Kayla Itsines received the lion’s share of the AU$400million sale of her fitness empire Sweat, getting three times as much as her business partner Tobi Pearce.

The entrepreneur, 30, ‘was the big winner from the sale’ because she owned a larger share of the business than co-founder Pearce, who is also her ex-fiancé.

Itsines is said to have earned US$225million (AU$300million) following the sale of Sweat to an American software giant, reports

By contrast, 29-year-old Pearce made US$75million (AU$100million).

Cleaning up: Kayla Itsines received the lion’s share of the AU$400million sale of her fitness empire Sweat, getting three times as much as her business partner Tobi Pearce

The record-breaking sale comes after Itsines confirmed her split from Pearce, with whom she shares two-year-old daughter Arna, in August last year.

 

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The former couple, who were together for eight years, co-founded the Bikini Body Training Company — later renamed Sweat — after meeting in late 2012.

The business partners sold their health and fitness empire to U.S. software giant iFIT Health & Fitness Inc for $400million,  reported on Tuesday. 

Uneven share: Itsines earned US$225million (AU$300million) following the sale of Sweat to an American software giant. By contrast, Pearce made US$75million (AU$100million)

In 2020, the Sweat app generated a staggering $99.5million in revenue, with the majority of sales coming from the American market.

Despite the company changing hands, the young millionaires will continue to manage the business from its headquarters in Adelaide.

Pearce previously told they remained committed to leading the brand from Australia. 

Selling up: The exes and business partners sold their health and fitness empire for $400million, according to The Courier Mail on Tuesday

‘Kayla and I have had a very strong and long working relationship and this is the beginning of chapter two for both of us,’ he said.

‘I’m very much looking forward to a bigger and better Sweat — our headquarters will remain in Adelaide and we have a second office in Melbourne and that will reman there as well,’ he added.

Itsines and Pearce were ranked joint fifth on the Australian Financial Review’s Young Rich List for 2018, making them the wealthiest self-made twentysomethings in Australia.

That year, Forbes estimated the then-couple’s shared net worth to be $696million.

Raking it in: Itsines and Pearce were ranked joint fifth on the Australian Financial Review’s Young Rich List for 2018, making them the wealthiest self-made twentysomethings in Australia

The Sweat fitness program helps people transform their bodies and achieve dramatic weight loss at the gym or from home.

At the time of their separation last year, Itsines said in a statement that she and Pearce would remain friends and business partners.

She is now dating a man known as Mitch, but the notoriously private businesswoman has yet to comment on the relationship.

Transforming lives: The Sweat fitness program helps people transform their bodies and achieve dramatic weight loss at the gym or from home

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