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# Kevin Plank

Random fact: Chairs business competition Cupid's Cup.

Overview

Plank is founder and chief executive officer of Under Armour, a publicly-traded athletic apparel and sports shoe maker. He's the largest shareholder of the Baltimore-based company, which he started in his grandmother's basement in 1993 and had revenue of $4 billion in 2015. He also owns property in Washington D.C.

As of Nov. 23, 2017:
Last change ()
YTD change ()
Industry Retail-Apparel/Shoe
Biggest asset N/A
Citizenship United States
Age 38
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

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Latest News

Net Worth Summary

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Biography

Birthdate: 8/13/1972
Family: Married, 1 child
Education: 1996, Bachelor's Degree, Business Administration, University of Maryland

Kevin Plank was born to William and Jayne Plank, the youngest of five boys, and grew up in Kensington, Maryland. He attended St. John's College High School in Washington D.C and Fork Union Military Academy. He graduated in business administration from the University of Maryland in 1996 and played as a walk-on football player there. His first business venture was an on-campus rose delivery service called "Cupid's Valentine."

As a football player, he disliked how the t-shirts he wore would become soaked with sweat and saw the need for one that would stay dry. He found a fabric that would wick away moisture and using seed money he earned from his campus business, started Under Armour in his grandmother's basement at age 23. He approached Sal Fasciana, owner of a clothing factory in Bellaire, Ohio, to make and ship his first products.

He then turned to friends from high school and university who had become professional football players to help sell his athletic wear and received his first order from the Georgia State football team in 1996, and from the Miami Dolphins a year later. Plank was quoted in the Harvard Business Review in November 2010 that the most prominent athlete to promote his product was NFL quarterback Tom Brady.

He lives in Maryland with his wife Desiree Jacqueline and son James.

Milestones
  • 1996 Graduates from the University of Maryland in business administration.
  • 1996 Receives first order from Georgia State football team.
  • 2005 Under Armour's IPO.
  • 2010 Tom Brady signs deal with Under Armour.
  • 2013 Acquires Mapmyfitness application.
  • 2015 Introduces Stephen Curry's first signature shoe.
  • 2015 Under Armour targets revenue of $7.5 billion by 2018.
  • 2016 Extends endorsement deal with Superbowl quarterback Cam Newton.