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Billionaire Lululemon founder Chip Wilson's no-prenup divorce could cost him painful 50-50 split
New York Post • • business
Key Points:
- Lululemon founder Chip Wilson, with a fortune estimated between $4.9 billion and $6.1 billion, faces a potentially costly divorce in British Columbia where, without a prenuptial agreement, marital gains are typically split 50-50.
- In BC, assets brought into the marriage are excluded from division, but any increase in their value during the marriage is considered family property and subject to equal sharing, which could significantly impact Wilson's wealth.
- Wilson and his wife Summer, who was Lululemon’s founding lead designer, have intertwined business and family interests, including shared stakes in Lululemon, their family office House of Wilson, and charitable foundation Wilson 5.
- Wilson’s holdings include nearly $3 billion in Amer Sports, a substantial Lululemon shareholding, and extensive real estate valued at hundreds of millions, all of which could be affected by the division of family property.
- Beyond property division, Wilson may also face significant spousal support obligations, as Canadian courts often award generous support in high-net-worth divorces.
