Name
Kevin Plank
Kevin Plank
Lutherville-Timonium, Maryland
Bachelor of Arts/Science, University of Maryland | Master of Business Administration, Robert H. Smith School of Business
United States
Under Armour
8
Under Armour, Self Made
$2,300,000,000
1227
#1227 Billionaires 2019
#222 Forbes 400 2016
Under Armour founder Kevin Plank built a popular sportswear brand as the underdog competitor to Nike.Noticing his football teammates' sweat-soaked shirts, Plank came up with a lightweight, sweat-wicking shirt using fabrics from women's undergarments.In the mid 1990s he sold his first shirts from his grandmother's basement, exaggerating to early customers to make the company sound bigger. Plank, who is Under Armour's CEO, took the company public 2005; he owns a nearly 16% stake.He is building a 4 million-square-foot headquarters for Under Armour in Baltimore as part of a larger development called Port Covington.
Plank got kicked out of his high school after an alcohol-fueled brawl with Georgetown U football players; he later walked onto the U. of Maryland's football team.Plank served on Trump's manufacturing council but resigned in August 2017 after the president did not criticize neo-Nazi protestors in Charlottesville, Virginia.
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