Gymshark's millennial billionaire CEO says he never thinks about his wealth because ‘it's not a measure of success' and ‘none of it's real' [Fortune]
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Source: Fortune
But Gymshark's founder and CEO—and Britain's youngest billionaire—Ben Francis insists that money is not a “real” measure of success. Francis, now worth over $1.3 billion, founded the sportswear brand at just 19 years old in 2012. As the company has grown from a business in his parents' garage to a $1.5 billion business, his own personal wealth has ballooned with it. The 31-year-old was recently named one of the few self-made billionaires on Forbes' World's Youngest Billionaires list—but he has moved to make his feelings on his newly minted status clear, by resurfacing an interview with Gian Power on The SuperPower Podcast on his social media channels. “People assume there is some bank balance with my name on it that has billions in which is just completely untrue,” Francis said in the interview. “None of it is real”, he stressed, adding that his wealth is “all on paper” and tied to assets that could fluctuate in value. After all, Francis still owns 70% of Gymshark. “It cou
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- Understanding Snap (SNAP) Reliance on International Revenue [Yahoo! Finance]Yahoo! Finance
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Susquehanna from $12.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $16.00 price target on the stock, up previously from $15.00.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at TD Cowen from $11.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an "overweight" rating on the stock.MarketBeat
SNAP
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- 4/25/24 - Beat
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