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The Dirtbag Billionaire
New York Times
reporter and bestselling author David Gelles reveals how Patagonia became a global leader in doing well by doing good and how other companies are adopting its principles.
This is the inside story of one of the most extraordinary brands in the corporate world, the rare company that is driven by environmental activism instead of cutthroat capitalism. Founded in 1973, Patagonia has grown into a wildly popular producer of jackets, hats, and fleece vests, with a cultlike following among hardcore alpinists and Wall Street traders alike, posting sales of more than $1 billion a year.
But it’s not just the clothes that make Patagonia unique. For decades, the company has distinguished itself as a singular beacon for socially responsible business, the rare company that can legitimately claim to be doing its damnedest to make the world a better place, while also making a profit. From its early efforts to take exemplary care of its employees, to its extensive work trying to clean up its supply chain, to its controversial activism, Patagonia has set itself apart from its peers with one unorthodox decision after another, proving that there is another way to do capitalism.
At the heart of the story is Patagonia’s founder, the legendary rock climber Yvon Chouinard. A perennial outsider who forged one of the most impressive resumes in the outdoor world, Chouinard also established himself as a pivotal figure in the history of American business. Guided by his anti-authoritarian streak and his unwavering commitment to preserving the natural world, Patagonia came to exert a powerful influence on other companies, paving the way for a new era of social and environmental responsibility. He started out as a dirtbag—a term affectionately bestowed on poor, itinerant outdoorsmen so uninterested in material possessions they are happy to sleep in the dirt—and he became a billionaire.
Chouinard also proved that there was another way to be a philanthropist. In the twilight of his career, he gave away Patagonia, renouncing his wealth and committing all its future profits to fighting the climate crisis.
Drawing on exclusive access to Chouinard and the Patagonia team, Dirtbag Billionaire offers new insights into the key moments that informed their priorities, shaped the company, and sent ripples across the corporate world.
This is the inside story of one of the most extraordinary brands in the corporate world, the rare company that is driven by environmental activism instead of cutthroat capitalism. Founded in 1973, Patagonia has grown into a wildly popular producer of jackets, hats, and fleece vests, with a cultlike following among hardcore alpinists and Wall Street traders alike, posting sales of more than $1 billion a year.
But it’s not just the clothes that make Patagonia unique. For decades, the company has distinguished itself as a singular beacon for socially responsible business, the rare company that can legitimately claim to be doing its damnedest to make the world a better place, while also making a profit. From its early efforts to take exemplary care of its employees, to its extensive work trying to clean up its supply chain, to its controversial activism, Patagonia has set itself apart from its peers with one unorthodox decision after another, proving that there is another way to do capitalism.
At the heart of the story is Patagonia’s founder, the legendary rock climber Yvon Chouinard. A perennial outsider who forged one of the most impressive resumes in the outdoor world, Chouinard also established himself as a pivotal figure in the history of American business. Guided by his anti-authoritarian streak and his unwavering commitment to preserving the natural world, Patagonia came to exert a powerful influence on other companies, paving the way for a new era of social and environmental responsibility. He started out as a dirtbag—a term affectionately bestowed on poor, itinerant outdoorsmen so uninterested in material possessions they are happy to sleep in the dirt—and he became a billionaire.
Chouinard also proved that there was another way to be a philanthropist. In the twilight of his career, he gave away Patagonia, renouncing his wealth and committing all its future profits to fighting the climate crisis.
Drawing on exclusive access to Chouinard and the Patagonia team, Dirtbag Billionaire offers new insights into the key moments that informed their priorities, shaped the company, and sent ripples across the corporate world.
1 pages, Audio CD
First published September 9, 2025
About the author
David Gelles
5 books86 followersDavid Gelles is a reporter for the New York Times, covering mergers & acquisitions, corporate governance, and Wall Street. You can find most of his most recent work on DealBook.
Before joining the Times in September 2013, he spent five years with the Financial Times. At the FT, he covered tech, media and M&A in San Francisco and New York. In 2011 he conducted an exclusive jailhouse interview with Bernie Madoff, shedding new light on the $65 billion ponzi scheme.
David is writing a book about mindfulness at work, bringing together his 15 years of meditation practice with his work as a business journalist. ‘Mindful Work’ will be published by Houghton Mifflin Harcourt in 2015, and will explore the growing influence of Eastern wisdom on Western business.
He lives in New York City with his wife and daughter.
Before joining the Times in September 2013, he spent five years with the Financial Times. At the FT, he covered tech, media and M&A in San Francisco and New York. In 2011 he conducted an exclusive jailhouse interview with Bernie Madoff, shedding new light on the $65 billion ponzi scheme.
David is writing a book about mindfulness at work, bringing together his 15 years of meditation practice with his work as a business journalist. ‘Mindful Work’ will be published by Houghton Mifflin Harcourt in 2015, and will explore the growing influence of Eastern wisdom on Western business.
He lives in New York City with his wife and daughter.
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