A smart purchase in China has given Vancouver billionaire Chip Wilson a pretty good quarter

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      Not that he needed it, but Lululemon Athletica founder Chip Wilson is another $43.1 million richer.

      The Vancouver entrepreneur made that sizable chunk of change in just three months, according to Bloomberg News.

      Wilson did it with a 0.59-percent stake in Anta Sports Products Ltd, a clothing and apparel company based in Quanzhou, China.

      The designer and manufacturer has plans to compete with the likes of Nike and Adidas, Bloomberg News reports. It caught Wilson’s attention when it purchased Amer Sports Oyj, a company based in Finland, for a price of $6.9 billion.

      Wilson, who according to Forbes has a net worth of $4.8 billion, founded the skate and snowboard apparel company Westbeach in Vancouver in 1979 and then established Lululemon in 1997. He sold Westbeach in 1997 and resigned from Lululemon’s board of directors in February 2015.

      In recent years, Wilson’s Low Tide Properties has been investing in real estate in East Vancouver, notably along East Hastings Street.

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