Kevin Plank
Executive Chairman and Brand Chief
Description:
Kevin Plank is a successful entrepreneur, a philanthropist, and a self-made billionaire. Most notably, he founded Under Armour, and he continues to serve as the company’s Chairman and CEO. The concept for Under Armour was based on Plank’s personal experience playing college football. Tired of changing his perspiration-soaked cotton t-shirts over and over again during grueling twice-daily college football workouts, Kevin Plank was inspired to create a better kind of t-shirt—one that could wick sweat and keep athletes cool, dry and light. Initially, he sold Under Armour shirts from his car and to his former college teammates. The company’s first major jump in revenue occurred after it ran an ad in ESPN’s magazine. This resulted in revenue of more than $1 million. Today, Under Armour employs more than 15,000 staff members and generates annual revenue greater than $5 billion. Kevin Plank has been professionally involved in other endeavors while running Under Armour. He purchased Sagamore Farm in 2007. This 530-acre horse farm produced a Breeder’s Cup winner in 2010, and it continues to own, stable and train more than 100 horses. Plank also started a real estate development firm, known as Plank Industries, in 2013. Under this company, he launched a whiskey distillery called Sagamore Spirit. Plank Industries also has developed a $5.5 billion mixed use project in Port Covington, renovated Recreation Pier in Fells Point, reinvigorated the Sagamore Pendry Hotel and worked on other projects. Kevin Plank attended Fork Union Military Academy for a year after graduating from high school, where he played college football for this school. The following year, he transferred to the University of Maryland in College Park. Plank walked onto the school’s football and played throughout the rest of his college career. In 1996, he graduated with a degree in business administration. His football experiences, as well as his entrepreneurial effort with Cupid’s Valentine at the University of Maryland, developed a solid foundation that supported Plank’s Under Armour endeavor. Kevin Plank also has a lengthy philanthropic history. This began in 1999 while he was still trying to gain traction for Under Armour. His former college roommate was involved in a serious sports accident that resulted in quadriplegia. Plank funded a customized wheelchair for him. He has also donated tens of millions of dollars and countless hours to CollegeBound, the UA House, the Dingman Center’s endowment fund, St. John’s High School, the Cold Field House project, the Archdiocese of Baltimore and others. Today, Plank oversees a global company of 9,000-plus employees, with total revenue of more than $3 billion. Under Armour athletic performance products are sold globally and are worn by athletes at all levels on playing fields all over the world. The Under Armour Connected Fitness platform powers the world's largest digital health-and-fitness community.
Summary:
Kevin Plank is a successful entrepreneur, a philanthropist, and a self-made billionaire. Most notably, he founded Under Armour, and he conti...
Number of Registered Investments:2
Contact Details:
- Address: Kensington, Maryland, United States
- No email is provided
Location:Kensington, Maryland, United States
Email is Not Provided
Phone Number:Kensington, Maryland, United States
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