Daniel Conn

According to the man who founded the business with the help of more than 60%, the founder of Australia-based global fitness empire F45, who recently resigned from the firm after its share price plummeted more than 60%, has left the company. Rob Deutsch, who co-founded the F45 franchise with Adam Gilchrist in 2014, told Daily Mail Australia that he had not talked with him "in two to three years." 'I'm told he is hiding, changed numbers, etcetera, so it might be impossible to get ahold of nowadays,' Mr Deutsch said. Despite the company's share price crash, Mr Gilchrist's payout is expected to exceed $10.1 million, including 12 months' rent on his Florida mansion and 18 months of health insurance for his family.

When the firm first started in 2012, F45 founder Adam Gilchrist (pictured left) was included on Australia's National Personal Insolvency Index (document inset). With actor Mark Wahlberg (pictured left with Mr Gilchrist at the New York Stock Exchange) investing $450 million in 2021 and the likes of David Beckham (bottom right) as ambassador, the company and reconstruction program flourished around the world. However, the company's share price has since decreased from $22.89 per share to $2.31 at the time of writing. After stepping down as F45's CEO and chairman, the founder sold his beach house (top right) in Freshwater in Sydney's North Beaches last week for $10 million.