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U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

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U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

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Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

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Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
LifestyleMotorsports

Ken Block, DC Shoes cofounder and ‘Gymkhana’ star, dies in snowmobile accident, age 55

Nicholas Gordon
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Nicholas Gordon
Nicholas Gordon
Asia Editor
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Nicholas Gordon
By
Nicholas Gordon
Nicholas Gordon
Asia Editor
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January 3, 2023, 6:37 AM ET
Ken Block holds a trophy at Daytona in 2015
After selling DC Shoes to Quiksilver in 2004, Ken Block quickly pivoted to become a successful rally racer. Brian Cleary—Getty Images
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DC Shoes cofounder, rally driver, and YouTube star Ken Block died in a snowmobile accident on Monday, according to a statement posted by his racing team. He was 55.

“Ken was a visionary, a pioneer, and an icon,” the Hoonigans racing team, founded by Block, wrote on Instagram on Monday evening. “He will be incredibly missed.”

Officials in Utah’s Wasatch County said that Block was riding a snowmobile on a steep slope, before the vehicle turned over and fell on top of him, according to Reuters.

Block founded shoe company DC Shoes in 1994, alongside fellow designer Damon Way. The brand focused on the action sports market, particularly skateboarding. Sportswear company Quiksilver acquired DC Shoes in 2004, reportedly for $88 million.

After selling his company, Block turned his attention to rally racing. He was named rookie of the year in the Rally America Championship in 2005. 

Block was also known for his “Gymkhana” series of videos, where he would drive cars at high speed around set courses, sometimes in the middle of major cities. (Gymkhana is a style of motorsport in which drivers try to complete a course in as short a time as possible. Courses often include maneuvers like drifting and 180-degree turns.)

One 2012 video featuring Block driving through the streets of San Francisco has had 113 million views since its release.

The American Rally Association called Block “a massive influence on everything he touched, including the global world of rallying” in a statement posted on social media.

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About the Author
Nicholas Gordon
By Nicholas GordonAsia Editor
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Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Fortune’s coverage of Asian business and economics news.

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