Lululemon founder Chip Wilson, wife reportedly split without prenup
Fox Business • • business
Key Points:
- Chip Wilson, founder of Lululemon Athletica, and his wife Shannon "Summer" Wilson are divorcing after more than 20 years of marriage, with the case filed in British Columbia's Supreme Court in April.
- There is no prenuptial agreement between the couple, and under British Columbia law, assets gained in value during the marriage are typically divided equally, though assets owned before marriage remain excluded.
- Chip Wilson, credited with pioneering the athleisure market, holds an estimated net worth of $6.1 billion and owns about 8.6% of Lululemon, while Summer Wilson owns nearly 1%, with their stakes valued at nearly $1 billion and $100 million respectively.
- Both left Lululemon over a decade ago, but Chip Wilson remains a major shareholder and influential voice in the company's direction; Summer Wilson was the founding lead designer and played a key role in the brand's early development.
- This divorce adds to a trend of high-profile billionaire separations, such as Amazon founder Jeff Bezos and MacKenzie Scott’s 2019 divorce, which involved significant division of company shares.
