Table of Biography
Kevin Plank is an American billionaire businessman and Philanthropist. Kevin Plank is the founder, CEO, and chairman of the famous sportswear, footwear, and accessories brand ‘Under Armour’.
Early Life and Childhood
Kevin Plank is 51 years old as of 2024. He was born on August 13, 1972, in Kensington, Maryland, USA. His birth name is Kevin A. Plank. He is an American by nationality. His father’s name is William Plank he was a prominent Maryland land developer. His mother’s name is Jayne Harper Plank is a former mayor of Kensington. Furthermore, he is the youngest brother of the family and he has four elder brothers.
Caption: Kevin Plank’s childhood picture (Source: Instagram)
Due to Plank’s behavioral issues and poor academic performance, he left his Catholic school Georgetown Preparatory School. In 1990, he graduated from St. John’s College High School. After that, he started playing football trying to get the attention of NCAA Division I schools but he wasn’t recruited. Nonetheless, he graduated with a bachelor’s Degree in Business Administration in 1996 from the University of Maryland, College Park.
Professional Life
According to Kevin, ‘he was the sweatiest guy on the pitch’ while playing football for the Maryland Terrapins and this led him to the idea of Under Armour. This idea forced him to find something that would wick the sweat from his body.
Likewise, Plank started Cupid’s Valentine by which he earned $3000 and used it as seed money for Under Armour. After graduating, he started the business using a mix of his cash, credit cards, and a small business administration loan. In Washington D.C., he first started his business in his grandmother’s basement.
Similarly, he sent the shirts to his friends who were playing professional football, asking them to pass them out in the locker rooms. He sold his first Under Armour shirt #0037 from his car. Plank sold 500 Under Armour Heat Gear shirts by the end of 1996 which generated $17,000, which resulted in $1 million in direct sales and teams started to purchase the clothing.
Under Armour’s revenue reached 1 billion in 2010. Under Armour bought two fitness apps,’ My Fitness Pal’ and ‘Endomondo’ for $475 million. He wanted to make his company like Google, Apple, and Forbid and challenge them. The company launched a new non-performance men’s and women’s wear line in 2016.
Moreover, in today’s date, Kevin has a net worth of $2.1 billion and employs over 11,000 people with Under Armour.
Awards and Nominations
He was enlisted at number 24 on Sports Illustrated as the ‘Most Powerful People in Sports‘ in the year 2003. He was also in the number 4 spot on America’s 20 Most Powerful CEOs 40 and Under in the same year. Furthermore, his other achievements are, ‘Sporting Goods Industry Hall of Famer, ‘Most Creative People in Business by Fast Company’, and ‘Achiever of the Year by Success Magazine’.
Kevin Plank – Net Worth 2024
Kevin has earned a very good amount of money being a successful businessman and the largest individual shareholder. Moreover, as of September 2019, his net worth is $1.7 billion.
Relationship Status
Kevin has been married since 2003 to an American executive, businesswoman, and professional nurse, Desiree Jacqueline Guerzon. The couple has two children named Kevin James Plank, the eldest, and Katherine Plank, the youngest child.
Though there had been rumors about him having an affair with Stephanie Ruhle, now he seems to have dropped that idea and become a family man.
Scandal
There were rumors about him having an affair with Stephanie Ruhle. She was a host on MSNBC News. Kevin and Stephanie used to fly over in his private jet. The employees under Under Armour believed that there was something between the billionaire CEO Kevin Plank and MSNBC host Stephanie Ruhle.
Caption: Kevin Plank and Stephanie Ruhle, Source: Business Insider
Additionally, there were some allegations raised when Plank was using the company’s private plane for his personal use. After Under Armour’s share plunged 45 percent and as sales faltered and the company reported losses for two straight quarters they struggled with intense competition, he was also listed in the ‘Worst CEOs’ list.
Kevin Plank – Body Measurements
Kevin Plank stands at a height of 6 ft 1 inch tall and weighs about 77 kilograms. Similarly, his hair color is black whereas his eyes are light brown. There is no information about his body size, shoe size, and dress size.
Kevin Plank – Social Media
Kevin Plank is a popular guy on Instagram having 90.3 K followers but he is not active on other social media such as Facebook and Twitter.