Johnson Outdoors chief included in Forbes World Billionaires list
Helen Johnson-Leipold, Chair and CEO of Johnson Outdoors, has been included in Forbes magazine’s World Billionaires list for 2021.
Johnson-Leipold, who has run the Wisconsin company since 1999 is ranked 831st on the 2,755-strong list with a net worth of $3.6 billion.
Johnson Outdoors, whose brands include Humminbird, Minn Kota, Cannon Downriggers, Ocean Kayaks and Old Town Canoes, recently reported a significant hike in earnings for its first quarter ending January 1st, with gains driven by its fishing and watercraft divisions.
Net income was $19.8m, nearly triple it earnings of $6.4m a year ago. Operating profit rose 247% to 23.6m from $6.8 million. Sales climbed 29.4% to $165.7m, with gains driven by volume rather than price.
“Demand remained high across all [fishing] brands, and we continue to build on a powerful legacy of innovation that drives both seasoned and new anglers to Johnson Outdoors for a great experience,” said Johnson-Leipold.
Tesla’s Jeff Bezos, worth $177 billion, heads the Forbes list for the fourth year running, while Amazon’s Elon Musk rockets into second place with $151 billion as both companies’ shares surged.
In a year like no other, the number of billionaires on Forbes’s 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755, up 660 from a year ago. Total worth of the billionaires is $13.1 trillion, an increase of $8 trillion on last year.