Yvon Chouinard's Net Worth 2022

Yvon Chouinard's Net Worth 2022


Yvon Chouinard's Net Worth 2022
Yvon Chouinard's Net Worth 2022

According To Uswhispers Yvon Chouinard's Net Worth $100 Million in 2022 Yvon Chouinard is best known as the creator of Patagonia, an outdoor gear and clothing firm that produces environmentally responsible outdoor clothing and items that are also attractive and trendy. Yvon Chouinard is known as the world's most "reluctant" billionaire. Patagonia's yearly retail revenue is $1 billion, and the company's profits are roughly $100 million. On paper, Yvon's net worth was $3 billion because the company was valued at $3 billion.


In an extraordinary and startling gesture, Yvon and his family donated Patagonia to charity in August 2022. Technically, the family transferred 98% of Patagonia's private shares to the Holdfast Collective, a 501(c)(4) non-profit that will receive 100% of Patagonia's income in the future. Holdfast will utilise the funding to combat climate change and protect the environment.


Yvon is also the founder of Chouinard Equipment, Ltd., and he has spent most of his adult life as an active rock climber and instructor. He is well-known for his considerable mountaineering in Pakistan and the European Alps.


Chouinard started Patagonia in 1973 with the purpose of creating clothes that could survive the extreme cold and wind that is common in the toughest portions of South America. The company's sales increased from $20 million in 1985 to $100 million in 1990. Yvon has never taken any outside investment and continues to own 100% of his company. Patagonia spends less than half of one percent of their annual revenue on advertising. Every year, the company distributes 10% of its pretax income to environmental nonprofits.


3 views0 comments

Recent Posts

See All