Scott Watterson

$1.57B

as of 03/07/24

About Scott Watterson

Scott Watterson is the cofounder of Logan, Utah-based fitness equipment maker iFIT. He stepped down as CEO in February 2022 but remains the chairman.

The firm makes interactive treadmills, bikes and other machines and offers fitness content under brands like NordicTrack and ProForm and the iFIT app.

Watterson and his college buddy Gary Stevenson started iFIT, then named Weslo, as college students at Utah State in 1977.

iFIT raised $200 million from Bernard Arnault-backed private equity firm L Catterton in October 2020 at a $7 billion valuation.

The company filed with the Securities and Exchange Commission for a potential IPO in August 2021 but withdrew in April 2022.

Personal stats

Citizenship

United States of America

Source of wealth

Fitness equipment

Residence

Logan, Utah

Marital status

Married

Birth date

05/18/55 (age 69)

Number of children

Education

Bachelor of Science, Utah State University

Self-made

self-made

Scott Watterson’s fortune is worth

26K

troy ounces of gold

24K

median U.S. household

16K

median U.S. income

0.031%

U.S. credit card volume

0.006%

GDP of the United States

0.005%

United States debt

Net worth history

Annual ranking

Did you know?

iFIT and its largest rival, Peloton, have been embroiled in multiple patent infringement lawsuits since 2016.