Foley was born in
Houston, Texas, in 1971, and grew up in
Key Largo, Florida. He received the Bachelor of Science in Industrial Engineering from
Georgia Tech and the Master of Business Administration from the
Harvard Business School. During university, he paid for his tuition by working at a
Skittles factory.
Peloton Foley co-founded Peloton in 2012. The company went public in 2019, and he had a net worth of approximately $1.9 billion in 2021. As Peloton began to experience financial difficulties related to the
COVID-19 pandemic, his net worth declined to approximately $225 million in November 2022. He left the company that year as it underwent a restructuring. After leaving Peloton, Foley founded Ernesta, an online rug company that ships samples to customers. It was cofounded with Hisao Kushi and Yony Feng, both of whom also cofounded Peloton. The company launched in 2023, operating in New York, Texas, Florida and Illinois. == Personal life ==