Sara Treliven Blakely is an American businesswoman and philanthropist who founded Spanx, an underwear company known worldwide for its comfortable leggings and variety of pants. Sarah was included in the list of the 100 most powerful women in the world according to Forbes. As of 2021, Sarah Blakely's net worth is estimated to be around $1.2 billion.
| Full Name | Sara Treleaven Blakely |
| Birth Date | February 27, 1971 |
| Birth Place | Clearwater, Florida, U.S. |
| Profession | Entrepreneur and Philanthropist |
| Relationship Status | Married |
| Net Worth | $1.2 billion |
Early Life
Sarah attended Clearwater High School and then Florida State University where she earned her bachelor’s degree in communications.
Sara Blakely Net Worth and Career
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After graduating from high school, Sarah thought about becoming a lawyer, but law school hurt so much that she decided to work at Walk Disney World. During this time, she also starred in cabaret.
Later he started working for Danka, a company that sold faxes. There she took care of sales and thanks to her skills she managed to become a national sales trainer at just 25 years old. At her job, she was faced with the problem of wearing her stockings in the heat, which was very uncomfortable.
As a result, he carried out various experiments on his clothes to get rid of the sores. She came up with an idea that she continued to work on while working at Danka. Within two years, he was able to develop his idea and apply for a patent. His brand will be Spanx.
Sarah then began presenting her products to various groups, among which the Neiman Marcus group was one of the first to notice her innovative product and potential. Rumors soon spread from Spanx. One of the turning points in the life of the company comes in the year 2000 when Oprah Winfrey recommends this product as one of her favorite hobbies.
This immediately caused Spanx sales to skyrocket, resulting in many profitable deals. In 2012, Sarah made history by becoming the world’s youngest self-made billionaire. Since then, Sarah’s personal brand has grown and the world has recognized her entrepreneurial skills.
Over the years, Spanx has faced stiff competition from brands like Shapermint, which have entered the fray and captured significant market share. In addition, there is also the Honeylove brand, financed by several venture capital firms, and the Skims brand, launched by Kim Kardashian and valued at more than 1,600 million dollars.
Personal Life
Sarah is married to Jesse Itzler, the owner of the Marquis Jet. After they met at a Net Jet Poker tournament, they started dating and in 2008 they decided to get married. Together, the couple have four children. Along with her husband, Sarah also plays for the Atlanta Hawks.
Sara Blakely net worth
As of 2021, Sarah Blakely’s net worth is estimated at $1.2 billion. After achieving billionaire status a few years ago, Sarah’s net worth plummeted during the pandemic due to a sharp drop in company earnings, causing her market capitalization to shrink.
However, in 2021, Sarah announced the sale of a majority stake in her company to the private equity group Blackstone, returning the value of her company to over $1 billion. Sarah has always managed to maintain a significant stake in the company and will be its president.