Peloton Founder Hits Billionaire Status on Exercise Frenzy
- CEO John Foley’s wealth has tripled to about $1.2 billion
- Tiger Management, Baillie Gifford among other Peloton winners
Peloton Interactive Inc. founder John Foley is now a billionaire, thanks to a stunning rally in his home-fitness company’s shares since the pandemic began.
After posting a video to Kickstarter in 2013, Foley, a cycling enthusiast, raised $307,000 to help get his fledgling in-home exercise startup off the ground.