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Entertainment June 4, 2018
Sara Blakely's net worth as the creator of Spanx exemplifies a true boss woman.
Sara Blakely has taken the world by storm as one of the most successful businesswomen in the country. In 2014, Forbes listed Blakely on their list of the 100 most powerful women in the world. Forbe’s article does not fall short of mentioning how she is the youngest self-made billionaire to make this top list. Sara Blakely, age forty-one, landed herself the forty-third spot on Forbe’s list.
Starting with Sara Blakely’s net worth, here is everything you need to know about this American boss lady:
“My revenue was $4 million my first year in business, off of one $20 item.” – Sara Blakely
Sara Blakely’s net worth is currently estimated to be at a whopping $1.06 billion. Her good fortunes clearly come from her hard work and entrepreneurial instincts. According to Business Insider, Blakely began her journey in childhood after setting up a haunted house. She cleverly charged friends and family an entry fee to make the most of her hard work.
Sara Blakely is the founder of Spanx; women’s shape-wear. Her inspiration came from being unable to find the perfect form fitted undergarments to make her body look its best. In her early stages, she spent her money patenting Spanx which left her without funds for advertising. She explains how at first she stood outside department stores for nine hours a day holding up before and after pictures of her using her product. It wasn’t until she boldly cold called Neiman Marcus that she got her first department store order.
Sara Blakely ‘s childhood was spent growing up in Clearwater, Florida. Her mother was an artist and her father was a lawyer. She attributes her confidence in becoming a young entrepreneur to her father who continually encouraged her to learn from her failures.
Sara Blakely’s instagram often features images of her four children. She prides herself on being a mother as well as a businesswoman. Sara Blakely’s husband is Jesse Itzler, who also founded his own success through his company, Marquis Jets. At this rate, we look forward to seeing what business savvy characteristics their children inherit someday.
Blakely says her biggest lessons is her acceptance of failure. She learned, at a young age, the worst thing that failure can do is make you memorable. She emphasizes her funky style and desire to try new things as one of her strengths. If you have the courage to put yourself out there, you can achieve anything.
Finally, Blakely kept her prototype under wraps for an entire year before finally perfecting her product. This extra bit of time made her ready when it came to fully committing to her creation.
So with hard work and natural instinct, Sara Blakely has set the standard for businesswomen across the nation looking to build their companies and achieve success.
