Are you looking forward to knowing the net worth of famous businesswoman Sara Blakely? Well, Sara Blakely Spanx Net Worth 2023 is estimated to be 110 crore USD, nearly $1 Billion. Sara Blakely is the founder and owner of Spanx, an American intimate apparel company based in Atlanta, Georgia. Spanx specializes in hosiery, leggings, and shapewear. She is widely recognized as a Businesswoman who handles Spanx and works as the minority owner of the Atlanta Hawks. She got married to Jesse Itzler 2008 who is also an entrepreneur by profession.
Sara Blakely Spanx Net Worth Today 2023
Sara is 51 years old and was born on 27 February 1971 in Clearwater, Florida(United States). Her parents, Ellen Blakely and John Blakely, worked as artists and attorneys, respectively. She has one brother, Ford Blakely, who works as an artist. Blakely is the world’s youngest self-made female billionaire. She is also known for her philanthropy and role as a Shark on the TV show Shark Tank. Sara Blakely Spanx Net Worth Today, 2023, is nearly $1 Billion.
Sara Blakely has made most of her fortune from Spanx, a highly successful brand. She has also invested in other startups, which has helped her increase her net worth. In 2005, Blakely took part in “The Rebel Billionaire.” Richard Branson awarded her a $750,000 check to start her business after finishing second place. In 2006, she founded the Sara Blakely Foundation organization, which helps women by giving them access to business training and education.
Spanx is an apparel manufacturers company established on February 15 2000, in Atlanta, Georgia, United States. Its headquarters are situated in Atlanta, Georgia. The company became fully functional and earned a total revenue of $ 400 Million as of June 30, 2018. It focuses on creating garments that make people look slimmer and more shapely. The company has increased its growth due to the hard work and teamwork of a total of 750 employees. The company mainly produces garments for women and also started making garments for men in 2010.
Sara Blakely Spanx Profile
The following are the highlights of Sara’s biography:
|Name:-||Sara Blakely Spanx|
|Birth:-||27 February 1971|
|Place:-||Clearwater, Florida(United States)|
|Eye Colour:-||Light Blond|
|Education:-||Clearwater High School; Florida State University|
|Achievements:-||American entrepreneur and inventor who founded the body-slimming underwear company Spanx and, in 2012, became the world’s youngest female self-made billionaire.|
|Property:-||A $12.11 million apartment at 15 Central Park West in 2008 sold it in 2014 for $30 Million;
Atlanta House spread over 4,000 square feet
|Address:-||Club Dr NE, Atlanta, GA 30319|
|Cars:-||Toyota Sienna of price $28,000; Land Rover Discovery of price $57,000 ; Tesla Model 3 of price $58,000|
Sara Blakely Spanx Social Media Account
Sara Blakely Spanx Biography
Early Life and Career :
Sara Blakely’s journey to becoming a successful businesswoman and entrepreneur began with the creation of Spanx, an American intimate apparel company. Spanx specializes in hosiery, leggings, and shapewear. Blakely was born in Clearwater, Florida, in 1971 and attended Florida State University, where she studied communications. After college, she worked as a door-to-door fax machine salesperson.
Sara was 27 years old when she came up with the idea of starting the business Spanx in the late 1990s. Before the business establishment, she worked as a salesperson selling fax machines door-to-door. Moreover, she worked as a stand-up comedian at Walt Disney World for three months and as a national sales trainer at the office-supply company Danka.
She began brainstorming ideas for a new business venture in her free time. In 1998, while getting ready for a party, Blakely had the idea for Spanx when she couldn’t find any hosiery that wouldn’t show through her white pants. She cut the feet off a pair of pantyhose, and the idea for Spanx was born. Blakely spent the next two years developing her product and getting her business.
She used her life savings of $5,000 to start the company and began selling Spanx out of the trunk of her car. In 2000, Spanx officially launched, and the company quickly gained popularity. Blakely’s distinct approach to shapewear was well-received by women, and her products were soon available in department stores across the country. Over the next few years, Spanx expanded its product line and opened its first retail store in Atlanta, Georgia.
Today, Spanx is a multi-million dollar company, and Blakely is considered one of the most successful female entrepreneurs in the world. Blakely is also known for her philanthropy and role as a Shark on the TV show Shark Tank. She has been recognized for her contributions to business and entrepreneurship and has been awarded multiple awards and honors. Moreover, in 2014 Sara ranked 93rd as the most powerful woman in the world.
Sara Blakely spent $12.11 Million to purchase a three-bedroom, 3093 sq ft apartment at 15 Central Park West in Manhattan in 2008. In 2014, she sold the condo for $30 Million. She owns luxury cars such as the Toyota Sienna, priced at $28,000; the Land Rover Discovery at $57,000; and the Tesla Model 3, priced at $58,000.
Sara lives in Atlanta, a city in Georgia. She owns a house spread over 4,000 square feet, with seven bedrooms and 8.5 bathrooms. The home was built in 1954 and is considered a single-family residential home. Also, it has two great parking spaces, a family room, and master bedrooms, including fireplaces. In the backyard, a lovely private pool is constructed.
Personal Life and Hobbies
Sara Blakely is known for her successful career as the founder and owner of Spanx. Still, she also has a personal life and hobbies outside her business. In 2008, Blakely married Jesse Itzler, an entrepreneur and author. They have four children together. Jesse Itzler is a co-founder of Marquis Jet. Blakely is an avid yoga practitioner and has said that yoga has been a big part of her life for over a decade.
She is also a philanthropist and has been involved in various charitable organizations and causes. In 2012, she founded the “Sara Blakely Foundation,” which mainly focuses on empowering and educating women and girls. Blakely is also an advocate for entrepreneurship and has been a mentor to many young entrepreneurs. She has been a guest speaker at various business and entrepreneurship events, sharing her experience and insights on building a successful business.
She enjoys traveling, reading and spending time with her family in her free time. She loves to make collections of contemporary art. She is also an advocate for the power of meditation and mindfulness. She has been an avid practitioner of Transcendental Meditation.
Education and Qualification
Sara finished her high school education at Clearwater High School. She later attended Florida State University and majored in communications. Sara did not enroll in any formal fashion or design training or education courses. Despite this, she was obsessed about starting her own business. Through trial and error, she learned a lot about business and entrepreneurship. Her previous door-to-door fax machine sales experience aided in the development of her sales and marketing skills.
She is a self-made billionaire whose business journey has inspired many others. She took a significant risk by following her passion, which resulted in the creation of Spanx, a multi-million dollar company. She has received numerous awards and honors in recognition of her contributions to business and entrepreneurship. She is also invited as a guest speaker at various business and entrepreneurship events, where she shares her business experience and insights.
FAQ regarding Sara Blakely Spanx Net Worth
Ques: What is the Sara Blakely Spanx Net Worth Today 2023?
Ans: Sara Blakely Net Worth 2023 is estimated to be $1 Billion as reported by Forbes. She is highly recognized by the other business entrepreneurs as the youngest self-made female billionaire.
Ques: Where does Sara Blakely reside currently?
Ans: Sara Blakely currently resides in Atlanta, a city in Georgia, United States.
Ques: How did Sara Blakely manage to establish stores to popularize her own brand Spanx?
Ans: Sara Blakely worked for many job roles in multiple companies and did life saving of $5000 to start her own business brand Spanx.