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Yvon Chouinard Net Worth

Yvon Chouinard (born November 9, 1938) is an American rock climber, environmentalist, philanthropist and outdoor industry businessman. His company, Patagonia, is known for its commitment to protecting the environment. He was named one of the 100 most influential people in the world by Time magazine in 2023.

Chouinard is also a surfer, kayaker, and falconer and is particularly fond of tenkara fly-fishing. He has written about climbing issues and ethics and on mixing environmentalism and business.

What Is Yvon Chouinard’s Net Worth?

Yvon Chouinard is an American rock climber and outdoor equipment manufacturer who has a net worth of $100 million. Yvon Chouinard is best known for being the founder of the outdoor gear and clothing company, Patagonia, which manufactures environmentally-friendly outdoor clothing and products that also happen to be fashionable and trendy. Yvon Chouinard has been described as the world’s most “reluctant” billionaire. Patagonia’s annual retail revenue is $1 billion and the company generates around $100 million in profits. The company has been valued at $3 billion, which on paper meant Yvon’s net worth was $3 billion.

In an unprecedented and shocking move, in August 2022 Yvon and his family donated Patagonia to charity. Technically, the family transferred 98% of Patagonia’s private shares to a 501(c)(4) non-profit called the Holdfast Collective which will receive 100% of Patagonia’s profits going forward. Holdfast will use the funds to fight climate change and preserve nature.

Yvon is also the founder of Chouinard Equipment, Ltd., and he has been an avid rock climber and instructor most of his adult life. He is notable for extensive climbing in Pakistan as well as the European Alps.

Early life

Chouinard’s father was a French-Canadian handyman, mechanic, and plumber. In 1947, Yvon and his family moved from Lewiston, Maine to Southern California. They were Catholic.

His early climbing partners included Royal Robbins and Tom Frost. A Sierra Club member, in his youth he founded the Southern California Falconry Club, and it was his investigations of falcon aeries that led him to rock climbing. To save money, and make adaptations for the way he was climbing, he decided to make his own climbing tools, teaching himself blacksmithing, and eventually started a business.

Yosemite rock climber to leading alpinist

Chouinard was one of the leading climbers of the “Golden Age of Yosemite Climbing.” He was one of the protagonists of the film made about this era: Valley Uprising (2014). He participated in the first ascent of the North America Wall in 1964 (with Royal RobbinsTom Frost and Chuck Pratt), using no fixed ropes. The next year, his and TM Herbert’s ascent of the Muir Wall on El Capitan improved the style of previous first ascents. Chouinard became the most articulate advocate of the importance of style, the basis of modern rock climbing.

In 1961, he visited Western Canada with Fred Beckey, and made several important first ascents, including the North Face of Mount Edith Cavell (Rockies), the Beckey-Chouinard Route on South Howser Tower in the Bugaboos (Purcell Mountains), and the North Face of Mount Sir Donald (Selkirk Mountains). These climbs opened his eyes to the idea of applying Yosemite big-wall climbing techniques to mountain climbing, and his advocacy was important to modern, high-grade alpinism. Also in 1961, he visited Shawangunk Ridge for the first time, freeclimbing the first pitch of Matinee (the hardest free climb done at Shawangunk Ridge at the time); and introducing chrome-molybdenum steel pitons to the area, which revolutionized climbing protection. In 1968, he climbed Cerro Fitzroy in Patagonia by a new route (The Californian Route, 3rd overall ascent of the mountain) with Dick Dorworth, Chris Jones, Lito Tejada-Flores and Douglas Tompkins.

Chouinard has also traveled and climbed in the European Alps and in Pakistan.

Chouinard Equipment, Ltd.

In 1957, he bought a second-hand coal-fired forge, and started making hardened steel pitons for use in Yosemite Valley. Between time spent surfing and climbing, he sold pitons out of the back of his car to support himself. The improved pitons were a big factor in the birth of big-wall climbing from 1957 to 1960 in Yosemite. The success of his pitons caused him to found Chouinard Equipment, Ltd.

In the late 1960s, Chouinard and business partner Tom Frost began studying ice climbing equipment, and re-invented the basic tools (crampons and ice axes) to perform on steeper ice. These new tools and his book Climbing Ice (1978) started the modern sport of ice climbing.

Around 1970, he became aware that the use of steel pitons made by his company was causing significant damage to the cracks of Yosemite. These pitons composed 70 percent of his income. In 1971 and 1972, Chouinard and Frost introduced new aluminum chockstones, called Hexentrics and Stoppers, along with the less successful steel Crack-n-Ups, and committed the company to the advocacy of the new tools and a new style of climbing called “clean climbing.” This concept revolutionized rock climbing and led to further success of the company, despite cannibalizing the sales of pitons, formerly his most important product.

They applied for a U.S. patent on Hexentrics in 1974, and it was granted on April 6, 1976. These are still manufactured by Black Diamond Equipment.

In the latter 1960s, Chouinard attempted a number of significant technological and technique changes to ice climbing after trips to the Alps in Europe and Sierra Nevada ice gullies in autumn. He removed the flex from crampons, making them more rigid for front-pointing. He drew the taper of a rock hammer into a point for better ice purchase. He increased the cross section of ice screws while also using lighter materials. He experimented with pick and blade issues with ice axes. Prior to this, much of ice climbing was seen as mere step cutting. He attempted to replace hand ice picks (climbing type) with a small ice axe head called a Climaxe.

In 1989, Chouinard Equipment, Ltd. filed for bankruptcy protection in order to protect it from liability lawsuits. The hard assets of Chouinard Equipment, Ltd. were acquired by its employees through the Chapter 11 process, and the company was reestablished as Black Diamond Equipment, Ltd.

Patagonia and environmentalism

Chouinard is most known for founding the clothing and gear company Patagonia. Chouinard started to sell clothes by chance as a way to support his moderately profitable equipment business. In 1970 on a trip to Scotland, he purchased some rugby shirts and sold them with great success. From this small start, the Patagonia company developed a wide selection of rugged technical clothing. According to Chouinard, the intent of Patagonia is to make clothes for people under the rugged, southern Andes/Cape Horn conditions of places like Patagonia.

Recognizing that the financial success of the company provided the opportunity to also achieve personal goals, Chouinard committed the company to being an outstanding place to work, and to be an important resource for environmental activism. In 1984, Patagonia opened an on-site cafeteria offering “healthy, mostly vegetarian food,” and started providing on-site child care. In 1986, Chouinard committed the company to “tithing” for environmental activism, committing one percent of sales or ten percent of profits, whichever is the greater. The commitment included paying employees working on local environmental projects so they could commit their efforts full-time.

In the early 1990s, an environmental audit of Patagonia revealed the surprising result (at the time), that corporate cotton, although it was a natural material, had a heavy environmental footprint. In 1996, Chouinard committed the company to using all organic cotton.

In 2002, Yvon Chouinard founded 1% for the Planet and Patagonia became the first business to commit 1% of annual sales to the environment.

In 2014, Patagonia supported the advocacy documentary film DamNation, which is about changing attitudes in America towards its dams. Chouinard was the executive producer of the film, and he was also featured in the film commenting about dams.

In 2018, in acknowledgment that sustainability and responsible practices are core to Patagonia, Yvon Chouinard was recognized with the Sierra Club‘s top award, the John Muir Award.

In 2022, Chouinard announced that he was donating ownership in Patagonia to a trust to ensure profits are used for addressing climate change. Chouinard’s family retains control of the company’s voting stock through the Patagonia Purpose Trust.

Personal life

In 1971, Chouinard met and married his wife, Malinda Pennoyer, who was an art and home economics student at California State University, Fresno. They have a son (Fletcher) and a daughter (Claire).

In 2021, Yvon Chouinard received an honorary degree from Bates College.

Publications

Notable ascents

Related reading

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