Vancouver billionaire Chip Wilson briefly cracks list of world’s 500 richest
Vancouver billionaire Chip Wilson briefly found himself among a very exclusive club earlier this week.
According to Bloomberg, the Lululemon founder’s fortune climbed to $3.9 billion on Tuesday, driven by a surge in the yogawear company’s stock.
That boost in net worth was enough to crack Bloomberg’s Billionaires Index — with Wilson ranking as the 496th richest person on Earth.
READ MORE: Founder Wilson resigns from Lululemon board
The index is calculated every day at the end of the trading day, and Wilson has since fallen off the 500-place list.
Wilson remains a shareholder in Lululemon, with a 13 per cent stake in the company, according to Bloomberg.
That’s despite a departure from the company that has been described as acrimonious at times. Wilson dumped half his Lululemon stock in 2014, and resigned from the company’s board in in 2015.
WATCH: Chip Wilson CEO resigns from Lululemon
Last year, he took out a bus stop ad outside Lululemon’s Kitsilano headquarters urging the company to acquire sportswear company Under Armour.
Wilson is also no stranger to appearing on wealth-based lists.
He regularly tops the list of most expensive B.C. properties for his Point Grey Road mansion, which was valued at more than $78 million this year.
Wilson was not the only British Columbian on the list. Automotive, grocery and advertising mogul Jim Pattison sits at number 200 on the ranking, with a net worth of $7.53 billion.
Eleven other Canadians are also on the list, including Alibaba co-founder Joseph Tsai, who at 140th overall, is the top-ranked Canadian with a net worth of $10 billion.
Maritimes-based oil and shipping magnates Arthur and JK Irving also both made the list.
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