Kevin Plank: The Successful Entrepreneur and PhilanthropistJuly 17, 2019 - Author: steph
Kevin Plank was born in 1972 on the 13th of August. He is a successful businessman who manufactures a range of different products which include accessories, footwear, sportswear, etc. He is also a philanthropist and is known as the CEO of Under Armour.
He completed his secondary education from St. John’s College High School. After school, he went to the University of Maryland for his bachelors. He earned a bachelor’s degree in Business Administration. He started his career while he was studying at the University of Maryland. He started a seasonal business named “Cupid’s Valentine” which used to sell roses on every Valentine’s Day.
The small business earned him 3000 dollars. Kevin invested this money and launched Under Armour. He got his business idea while he was playing football. He was sweating a lot and realized he could design clothes which could keep athletes dry. Soon after graduating he started to work on his idea. Kevin Plank took a business administration loan and mixed it with cash he had been saving. In his first year of operation (1996) he sold 17000 shirts. A few years later Kevin Plank used all of his money to advertise his product in ESPN The Magazine. This ad was a turning point in Plank’s career as it resulted in 1 million dollars of sales. The brand became popular and was endorsed by many athletes and reached 1 billion dollars in revenue in 2010.
Apart from Under Armour Plank has a real estate firm and a whiskey distillery. He also owns the Sagamore Farm and also founded Sagamore Spirits. Plank Industries renovated the Recreation Pier building and bought the water taxi located in Inner Harbor.
He is a philanthropist as well and has donated millions to universities, academic complexes and has helped children to go to school.