Nick Woodman Net Worth

$300 Million

Last Updated:

Jeff Bezos Net Worth

What is Jeff Bezos' net worth? Jeff Bezos is now...

Eminem Net Worth

What is Eminem's net worth? As of , Eminem's...

Jordan Belfort Net Worth

What is Jordan Belfort's net worth? Introduction Jordan Belfort's net worth...

Cristiano Ronaldo Net Worth

What is Cristiano Ronaldo's net worth? As of ,...

Justin Bieber Net Worth

What is Justin Bieber's net worth? Introduction As of ,...

What is Nick Woodman’s net worth?

Net Worth:$300 Million
Age:47
Born:June 24, 1975
Gender:Male
Height:1.93 m (6 ft 4 in)
Country of Origin:United States of America
Source of Wealth:Founder of GoPro
Last Updated:August 2, 2022

Introduction

Nick Woodman’s net worth is now an estimated $300 Million As of February 2023, which is down by almost $2 billion from several years ago; after GoPro share prices fell significantly.

Nick Woodman is well known as the founder of GoPro, a camera that’s designed specifically to help sports enthusiasts and adrenaline junkies get incredibly clear and close up videos.

They’re often used in water sports, skydiving, biking, and so on. However, they can also be used as a general video camera and come with a range of accessories to help fit in with the requirements of any extreme activity.

But how exactly did he come up with the idea of the GoPro, and how did he manage to make it such a success?

 

Early Life

Nick Woodman was born on the 24th of June 1975 and raised in California, which was where he attended university and achieved his degree in visual arts.

The GoPro wasn’t the first business venture of Nick’s; as he’d actually previously attempted at building two companies before.

The first was called Empowerall.com, a website selling electronic goods for incredibly small markups. And the second was Funbug, a gaming website that allowed people the chance to win cash prizes.

Unfortunately, they were both failures, but it gave Nick the experience he needed to succeed with GoPro.

 

Founding GoPro

After Woodman failed with his first two startups, he decided to travel the world to go surfing.

During his surfing tour in Australia and Indonesia, he attached a small 35mm camera to his hand using just a rubber band, in order to capture videos of himself whilst surfing.

Since many extreme sports enthusiasts like Nick Woodman are probably not professional photographers, and had been struggling to capture high-quality recordings of their sports activities, that’s where Nick’s inspiration came from for the GoPro.

Nick’s idea was to create a belt that the camera could attach to, which would then attach to your body.

Although, the first designs of the camera focused on wrist cameras which would be incredibly useful for anyone wishing to point and shoot whilst being able to use both their hands.

Woodman had originally borrowed a substantial amount of money from his parents in order to launch the GoPro. $35,000 from his mother, and $200,000 from his father, to be precise.

GoPro cameras have now become a phenomenon for anybody who’s into sports or travelling, and not only are there wrist straps, but chest harnesses, head straps, water floats and extending poles. You name it.

 

5 Success Lessons from Nick Woodman

Forbes published a great article outlining 5 startup lessons from Nick Woodman himself. These five lessons from Nick are:

 

1. Follow Your Passion

Woodman’s passion was to surf. He went travelling around the world to surf, and so he could clearly see a need in the market for easy to use cameras in sporting activities.

He came up with this idea simply from following his passion and knowing what people with similar interests to him would want.

If you follow your passion, you’ll be able to identify the possible needs of people that are interested in the same things as you, and you’ll understand more about your target market.

 

2. Fear Failure

Nick had already had two of his startups fail, and this experience really helped him out when founding GoPro. He was so worried that GoPro was going to end up like the other failed startups, he made sure he worked like crazy in order to make it a success.

It was this fear that drove him to putting 100% effort into GoPro, and made him push himself towards success.

 

3. Obsess Over Your Product

Nick was fixated on his idea on the GoPro and spent every single waking minute trying to improve upon the idea, sitting at his desk drawing out designs and such. Obsess over your product to make sure it becomes the best invention it could possible be.

 

4. Learn to Sell

Nick Woodman is a salesman, and over the years has taught himself how to chase and close deals. It’s one thing having a great product, but you need to have a great ability to negotiate and sell your products.

 

5. Evolve or Die

It took a while for the GoPro cameras to get to the HD high pixel quality they’re at today. If they hadn’t been continuously evolving, they might have struggled to become the worldwide famous brand they are.

 

Favorite Nick Woodman Quotes

“It sounds cheesy, but if you are having fun, people will love your company, you will be more successful, and more ideas will come your way.” – Nick Woodman

“I can sell anything that I totally believe in, but I’m a horrible salesman of something I don’t believe in.” – Nick Woodman

“If I didn’t follow my passion for surfing… I would have never come up with the concept to make a wrist camera.” – Nick Woodman

“I get pretty focused when I start working on something. And I drink a lot of water, way more than most people.” – Nick Woodman

 

Frequently Asked Questions

 

How much is Nick Woodman worth?

Nick Woodman’s net worth is estimated to be $300 Million.
 

How old is Nick Woodman?

Nick Woodman was born on June 24, 1975, and is currently 47 years old.
 

How tall is Nick Woodman?

Nick Woodman’s height is 1.93 m, which is equal to 6 ft 4 in.
 

Summary

Nick Woodman is no longer a billionaire, but is still a huge success! Nick Woodman’s net worth is estimated to be $300 Million in 2022.

What do you think about Nick Woodman’s net worth? Leave a comment below.

Dan Western
Dan Westernhttps://wealthygorilla.com/
Dan Western is the founder of Wealthy Gorilla. Dan has been running Wealthy Gorilla and studying self-development, personal finance, and investment for the last 7 years. To this day, Wealthy Gorilla has become one of the fastest growing wealth infotainment sites in the world; with over 300 million views worldwide. Dan doesn't use personal social media anymore, so you won't be able to find him on Instagram, or Twitter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Eric Prydz Net Worth

What is Eric Prydz's net worth? Introduction  Eric Prydz is a...

Mark Simone Net Worth

Mark Simone is one of the most listened-to radio hosts in America, and throughout his long career, he’s accumulated a significant net worth.

Lilly Singh Net Worth

What is Lilly Singh's net worth? Introduction  As of ,...

Michelle Wie Net Worth

What is Michelle Wie's net worth?  Introduction  Michelle Wie is an...

Kevin Garnett Net Worth

Kevin Garnett was the highest-earning player in the NBA, becoming enormously wealthy as one of the best defensive basketballers in the league.

Deadmau5 Net Worth

This mega-talented Canadian DJ rakes in jaw-dropping fees for his shows, earning up to $1 million per night.

Latest Net Worth Profiles

John Landis Net Worth

John Landis made millions as a director and actor in Hollywood, eventually becoming one of the wealthiest icons in the film world.

Ralf Schumacher Net Worth

German racing driver Ralf Schumacher has earned millions as a Grand Prix champion in Formula One.

Petra Kvitova Net Worth

Czech professional tennis player Petra Kvitova has earned a substantial net worth as one of the world's greatest players to ever compete on the court.

Peter Jackson Net Worth

Best known for directing Lord of the Rings, Peter Jackson is one of the wealthiest and most well-known filmmakers in Hollywood.

Peter Forsberg Net Worth

Former professional hockey player Peter Forsberg earned millions in the NHL as one of the greatest players of all time.

Pete Sampras Net Worth

As a longtime rival of Andre Agassi, Pete Sampras has earned a substantial net worth as one of the world's best former tennis players.

Steve Nash Net Worth

Steve Nash is a former National Basketball Association player, and current coach, who is considered one of the greatest point guards of all time.

Pete Dye Net Worth

Golf course designer Pete Dye was renowned for his architectural skills, and he earned millions by creating some of the best golf courses in the world.

Stefan Edberg Net Worth

Former professional tennis player Stefan Edberg has earned a remarkable fortune as a six-time Grand Slam champion.

Paul Thomas Anderson Net...

American filmmaker Paul Thomas Anderson has earned a substantial net worth for directing hits like Boogie Nights and Magnolia.