overview

Michel Leclercq founded Decathlon, a sporting goods retailer, in 1976.
He is the founder and 40% owner of Decathlon, which has over 2,080 stores in 56 countries and regions as of 2023.
His cousin, Gérard Mulliez, founder of the Auchan supermarket chain, owns 40% of Decathlon.

Career and Company History

Decathlon, founded by Michel Leclercq in 1976, started with a store in Lille, France.
The company expanded globally, with stores in Germany in 1986, Spain in 1992, and many more countries thereafter.
As of 2023, Decathlon operates in 56 countries and regions, employing over 93,710 staff from 100 different nationalities.
In 2015, Michel Aballea became the CEO of Decathlon Group, succeeding Michel Leclercq.
In January 2022, Barbara Martin Coppola was appointed as the new global CEO of Decathlon, the first external hire for the role.
Decathlon acquired Bergfreunde, an online retailer for mountain sports and outdoor equipment, in November 2023.

Personal Life

Michel Leclercq is married to Marie-Claude Leclercq, a psychotherapist.
They have four children and reside in Lille, France.
Marie-Claude Leclercq represents the family on the council of the Decathlon Foundation, established in 2005.

Product Brands

Decathlon is vertically integrated, managing research, design, production, and distribution in-house.
The retailer markets its products under more than 20 brands, each catering to specific sports or categories.
Category specialist brands include BTwin, Caperlan, Domyos, Inesis, Kipsta, Kuikma, Quechua, Rockrider, and Tribord.
Expert brands within Decathlon's portfolio include Kiprun, Simond, Solognac, and Van Rysel.
In March 2024, Decathlon launched a simplified brand portfolio consisting of category specialist brands and expert brands.

Michel Leclercq's Wealth is Equivalent to:

4,256,351 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,046,168 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

56,508 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Michel Leclercq?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Michel Leclercq'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 58.67% compared to 23.91% for the S&P 500 benchmark.

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

Michel Leclercq 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 Michel Leclercq, Sporting Goods 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.

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Edited by: Lee Bailey