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This article is based on our research for the Canadian Family Office database, which features the largest family investment vehicles in Canada. These offices focus on diverse sectors, including financial markets, real estate, venture capital, private equity, and renewable energy.
The Canadian businessman, investor, and philanthropist
Dennis J. “Chip” Wilson is a Canadian entrepreneur best known for founding Lululemon Athletica Inc.. The yoga-inspired sportswear brand pioneered the athleisure trend. Before Lululemon, he founded Westbeach Snowboard Ltd. in 1979, which targeted the surf, skate, and snowboard markets. He sold Westbeach Snowboard Ltd. in 1997 and started Lululemon shortly after in 1998. In the year 2000, he opened his first store in Vancouver.
Wilson was chief executive until 2005 and took the company public in 2007. He stepped down from the management team altogether in 2015, but remains Lululemon’s largest single shareholder, with an 8% stake in the company. So far, he has sold off pieces of his stake in the company, first in 2014 when he sold a chunk for $845m and again in 2019 for $800m. He has been able to increase his wealth further through a family office and other investment vehicles. Chip Wilson is estimated to be worth around $5.4 billion as of November 2024.
About House of Wilson, the Chip Wilson family office
The House of Wilson, the family office of Chip Wilson, is based in Vancouver and oversees the investments, initiatives and philanthropic endeavours of the Wilson family. With a focus on technical apparel, real estate, philanthropy, private equity and passive investments, the office operates through five main entities. Wilson Capital and Low Tide Properties focus on private investments, while Solve FHSD, imagine1day and the Wilson 5 Foundation manage the House of Wilson’s philanthropic activities.
Wilson Capital serves as the primary investment management platform and is active in both public and private markets. Low Tide Properties focuses on property investment and management. It has properties in Vancouver and Seattle and plans to expand internationally. Solve FHSD is working to cure the neuromuscular disease FHSD by 2027. It is backed by a $100 million commitment. Imagine1day, established in 2007, aims to ensure Ethiopian children receive quality education by 2030 without relying on one dollar of foreign aid. Meanwhile, the Wilson 5 Foundation provides support to British Columbia through land conservation, park creation, and public art projects that encourage physical activity.
Picture Source: P. L. via Unsplash
Last Updated on November 15, 2024
