Rank #2658
Paul Fireman
Net worth $1.5B
Reebok · United States
- Born
- Feb 14, 1944
- Age
- 82
- Source
- Reebok
- Residence
- Brookline, Massachusetts
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Paul Fireman bought the US distribution rights for a British company in 1979, turned it into Reebok and rode the sneakers & aerobics craze in the 80s.
- Nike pulled ahead in the early 1990s, and shareholders demanded that Fireman step down in 1996, which he eventually did.
- Fireman returned in 1999 and revived the business before selling it to Adidas for $3.8 billion in 2005, a deal that earned him $600 million.
- Fireman owns Liberty National Golf Course, a $250 million country club built on a New Jersey landfill overlooking the Statue of Liberty.
- Liberty National Golf club is one of the most exclusive courses in the world, with members reportedly paying $500,000 to join.
- Before creating Reebok, Fireman was an officer in an outdoor sports distributorship.