Peloton Founder Hits Billionaire Status on Exercise Frenzy

Peloton Interactive Inc. founder John Foley is now a billionaire, thanks to a stunning rally in his home-fitness company’s shares since the pandemic began.

After posting a video to Kickstarter in 2013, Foley, a cycling enthusiast, raised $307,000 to help get his fledgling in-home exercise startup off the ground.

The former e-commerce president at Barnes & Noble wanted to… READ MORE @ Bloomberg