A billionaire entrepreneur, Sara Blakely is a philanthropist who has a net worth of $1.2 billion. Her company, Spanx, is one of the most successful shapewear brands ever. Spanx was valued at $1.2 billion when Sara sold the majority stake to private equity firm Blackstone in October 2021. As a minority shareholder, Sara remains involved with the company and oversees its business operations. Marquis Jets founder and wife Sara Itzler are both members of The Giving Pledge. Aside from their ownership of the NBA’s Atlanta Hawks, Sara and Jesse are also minority owners.
|Full Name||Sara Treleaven Blakely|
|Birth Date||27th February 1971|
|Birth Place||Clearwater, Florida, USA|
|Age||50 years old|
|Net Worth||$1.2 billion|
Ѕаrа Вlаkеlу wаѕ bоrn оn 27th Fеbruаrу 1971 іn Сlеаrwаtеr, Flоrіdа, thе U.Ѕ. tо Еllеn Вlаkеlу аnd Јоhn Вlаkеlу. She had a mother who was an artist, and a father who was an attorney. She has a brother named Fоrd Blakely in her family, who is a writer. She grew up with her brother. She rests with her parents as well as obeying and following her father’s advice throughout her professional life.
Early in her childhood, Ara attended a local high school. Then, in 1993, she traveled to Florida to visit the Un*vereda States and the Un*veresian region. In terms of communication skills, he’s an excellent student. She belonged to the Delta Delta Delta Society. Her father encouraged her and her brother to follow their dreams because she had a unique perspective on life.
During her childhood, Sara wanted to be a lawyer like her father. Gradually, she became a successful businesswoman. He worked at Walt Disney World as a machine operator. It is likely that Sаra has a close relationship with Jesse Itzler, a former rapper, as well as an entrepreneur. They have a son named Lazer.
Sara Blakely’s Career & Standing
Blakely got a job as an office supply company’s door-to-door fax seller after three months at Disney World. When she was 25, she was appointed national sales trainer, which was an excellent job for her. At the time, she had to wear pantyhose to a job like this, since the dress code was professionally formal in the 1990s. In Florida, summers are incredibly hot and humid, making this situation extremely uncomfortable.
With their control tops, the pantyhose gave her a slimmer appearance and eliminated her panty line. In open-toed shoes, she disliked how the toes were seamed together. Her hose kept rolling up her leg even after she cut off the feet. Sarah Blakely’s invention was very much a product of necessity, and the saying has proven true time and time again. It was because of this that she created Spanx.
She moved to Atlanta when she was 27 because she had a job there. With the $5,000 she had saved over the next two years, she researches and develops her idea. Her idea was to develop a prototype for hosiery, so she went to North Carolina, where most of the U.S. hosiery mills were located, to get a company to make it. She was rejected again and again.
She had no idea what she was talking about. Her hosiery manufacturer in North Carolina contacted her two weeks after she returned to Atlanta. His daughters understood Blakely’s idea instantly, and they thought it was a brilliant idea when he told them about it. Blakely asked him to create shapewear for her.
Sara Blakely’s Personal Life
She was married to Jesse Itzler in Boca Grande, Florida, in 2008, the co-founder of Marquis Jet. Prior to their wedding, the couple dated for a year at a Net Jet Poker Tournament. There are four children in the family.
Blakely participated in “The Rebel Billionaire” in 2005, finishing second and receiving a $750,000 check from Richard Branson to start her foundation. It was in 2006 that her foundation was launched. Blakely organizes workshops to help women become entrepreneurs.
Sara Blakely Net Worth
The Spanx company generated revenues of $ 4 million each year, which increased to $ 400 million by 2014. The estimated net profit was 20% of the annual revenue. He owns 100% of her company, which has no debt, which clearly illustrates that she is reaping the benefits from the business. In 2011, she bought a residence with a swimming pool for $ 8.8 million, and as of now, he resides in a 10,000-square-foot solar-powered house. The net worth of Sara is estimated to be $ 1.2 billion by 2021.