John Foley (born 1978/1979) is an American former billionaire and business executive who co-founded

Peloton In a road bicycle race, the peloton (from French, originally meaning 'platoon') is the main group or pack of riders. Riders in a group save energy by riding close ( drafting or slipstreaming) to (particularly behind) other riders. The reductio ...

Biography

Born in 1971, Foley received the Bachelor of Science in Engineering from

Georgia Tech The Georgia Institute of Technology, commonly referred to as Georgia Tech or, in the state of Georgia, as Tech or The Institute, is a public research university and institute of technology in Atlanta, Georgia. Established in 1885, it is part of ...

and the Master of Business Administration from the

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

. During university, he paid for his tuition by working at a

Skittles Skittles may refer to: * Skittles (confectionery), a brand of fruit-flavor chewy candy, distributed by Wm. Wrigley Jr. Company *'' Skittles Commercial: The Broadway Musical'' * Skittles (sport), the game from which bowling originated * Skittles (ch ...

factory.

Barnes & Noble

Before founding Peloton, he served as a president of

Barnes & Noble Barnes & Noble Booksellers is an American bookseller. It is a Fortune 1000 company and the bookseller with the largest number of retail outlets in the United States. As of July 7, 2020, the company operates 614 retail stores across all 50 U. ...

Peloton

Foley co-founded Peloton in 2012. The company went public in 2019, and he had a net worth of approximately $1.9 billion in 2021. As Peloton began to experience financial difficulties related to the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identif ...

, his net worth declined to approximately $225 million in November 2022. He left the company that year as it underwent a restructuring. After leaving Peloton, Foley founded Ernesta, a rug company.

Personal life

Foley lives in the

West Village The West Village is a neighborhood in the western section of the larger Greenwich Village neighborhood of Lower Manhattan, New York City. The traditional boundaries of the West Village are the Hudson River to the west, 14th Street (Manhattan ...

neighbourhood of

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

with his wife Jill and their two children.

References

Living people 1971 births Former billionaires American company founders Georgia Tech alumni Harvard Business School alumni {{US-business-bio-1970s-stub