Sara Blakely Net Worth

Sara Blakely net worth is
$1 Billion

Sara Blakely Wiki Biography

Sara Blakely was born on 27 February 1971, in Clearwater, Florida USA, and is a most successful and rich businesswomen, no doubt best known as the founder of the American hosiery and lingerie company, Spanx. Blakely has been included in such lists as the world’s wealthiest, 100 most influential people, and most powerful women in the world.

How rich is Sara Blakely? Now Sara’s net worth is estimated by sources at over $1 billion as of early 2016, and this will probably become larger in the future, as her company Spanx is one of the most successful, and from which her wealth emanates. However, Sara has also appeared on television several times and she is also known for her philanthropic activities. It can be seen that Blakely is a very generous and successful woman who has been able to reach her dreams.

Sara Blakely Net Worth $1 Billion

Sara Blakely finished at Clearwater High School and graduated from Florida State University with a degree in communications, although she apparently had ambitions to study law and become an attorney, but her efforts were not successful and she had to rethink her future. During the time when Sara didn’t know what she now wanted to do for a living, she worked in Walt Disney World and in the company called Danka, which provided the needed equipment for offices. Sara Blakely’s net worth started to grow during these periods, and it was while working in Danka that Sara had the idea of undergarments which would make you feel comfortable and at the same time would look good, based especially on her personal experience in warm climates.

Sara wanted to create this kind of hosiery, but at first she didn’t have enough money to develop her idea. Relocating to Georgia, Sara saved sufficient money to produce her idea and write and apply for her own patent, but only in 2000 did she receive support from a mill owner who had been persuaded by his daughters after trying out her prototypes. Only after some time did others understand the value of Sara’s idea. These innovations are the main source of Sara Blakely’s high net worth, as women all around the world enjoy the products of her Spanx company, which was subsequently founded by Sara.

Blakely is also part-owner of the Atlanta Hawks NBA basketball team, and aAnother activity which adds to Sara’s net worth is her appearances on television. She was a contestant on “The Rebel Billionaire”, but in such shows as”The Oprah Winfrey Show” and “American Inventor”,  she had an opportunity to promote her products, and work with George Foreman, Peter Jones and Pat Croce, and meet businessman Richard Branson who also assisted her business endeavours.

As mentioned before, Sara is also known for philanthropic actions; she founded her own Sara Blakely Foundation, which helps other women to get an education, and she is also a participant in “The Giving Pledge”, organised by Bill Gates and Warren Buffett to persuade the wealthy to part with some of their fortune.

In her personal life, Sara Blakely married musician/singer Jessie Itzler in 2008, and they have three children

 

 



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