Lululemon founder Chip Wilson has drawn criticism for an interview with Forbes in which he criticized the yoga retailer’s inclusive advertising. But that was just the tip of the iceberg. Here are his full criticisms about the company.
The billionaire, who dumped most of his stake years ago after he left in disgrace, is still searching for a new legacy backing another sportswear company, investing in real estate and racing to cure a rare disease.
The billionaire opened up to Forbes last year about his plans for a big shake up, citing changes in his family life.
Elisabeth DeLuca has already doled out $250 million of her fortune toward conservation and education and earmarked another $600 million to charitable foundations.
Subway, the giant sandwich chain, has agreed to sell itself to private equity firm Roark Capital in a deal reportedly valued at $9 billion, minting a fortune for its two founding families – but only one will walk away with the bread.
When Peter Buck died in 2021, he made sure there were strict instructions on what to do with his vast fortune.
From financial ruin to jail time, here are the other big billionaire downfalls that compete with Sam Bankman-Fried’s $17 billion FTX collapse.