Nicholas Woodman Net Worth is$1.3 Billion
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Nicholas Woodman net worth: Nicholas Woodman is an American entrepreneur who has a net worth of $1.3 billion dollars. Nicholas Woodman is based in Woodside, California, and graduated from the University of California - San Diego with a degree in Visual Arts. He started his own company after graduation, but it subsequently folded. In 2002, he set off around the world, surfing. While attempting to photograph his surfing experiences, he came up with the idea for an affordable camera that could capture quality close-up footage, while being attached to the photographer's body. This led to the founding of GoPro, and the GoPro camera. The first version of the camera was waterproof, had WiFi, could be remote controlled, and had 64 GB of memory. It also cost less than $300. He knew he was on to something when a Japanese company ordered 100 of them. Since then, his sales have grown astronomically. The company sold 2.3 million cameras in 2012.
Nicholas "Nick" Woodman is the founder and CEO of GoPro.
Born to a Jewish family, he earned a degree in Visual Arts from the University of California, San Diego. After school he founded a marketing company called funBag but after it did not succeed, in 2002 at the age of 26, he decided to travel around the world surfing.
While on hiatus and trying to capture his surfing activities in Australia and Indonesia on film, he used a 35mm camera attached to the palm of his hand by a rubber band. Seeing that amateur photographers who wanted to capture quality action photos of their activities had difficulties because they either could not get close enough to the action, or obtain quality equipment at accessible prices, his trip became his inspiration to found GoPro. His solution was to develop a belt that would attach the camera to the body. Woodman and his future wife Jill financed the business by selling shell necklaces they bought in Bali (for $1.90) from their car along the California coast (for $60) combined with $35,000 borrowed from his mother. His desire for a camera system that could capture close up footage inspired the 'GoPro' name. The prototype cameras he developed supported WiFi, were remotely controlled, waterproof, carried 64GB of memory, and were affordable to the average sportsman (~$300). In 2004, he made his first big sale when a Japanese company ordered 100 cameras at a sports show. Thereafter, sales doubled every year and in 2012, GoPro sold 2.3 million cameras. In December 2012, the Taiwanese contract manufacturer Foxconn purchased 8.88% of the company for 200 million dollars which set the market value of the company at 2.25 billion dollars making Woodman, who owned the majority of the stock, a billionaire.
Woodman is married to Jill R. Scully and they have two children. They live in Woodside, California. Woodman is known as the ???mad billionaire??? due to his unconventional behavior and eccentricities.
As of 2013, he is worth an estimate

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Nicholas Woodman Latest News

GoPro CEO Nick Woodman interview: ‘GoPro has a place in India, will be relevant for Indian consumers’

Indianexpress.com‘s Nandagopal Rajan spoke to GoPro founder and CEO Nick Woodman about what makes his company tick and his plans for India. What are your plans for India, how has it been so far and what next? We are really excited to grow awareness for ...
Posted: January 11, 2018, 8:28 am

GoPro Board Slashes CEO Nick Woodman’s Salary to $1

Woodman was the highest paid CEO in the U.S. back in 2014 when his company was booming, garnering him a stock package worth $285 million when the camera maker first went public. However, in 2018, he will receive no more than $1 after the company board cut ...
Posted: April 27, 2018, 7:04 pm

GoPro (GPRO) Q1 2018 Results - Earnings Call Transcript

GoPro, Inc. (NASDAQ:GPRO) Q1 2018 Earnings Call May 3, 2018 5:00 PM ET Executives Lara Sasken - GoPro, Inc. Nicholas Woodman - GoPro, Inc. Brian McGee - GoPro, Inc. Analysts Paul J. Chung - JPMorgan Securities LLC Joe H. Wittine - Longbow Research LLC ...
Posted: May 3, 2018, 6:53 pm
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