Gymshark CEO Ben Francis has been named one of the world's youngest billionaires in 2023, according to Forbes. The 30-year-old entrepreneur has a net worth of $1.2 billion (£960 million), making him one of the four self-made billionaires on the list.

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Francis founded the omnichannel retailer in 2023 and has since seen the company grow to become one of the most successful sportswear brands in the world. Last year, the company opened its flagship store in London, which is 18,000sq ft and fully equipped with tech, including adjustable screens and mobile point of sale systems. The store also features a dedicated Joe & the Juice concession offering hot drinks, sandwiches, and protein shakes.

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In January of this year, Francis was recognised with an MBE for services to the business sector in the King’s New Year’s Honours list. In a Linkedin post, Francis expressed his gratitude for the award, saying: “I can’t believe it but I’ve been awarded the honour of an MBE. This is probably the most surreal feeling I’ve had when being given an award. I’m so grateful to all those around me who support me in all that I do at Gymshark.”

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Francis joins the likes of Palmer Luckey, who sold his first startup, Oculus, to Facebook in 2014 for $2 billion (£1.6 billion). His success is a testament to the power of entrepreneurship and the potential of young people to make a difference in the world.

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According to Forbes, the number of billionaires in the world has increased by more than 50% since the start of the pandemic, with the total number now standing at 2,755. Francis is one of the youngest billionaires on the list, and his success is a testament to the power of entrepreneurship and the potential of young people to make a difference in the world.

Sources:

https://internetretailing.net/gymshark-ben-francis/

https://www.forbes.com/billionaires/list/
Sources: https://internetretailing.net/gymshark-ben-francis/