Scott Watterson

CO – FOUNDER,  iFIT

• 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.
• Net worth: $1.6 billion
• 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.