Kevin A. Plank is an eminent American entrepreneur and businessperson who is the founder, CEO, and Chairman of famous sports gear brand Under Armour. His Baltimore based company manufacturers sport performance clothes, footwear, and accessories. Being the CEO of the second largest sportswear marketer in America, he is one of the ambitious and successful businessmen in the world. He believes in innovation, teamwork and thought exchanging. Let’s find out how much is Kevin Plank’s net worth in 2018.
Kevin Plank was born on August 13, 1972, in Kensington, Maryland, the U.S. He rose in Kensington, with his other four brothers. His father, William Plank, was a land developer and mother, Jayne Plank was a mayor of Kensington, who later took the charge of the Office of Legislative and Intergovernmental Affairs at the United States Department of State.
In his childhood, he joined Georgetown Preparatory School but was forced to leave the school because of his poor performance in academic and some behavioral problems. In his childhood, he played football for the Maplewood Maple Leafs, and later he went to play football at Fork Union Military Academy.
He completed his graduation from St. John’s College High School. Afterwards, he attended the University of Maryland for higher studies in business administration. Plank married to Desiree Guerzon in 2003, and the couple has two children, son James, and daughter Catherine.
During his University days in Maryland, he launched various businesses ventures. He started an annual business project in 2006 named Cupid’s Cup Business and Innovation Competition, which sold roses on Valentine’s Day. He earned $17,000 from the rose business.
Noticing his football teammates’ sweat-soaked shirts, he planned to make sportswear. Afterward, he came up with lightweight, sweat-wicking cotton shirts under the brand name of Under Armour. He launched his business with the money earned from the rose business. He started selling from the basement of his grandmother’s house.
As the CEO of Under Armour, he brought the company public in 2005. Plank started a real estate business in 2017, named Sagamore Development which is one of the prime multi-billion-dollar development projects in Baltimore’s Port Covington locality.
Under his leadership in 2010, the company’s revenues rose to $1 billion. He is the biggest shareholder of the company. Four million-square-foot headquarters for Under Armour is situated in Baltimore. “We must protect this house” is the business tagline for Under Armour.
Awards & Achievements
Plank is designated as a young business leader. The 45 years old business person is one of the influential personalities in today’s business world. In 2012, Plank was ranked number 3 on Forbes’ annual 40 Under 40 list. He was placed 3rd on the Forbes’ list of America’s 20 Most Powerful CEOs under 40.
Besides his business, he also works for students, youths and young entrepreneurs. He has donated $16 million to the University of Maryland for development and $5 million to East Baltimore youth center.
Net Worth of Kevin Plank
It is estimated that he has a net worth of $1.60 billion. He owns a nearly 16% stake of Under Armour. He is the owner of the Georgetown Mansion in Washington, DC, the USA worth $7.8 Million. He has another house in Rehoboth Beach, Delaware, the US worth $2.1 million. He has many luxury cars in his garage including Jeep, Land Rover Defender, Mercedes, and Hummer, etc.
Plank is one of the young businessmen in the earth who has the vision to give something new to athletes and sportspersons. The most ambitious and hardworking CEO wishes see his company as the world’s number one performance athletic brand. He started from zero but with his dedication, focus and passion he has built a billion dollar empire in the business world.