Nicholas Woodman Net Worth
Nicholas Woodman net worth and salary: Nicholas Woodman is an American entrepreneur who has a net worth of $300 million. He earned fortune and fame as the founder of GoPro.
Nicholas Woodman graduated from the University of California, San Diego with a degree in Visual Arts. He started his own company after graduation, but it subsequently folded. In 2002, he set off around the world, surfing. While attempting to photograph his surfing experiences, he came up with the idea for an affordable camera that could capture quality close-up footage, while being attached to the photographer's body. This led to the founding of GoPro, and the GoPro camera.
The first version of the camera was waterproof, had WiFi, could be remote controlled, and had 64 GB of memory. It also cost less than $300. He knew he was on to something when a Japanese company ordered 100 units. Sales grew astronomically. The company sold 2.3 million cameras in 2012.
On June 26, 2014 GoPro finally went public on the NASDAQ under the ticker symbol GPRO. On the first day of trading, the company surged 38% and hit a market cap of $3 billion. On the second day of trading, the stock surged another 20%, giving the company a $3.25 billion dollar market cap. At that valuation, Woodman's 45% stake officially gave him a net worth $1.45 billion. At the peak of GoPro's stock performance, the company was worth $11 billion and Nick Woodman was worth $4.5 billion.
Unfortunately the ride didn't last forever. GoPro's stock eventually took a big slide. In January 2016, GoPro announced it was laying off 7% of its workforce after losing 80% of its share price. Woodman's net worth dipped below $1 billion. In January 2018, GoPro announced it was doing another big round of layoffs. By this point, the company's share price was down 90% from its peak and Woodman's net worth was $800 million. As GoPro stock continued to slide, Nick's net worth sun to $300 million in July 2020. Still extremely wealthy, but a far craw from being worth $4.5 billion.
|Net Worth:||$300 Million|
|Date of Birth:||1975|
|Nationality:||United States of America|