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Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions

Former Peloton CEO John Foley revealed that he nearly lost all his money after leaving the exercise equipment company in 2022.

Since his exit, Foley has turned his efforts into starting New York-based home décor company Ernesta, which sells custom and tailored rugs online. Foley pitched the interactive exercise bike company in 2011, co-founding it the next year alongside Hisao Kushi, who now serves as Ernesta's Chief Legal Officer. Foley told the Post that the company's location in New York has created plenty of opportunity due to "dinner parties with diverse, dynamic conversation" adding that the Big Apple is the best place to "get to the top of the hill."

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