Lululemon founder Chip Wilson and wife Shannon Wilson file for divorce after 20 years of marriage

Chip Wilson, founder of Lululemon Athletica, and his wife Shannon "Summer" Wilson have filed for divorce after more than two decades of marriage. The legal proceeding was initiated in British Columbia's Supreme Court in April, with no prenuptial agreement reported. Chip Wilson, who owns about 8.6% of Lululemon, is worth roughly $6.1 billion, while Summer Wilson owns nearly 1% of the company. Under local law, assets gained during the marriage are typically divided equally, which could impact their substantial holdings in the company. This high-profile split follows similar billionaire divorces that have affected major business stakes.