- The New You are not able to Times reported that Patagonia’s owners will not have a cellphone or computer.
- Yvon Chouinard lived from their car, and ate feline foods as a specialized climber in the 1960s.
- The 83 year-old gives away Patagonia worth $3 billion to charity and trust.
The owner of PatagoniaThe plans of To be able to establish a trust and non-profit, leave the outdoor-apparel retail store out of your equationThey used to live in their car once and will never use a cell phone again. The Completely new York Times reported.
Before founding Patagonia in 1973, Yvon Chouinard had been a professional climber in California’s Yosemite Valley. According to the newspapers, he used to live in fear of his car and eat damaged cans feline food for $0.05 each.
He wrote that he “found gas money by diving into trash cans and redeeming soda pop baby bottle bottles,” in 2005. bookAlso known as Let My People Surfing: Training a new Reluctant Entrepreneur.
Chouinard wrote that he would spend less than six months a year travelling around Upper America and Europe to catch soil squirrels, as well as living on $0.50 per day. Forbes reported.
Forbes says that this was the time he made his living by selling off climbing equipment from his car. After that, he began to import and offer shorts, gloves, hats and jerseys.
Patagonia’s annual sales exceed $1 billion. It also has profits of approximately $100 million. The organization is often valued at approximately $3 billion.
According to the newspaper, Chouinard still wears old clothes and drives a Subaru that is in disrepair. It also has two small homes in California and Wyoming. It was reported that he doesn’t have a cellphone or computer.
On Wednesday, Chouinard explained that he was moving Patagonia to a new trust in and non-profit.Patagonia will use its profits to combat the climate crisis in the region.
He said, “We needed to be in a position to be capable of putting a higher price on preventing the crisis while trying not to damage the company’s core values.” Submitted.
He stated that even if he had previously sold Patagonia, and was given the money to do so, he wouldn’t be able make sure the new owner took care of its employees as well as its values. Chouinard said that taking the company public would already have been a “disaster”.
Chouinard, a passionate environmentalist, has also introduced these values into their company. Patagonia is often a certified organization. B CorporationAn example of this was An early adopter of organic cottonIt donates 1% of its sales and a significant portion to environmental causes. It was established in 2016. All Black Friday Sales DonatedTo your local environmental groups.
ForbesChouinard, who was worth about $1.2 000 before he quit as CEO of the company, predicted the move would make him a billionaire.
