Sco Wa erson

Watterson spent two years in Taiwan as a Mormon missionary and started selling furniture imported from Asia before cofounding Utah-based iFIT, which makes treadmills, bikes, ellipticals and other exercise machines under brands such as NordicTrack and ProForm. After securing a $200 million investment led by the Bernard Arnault–backed private equity rm L Catterton in late 2020, iFIT is now planning an IPO in a bid to keep up with rival Peloton.