When did Sara Blakely become a billionaire?

When did Sara Blakely become a billionaire?

Sara Blakely, (born February 21, 1971, Clearwater, Florida, U.S.), American inventor and entrepreneur who created Spanx, a brand of body-slimming women’s undergarments, and in 2012 became the world’s youngest female self-made billionaire.

How much did spanks sell for?

Blackstone buys majority stake in shapewear maker Spanx, valuing it at $1.2 billion. The deal will allow Spanx to further expand globally and help it strengthen its online business, the companies said.

Is the owner of Spanx a billionaire?

Sara Blakely was once a door-to-door fax machine salesperson. Now, she’s known as the founder of Spanx, a billion-dollar company that sells undergarments, leggings, and swimwear. Learn the tactics she used to go from a struggling entrepreneur to a high-net-worth business mogul.

How much does Sarah Blakely own in Spanx?

She started the company with $5,000 from her own savings, and it’s grown into a business now valued at $1.2 billion. In October 2021, Blakely sold a majority share of Spanx to Blackstone, bringing her net worth over the $1 billion mark.