Nick Woodman is a well-known businessman from America who is best known to be the founder of the American technology company ‘GoPro.’ Woodman serves as the CEO of the company and is also a philanthropist. His company GoPro specializes in video-editing software, developing its own mobile apps, and in manufacturing action cameras. Now let’s have a close look on Nick Woodman’s net worth in 2018.
Nicholas D. “Nick” Woodman was born on June 24, 1975, in Woodside, California to his parents Dean Woodman and Concepcion Woodman. He was raised in Menlo Park and Atherton, California.
In 1993, he completed his schooling from Menlo School and earned his BA degree in visual arts in 1997 from University of California, San Diego. He has also done a minor in creative writing.
In School, Woodman was the founder of two startups called EmpowerAll.com and Funbung. Both did not make it to the ground.
Nick Woodman has been married to Jill Woodman. Together, they are the parents of three children. He resides with his family in Woodside, California. He is known for his eccentricities and unconventional behavior and has been called as a “mad billionaire.” He believes in following one’s passion for a way to success.
Nick Woodman was given $235,000 by his father Dean Woodman, who is an investment banker to launch his career. He wanted to capture quality photos on his trip to Australia and Indonesia but did not have quality equipment. The trip made him found GoPro.
He wanted to develop a camera in the body and in the business, he was financed by his would be wife Jill. He further received a loan of $35,000 from his mother, and his father loaned him another $200,000 (which he returned to the sales in the company).
In the beginning, Woodman made 35-mm film cameras that can be used on the wrist of the user. He used to sell the products using his bus called ‘The Buscuit.’ His product supports WiFi, has waterproof protection, with a micro SD card and comes at an affordable price. His sales gradually increased, and he went on to become a billionaire.
In 2014, he became the highest paid chief executive in the United States by receiving $235 million. The company made a series of job cuts in the year of 2016 and 2017. It has witnessed many changes since its inception.
Awards & Achievements
In 2014, Nick Woodman received the Emmy Award for his company GoPro for Inexpensive Small Rugged HD Camcorders. He was conferred with the Ernst & Young Entrepreneur of the Year award in 2013 for consumer and retail products. He has also been honored with a BUILD for his philanthropy at a gala in San Francisco.
Net Worth of Nick Woodman
Nick Woodman has an estimated net worth of more than $950 million. This wealth comes from his company GoPro which has made him rise into a billionaire. He has also invested in Shark Tank, and the market value of his company GoPro was $2.25 billion in December 2012. Since 2004, his sales have doubled each year, and in 2012, he went on to sell 2.3 million cameras. He appeared in the list of billionaires in 2013.
Nick Woodman is considered one of the most popular businessmen in the world. He found considerable success after founding GoPro. His company partnered with the NHL in 2015 for launching GoPro products. His popularity also made him appear on the ‘Late Show with Stephen Colbert.’ Nick Woodman is also a philanthropist and has made contributions worth millions to ‘Jill + Nicholas Woodman Foundation.’ However, the value of his stock has declined.