Sara Blakely Net Worth is$1 Billion
Profession: Entrepreneur
Date of Birth: Feb 21, 1971
Country: United States of America
Date of Birth: Feb 21, 1971
Country: United States of America
What is Sara Blakely's net worth? Sara Blakely's net worth is $1 billion dollars. Born in Clearwater, Florida, Sara Blakely graduated from Florida State University, and paid her way through school working at Disneyworld. After selling fax machines door-to-door after graduation, she became frustrated with her pantyhose, and wondered why there were no footless pantyhose available on the market. She designed her own, moved to Atlanta to work with local manufacturers, and eventually convinced a North Carolina-based retailer to carry her line. After trademarking the hose herself, she went national, selling her hosiery directly from her home. Soon, her brand, Spanx, was available in multiple retail locations and online. Twelve years later, she is valued at $1 billion dollars. She launched the Sara Blakely Foundation to support other young female entrepreneurs, and also provided scholarship funds for an organization that supports community and personal development in South Africa. She has also appeared on multiple reality shows, including "The Rebel Billionaire" and "American Inventor".
Sara Blakely (born February 21, 1971) is an American businesswoman. In 2000, Blakely founded Spanx, a multi-million dollar undergarment company. She is the world's youngest self-made female billionaire.
Sara Blakely was born on February 21, 1971, in Clearwater, Florida, the daughter of a lawyer and an artist. She graduated from Florida State University, with a degree in communications. While attending she was a member of Delta Delta Delta sorority, and worked part time at Walt Disney World.
Blakely joined local stationery company Danka, and began selling fax machines door-to-door.
In the heat and humidity of Florida, she tried unsuccessfully to find pantyhose that didn't have seamed toes, and that didn't roll up the leg when she cut them. Investing her life-savings of $5,000 she moved to Atlanta, researching and then trying to reach production deals with local manufacturers. Sam Kaplan, co-owner of the Charlotte, N.C. based Highland Mills, didn't buy Blakely's pitch until polling his two daughters on what they thought of footless pantyhose. Their reaction was unanimous: They'd buy it. Kaplan decided to take Blakely's order after all, and by August 2000, she had her first 3,000 pairs of hose.
Having read books on marketing, she designed her own logo on a friend's computer, and then to save the $3,000 legal fee needed to trademark the Spanx name, used a Barnes & Noble textbook and learned how to do it herself. In 2000 she launched the Spanx brand from her home, undertaking all initial calls and marketing herself across North America. She was later caught on CCTV by a department store repositioning her products so they were displayed more prominently. The Spanx company and brand are now valued at more than $1 billion.
In 2006, she launched the Sara Blakely Foundation to help women through education and entrepreneurial training, and has funded scholarships for young women at Community and Individual Development Association City Campus in South Africa. Sh
Sara Blakely was born on February 21, 1971, in Clearwater, Florida, the daughter of a lawyer and an artist. She graduated from Florida State University, with a degree in communications. While attending she was a member of Delta Delta Delta sorority, and worked part time at Walt Disney World.
Blakely joined local stationery company Danka, and began selling fax machines door-to-door.
In the heat and humidity of Florida, she tried unsuccessfully to find pantyhose that didn't have seamed toes, and that didn't roll up the leg when she cut them. Investing her life-savings of $5,000 she moved to Atlanta, researching and then trying to reach production deals with local manufacturers. Sam Kaplan, co-owner of the Charlotte, N.C. based Highland Mills, didn't buy Blakely's pitch until polling his two daughters on what they thought of footless pantyhose. Their reaction was unanimous: They'd buy it. Kaplan decided to take Blakely's order after all, and by August 2000, she had her first 3,000 pairs of hose.
Having read books on marketing, she designed her own logo on a friend's computer, and then to save the $3,000 legal fee needed to trademark the Spanx name, used a Barnes & Noble textbook and learned how to do it herself. In 2000 she launched the Spanx brand from her home, undertaking all initial calls and marketing herself across North America. She was later caught on CCTV by a department store repositioning her products so they were displayed more prominently. The Spanx company and brand are now valued at more than $1 billion.
In 2006, she launched the Sara Blakely Foundation to help women through education and entrepreneurial training, and has funded scholarships for young women at Community and Individual Development Association City Campus in South Africa. Sh
Sara Blakely Latest News
Spanx inventor Sara Blakely donates half her $250 million fortune
saying she was among eight other new signatories promising to give away at least half of their fortune, Forbes reported. Blakely said she was encouraged to join by Bill and Melinda Gates who took her to dinner to talk about the foundation they initiated.
Posted: May 7, 2013, 12:28 pm
Sara Blakely first female billionaire in Gates-Buffet giving pledge
Sara Blakely, founder of shapewear brand Spanx Inc., will be the first self-made female billionaire to pledge at least half her wealth to charity. Investing in women is her top priority in joining The Giving Pledge, brainchild of Bill Gates and ...
Posted: May 7, 2013, 10:29 am
Spanx Founder Sara Blakely: ‘Whether Boosting Their Butts or Businesses, I’m Passionate About Helping Women’
Sara Blakely’s bottom line is taking a hit — for a cause. The 42-year-old Spanx founder — crowned the world’s youngest self-made female billionaire by Forbes in 2012 — has signed the Giving Pledge, “ a commitment by the world’s ...
Posted: May 12, 2013, 5:00 pm
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