Ericherrmann

The Success of Kevin Plank

A businessman and philanthropist, Kevin Plank has been making an impact on the business world for quite some time. Plank is most known for being the founder, CEO and chairman of Under Armour, the successful sportswear company. He has developed a career that has lasted more than two decades and appears set for continued success for many years to come.

Kevin Plank is a native of Kensington, Maryland, where he grew up as a Roman Catholic. He learned the value of hard work by watching his father who was a land developer and his mother who was a former mayor. At a young age Plank developed a passion for sports, in particular football. Plank began playing football for the Maplewood Sports Association. Plank spent time at the well known Georgetown Preparatory School and would later go on to graduate from St. Johns College High School. Although he did not receive any football offers from major schools he eventually became a walk-on the University of Maryland, College Park. For more information about Kevin Plank, visit his crunchbase profile.

While attending school at the University of Maryland, Kevin Plank began to explore his passion for being an entrepreneur. While still in college he launched one of his first businesses, Cupid’s Valentine. Cupid’s Valentine was a company focused on selling roses and other flowers around Valentines Day. The business earned $3,000 which would serve as seed money for a bigger adventure, Under Armour.

Under Armour was born as a result of Plank’s own experience. Plank became frustrated with typical cotton shirts and their inability to keep him dry and comfortable while playing football. After doing some research he found synthetic material that could keep athletes dry. He used the seed money earned from his college business along with a personal loan to launch his new company.

Under Armour has grown to become a massive company. Today the company does more than a billion dollars in annual revenue. Plank himself has a net worth of more than one billion dollars.

Source: https://www.bloomberg.com/profile/person/7406856

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