Sara Blakely Net Worth

Net Worth: $1 Billion
Statistics
  • Source of Wealth:

    Hosiery
  • Age:

    47
  • Birth Place:

    Clearwater, Florida, USA
  • Marital Status:

    Married (Jesse Itzler)
  • Full Name:

    Sara Blakely
  • Nationality:

    United States
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About Sara Blakely

American businesswoman, Sara Blakely has an estimated net worth of $1 billion in June 2016, according to Forbes list. Blakely founded Spanx, a multi-million dollar undergarment company. She is the world's youngest self-made female billionaire. She was 29 when she invested her entire life savings, $5,000, trying to come up with something flattering to wear under her white slacks. Six months later, the one-time Disney World ride greeter and door-to-door fax machine salesperson found her new line of shaping underwear, Spanx, named one of Oprah Winfrey's Favorite Things. Since then, Blakely has taken Spanx from a one-product wonder sold out of her Atlanta apartment to a billion-dollar powerhouse with just under $250 million in annual revenues and net profit margins estimated at 20%. She owns 100% of the private company, has never advertised and never taken outside investment.

Earnings & Financial Data ?
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Earnings 2004

Earning Turned Donation 2004
Earnings from Fox's The Rebel Billionaire: Branson's Quest for the Best, which she used to start a foundation to empower women
$750,000

Earnings 2001

Royalties 2001
Earnings from the sales of Spanx on its second year
$10,000,000
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