Celebrity Biographies
Nicholas Woodman Biography and Net Worth
Nicholas D. Woodman is the American entrepreneur behind GoPro. He serves as the company’s founder and CEO.
Who is Nicholas Woodman?
Nicholas Woodman is an American entrepreneur known for founding GoPro, a technology company famous for its action cameras.
Bio Data
| Name | Nicholas Woodman |
| Gender | Male |
| Date of Birth | 1975 |
| Age | 48 years old |
| Place of Birth | Santa Clara County |
| Profession | Businessperson, Entrepreneur |
| Nationality | United States of America |
| Net worth | $300 Million |
Nicholas Woodman Biography
Nicholas Woodman was born and raised in California. His parents divorced, and his mother remarried Irwin Federman.
Woodman attended Menlo School and then the University of California, San Diego, where he studied visual arts and creative writing.
After college, he created startups EmpowerAll.com and Funbug. With a $235,000 investment from his father and support from his parents’ venture capital connections, Woodman launched GoPro.
Career
Woodman traveled the world, surfing and taking pictures. This inspired him to create a camera that could record high-quality close-up videos while attached to the photographer’s body. This idea led to the birth of GoPro and its first camera. To raise money for GoPro’s start, Woodman sold belts from Indonesia with a significant markup. The initial GoPro camera was waterproof, had Wi-Fi, could be controlled remotely, and had 64 GB of memory, all for under $300. When a Japanese company ordered 100 units, Woodman knew he had something special. Sales skyrocketed, reaching 2.3 million cameras in 2012.
GoPro went public on NASDAQ in June 2014, with an impressive 38% surge on the first day, reaching a $3 billion market cap. At its peak, GoPro was worth $11 billion, making Woodman’s net worth $4.5 billion. However, the stock eventually declined, leading to layoffs and a drop in net worth. In 2020, Woodman’s net worth settled at $300 million.
In 2016, GoPro faced a class action suit for alleged misleading statements about their Karma drones. The product was discontinued in 2018, and rumors circulated about GoPro being up for sale. Woodman considered partnership options. The COVID-19 pandemic led to layoffs, affecting over 20% of GoPro’s workforce. In March 2020, GoPro acquired ReelSteady, a stabilization software company.
Regarding real estate, Woodman acquired a 150-acre California ranch, “Boogie Ranch,” for $13.7 million in 2014. The property boasts a five-bedroom home, guest cottages, a bocce court, a pool, and a tractor barn. In July 2020, Woodman listed the ranch for $20 million after previously selling a nearby home for $18.4 million, which he had purchased for $12.5 million in 2011.
Net Worth
Woodman has an estimated net worth of $300 million, he is GoPro’s founder, renowned for action cameras. Ernst & Young named him Entrepreneur of the Year Retail and Consumer Products, 2013.
GoPro’s HERO3 HD won a Technology & Engineering Emmy in 2014. In 2015, he was featured on “Forbes” list.
Personal Life
Nicholas Woodman, founder of GoPro, married Jill Scully in 2012. They own properties in California, Montana, and Hawaii, a Gulfstream V jet, and a 180-foot yacht. Their foundation supports various charitable causes.
FAQs
Q: Who is Nicholas Woodman?
A: Nicholas Woodman is the founder of GoPro, a well-known company that makes action cameras.
Q: How much is Nicholas Woodman worth?
A: Nicholas Woodman is estimated to be worth around $300 million.
Q: What philanthropic activities is Nicholas Woodman involved in?
A: Nicholas Woodman, along with his wife Jill, runs the Jill + Nicholas Woodman Foundation. They have made significant donations
More Articles on RNN:
Noel Biderman Biography and Net Worth