Businesswoman and philanthropist Sara Blakely. On February 15, 2000, she introduced the Spanx underwear line in Atlanta, Georgia. She was reared in Florida, where she also earned a communications degree from Florida State University.
Sara attended Florida State as a Tri-Delt. Sara was able to sell her product at a meeting with the Neiman Marcus Group after trademarking Spanx. She also sent Oprah Winfrey some of her goods to utilize as show gifts.
Background of Sara Blakely
Florida’s Clearwater, a suburb of Tampa, is where Sara Treleaven Blakely was born on February 27, 1971. Ellen and John, her parents, are artists and attorneys, respectively. Ford, her brother, is creative.
1989 saw her graduate from Clearwater High School. In 1993, she earned a communications bachelor’s degree from Florida State University. Blakely belonged to the Delta Delta Delta sorority at Florida State University.
Sara wanted to practice law like her father, but her LSAT results prevented her from enrolling in law school. Instead, she spent three months working at Walt Disney World and performing stand-up comedy at night.
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What Is Sara Blakely’s Net Worth?
Sales for Spanx in its first year in business totaled $4 million, and in its second year, they reached $10 million. The Blackstone Group paid $1.2 billion for a majority stake in Spanx in 2021, which is the company’s current market worth.
| Net Worth: | $1 Billion |
| Date of Birth: | Feb 27, 1971 (51 years old) |
| Gender: | Female |
| Profession: | Entrepreneur, Businessperson |
| Nationality: | United States of America |
Despite selling some shares, Blakely kept her position as CEO of the company. She has also made a lot of investments in other expanding enterprises throughout the years. She also makes additional money occasionally as a TV personality. Each of these actions contributed to Sara Blakely’s $1 billion wealth.
Youngest Self-Made Female Billionaire in 2012
Oprah Winfrey announced that Spanx was one of her favorite goods not long after Sara established her firm. On the strength of the free publicity, this resulted in a tremendous increase in sales. Blakely agreed to a partnership with the home shopping channel QVC in 2001 in order to expand her company.
Following her second-place finish in the reality competition The Rebel Billionaire in 2006, the budding entrepreneur founded the Sara Blakely Foundation for women. The following year, she collaborated with Target to introduce an exclusive, lower-priced shapewear line called Assets.
This helped her become the youngest self-made female billionaire in 2012 at the age of 51 years old . She received offers to appear in various reality TV shows as a result. Most notably, she served as a judge on American Inventor and a recurring investor on a few episodes of Shark Tank’s seasons nine through ten.
Personal life
In Boca Grande, Florida, in 2008, Blakely wed Jesse Itzler, a co-founder of Marquis Jet, at the Gasparilla Inn and Club. Actor Matt Damon attended the wedding, and singer Olivia Newton-John gave a surprise appearance. They have four kids collectively. She recently embraced Judaism.
Real Estate
For $12.11 million, Blakely acquired a three-bedroom, 3,093-square-foot condo at 15 Central Park West in Manhattan in 2008. In 2014, she sold it for $30 million.
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Conclusion
Sara Blakely is an American businessman and philanthropist who has a net worth of $1 billion dollars. She is the founder of the very successful shapewear Brand Spanx.
Blakely married Jesse Itzler, the co-founder of Marquis Jet, in Boca Grande, Florida in 2008. The couple met at a Net Jet Poker Tournament and dated for a year before getting married. Sara and Jesse have four children.
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