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Forbes Topline

Lululemon’s Founder Made A Fortune But Lost Out On Billions, Inside His Struggle To Move On

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 5 January 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

It’s been a decade since Chip Wilson was pushed out of his yoga-inspired fashion brand. The billionaire, who dumped most of his stake in a move that cost him up to $13 billion, is still searching for a new legacy – backing another sportswear company, investing in real estate and racing to cure a rare disease. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We're here with Chip Wilson today, the founder of Lulu Lemon. Thank you very much for joining us today, Chip.

0:15.0

So my pleasure, Jemima.

0:17.0

So most people probably know you as, you know, the founder of Lulu Lemon, one of the most successful apparel brands of our day.

0:25.0

But we're here today to talk about something different, which is the organization that you've launched last year,

0:31.0

so FHD.

0:34.4

And you launched it because you were diagnosed

0:37.2

with this rare form of muscular dystrophy

0:40.3

a few decades ago.

0:42.2

I think a lot of people don't really know much about

0:44.4

FSHD so I thought it could be useful to kind of start with your story of

0:48.8

getting diagnosed and how the disease has impacted you?

0:52.8

I mean, thanks for having me first off.

0:55.6

This is, I mean, whatever you, I can do to get the story out there in order for more people

1:01.4

to be recognized, especially when they're young

1:03.7

with the muscular dystrophy that would be great.

1:06.0

It is a different there's different forms of muscular dystrophy I mean there's the shens or even ALS

1:10.9

is another one. I have FSHHD vascular scapular muscular. So a lot of people that have

1:17.2

mine have no muscles in their face so they have no expression so it makes it very

1:22.2

difficult but mostly it hits the scap or

1:24.3

muscles in the upper body. When I was young I was a swimmer like a probably a

1:30.9

world-class swimmer and in butterfly and batsjoke but I could not swim

1:34.9

freestyle because I couldn't get my arm out of the water every time I would do it my

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