How I turned $175,000 into a Pilates company—and sold it for $88 million
Anne Mahlum, 43, founded boutique fitness chain Solidcore in 2013. The chain now boasts more than 100 studios across 25 states around the country.
Prior to starting Solidcore, Mahlum founded Back on My Feet in 2007, a nonprofit focused on helping homeless people break cycles of poverty and addiction while committing to a weekly running program. From a young age, Mahlum watched her own father struggle with addiction. And at the age of 16, she found that running helped her cope with her feelings, and developed a passion for exercise.
In April 2023, Mahlum sold her remaining shares of Solidcore, stepping away from her executive chairwoman role. Between the acquisition and two previous investment deals, Mahlum cashed out her equity for a total of $88.4 million, according to documents reviewed by CNBC Make It.