Spanx founder Sara Blakely is an inspiration to women everywhere! According the cover of Forbes, Spanx founder Sara Blakely is the youngest woman to join their World Billionaires list due to her genius idea of “reinventing the girdle” – honestly who hasn’t heard of Spanx? Spanx has become a household name and generic term for shapewear in general however it sounds like Sara Blakely is just warming up. The latest issue of Forbes is dedicated to the richest people on earth with Sara Blakely gracing the front cover here’s what the magazine had to say about the queen of sucking in without the surgery:
“Today Spanx is to slimming undergarments what Kleenex is to tissues: a brand that stands for the category. It nets an estimated 20% on revenue just south of $250 million. In recent months four Wall Street investment banks separately valued Spanx at an average $1 billion, a sum Forbes corroborated with the help of industry analysts. Blakely owns 100% of the private company, has zero debt, has never taken outside investment and hasn’t spent a nickel on advertising. At 41 she’s the youngest woman to join this year’s World’s Billionaires list without help from a husband or an inheritance. She is part of a tiny, elite club of American women worth ten figures on their own, including Oprah Winfrey and Meg Whitman.”
Read the full Undercover Billionaires: Sara Blakely Joins the Rich List Thanks to Spanx article.
