Bloomberg, citing a person familiar with the matter, also reported that there is no prenuptial agreement between the couple, though it remains unclear how the divorce could affect the division of their assets.<\/p>\n
LAUREN S\u00c1NCHEZ PLAYS MAJOR ROLE IN DEPLOYING BEZOS’ FULL $10 BILLION CLIMATE FUND BY END OF DECADE: REPORT<\/a><\/p>\n Chip Wilson, founder of Lululemon Athletica, and his wife, Shannon “Summer” Wilson, attend a news conference in Vancouver, British Columbia, on Sept. 15, 2022. (Taehoon Kim\/Bloomberg via Getty Images)<\/p>\n Lululemon and Chip Wilson could not immediately be reached by FOX Business for comment.<\/p>\n Chip Wilson<\/a>, 71, founded Vancouver-based Lululemon in 1998, according to Bloomberg.<\/p>\n He is widely credited with helping pioneer the athleisure apparel market.<\/p>\n According to the Bloomberg Billionaires Index, Chip Wilson has an estimated net worth of roughly $6.1 billion.<\/p>\n Summer Wilson, 52, served as the company’s founding<\/a> lead designer, according to her website. Chip Wilson has previously credited her with playing a key role in building the brand during its early years, Bloomberg reported.<\/p>\n LULULEMON HALTS ONLINE SALES OF NEW LEGGINGS AFTER ‘SEE-THROUGH’ CLAIMS<\/a><\/p>\n Chip Wilson is widely credited with helping pioneer the athleisure apparel market. (Taehoon Kim\/Bloomberg via Getty Images)<\/p>\n The couple married in 2002.<\/p>\n Though both left the company more than a decade ago, Chip Wilson remains one of Lululemon’s largest shareholders and has continued to publicly weigh in on the retailer’s<\/a> direction, Bloomberg reported.<\/p>\n He owns roughly 8.6% of the company, a stake worth<\/a> just under $1 billion, while Summer Wilson owns nearly 1%, valued at about $100 million, according to Bloomberg.<\/p>\n Under British Columbia law, assets owned before a marriage generally remain excluded from division, while any increase in their value during the marriage is generally considered family property and is typically divided equally.<\/p>\n “In British Columbia, the value of assets brought into the marriage is not shareable, but the gain is called family property and presumptively divided 50-50,” Lorne MacLean KC, founder of Vancouver-based MacLean Law, told The New York Post<\/a>.<\/p>\n BILLIONAIRES AND BUSINESSES FUEL GROWING EXODUS FROM BLUE STATES<\/a><\/p>\n Chip Wilson remains one of Lululemon’s largest shareholders and has continued to publicly weigh in on the retailer’s direction.\u00a0 (Isabella Falsetti\/Bloomberg via Getty Images)<\/p>\n The Wilsons’ reported split joins a number of high-profile billionaire divorces in recent years.<\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n Amazon founder Jeff Bezos<\/a> and MacKenzie Scott finalized their divorce in 2019. Scott received a roughly 4% stake in Amazon, then valued at about $36 billion, BBC News<\/a> reported at the time.<\/p>\n In 2021, Microsoft co-founder Bill Gates and Melinda French Gates divorced after 27 years. Following the announcement, Bill Gates transferred billions of dollars in stock to Melinda French Gates, according to Vanity Fair<\/a>.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Check out what’s clicking on FoxBusiness.com. Lululemon Athletica Inc. founder Chip Wilson and his wife and longtime business…\n","protected":false},"author":2,"featured_media":840088,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-840087","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/840087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=840087"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/840087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/840088"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=840087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=840087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=840087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Lululemon](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/09\/lululemon-founder-chip-wilson-and-summer-wilson-1.jpg\")
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