Kevin Plank

$1.01 B

Ranked #3315 in World

About Kevin Plank

Kevin Plank, an American billionaire businessman and philanthropist born on August 13, 1972, in Kensington, Maryland, is renowned for founding Under Armour in 1996. With a bachelor's degree in business administration from the University of Maryland, Plank transformed a seasonal Valentine's Day rose sale into seed money for what would become a global athletic wear giant. Under Armour reported $1 billion in annual revenue in 2010, escalating Plank's net worth to $1.05 billion by 2011. Beyond his notable career, Plank has made significant contributions to Maryland's horse racing tradition through Sagamore Farm and invested in Baltimore's community through philanthropic efforts like funding summer jobs and supporting educational initiatives. Married with two children, Plank's diverse engagements also extend into real estate and distilling, reflecting his broad impact on both industry and community.

Born

August 13, 1972 in Kensington, Maryland, U.S.

Age

53 years

Source Of Wealth

Under Armour

Industries

Fashion & Retail

Citizenship

United States

Residence

Lutherville-Timonium, Maryland

Education

Master of Business Administration, Robert H. Smith School of Business; Bachelor of Arts/Science, University of Maryland

Spouse

Desiree "D.J." Guerzon

Children

Kevin Plank, born on August 13, 1972, in Kensington, Maryland, was the youngest of five brothers. His father was a prominent Maryland land developer, while his mother served as mayor of Kensington and later held a position at the U.S. Department of State. Plank played youth football and attended prestigious Catholic schools, graduating from St. John's College High School in 1990. To improve his chances of playing college football, he attended Fork Union Military Academy for a year before walking onto the football team at the University of Maryland, College Park, where he graduated in 1996 with a bachelor's degree in business administration.

Kevin Plank: Family

Kevin Plank is married to Desiree Guerzon, a Filipina-American registered nurse, and they have two children together. The family resides in Lutherville, Maryland.

Kevin Plank: Career Highlights

While at the University of Maryland, Plank launched Cupid's Valentine, a seasonal business selling roses on Valentine's Day. He used the profits from this venture as seed money for Under Armour, which he founded in 1996. Initially operating from his grandmother's townhouse, Plank designed and sold the first Under Armour shirt, the #0037, from his car. He persuaded former teammates to try his shirts and spread the word among professional athletes, eventually securing his first big team sale to Georgia Tech. A major breakthrough came in 1999 with a $25,000 advertisement in ESPN The Magazine, resulting in $1 million in direct sales. Under Armour reached $1 billion in annual revenue in 2010, and Plank became a billionaire in 2011 with a net worth estimated at $1.05 billion. By December 2017, Under Armour generated $5 billion in annual revenue and employed over 15,800 people. Plank announced his departure as CEO in October 2019, and Patrik Frisk succeeded him on January 1, 2020. Plank currently serves as the executive chairman of Under Armour.

Kevin Plank: Companies

In addition to Under Armour, Kevin Plank has established several other companies.

He purchased the historic Sagamore Farm in Baltimore County, Maryland, in 2007, with the aim of restoring the farm and reviving Maryland's horse racing tradition. Sagamore Farms' Shared Account won the $2 million Breeders' Cup Filly & Mare Turf (GI) in 2010. Plank also founded Sagamore Development, a real estate firm leading a $5.5-billion mixed-use development project in Baltimore's Port Covington area. He established Sagamore Spirit, a whiskey distillery, in 2013, and restored and reopened the Recreation Pier building in Fells Point, Baltimore, as the Sagamore Pendry Hotel. Additionally, Plank purchased and revamped the water taxi in Inner Harbor.

Kevin Plank: Major Achievements

Kevin Plank's major achievements include building Under Armour into a multi-billion dollar global sports apparel brand. He has been recognized for his entrepreneurial success and business acumen, receiving numerous accolades and honors, including Achiever of the Year by Success Magazine (2017), Most Creative People in Business by Fast Company (2017), and induction into the Sporting Goods Industry Hall of Famer (2017).

Kevin Plank: Awards & Achievements

Kevin Plank has received numerous awards and achievements throughout his career. Some notable recognitions include:

Achiever of the Year by Success Magazine (2017)
Most Creative People in Business by Fast Company (2017)
Sporting Goods Industry Hall of Famer (2017)
Ernst & Young Entrepreneur of the Year (2003)
Sports Business Journal's Forty Under 40 (2005)
Baltimore Business Journal's CEO of the Year (2006)
Inc. Magazine's 30 Under 30 (1999)

Kevin Plank: Personal Life & Legacy

Kevin Plank is known for his philanthropic efforts, particularly in the Baltimore and Washington, D.C., communities. He has made significant donations to various organizations, including CollegeBound, public school students in the maritime transport industry, the UA House at Fayette, the University of Maryland's Robert H. Smith School of Business and Dingman Center for Entrepreneurship, St. John's College High School, and the Archdiocese of Baltimore.

Plank's legacy lies in his entrepreneurial success, his commitment to philanthropy, and his contributions to the sports apparel industry.

Kevin Plank: Trivia

Here are some interesting facts about Kevin Plank:

He played football at the University of Maryland, but he was not a starter.
He came up with the idea for Under Armour while sweating in a cotton T-shirt during a football practice.
He started Under Armour with just $1,700.
He is a fan of the Baltimore Ravens and the Washington Redskins.
He has a collection of vintage cars.
He is a licensed pilot.

Wealth History

Timeline

August 13, 1972

Kevin Plank is born in Kensington, Maryland.

1990

Graduates from St. John's College High School.

1996

Graduates from the University of Maryland, College Park with a bachelor's degree in business administration.

1996

Launches Under Armour, initially operating from his grandmother's townhouse.

1999

Achieves a major breakthrough with a $25,000 advertisement in ESPN The Magazine, resulting in $1 million in direct sales.

2007

Purchases the historic Sagamore Farm in Baltimore County, Maryland.

2010

Under Armour reaches $1 billion in annual revenue.

2010

Sagamore Farms' Shared Account wins the $2 million Breeders' Cup Filly & Mare Turf (GI).

2011

Plank becomes a billionaire with a net worth estimated at $1.05 billion.

2013

Founds Sagamore Spirit, a whiskey distillery.

2016

Donates $1 million to CollegeBound, a Baltimore-based organization, through The Cupid Foundation.

2017

Under Armour generates $5 billion in annual revenue and employs over 15,800 people.

2017

Achiever of the Year by Success Magazine.

2017

Most Creative People in Business by Fast Company.

2017

Sporting Goods Industry Hall of Famer.

October 2019

Announces his departure as CEO of Under Armour.

January 1, 2020

Patrik Frisk succeeds Plank as CEO of Under Armour.

Kevin Plank : FAQs

What is Kevin Plank's current net worth?

Kevin Plank's current net worth is $1.01 billion.

What is Kevin Plank's current global rank among billionaires?

Kevin Plank holds the 3315th position globally among billionaires.

What is Kevin Plank's current ranking within the United States?

Kevin Plank holds the 959th position in United States.

What was the change in Kevin Plank's net worth compared to the previous year?

Kevin Plank's net worth increased by 21.31 million dollars compared to the previous year 2025, when his net worth was 0.99 billion dollars.

What is the recent change in Kevin Plank's net worth?

Kevin Plank's net worth decreased by 8.72 million dollars recently, a 0.86% decrease, with his net worth standing at 1.01 billion dollars.

What are Kevin Plank's main sources of wealth?

Kevin Plank's main source of income comes from Under Armour.

In which industry does Kevin Plank primarily operate?

Kevin Plank is primarily involved in the Fashion & Retail industry.

What is Kevin Plank educational background?

Kevin Plank holds a Master of Business Administration from Robert H. Smith School of Business and a Bachelor of Arts/Science from the University of Maryland.

How old is Kevin Plank?

Kevin Plank is 53 years old.

How many children does Kevin Plank have?

Kevin Plank has 2 children.

Who is Kevin Plank and what is he best known for?

Kevin Plank is an American billionaire businessman and philanthropist, best known as the founder of Under Armour, a revolutionary performance apparel brand he started in 1996.

How did Kevin Plank make his initial investment into Under Armour?

Kevin Plank made his initial investment into Under Armour using the profits from Cupid's Valentine, a seasonal business selling roses on Valentine's Day he launched while attending the University of Maryland.

What significant achievement did Sagamore Farm, owned by Kevin Plank, accomplish in horse racing?

Sagamore Farm, owned by Kevin Plank, achieved significant success when Shared Account won the $2 million Breeders' Cup Filly & Mare Turf (GI) in 2010, marking a milestone in reviving Maryland's horse racing tradition.

What philanthropic efforts has Kevin Plank been involved in?

Kevin Plank has been involved in various philanthropic efforts including a $1 million donation to CollegeBound, funding summer jobs for Baltimore students, supporting education and entrepreneurship at the University of Maryland, and contributing to community initiatives in Baltimore and Washington, D.C.

How did Kevin Plank respond to the backlash regarding his comments on Donald Trump's pro-business philosophy?

In response to the backlash over his comments on Donald Trump's pro-business philosophy, Kevin Plank clarified his stance with a full-page advertisement in The Baltimore Sun, opposing the travel ban and underscoring his support for job creation while promoting diversity and inclusion within the workplace.