In a statement, Tom Geddes, a family representative, said, “Mr. He's just spent almost $1 billion to get into an entirely new business. Kevin Plank’s Georgetown mansion sells for $17.25 million August 27, 2020 0 By Stephen Callahan Kevin A. Plank is founder and former CEO of Under Armour, Inc., a company based in Maryland, USA, that specializes in manufacturing footwear and sportswear. The extensive renovation by Baltimore-based designer Patrick Sutton and Annapolis-based Pyramid Builders was spectacular, and we are sure that it will be a terrific home for the next owner to enjoy. Plank Industries is the holding company for Plank’s growing interests outside of Under Armour (NYSE: UA). Former Under Armour Inc. CEO Kevin Plank has sold his Georgetown mansion for $17.25 million, 29.6% below its asking price. Kevin Plank will no longer oversee the day-to-day operations of Under Armour, but will remain at the company as executive chairman and brand chief. What is the BoF 500? In early 2018, Under Armour co-founder Kevin Plank privately listed his 12,000 square-foot Georgetown mansion for $29.5 million. Plank is the billionaire owner of Under Armour, a leading manufacturer of sports performance apparel, footwear and accessories. Under Armour founder Kevin Plank is on a real estate tear in Georgetown. But according … He has experience and knowledge in a number of practice areas, including corporate and business, elder law, estate planning, trusts and probate, and real estate law. Under Armour founder Kevin Plank (Kris Connor/Getty Images) Getty Images. Kevin’s brother, Scott Plank of Warhorse LLC, represented the Plank family and the local development team. Plank paid in the vicinity of $8 million for the sprawling house at 1405 34th Street, Northwest, according to a well-connected source. Kevin Plank will no longer oversee the day-to-day operations of Under Armour, but will remain at the company as executive chairman and brand chief. Plank has a vast fortune and massive real estate portfolio that could be broken up should he and his wife split. Can this decade's most unlikely tech startup beat Nike? Kevin Plank built Under Armour into a $4 billion behemoth. Kevin Plank built Under Armour into a $4 billion behemoth. Plank was industrious at an early age. Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. Photograph courtesy of HomeVisit. Plank first listed the eight-bedroom, eight-bathroom property for $29.5 million in 2018, making it the most expensive home-for-sale in the DMV. Kevin Plank, the founder of Under Armour, has finally unloaded his Georgetown mansion—but only after slashing more than 40 percent off its original listing price, according to Washington Business Journal. Under Armour CEO Kevin Plank had a close relationship with MSNBC anchor Stephanie Ruhle — and solicited her business advice over that of his own management team, according to a report. Last year, Washingtonian chronicled the house’s recent history: Plank bought the house for $7.85 million, added a 22,000-pound marble grand staircase, and knocked millions off the price after it spent a year on the market. 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