Courtesy of Citybizlist – Under Armour shares recently went into their kick mode in the 2011 race, making founder Kevin Plank a newly minted billionaire.
Courtesy of a 55 percent stock price jump, Plank now enjoys a net worth of $1.05 billion, according to Forbes. However, this is an off and thing.
The magazine says this is actually Plank’s fourth visit to the billionaire’s circle this year, but each time a stock drop has sent him back.
Forbes also reported that Nike and Under Armour have given indications of mutual interest–a deal that could put Plank in the billionaire’s club for good.
Read the full article here:
Latest posts by Citybizlist Staff (see all)
- Citybizlist and Center Club Join Forces to Launch ‘City Genius’ - April 5, 2016
- Bipartisanship Sneaks Into State Senate - March 11, 2016
- Marylanders Like Hogan, Feel State Headed in Right Direction Goucher Poll Shows - February 23, 2016