Greg Glassman Net Worth

Greg Glassman net worth:

Greg Glassman is an American businessman and entrepreneur who has a net worth of $100 million. Glassman is greatest recognized for being the co-founder of CrossMatch, Inc. Today Glassman owns 100% of the model after shopping for out his co-founder, his ex-wife Lauren Jenai. Crossfit earns roughly $50 million per 12 months in fitness center licensing charges alone and $100 million complete from all earnings sources (Reebok sponsorship, tv licensing charges, and merchandise). Glassman resigned as CEO in June 2020 in the wake of an insensitive assertion he made on Twitter associated with the demise of George Floyd.

He and his ex-wife Lauren Jenai co-founded the health firm in 2000. They conceived the branded health routine, initially known as “Cross-fit”, in 1996. The parts of CrossMatch contain 9 basic actions woven collectively right into an exercise of the day (WOD). After divorcing, Glassman purchased Jenai’s share of the corporate for $16 million, utilizing a mortgage from Summit Partners.

He began his health profession working as a gymnastics coach at a Y.W.C.A. in California 18 years previous. Glassman would go on to coach celebrities and athletes in Southern California. 12 months later, Glassman opened the primary CrossMatch fitness center in Santa Cruz. In 2001 he launched crossfit.com and in 2003 the CrossMatch affiliation program started.

As of 2009, there have been greater than 1,000 CrossMatch associates the world over. Fast ahead a decade and there have been 15,000 Crossfit gyms around the globe, everyone paying an annual charge to hold the “Crossfit” title.

Controversy:

In June 2020 Greg made what many individuals interpreted as a racist comment over Twitter associated with the homicide of George Floyd and racial injustice. In response to the tweet, Reebok ended its 10-year contract with Crossfit that made the attire model the elusive licensee of Crossfit merchandise. Furthermore, plenty of the sports activities’ most-famous athletes strongly rebuked Glassman. Several present athletes introduced that they’d not carry out in the 2020 Crossfit Games. Hence, Rogue Fitness, which provides energy coaching tools for the Crossfit Games. Introduced it will eradicate the Crossfit brand from its merchandise on the 2020 occasion.

So, in response to the outcry, Glassman launched a press release that learn: “I, CrossFit HQ, and the CrossFit community will not stand for racism. I made a mistake with the words I chose yesterday. My heart is deeply saddened by the pain it has caused. It was a mistake, not racist but a mistake”.

Glassman resigned as CEO of Crossfit on June 10, 2020.