Malinda Pennoyer, the wife of Yvon Chouinard, celebrates their 50 years of marriage to the utmost. The 84-year-old alpinist is commonly referred to as a reluctant billionaire due to his lack of interest in being a businessman.
Yvon is the self-proclaimed Dirtbag who once responded that we are the consumer culture rebels.
The unwilling billionaire is an American rock climber, surfer, and proprietor of the renowned outdoor clothing company Patagonia. Patagonia’s proprietor is a conscientious environmentalist and philanthropist. Similarly, he has authored works on climbing-related issues and ethics.
The 83-year-old man recently donated his multibillion-dollar company to combat climate change.
Who is Malinda Pennoyer, Mrs. Yvon Chouinard?
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Malinda Pennoyer met Chouinard while she was a student at California State University, Fresno, majoring in arts and domestic science. The couple fell in love in 1971 and decided to get married.
Pennoyer was born in September 1946 in the United States.
In addition to her degree in arts and domestic science, she also holds a bachelor’s degree in nutrition. In addition, she is a secondary school educator.
Similarly, she and her spouse co-founded Patagonia in 1973. She was an active member of the corporation from the beginning, working at Patagonia’s first retail store, Great Pacific iron works in Venture, California.
Currently, the cofounder of Patagonia resides in Ventura, California, with her spouse.
Yvon Chouinard And His Spouse Have Two Children
The couple has two offspring outside of marriage. The couple tied the knot in 1971. The founders of Patagonia are gifted with children named Fletcher and Claire, respectively.
Both offspring reside in Ventura, California, and are co-owners of Patagonia.
Fletcher also owns and administers an FCD surfboards business in Ventura, California, and designs surfboards.
In the meantime, Claire has been an integral component of Patagonia. Together with her parents, she manages a renowned clothing company.
How much is Yvon Chouinard worth?
According to BBC News, Yvon Chouinard’s estimated net worth is approximately $1.2 billion.
The majority of his wealth comes from his multibillion-dollar company, Patagonia. According to sources, Patagonia’s annual retail revenue exceeds $1 billion and its annual profit is approximately $100 million.
The business has expanded to ten countries on five continents. Moreover, the corporation is estimated to be worth $3 billion.
Similarly, he is the proprietor of Chouinard Equipment, Ltd, which is renowned for its alpine climbing.
However, the renowned American mountaineer decided to donate his property to a charitable organization, reducing his net worth.
Chouinard Donated His Company to Charity
The reluctant billionaire eventually donated his shares of Patagonia to charity. The confident environmentalist stated that the earth is our sole shareholder and that it is now our duty to save the planet.
According to the Guardian, his family donated 2% of all securities and all authority to make decisions to a trust. Similarly, 98% of the company’s stock will be donated to the Holdfast Collective, a non-profit organization.
Patagonia’s proceeds will be donated to environmental organizations to combat the environmental crisis. Thus, the reluctant billionaire was ultimately relieved of the burden of being a billionaire.
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