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Kevin Plank is one of the American celebrities that can’t be forgotten in a hurry following his exceptional creative skills and business acumen. He is the founder, Chairman, and CEO of the Baltimore-based sports clothing line called Under Armour. The American billionaire started making strides in the business right from his university days and today; his company has blossomed into a world-class brand, having over 15,000 employees and generating more than $65 billion annually. Read on as we take a sneak peek at his biography, family, and other interesting facts about the Under Armour CEO.
Biography Of Under Armour CEO
Kevin Plank was born in Kensington, Maryland in the United States on August 13, 1972. He grew up in a core roman catholic family and he is the youngest of five children born to William Plank and his wife Jayne Plank. His father was a real estate developer while his mother is a politician and the former mayor of Kensington under President Ronald Reagan.
While he was growing up, Plank played football with the Maplewood team of the Maplewood Sports Association. He attended St John’s College High School and graduated in 1990. After graduation, he joined Fork Union Military Academy where he played football for the next one year. When he left the academy, he went on to attend the University of Maryland, College Park. While he was there, Plank was roommates with Darren Drozdov and the duo played football with the Maryland football team until graduation in 1996 when he got a bachelor’s degree in business administration.
During his days at the University of Maryland, Kevin Plank began to develop his business acumen and his first venture was selling roses to lovers on valentine’s day. Plank realized over $17000 from the rose business which helped him to start his clothing line called Under Armour. The star initially started Under Armour following his quest as a football player to produce a sportswear that would wick sweat from the body.
He first started the business in his grandmother’s townhouse situated in the Georgetown and in 1999; the business recorded significant improvement after he advertised on the ESPN sports magazine. Following the advert, his company had over $1 million in direct sales and in 2010; they reached $1 billion annual revenue. Plank became a billionaire the following year and his net worth was estimated at $1.05 billion. Currently, the company generates over $5 billion annually and also has up to 15,800 staff members.
Also, Plank procured a 530-acre Sagamore Farm from Alfred Gwynne Vanderbilt in 2007. The historic farm is located at Baltimore County, Maryland and was previously used for horse racing. He revived the farm and the racing competition. Currently, it has over a hundred horses out of which about 40 are actively training for racing. He also has other investments and businesses such as in the whiskey distillery, Sagamore Pendry Hotel, and Inner Harbor water taxi, among others.
Additionally, Kevin Plank has recorded some awards in his name. He won the Achiever of the Year Award and was inducted into the Sporting Goods Hall of Fame in 2017. Plank was placed at No 16 in the Sports Business Journal’s list of 50 Most Influential People in Sports business and was also given Hall of Champions Award by the United States Small Business Administration in 2016. He ranked No. 4 on America’s list of 20 Most Powerful CEOs – 40 and Under in 2013, among others.
Kevin Plank’s Wife And Family
Just like his successful business ventures, the multi-talented business tycoon is also successful in his love life. Plank is a happily married man and a proud father of two children. He got hitched to the love of his life and high school sweetheart named Desiree Guerzon. Guerzon is of Filipino descent but was born and raised in the United States. She has a nursing degree which she obtained from Georgetown University.
The amazing couple reportedly started their relationship around 1993 and after nine years of a successful relationship; they sealed their love in a wedding ceremony. They exchanged marital vows in the presence of their family and friends in a lavish wedding held in 2003. Three years after their marriage; the couple welcomed their first bundle of joy, a son named Kevin James Plank and subsequently; a daughter named Katherine Plank. Kevin Plank currently resides in Lutherville, Maryland with his amazing family.