Timothy Boyle

About Timothy Boyle

Birth Year: 1949
Birth Place: Portland, Oregon, United States
Education: Jesuit High School
Alma mater: University of Oregon
Occupation: businessman
Known for: President and CEO of Columbia Sportswear
Spouse(s): Mary Boyle
Children: 2
Parent(s): Gert Lamfromm Boyle Joseph Cornelius "Neal" Boyle

Timothy Boyle Net Worth

Timothy Boyle was born on 1949 in Portland, Oregon, United States. After his father died suddenly of a heart attack in 1970, Tim Boyle returned home from the University of Oregon to help his mother, Gert, rescue their fledgling family company, Columbia Sportswear. Tim ran operations at the outdoor retailer, while Gert dealt with the finances. Revenues fell 25% to $600,000 in the first year, and the company's bankers told the Boyles to sell the business. One buyer came in and offered $1,400. "Three times its actual value," Tim told FORBES in 2015. Gert cussed out the would-be buyer and recommitted to building the business. Columbia sales eventually took off, thanks to clever marketing and innovative products, like the Bugaboo jacket, which included an interchangeable zip-in fleece liner. Columbia hauled in $2.4 billion in revenues in 2016. Nearly 50 years after Boyle came home from college, he is still the CEO.
Timothy Boyle is a member of Fashion & Retail

💰Timothy Boyle Net worth: $2.3 Billion

2014 $1.1 Billion
2015 $1.9 Billion
2016 $1.7 Billion
2017 $1.7 Billion
2018 $2.22 Billion

Some Timothy Boyle images

Biography/Timeline

1952

Boyle is one of three children born to Joseph Cornelius "Neal" Boyle, an Irish Catholic and Gertrude Lamfrom. His mother was Jewish and fled as a teenager from Nazi Germany and immigrated to Portland, Oregon; she converted to Catholicism after marrying her husband. He has two sisters: Kathy Boyle (born 1952) and Sally Boyle (born 1958).

1960

His grandfather purchased the Rosenfeld Hat Company and changed its name to the Columbia Hat Company (after the river). His Father became President of Columbia hat after his grandfather died and then Diversified the hat Business into outerwear for Hunters, fishermen, and skiers. In 1960, his mother designed the first fishing vest (his Father was an avid fisherman) and the name of the company was changed to Columbia Sportswear.

1970

Boyle was still at university when his Father died in 1970 at the age of 47 and joined his mother - who had become President of Columbia - then with $800,000 in annual sales. The company struggled and teetered on bankruptcy until in the 1970s when he and his mother refocused the Business on outdoor clothing and Casual wear which paralleled a general trend away from formal work attire. In 1975, they were the first company to introduce Gore-Tex parkas. In 1986, Columbia released the Bugaboo, a jacket with a zip out Li Ning which became quite trendy and further propelled the company's growth. Columbia was unique among specialty clothing manufacturers in that it would sell its products to any Retail shop or chain. In 1987, Columbia had $18.8 million in sales and by 1997 it had grown to $353.5 million. The company went public in 1998. In the early 2010s, Boyle refocused Columbia away from top line products and more towards the mid-range, moderately priced products; he also continued to align sales with changes happening in the Retail industry, shifting the company more toward internet sales.

1971

Boyle was educated at Jesuit High School, in Beaverton, Oregon, just outside Portland, followed by the University of Oregon, where he earned a bachelor's degree in journalism in 1971.

2007

In 2007, he and his wife Mary donated $5 million to the University of Oregon.

2013

Boyle's 41% ownership interest in Columbia Sportswear was worth over $1.0 billion in 2013.

2016

In 2016, he donated $10 million to the University of Oregon's aquatic animal care facility.