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Sara Blakely
Founder and CEO, SpanxBirth DetailsFebruary 27, 1971 | Clearwater, Florida
NationalityAmerican
LeagueEntrepreneur
EducationCommunications Graduate, Florida State University
Net Worth$610 million (As of October 13, 2020)
Sara Blakely's Assets:
Sara Blakely's Journey so far ...
Before you go ...
- Spanx
Sara Blakely's Journey so far ...
- Sara Blakely graduated in Communications from the Florida State University and joined the Walt Disney Company for a brief period. She then joined office product supplier Danka in sales and later was promoted to training
- After her work hours at Danka, she spent most of the time researching and creating her own hosiery line
- Blakely started Spanx in 2000 with $5000 in personal savings and wrote her own patent as she was unwilling to pay the high fees of the lawyer
- Spanx started off as an experiment when Blakely wanted an undergarment that was comfortable, looked slimmer, undetectable beneath her clothes and could be worn with open-toed shoes. Hence, with a pair of pantyhose and scissors, she made a garment that she wanted
- She bet on this concept and the sales of the shapewear brand skyrocketed after she appeared in the Oprah Winfrey Show in late 2000. She turned the start-up from a $5000 firm to a unicorn
- She then expanded Spanx into undergarments, leggings, swimwear, activewear, jeans, arm tights and maternity segments. Headquartered in Atlanta, Georgia, the innerwear brand millions of women swear by is now present in over 50 countries
- Blakely is a television star too, she appeared as a judge in the reality series Shark Tank and also played a role in Rebel Billionaire hosted by Britisher Richard Branson, even though she finished second he gave her $750,000
- The Spanx founder used this money to set up the Sara Blakely Foundation to empower women, entrepreneurship and arts. She has committed to donating a substantial amount of her wealth to charities aimed at women
- In 2013, she signed Bill Gates and Warren Buffett's Giving Pledge campaign, thereby becoming the first female billionaire to do so
- In 2015, she along with a few other investors acquired the Atlanta Hawks of the National Basketball Association
Before you go ...
- In 2012, at the age of 41, the American entrepreneur was ranked the world’s youngest self-made female billionaire ever by Forbes
- Time Magazine in 2012 ranked Sara as one of the 100 Most Influential People
Last Updated: 27/03/2021
Sara Blakely News
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