Planet Fitness Net Worth (Updated 2025).
Planet Fitness, a popular gym chain, was founded in 1992 by brothers Michael and Marc Grondahl in Dover, New Hampshire. The duo, with a vision to create a judgment-free fitness environment, started with a single location, focusing on providing a welcoming atmosphere for people of all fitness levels. Their unique approach, which included a lounge area, flat-screen TVs, and a policy that discourages grunting or dropping weights, set them apart from traditional gyms.
The company’s innovative concept quickly gained traction. By the late 1990s, Planet Fitness had expanded to several states in the Northeast. In 2003, the brothers sold a majority stake in the company to private equity firm TSG Consumer Partners, allowing for further growth. Today, Planet Fitness boasts over 2,000 locations across the United States, Canada, and Mexico, making it one of the largest and fastest-growing fitness club franchises in the world.
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Planet Fitness’ Current Net Worth (as of 2025)
As of 2025, Planet Fitness’ current net worth is estimated to be around $3.5 billion, according to the latest available information.
Career
Planet Fitness, founded in 1992, has grown from a single gym in New Hampshire to a global fitness franchise with over 2,000 locations across the United States, Canada, and Latin America. The company is known for its non-intimidating, judgment-free environment and affordable pricing, attracting a wide range of members.
Other Ventures
In addition to its traditional gym model, Planet Fitness has expanded into other ventures. These include the Planet Fitness Growth Partners program, which helps franchisees open and operate multiple gyms, and the Planet Fitness Black Card SPACES, a premium fitness experience within select locations.
Assets
Planet Fitness’ assets primarily consist of its franchise network, brand recognition, and intellectual property. The company’s real estate assets include the properties where its corporate headquarters and gyms are located. As of 2021, Planet Fitness’ total assets were valued at approximately $2.8 billion.
Annual Income
Planet Fitness’ annual revenue has been steadily increasing over the years. In 2020, the company reported a total revenue of $576.4 million, with a net income of $96.1 million. Despite the impact of the COVID-19 pandemic, Planet Fitness’ revenue in 2021 was $617.3 million, demonstrating the company’s resilience and continued growth.
Frequently Asked Questions about Planet Fitness
**Frequently Asked Questions: Planet Fitness Net Worth**
1. What is Planet Fitness’s net worth?
Planet Fitness’s net worth is estimated to be around $3 billion.
2. How many locations does Planet Fitness have?
As of 2021, Planet Fitness has over 2,000 locations worldwide.
3. When was Planet Fitness founded?
Planet Fitness was founded in 1992.
4. Who is the CEO of Planet Fitness?
The current CEO of Planet Fitness is Chris Rondeau.
5. Is Planet Fitness a public company?
Yes, Planet Fitness is a publicly traded company. It went public in 2015.
6. What is Planet Fitness’s revenue?
Planet Fitness’s annual revenue is around $1.5 billion.
7. How many employees does Planet Fitness have?
Planet Fitness employs over 10,000 people.
8. What is Planet Fitness’s stock ticker symbol?
The ticker symbol for Planet Fitness is PLNT.
9. What is Planet Fitness’s mission statement?
Planet Fitness’s mission statement is: “To enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, while also fostering a sense of community and social connection.”
10. How does Planet Fitness compare to other gym chains in terms of net worth?
Planet Fitness is one of the largest and most successful gym chains in the world. Its net worth is comparable to other major gym chains like LA Fitness and 24 Hour Fitness, but it has a higher net worth than many smaller gym chains.
