|Net Worth:||$1 Billion|
|Date of Birth:||February 27, 1971 (52 years old)|
|Nationality:||United States of America|
What is Sara Blakely’s Net Worth?
Sara Blakely is an American entrepreneur and philanthropist who has a net worth of $1 billion. She is the inventor of the enormously popular shapewear company Spanx. In a deal estimated at $1.2 billion, Sara consented to sell a majority stake in Spanx to private equity firm Blackstone in October 2021.
Sara Blakely continues to own a minority stake and is in charge of running the business. The Giving Pledge members include Sara and Jesse Itzler, who founded Marquis Jets. Additionally, Sara and Jesse hold minority ownership in the NBA’s Atlanta Hawks.
Sara Treleaven Blakely was born on 27 February 1971, in the Tampa suburb of Clearwater, Florida.
In 1989, she received her high school certificate from Clearwater. She earned a bachelor’s degree in communications from Florida State University in 1993.
During her studies at FSU, she belonged to the Delta Delta Delta sorority at FSU.
Sara intended to follow in her father’s footsteps and pursue a career in law, but due to her poor LSAT results, she was unable to enroll in a law program. She decided to work at Walt Disney World for three months where she performed stand-up comedy in the evenings.
Blakely received a job selling fax machines door-to-door for an office supply firm after spending three months at Disney World. While working as a fax machine distributor she had an insight of creating her own clothing line this led to the creation of her brand which is known as Spanx.
Nearly as soon as Spanx gained popularity, other companies started making imitations of the shapewear and selling it for dirt cheap.
Blakely made another wise choice in 2007 when she partnered together with Target to launch ”Assets by Sara Blakely.”
Sales of Spanx were reported to worth $400 million in 2017. Blakely owns the private company outright and has never sought finances from outside organizations.
Personal Life/Humanitarian Services
In 2008, In Boca Grande, Florida, Sara Blakely wed Jesse Itzler, a co-founder of Marquis Jet. The couple began dating after meeting at a Net Jet Poker Tournament and wed after a year together. Jesse and Sara have four kids.
Blakely participated in the fifth season of “The Rebel Billionaire” in 2005. Richard Branson granted her a $750,000 payment to launch her foundation after learning that she had taken second place.
The Sara Blakely Foundation was established by her in 2006. Through education and business training, the organization supports women.
In 2013, Blakely became a member of The Giving Pledge. On ABC’s “Shark Tank,” she served as a cameo judge.
Blakely and Itzler were a part of the organization headed by Tony Ressler that paid $850 million to purchase the NBA’s Atlanta Hawks in 2015.
Olivia Newton-black John’s leggings from “Grease” cost Blakely $162,500 in 2019. The Newton-John cancer treatment facility in Melbourne, Australia profited from the auction’s earnings.
For the sum of $12.11 million, Blakely acquired a three-bedroom apartment at 15 Central Park West in Manhattan in 2008. In 2014, she marketed it for $30 million.
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