Yvon Chouinard, a founder of Patagonia, has been in the news because he donated his company to an NGO for combating climate change, know his net worth and wife
Giving up your entire life’sย earnings to live simply is one thing, but offering them up to combat climate change is on a completely different level that is difficult for most of us to fully comprehend. This type of contribution is typically seen exclusively in movies, but it actually happened this time.
Know Who Is Yvon Chouinard Founder Of Patagonia Biography, Age, Family, Wife, Son, Net Worth 2022, News, Twitter
Patagonia founder Yvon Chouinard is giving away the company. He and his family have transferred all the companyโs voting stock into a trust, with the rest of the shares going to a nonprofit.
Here's the letter from Yvon: pic.twitter.com/gPUxcuRItN
— Kim Bhasin (@KimBhasin) September 14, 2022
Il vient de transmettre 100% du capital de son entreprise ร des fonds qui luttent contre le rรฉchauffement climatique. Il ne touchera plus un seul centime du moindre vรชtement vendu par la marque qu'il a crรฉรฉe : Patagonia.
C'est ยซl'entrepreneur-escaladeurยป Yvon Chouinard. pic.twitter.com/GPN482dUXY
— Loopsider (@Loopsidernews) September 15, 2022
Patagonia’s founder, Yvon Chouinard, is donating his business to a non-profit organization under a new ownership arrangement. According to the new arrangement, the wealthy founder stated that any profits will be used to combat climate change rather than reinvested in the business.
Since then, he has suddenly become a popular topic of conversation with many people praising him for his actions. Lots of people are also lauding his intent to do something for the environment. Many people are also trying to find out more about him. So, hereโs what we know about him:
Who Is Yvon Chouinard?
Yvon Chouinard is a famous environmentalist, businessman, and philanthropist. He has been in the news because he recently donated his company for combating climate change.
He was born in Lewiston, Maine, on November 9, 1938. His father was a plumber, mechanic, and handyman of French-Canadian descent. He and his family relocated to Southern California in 1947 from Maine. He and his family are Catholics.
Little is known about his schooling other than the fact that he was awarded an honorary degree from Bates College in 2021. He also attended the Stanford School Of Business.
He marriedย Malinda Pennoyer, his wife, in 1971. They currently have a daughter named Claire and a boy named Fletcher.
His Career
Yvon Chouinard used to be an avid rock climber. He was a notable climber during the so-called “Golden Age of Yosemite Climbing.” He started the Southern California Falconry Club when he was young and was a member of the Sierra Club.
He decided to train himself in blacksmithing so he could create his own climbing equipment, save money, and modify them for the method he was climbing. Eventually, he opened a company.
He was the main character in the movie “Valley Uprising,”ย which was produced around 2014. In 1964, he took part in the first ascent of the North Americaย Wall.
Later, he developed into the most persuasive proponent of the value of style, the cornerstone of contemporary rock climbing. Later, he established Chouinard Equipment, Ltd. as a result of the popularity of his pitons.
To shield itself from liability litigation, Chouinard Equipment, Ltd. filed for bankruptcy protection in 1989. Through the Chapter 11 procedure, the workers of Chouinard Equipment, Ltd. purchased the company’s tangible assets, and Black Diamond Equipment, Ltd. was created as a replacement.
Yvon Chouinard is renowned for launching the apparel and equipment business called โPatagonia.โ The Patagonia firm expanded its line of tough technical clothes from its modest beginning.
Chouinard said in 2022 that he would transfer his ownership of Patagonia to trust, ensuring that the company’s earnings would go toward combating climate change.
Net Worth Of Yvon Chouinard
His net worth is estimated to be $2 billion.