Saw this in another thread. This website claims that Nick Symmonds has a net worth of $72 million. I call BS. No way he made all that running. He was always whining about how little runners actually make. How much of that would be from running and how much is Run Gum?
Almost all of that is tied to run gum and hes not really worth that much unless he sells the company. Hes still probably cash poor
Coevett wrote:
Cuckoldistan wrote:
Almost all of that is tied to run gum and hes not really worth that much unless he sells the company. Hes still probably cash poor
If his company is worth that, then he's easily the richest runner in history.
I doubt if it's worth as much as that, although it must be doing quite well now given that some of Nick's YouTube videos get over a million views worth of advertising for Run Gum.
Ron Hill might be worth that.
>then he's easily the richest runner in history
How many other runners started their own sucessful company? I wouldn't doubt the company is worth several mil, Run Gum is now in target and his videos are getting millions of views. But again, he's not "rich" until he sells since all of his net worth is tied to the company.
Cuckoldistan wrote:
Coevett wrote:
If his company is worth that, then he's easily the richest runner in history.
I doubt if it's worth as much as that, although it must be doing quite well now given that some of Nick's YouTube videos get over a million views worth of advertising for Run Gum.
Ron Hill might be worth that.
>then he's easily the richest runner in history
How many other runners started their own sucessful company? I wouldn't doubt the company is worth several mil, Run Gum is now in target and his videos are getting millions of views. But again, he's not "rich" until he sells since all of his net worth is tied to the company.
MSc/MBA in Business here. Here you can see his company:
https://pitchbook.com/profiles/company/228556-182018 - Crowdfunded 22k to start the company
2019 - Raised $800k in seeding round, in turn for % ownership of Rungum
This is in NO way a $70M valuated company. $2-3M seems much more reasonable. The biggest plus is the listing in CVS and Target.
Coevett wrote:
[quote]Cuckoldistan wrote:
Almost all of that is tied to run gum and hes not really worth that much unless he sells the company. Hes still probably cash poor
If his company is worth that, then he's easily the richest runner in history.
quote]
Ever heard of Phil Knight?
Usain Bolt?
The guy that was an early AirBnB employee/investor?
LateRunnerPhil wrote:
Cuckoldistan wrote:
>then he's easily the richest runner in history
How many other runners started their own sucessful company? I wouldn't doubt the company is worth several mil, Run Gum is now in target and his videos are getting millions of views. But again, he's not "rich" until he sells since all of his net worth is tied to the company.
MSc/MBA in Business here. Here you can see his company:
https://pitchbook.com/profiles/company/228556-182018 - Crowdfunded 22k to start the company
2019 - Raised $800k in seeding round, in turn for % ownership of Rungum
This is in NO way a $70M valuated company. $2-3M seems much more reasonable. The biggest plus is the listing in CVS and Target.
1.) you have no idea at what valuation that $800k was raised and that was a year ago
2.) getting listed in CVS/target will have raised the valuation even more
3.) Its possible some of that $72mil net worth is not all from run gum, could be some of it is tied to his personal brand and youtube channel.
Rungum only has space in a selection of those stores, not all of them.
I could see him earning 7 figures. Not worth 70MM.
I am not being mean, but it is extremely evident that most of you have never started a business or invested in a start-up company. I wish Nick and RunGum all the success in the world, but if RunGum is a $70MM company, then I am a panda.
Richolas Symmonds wrote:
Saw this in another thread. This website claims that Nick Symmonds has a net worth of $72 million. I call BS. No way he made all that running. He was always whining about how little runners actually make. How much of that would be from running and how much is Run Gum?
If you saw it in another thread, then why make a new thread about it? This is why Nick and his dumb bull$hit never go away, morans like you keep reposting the same garbage.
That's a funny page.
" He once dated Paris Hilton"
I think he once publicly said that he wanted to ask her out.
Worth $72 million?
Sure. OK
An energy supplement that contains zero calories? .....what is this, the perpetual motion machine's fuel?
Coevett wrote:
If his company is worth that, then he's easily the richest runner in history.
.
Are you guys crazy? Chris Lukezic, who retired on LetsRun.com, just 10+ years ago is now worth A TON as he was one of the 1st employees of Airbnb.
https://www.letsrun.com/forum/flat_read.php?thread=3296796Details here:
https://www.letsrun.com/forum/flat_read.php?thread=4156899Now $72 million and $1.3 billion are probably both WAY off but I'd be shocked if Lukezic isn't worth way more than Symmonds.
Star wrote:
That's a funny page.
" He once dated Paris Hilton"
I think he once publicly said that he wanted to ask her out.
Worth $72 million?
Sure. OK
They ended up going to lunch together.
He has invested heavily in nuts. His financial portfolio is completely nuts.
Valuation could be determined by maybe 2 x cashflow (revenue) or maybe 4-5 x profit
I have seen people running shitty consulting businesses out of shared office space claim their business was worth 5 million. Yeah sure its worth 5 million if you were to sell the expected value of all your time and your two employees over the next 30 years. But you certainly dont have 5 million.
Lots of billionaire runners, including Tom Steyer who supposedly ran on the Stanford track team
https://www.forbes.com/pictures/fihh45hffd/richard-branson/#5fb4ff7d4c41
Someone told me that he also owns a chain of tanning salons so he must be drawing income from that.
Coevett wrote:
If his company is worth that, then he's easily the richest runner in history.
I don't understand what people get out of lying about easily fact-checked things online. No one believes you. Even if they did, what would you get out of it?
Richolas Symmonds wrote:
Saw this in another thread. This website claims that Nick Symmonds has a net worth of $72 million. I call BS. No way he made all that running. He was always whining about how little runners actually make. How much of that would be from running and how much is Run Gum?
https://celebstrendingnow.com/nick-symmonds-net-worth/
It is important to understand net worth, I don't earn much money these days, but my home, investments/retirement sayings makes me seem almost rich. Nick's high net worth is probably based on his company's valuation. Btw, there is a big difference between valuation, profit and what Nick gets to put in his pockets.