• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
SuccessPatagonia

Meet the mysterious Patagonia heirs who agreed to give away their billion-dollar fortune

By
Chloe Berger
Chloe Berger
Down Arrow Button Icon
By
Chloe Berger
Chloe Berger
Down Arrow Button Icon
September 17, 2022, 11:40 AM ET
Yvon Chouinard patagonia founder
Yvon Chouinard is passing his company onto the environment, rather than his children.Fabian Marelli—GDA via AP Images

In the TV show Succession, adult children duke it out to be the heir of their father’s media empire. But what if no one wanted to head the business to begin with? You’d likely have a less dramatic (or funny) show, but you might be closer to the reality of the Chouinard family.

In a move that subverts the traditional ideas of how companies are run and how wealth is often distributed among the 1% in the U.S., 83-year-old Patagonia founder Yvon Chouinard announced this week that he and his family were redirecting their personal profits to the task of combating climate change. He has a reported net worth of $1.2 billion.

The Chouinards are transferring their gains and voting stock to a newly established non-profit organization, Holdfast Collective, and a new trust, the Patagonia Purpose Trust, which both aim to tackle climate change. The family isn’t stepping away from the $3 billion company altogether, as they’re still making key decisions while overseeing the Patagonia Purpose Trust.

The Chouinard children—Fletcher and Claire—aren’t clamoring for the title of CEO, instead shirking away from billionaire status. “It was important to them that they were not seen as the financial beneficiaries,” Patagonia CEO Ryan Gellert told The New York Times of Chouinard’s children. “They felt very strongly about it. I know it can sound flippant, but they really embody this notion that every billionaire is a policy failure.”

If Earth is the only shareholder of Patagonia these days, and the beneficiaries are the children of the world instead of Chouinard’s own kids, who are these would-be heirs giving up the reins? Much like their father, Fletcher and Claire seem to have a tendency to not play by the stereotypical rulebook of the wealthy.

They tend to stay out of the limelight, keeping a low profile and barely speaking to the press. Both work for Patagonia, but have their own pursuits within the company. Here’s what we do know about them.

Fletcher Chouinard

A lack of interest in being a billionaire wasn’t the only thing that Chouinard passed on to his kids. While Fletcher didn’t inherit Patagonia, he’s inherited his father’s passion for being an outdoorsman. He loves to surf and kiteboard—he even has a surfing trip diary from a decade ago to prove it. In an interview with The Kiteboarder, he talks about how his dad helped him get into kitesurfing, adding that he was inspired by Yvon’s interest in expedition sea kayaking. Fletcher himself became a dad in 2018.

Fletcher heads up the more than 20-year-old company FCD Surfboards, backed by Patagonia, with the tagline: “We build each surfboard like it’s our own.” 

“We’re not just owners, or board members,” Fletcher told The New Yorker in 2016 of he and his sister working for Patagonia. He was 41 at the time, “We have normal salaries,” he continued. “We weren’t brought up to give a shit about money. Actually, I think we were raised to be slightly embarrassed about it.”

When Fletcher does talk to the press, it’s mostly about surfing. He’s said his passion for designing boards started in high school. “It was addicting for me,” he said of his surfing design experience. “Eventually, I lost interest in my major at college and jumped ship to shape full time.”

As a surfboard designer, Fletcher has been “instrumental in bringing environmental awareness to the surfing industry,” according to a 2007 profile from Business 2.0 Magazine. When asked about how to make surfboards green, he told The Kiteboarder in 2018 that he was a little jaded about alternative material being the solution, and that unless there’s a big breakthrough in the area, the most environmentally-conscious thing to do is invest in a durable board.

“Everyone has a footprint,” he said. “Even if I carve a natural deadfall tree into a surfboard, it’s still releasing CO2 out of the wood—we do our best to make a product that lasts a long time.” 

Claire Chouinard

Claire proves to be even more elusive than her older brother with a minimal digital footprint. A glimmer of her personality shone at age 12, when she dyed her orange with Kool-Aid before a dinner with the Clinton family in 1992, a tale her father once told The New Yorker.

She took her artsy side to Otis College of Art and Design, which she graduated from in 2006. Today, she channels her creativity by working in the fashion side of Patagonia, responsible for some of the brand’s designs. True to both the company and her family, Claire is focused on the environment.

“Our current creative director Claire Chouinard really sets the tone for inspiring us to whole-heartedly embrace our company’s statement of purpose: We are in business to save our home planet,” Patagonia design director Carrie Childs said in an interview last year. “Every creative decision, every design choice is filtered through that overarching purpose.” 

Claire was the co-designer for Patagonia’s Truth to Materials collection in 2014, a line that focused on “responsible manufacturing” and using the “purest materials.” “Let the materials shine in their own light. Don’t fight them; let them do what they naturally want to do,” Claire said during the ad campaign.

Much like her brother, Claire has expressed a vested interest in making sure Patagonia aligns with her morals. As she told The New Yorker in 2016, when she was 38, “If the company became something I didn’t believe in or approve of, I wouldn’t want to be here.”

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
By Chloe Berger
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

Sheryl Sandberg tells Gen Z the 10-year career plan is dead as AI wipes out entry-level jobs: ‘Don’t script your career when the future is uncertain’
Successcareer
Sheryl Sandberg tells Gen Z the 10-year career plan is dead as AI wipes out entry-level jobs: ‘Don’t script your career when the future is uncertain’
By Orianna Rosa RoyleMay 21, 2026
1 hour ago
elon
SuccessIPOs
SpaceX IPO targets $28.5 trillion total addressable market, mission to ‘make life multiplanetary’ and understand ‘true nature of the universe’
By Nick LichtenbergMay 20, 2026
11 hours ago
Elon Musk sits with his fists together, looking up.
Commentaryspace
SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don’t squander it
By Tejpaul BhatiaMay 20, 2026
11 hours ago
Professor Jeff DeGraff.
SuccessWorkplace Innovation Summit
‘We’ve given them the short end of the stick’: Business school dean says AI could eliminate many jobs for young people—even as they lead innovation
By Preston ForeMay 20, 2026
13 hours ago
Arvind Jain, Founder and CEO, Glean
SuccessWorkplace Innovation Summit
While other tech CEOs warn of mass job losses, Glean’s chief says AI will never replace a single worker
By Emma BurleighMay 20, 2026
14 hours ago
Shaquille O'Neal
SuccessEducation
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: ‘Your character will take you further than your resume’
By Preston ForeMay 20, 2026
17 hours ago

Most Popular

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
1 day ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
17 hours ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
4 days ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
9 days ago
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
Workplace Culture
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
By Preston ForeMay 19, 2026
2 days ago
Current price of oil as of May 20, 2026
Personal Finance
Current price of oil as of May 20, 2026
By Joseph HostetlerMay 20, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.