Meet the children of Patagonia founder Yvon Chouinard
Fortune · Fabian Marelli—GDA via AP Images

In the TV show Succession, adult children duke it out to be the heir of their father's media empire. But what if no one wanted to head the business to begin with? You'd likely have a less dramatic (or funny) show, but you might be closer to the reality of the Chouinard family.

In a move that subverts the traditional ideas of how companies are run and how wealth is often distributed among the 1% in the U.S., 83-year-old Patagonia founder Yvon Chouinard announced this week that he and his family were redirecting their personal profits to the task of combating climate change. He has a reported net worth of $1.2 billion.

The Chouinards are transferring their gains and voting stock to a newly established non-profit organization, Holdfast Collective, and a new trust, the Patagonia Purpose Trust, which both aim to tackle climate change. The family isn’t stepping away from the $3 billion company altogether, as they’re still making key decisions while overseeing the Patagonia Purpose Trust.

The Chouinard children—Fletcher and Claire—aren’t clamoring for the title of CEO, instead shirking away from billionaire status. “It was important to them that they were not seen as the financial beneficiaries,” Patagonia CEO Ryan Gellert told The New York Times of Chouinard’s children. “They felt very strongly about it. I know it can sound flippant, but they really embody this notion that every billionaire is a policy failure.”

If Earth is the only shareholder of Patagonia these days, and the beneficiaries are the children of the world instead of Chouinard's own kids, who are these would-be heirs giving up the reins? Much like their father, Fletcher and Claire seem to have a tendency to not play by the stereotypical rulebook of the wealthy.

They tend to stay out of the limelight, keeping a low profile and barely speaking to the press. Both work for Patagonia, but have their own pursuits within the company. Here’s what we do know about them.

Fletcher Chouinard

A lack of interest in being a billionaire wasn’t the only thing that Chouinard passed on to his kids. While Fletcher didn’t inherit Patagonia, he's inherited his father’s passion for being an outdoorsman. He loves to surf and kiteboard—he even has a surfing trip diary from a decade ago to prove it. In an interview with The Kiteboarder, he talks about how his dad helped him get into kitesurfing, adding that he was inspired by Yvon’s interest in expedition sea kayaking. Fletcher himself became a dad in 2018.

Fletcher heads up the more than 20-year-old company FCD Surfboards, backed by Patagonia, with the tagline: “We build each surfboard like it's our own.”