(Bloomberg) -- Under Armour Inc.'s two-year slide has shaved more than $2.5 billion off Chief Executive Officer Kevin Plank's net worth.
Plank, who founded the sports brand, had a peak net worth of $4.2 billion in September 2015, according to the Bloomberg Billionaires Index. Under Armour shares have tumbled 75 percent since peaking at $54.70 and extended losses Tuesday after the company slashed its revenue and earnings forecast.
The drop on the gloomy sales outlook cut as much as $150 million off Plank's wealth. He is currently worth about $1.7 billion, according to the Bloomberg index.
To contact the reporters on this story: Anders Melin in New York at amelin3@bloomberg.net, Tom Metcalf in New York at tmetcalf7@bloomberg.net.
To contact the editors responsible for this story: Alicia Ritcey at aritcey@bloomberg.net, Robert LaFranco, Nick Turner
©2017 Bloomberg L.P.
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