Close this search box.

Gymshark and Lounge Underwear CEO’s make Sunday Times 35 under 35 Rich List

Gymshark’s co-founder and CEO, Ben Francis and Lounge Underwear co-founders Dan and Melanie Marsden have been named in the new edition of The Sunday Times 35 under 35 Rich List.

Francis, who set up the sportswear brand in 2012, and opened its first flagship store in London last year, was ranked fourth on the list, building a £900 million fortune in just over a decade.

He was also recently named one of the Worlds Youngest billionaires by Forbes, and received an MBE.

Click here to sign up for our newsletter

However, this follows from the sportswear brand reporting a loss in pre-tax profits to £27.8 million in the year to 31 July 2022, down from £45.4 million the year before, a decrease of 39%.

The Rich List also included Dan and Melanie Marsden, the co-founders of lingerie brand Lounge Underwear, who were ranked 12th on the list, with a reported net worth of £151 million.

Reece Wabara, the founder of fashion brand Manière De Voir was ranked 19th on the list, reporting a net worth of £83 million, with sportswear brand ABYL’s Reiss & Kris Edgerton being ranked 24th on the list.

“Despite the tougher business environment, we have many impressive entrepreneurial stories in this year’s Sunday Times Rich List,”

“We know our readers are particularly fascinated by those from humble backgrounds who start their own businesses, work hard and go on to build profitable businesses.” Robert Watts, compiler of The Sunday Times Rich List, said.

“Our new 35 Under 35 list includes men and women who have quickly built fortunes from fashion, vodka, lingerie and perfume. Many of these young guns are already employing hundreds of people and some will go on to be the future of the British economy.”

Image credit: Gymshark

Read More

Register for Newsletter

Group 4 Copy 3Created with Sketch.

Receive 3 newsletters per week

Group 3Created with Sketch.

Gain access to all Top500 research

Group 4Created with Sketch.

Personalise your experience on