Nick Woodman net worth

Nick Woodman net worth

Nick Woodman net worth:

$800 Million

Nick Woodman Net Worth
Nick Woodman
Net Worth $800 Million
Date of Birth June 24, 1975
Age 44
Nationality United States of America
Source of Wealth Founder of GoPro
Last Updated 2019

Introduction

Nick Woodman is an American businessman who is the CEO and founder of GoPro camera which is specifically designed for sports enthusiasts to get clear and close up videos.

Nick Woodman’s net worth is now estimated $800 million as of 2019 which is down by more than 3 billion where his net worth touched 3.9 billion after IPO launch of GoPro. Over the time share price of GoPro fell significantly.

Early Life

Nicholas Woodman is based in Woodside, California, and graduated from the University of California – San Diego with a degree in Visual Arts.

GoPro was not his first business venture, before this he was working on two different concepts.

First, he made a .com website named empowerall.com, a website selling electronics goods in incredibly small markups.

And the second was Funbug, a gaming website which allows people to play and chance to win cash prize.

But both of his idea failed but provided the foundation for GoPro.

Founding GoPro

After the failure in two startups he set off to around the world for surfing in 2002.

During his surfing tour in Australia and Indonesia, he tried to capture his surfing experience using a 35mm small camera. But he find it very difficult to capture good quality videos with it. This is the moment when he got the idea of GoPro.

Nick’s idea was to build a affordable camera which could be attached to to the photographer body to take quality close up video easily. As a result GoPro and GoPro Camera has been born.

The first version of the camera was water proof, wifi enabled, remote controlled with 64 GB of memory. Initial price of the camera was around $300.

He realized that he was on something when one Japanese company ordered 100 camera from his company. From that point of time the growth of his company has seen tremendous growth.  In 2012 itself, company sold around 2.3 Million camera.

On June 24 2014 finally his company went in public and listed in NASDAQ under the ticker symbol GPRO.

Nick Woodman favorite quotes

Below are the few favorite quotes of Nick Woodman:

Your passions are a bit like your fingerprints: Everybody has them; everybody’s are different. One’s passions may just be a guidebook to one’s life. –Nick Woodman

I can sell anything that I totally believe in, but I’m a horrible salesman of something I don’t believe in. –Nick Woodman

I was inspired by how Red Bull isn’t about the drink; it isn’t about the product or the can. Red Bull is a platform to celebrate all that humans are capable of accomplishing. They built a lifestyle movement, a brand that sold this product. . –Nick Woodman

Keeping people fired up starts with having a really clear vision for what the company is aiming to do. –Nick Woodman

You don’t have to raise millions of dollars to be successful, you just have to work on something you are passionate about. –Nick Woodman

Summary

Nick Woodman is no longer a Billionear after the declining of share price of GPRO. But it’s a great success.

Nick Woodman net worth is estimated to still $800 Million in 2019.

 

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