Kevin Plank Has Branched Out Considerably Since Launching Under Armour

Kevin Plank is best known for launching what is now one of the world’s premier athletic gear brands, Under Armour. But since his multi-billion dollar company became a household word, Plank has branched out to get involved in an array of other businesses and private foundations across a variety of sectors.

One of his most prominent acquisitions is Sagamore Farm, the legendary American Thoroughbred breeding operation in Baltimore County, Maryland. The 630-acre site was once owned by Alfred Gwynne Vanderbilt. Sagamore Farm has produced some of the most iconic champion races horses in history, including Native Dancer. That horse lost just one of 22 races during its reign from 1952 to 1954.

Kevin Plank’s goal in acquiring Sagamore Farm is to restore the institution to its former glory. He hopes to produce Triple Crown champions. He’s off to a good start. Under Plank’s management, Sagamore brought forward Shared Account. The racing steed recently won the $2 million Breeders’ Cup Philly & Mare Turf. Join Linkedin to see Kevin Plank’s full profile.

Kevin Plank is also now deeply involved in real estate development. He made considerable news recently when he announced plans to revitalize Baltimore’s Port Covington location. It’s an ambitious plan spaced out over two decades that will invest billions in a 235-acre area. Plans call for building new office buildings, residential areas, boating facilities and parks. The project is seen as a major boost for the city of Baltimore’s overall economy and favorable urban position on the East Coast.

Kevin Plank’s philanthropy has been deemed “legendary” by social observers. He recently donated $25 million to the University of Maryland. Plank graduated from the institution in 1996. He played varsity football there for the NCAA Division I Terrapins. In fact, it was his experience as an athlete at the University of Maryland that inspired his first product – a t-shirt that wicks away sweat from the skin making athletes more comfortable as they perform.

Much of Kevin Plank’s charity has been focused on educational institutions. Another major donation was $16 million given to the Washington D.C. St. John’s College High School. Plank graduated from St. John’s in 1990. Read More: https://www.fastcompany.com/person/kevin-plank