Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. And it was one of the hardest decisions I ever made, and I did it for two years. Opinions expressed by Forbes Contributors are their own. And a big reason people come to programs like View from the Top is were about to go in a lot of different ways. And the applause is also for each other and for encouraging the community. You can find that, and thats amazing, or you can find the opposite. Last one. Were seeing whats happening with the industry. Leibson: How do you avoid burnout, whether it be with your personal fitness regime or entrepreneurship? She recently authored Riding High: How I Kissed SoulCycle Goodbye, Co-Founded Flywheel, and Built the Life I. I was at Flywheel through the acquisition in 2014, and I left in 2018. And that was when I found spinning. That was my introduction to group fitness which eventually turned into a career. And I find it interesting to myself that it took me a long time after divorce to really settle into a relationship with a man. I still get really upset and angry when I think about it. So in retrospect, when I look back, it made sense that I got so addicted to dancing because it became my way of expressing myself without words, without a voice. Im a first-year MBA. Get premium, high resolution news photos at Getty Images Holly Rilinger, Ruth Zukerman attend the Flywheel VIP Ride With Special Guests Laird Hamilton And Gabrielle Reece Led By Ruth Zukerman And Holly Rilinger at Flywheel East Hampton on August 8, 2016 in. And every day I walked in to teach class, I would have to look at both of them. And through dance classes, I learned so much about music and different genres of music. And I feel that the business took on a lot of their personality. Mike: I appreciate the vulnerability because thats not often a takeaway that people would want to share. (adsbygoogle = window.adsbygoogle || []).push({}); Ruth Zukerman is co-founder of indoor cycling businesses SoulCycle and Flywheel Sports. Theres no reason to continue down a career path that isnt making us happy. The company has expanded across the country into South Florida, Chicago, Atlanta, Charlotte, Los Angeles and more. But Im very interested in seeing where the fitness industry particularly goes. But theres also a business nugget where they felt that you could actually grow the business by attracting folks who otherwise wouldnt be cyclers or spin-goers. She divorced in 1989 according to an article from the nypost in 2011. And I think that, again, as simplistic as it sounds, we do the best we can and thats it. We made it all-inclusive in our price. Mike: That type of learning I think in a school like the GSB where theres a very touchy-feely mentality to approaching business, that resonates, Im sure, with us in the audience. Leibson: How did you get into group exercise and spinning classes? Ruth Zukerman, Cofounder of SoulCycle and Flywheel. Im addicted to them. I think it was a combination of my own evolution and the right circumstances at the right time. You talked about in terms of personality. I had no idea where to go next. A lot of times, death makes us think about our own mortality in certain ways. Mike: Would you prefer if this was an interview on bikes right now? Ruth Zukerman is the Co-Founder of SoulCycle and Flywheel. That idea fell through. a spin, an iced coffee, and a stroll on . And really, to a certain extent, what I did was I just transferred that experience onto a bike. Lets go to questions. Multiple sources claim the songwriter Cohn famous for his Walking in Memphis and has been married to Vargas since 2002 bedded Flywheel Sports chain co-founder. I have to say one thing first. I was actually really impressed and surprised by it. Can I see a raise of hands of anyone who saw the Saturday Night Live SoulCycle parody? Ruth Zukerman: It was so spot-on by the way. Mike: You described that your partners had a different approach. In 2006, Ruth co-founded the first exclusive indoor cycling studio in New York City, and is widely credited as the driving force behind the surge in indoor cyclings popularity in New York and beyond. That was also a set of circumstances. But what I was going to say is I was going to give him a compliment. Mike: Going into Flywheel, youre now at a point where youve pioneered spinning and spin classes and that sense of community, and youve built a brand around it once. Peloton sued Flywheel alleging the company copied its technology used to create the in-home bikes. When I was going through the divorce and the trauma that goes along with that, I started taking spin classes. I think for everyones sake, in terms of how we interact with others, as well as how we handle our own day-to-day stresses, we cant burn out. And I wanted everyone else to have the same chance to empower themselves. And again, completely unintentional, but it took on this kind of cool factor. I love to share that with people and its a big theme in my book because its so easy to want to throw in the towel when we get to these very low moments when things dont pan out. Mike: To bring the conversation back full circle, one of the things we spoke right before coming on stage about was what lessons you would give yourself as a teenager thinking about the course of your life as an entrepreneur, the business takeaways. That was the start of SoulCycle in 2006. So you made it a cool, have-to-know-someone thing to walk through a gym and get to the back near the exit to find the SoulCycle gym. According to Page Six's secret sources, Marc was spotted with Ruth Zuckerman, co-founder of Flywheel in NYC. While I was in love with this person, I knew he was ambitious, confident, and would have a strong career. So when I look back and look back at my leadership style, I think, Well, what was my leadership style, and where did it come from? The truth is my biggest experience was being a mom. Thats amazing. So hes actually done a great job of doing that. ruth zukerman net worth. We cant give up, and we have to move forward and go on. So Im curious how you think accessibility can be incorporated into the wellness industry and boutique fitness particularly. This is a personal favorite. And its this beautiful full-service gym that offered every kind of group fitness you can imagine swimming pool, basketball court, really incredible place. I knew it would be a way to change the industry. What was it like even in a household in your relationship with your mother trying to fit into someone elses definition of success on such a personal context? It felt like an experience for me. Required fields are marked *. It would be very hard to build any kind of confidence. It was a horrible, horrible thing. That was incredibly helpful to me. And within the first session, I was asked to describe my marriage, and I did. My self esteem plummeted. Its called, Who Said it Best - Play-Doh or SoulCycle?. Mike: If its all right, can we just jump right in? We would like to show you a description here but the site won't allow us. You got into the health and wellness space when it was really nascent. And I found it very intriguing. In addition to making more money each day, Ruth Zukerman is becoming more and more well-known by the day. And so Im going to talk about the positive part first, which is, again, making everyone feel important, making our maintenance person feel as important as someone on the executive leadership team. In 2006, the fitness instructor co-founded the first exclusive indoor cycling studio in New York City, and later teamed up with Jay Galluzzo in 2010 to co-found Flywheel Sports. With SoulCycle and Flywheel, I was in a classroom last week that had a very interesting discussion around the place in society for brands that make you feel a certain way. And I went out there to see what I was going to do next. Lets bring you back into your basement and take you away from the very thing that you describe people seeking, which is community. Is that here to stay? Ruth Zukerman: I have been going out to the Hamptons for 22 years. Meet Co-founder and Creative Director at Flywheel Sports, Ruth Zukerman. Ruth Zukerman: Yes, of course. What was it like struggling through that version of success that wasnt your own? Mike: To zoom out a little bit, you look at the brands that you successfully built and live. At 48 years old, Zukerman followed her entrepreneurial spirit and co-founded spin studio chain SoulCycle. And so that was one of the motivating forces in my getting to where I got to with this concept of spinning. It was a scary moment and it was so depressing to me to give up this dream. Im a first-year MBA student. She didnt know anything about teaching spin or what went into it. It was unique, amazing, and delicious. How do we see our future?. Mike: So we have one last thing to do, which is somewhat of a tradition here called the Lightning Round. We need to think about and ask ourselves, What do we want to do? Wealth Milestones. I actually just heard a story of two friends who started a business and knew each other for 25 years, and sure enough, they started the business, money gets involved, the relationship fell apart, and the business partnership dissolved. Leibson: Do you have any tips on navigating cofounder relationships? And that wouldnt have happened if I didnt seek out a therapist. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. . Ruth Zukerman net worth Jan, 2023 Ruth Zukerman is co-founder of indoor cycling businesses SoulCycle and Flywheel Sports. What would be your advice for folks looking to reinvent themselves personally or professionally? Obviously, that was a huge learning lesson for me, a huge light bulb moment for me. Ruth Zukerman - a co-founder of SoulCycle and Flywheel, Ruth Zukerman's rise to entrepreneurial stardom, began with the acceptance that her career as a dancer would never take off. This is probably the toughest one so okay if you dont get this right. I believe [unintelligible] as an instructor for Soul, which must have been weird. We were actually having this conversation before I came out here. Mike: So today it is part of the lexicon. But you also cautioned to use it in moderation. And I was able to keep my gym membership with the divorce, and so I went there every day. So that was really what I drew upon the most in terms of my leadership style. At 51, she founded a new business, the highly successful Flywheel, and built the life she'd always dreamed of. Its not a choice. Leibson: What entrepreneurs today inspire you the most and why? In this View From The Top episode, the CEO of the Dallas Mavericks shares why it takes a diverse and inclusive workplace culture to get things done.