How much is Spanx company worth?

How much is Spanx company worth?

She started the company with $5,000 from her own savings, and it’s grown into a business now valued at $1.2 billion.

How much does Spanx make a year?

Last summer, Forbes reduced its estimated valuation of Spanx to $540 million, down from $1 billion in 2012. The company’s annual revenues floated around $300 million to $400 million as of June, according to The New York Times, barely higher than its sales nearly a decade ago.

Is Spanx owner a billionaire?

Sara is a self-made billionaire. In 2012, Sara was one of Time Magazine’s 100 Most Influential People in the World and she appeared on the cover of Forbes Magazine as the youngest self-made billionaire. The Blackstone Group acquired a majority stake in Spanx that same year, valuing the company at $1.2 billion.