Entrepreneurship is all about having a problem-solving idea and turning it into a business. That’s what Sara Blakely, Spanx’s founder and former CEO, did. She’s an American businesswoman who has created a billion-dollar business over around two and a half decades.
Many people worldwide have been inspired by what Sara accomplished despite having no formal business education. They are therefore interested in knowing her net worth and business story. This post will go into deep detail about Sara Blakely net worth. Let’s get started.
Who is Sara Blakely?
Sara Blakely is an American businesswoman who founded the infamous shapewear brand Spanx. Her business has grown a lot since its launch in 1998 and is now worth a billion dollars. Sara used to be a simple salesperson when she decided to turn her life around with a creative garments business idea she had.
So, she started her entrepreneurial journey with just $5,000 and a creative dream of offering quality shapewear to people. Although her business is worth a lot now, things weren’t going great at the beginning.
She had to face lots of rejection from multiple places. However, just like any other great entrepreneur, Sara turned things around with her passion and hard work. After making a breakthrough deal with Neiman Marcus, her brand now has millions of customers.
Bio Data of Sara Blakely
- Full Name: Sara Treleaven Blakely
- Date Of Birth: February 27, 1971
- Birth Place: Florida
- Nationality: American
- Marital Status: Married
- Height: 5’6”
- Occupation: Businesswoman
- Zodiac Sign: Pisces
- Children: Lazer, Charlie, Lincoln, Tepper
Sara Blakely Net Worth
According to Celebrity Net Worth, Sara Blakely net worth is $1 billion. She’s made her wealth solely from her garments business in around 26 years. During the pandemic, her company’s worth decreased to around $750 million.
However, things went back on track quickly, and she recently made a deal with Blackstone. According to this deal, Spanx’s worth is now $1 billion. Twelve years after starting Spanx, the company made around $250 million in annual sales.
She has faced ups and downs during her career due to several competitor brands, including Shapermint and Honeylove. Regardless of this, Blakely has made Spanx one of the biggest garment brands in the United States.
The Lifestyle of Sara Blakely
Sara Blakely was born on February 27, 1971, in Florida. She had a pretty normal childhood, with his mother and father working as an artist and attorney, respectively. Her brother, Ford, is also an artist.
Blakely graduated from Florida State University with a bachelor’s degree in communication in ’93. Her dream was to become a lawyer, but her low score on LSAT didn’t let it happen. So, she started working as a stand-up comedian at Walt Disney for a while.
Career
After working at Walt Disney for a few months, she got a job as a door-to-door salesperson for fax machines. This profession required appropriate clothing, but the heat and humidity of Florida made it very uncomfortable.
Sara has always liked the idea of pantyhoses and how they help with dressing. At the age of 27, she moved to Atlanta for her job and utilized the idea of shapewear from pantyhose. Sara created Spanx with this idea for just $5,000.
During earlier days, her idea was turned down several times, but she somehow managed to create and ship her products. Blakely then made a deal with a local buyer Neiman Marcus which is now a huge brand in itself. Soon, the company became a brand and did not require much effort to sell products.
Business success
Blakely also sent products to Oprah Winfrey, which helped her gain many new customers. Many other big brands started taking interest in her product. However, Sara made business choices with great care. Each deal was done carefully, which helped her keep on working on his brand while increasing its worth.
Personal life
Sara Blakely is married to Jesse Itzler, the co-founder of Marquis Jets. They met at a Net Jet Poker Tournament and married a year after dating. Sara and Jesse have four children.
Summary
Sara Blakely net worth is around $1 billion. She’s the founder and former CEO of Spanx, a famous shapewear brand. All of his wealth results from her hard work and wise decisions in the business world.
After starting a business in his 20s with limited resources, she has turned the business into a billion-dollar company. Currently, she’s not directly involved in Spanx but overseas a few things as an executive chair.
