Woodman's Fortune Falls to $770 Million as GoPro Dives: ChartBy
Nick Woodman, the former billionaire and founder of GoPro Inc., is now worth $770 million as shares of the action camera-maker fall amid slowing sales and bleak forecasts. That’s down from a Sept. 2014 high of $4.9 billion, according to the Bloomberg Billionaires Index. His fortune is buoyed by cash from sales of GoPro shares in late 2014. GoPro’s rout has also hit Woodman’s compensation. He collected $287.2 million in 2014, mostly in restricted stock, which made him the highest-paid executive in the U.S. The value of that package was $46.6 million at noon in New York, according to the Bloomberg Pay Index. Jeff Brown, a spokesman for San Mateo, California-based GoPro, didn’t immediately respond to a request for comment.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.