Paul Fireman
Overview
- Source of Wealth
- Reebok
- Industry
- Fashion & Retail
- Residence
- Brookline, Massachusetts
- Marital Status
- Married
- Children
- 3
Biography
Paul Fireman bought the US distribution rights for a British company in 1979, turned it into Reebok and rode the sneakers & aerobics craze in the 80s.
Nike pulled ahead in the early 1990s, and shareholders demanded that Fireman step down in 1996, which he eventually did.
Fireman returned in 1999 and revived the business before selling it to Adidas for $3.8 billion in 2005, a deal that earned him $600 million.
Fireman owns Liberty National Golf Course, a $250 million country club built on a New Jersey landfill overlooking the Statue of Liberty.
About
Liberty National Golf club is one of the most exclusive courses in the world, with members reportedly paying $500,000 to join.
Before creating Reebok, Fireman was an officer in an outdoor sports distributorship.