Kevin Plank Net Worth is$1 Billion
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Profession: Entrepreneur, Businessperson, Chief Executive Officer
Date of Birth: Aug 10, 1971
Country: United States of America
Kevin Plank is the founder, CEO and chairman of Under Armour Inc., with a net worth of $1 billion. Kevin Plank earned his net worth through his apparel, footwear and accessories for sportswear. He was born in Keningston, Maryland.
Kevin A. Plank (born August 13, 1972) is an American CEO and founder of Under Armour, Inc., a leading manufacturer of sports performance apparel, footwear and accessories based in Baltimore, Maryland.
Plank is the youngest of five brothers, born into a competitive, tight-knit Roman Catholic family. His father, William Plank (died 1993), was a real estate investor and his mother, Jayne Harper Plank, is a former mayor of Kensington, Maryland. Kevin left Georgetown Preparatory School because of poor academic performance, but went on to play football at Fork Union Military Academy. Plank graduated from St. John's College High School, in Washington, D.C., where he remains an active alumnus. He attended the University of Maryland.
At the University of Maryland, he launched various businesses of his own. Plank developed Cupid's Valentine, an annual business that sold roses for Valentine's Day. He put away $17,000 from the rose business, which eventually became seed money for Under Armour. The original concept for Under Armour was born out of necessity, as Plank was the self-proclaimed "sweatiest guy on the football field". Frustrated by his sweat-soaked cotton t-shirts' inability to keep him dry and comfortable, he started the hunt for a material that would wick the sweat from his body to make him lighter and faster.
From local tailor shops in College Park, Maryland to the garment district of New York City, Plank, upon graduating from Maryland in 1996 with a bachelor's degree in business administration, searched for synthetic materials to test his hypothesis. Plank ran through seven prototypes before deciding on the one he wanted to use. He then asked his former teammates to try on the shirts, explaining that his alternative to a basic cotton T-shirt would enhance their performance on the field. As Plank's friends moved on to play professionally, he would send them T-shirts, requesting that they pass them out to other players in their locker rooms. A turning point

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Kevin Plank Latest News

Is Kevin Plank Preparing His Exit From Under Armour?

Exit idea based on: Questionable use of "leasehold improvements" could be seen as artificially increasing EBITDA; COO Patrik Frisk is an expert in preparing companies prior to a sale process. Valuatio...
Posted: December 25, 2017, 5:30 pm

Under Armour investor sues Kevin Plank over Port Covington deal in South Baltimore

An Under Armour investor sued founder Kevin Plank over the Port Covington development. She's alleging that Plank profited from the sale of land to Under Armour and that millions of dollars in tax ince...
Posted: April 17, 2018, 3:59 pm

Under Armour: 6 Findings From Under The Hood In Q1

“The first thing I do when I hear criticism is ask myself if they're right.” – Jeff Bezos (to Kevin Plank) Of all the stocks I’ve covered over the last year or so, Under Armour (UAA) (NYSE:UA) is by f...
Posted: July 17, 2018, 9:16 am
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