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Lululemon Couple’s Forgotten Fashion Empire Amid Shock Divorce
Bloomberg says the couple lacks a prenuptial agreement, raising questions over how their estimated $6.1 billion in assets may be divided.
- Lululemon founder Chip Wilson, 71, and his wife Shannon Summer Wilson, 52, are divorcing after 20 years of marriage without a prenuptial agreement, with a family-law proceeding filed in British Columbia's Supreme Court in April.
- The couple wed in 2002 and built Lululemon together, with Chip founding the company in 1998 and Shannon serving as founding lead designer; Chip credited her with playing a huge part in growing the brand into an $11 billion company.
- Chip Wilson holds approximately 8.6 per cent of Lululemon worth nearly $1 billion and roughly 18 per cent of Amer Sports valued at $3 billion, while Shannon owns about 1 per cent of Lululemon worth around $100 million.
- Under British Columbia's Family Law Act, family property is generally divided equally upon separation, though courts may exclude pre-relationship assets or order unequal division if equal distribution would be significantly unfair.
- The absence of a public prenup contrasts with billionaire precedents: Jeff Bezos's 2019 divorce from MacKenzie Scott resulted in a $38 billion settlement after 25 years, prompting Bezos to sign an iron-clad prenup before marrying Lauren Sanchez last year in Venice.
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The New York Ledger
The New York LedgerLululemon billionaire Chip Wilson, wife divorcing after 20-plus years without prenup: report
The reported divorce between Chip Wilson and Shannon "Summer" Wilson ends a marriage and business partnership that helped build Lululemon into a global athleisure brand.
·New York, United States
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 37%
R 50%
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