Lululemon billionaire Chip Wilson, wife divorcing after 20-plus years without prenup: report
Lululemon founder Chip Wilson and his wife, Shannon Summer Wilson, are divorcing after more than 20 years of marriage. Reports indicate the couple did not sign a prenuptial agreement, which may lead to a split of their multibillion-dollar fortune. The absence of a prenup raises questions regarding the distribution of Wilson's Lululemon holdings and overall wealth. Some reports suggest this could result in a 50-50 asset division.
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- ✓ Lululemon founder Chip Wilson and Shannon Summer Wilson are divorcing.
- ✓ The couple was married for more than 20 years.
What changed
Reports now specify the marriage lasted over 20 years and lacked a prenuptial agreement.
Live updates
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Lululemon Founder Chip Wilson and Wife Shannon Summer Wilson Divorcing
Lululemon founder Chip Wilson and his wife, Shannon Summer Wilson, are divorcing after more than 20 years of marriage. Reports indicate the couple did not sign a prenuptial agreement, which may lead to a split of their multibillion-dollar fortune. The absence of a prenup raises questions regarding the distribution of Wilson's Lululemon holdings and overall wealth. Some reports suggest this could result in a 50-50 asset division.
Why it matters
Chip Wilson established Lululemon prior to his marriage. The potential division of assets is significant given his status as a billionaire and the company's market value.
What is confirmed
- Lululemon founder Chip Wilson and Shannon Summer Wilson are divorcing.
- The couple was married for more than 20 years.
Still unconfirmed
- The couple's fortune is valued at 6.1 billion dollars.
What to watch next
- Court filings confirming the existence or absence of a prenuptial agreement
- Official statements from Chip Wilson or legal representatives regarding asset division
- Disclosures regarding changes to Lululemon share ownership
confidence 90%Sources used for this update (7)
- Bloomberg.com — Lululemon Founder Chip Wilson and His Wife Are Divorcing
- Vancouver Sun — Lululemon founder Chip Wilson and wife Shannon 'Summer' Wilson are divorcing
- www.foxbusiness.com — Lululemon billionaire Chip Wilson, wife divorcing after 20-plus years without prenup: report
- Fox Business — Lululemon billionaire Chip Wilson, wife divorcing after 20-plus years without prenup: report
- New York Post — Billionaire Lululemon founder Chip Wilson's no-prenup divorce could cost him painful 50-50 split
- Nine.com.au — Billionaire Lululemon founder to divorce wife of 20 years with no prenup: report
- www.thewealthadvisor.com — Chip Wilson Built Lululemon Before He Married. The $6.1 Billion Question Is What Happened After.
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