|Net Worth:||$50 Million|
|Date of Birth:||April 11, 1987 (35 years old)|
|Height:||5 ft 1 in (1.55 m)|
|Profession:||Makeup Artist, Vlogger|
|Nationality:||United States of America|
What is Michelle Phan’s Net Worth?
Michelle Phan is an American YouTube star and makeup expert who has a net worth of $50 million. While she was still employed as a waitress in 2006, Michelle Phan began giving beauty advice on YouTube.
Her makeup videos, which include titles like “Lady Gaga ‘Poker Face’ Tutorial,” “Romantic Valentine Look,” “Makeup for Glasses,” and “Brighter Larger Looking Eyes,” became well-known almost right afterward. On YouTube, Phan has received more than one billion views and more than eight million subscribers.
After writing “Make Up: Your Life Guide to Beauty, Style, and Success – Online and Off” in 2014, she has included on the “Forbes” 30 under 30 and “Inc.” 30 under 30 lists the following year. The Ipsy fashion firm, owned by Michelle, raised $100 million in October 2015. This resulted in a $500 million overall valuation for the business.
Michelle Phan was born on April 11, 1987, in Boston, Massachusetts. Her parents were Vietnamese exiles who had to move around a lot due to her father’s addiction to gambling. The father of 6-year-old Michelle left when the family moved to Tampa, Florida.
Jennifer, Phan’s mother, divorced her second husband after years of enduring his abuse. A manicure technician named Jennifer later founded her own nail salon, where Michelle spent a lot of her formative years.
Phan enrolled in art school after graduating from Tampa Bay Technical High School even though her mother had encouraged her to pursue a career in medicine.
Despite the fact that Michelle had to leave Ringling College of Art and Design due to financial difficulties, the institution awarded her an honorary doctorate of arts in 2014. Phan has a younger half-sister named Christine and an elder brother named Steve.
Career As A YouTuber
In addition to starting a blog on cosmetic tutorials in 2005, Michelle started releasing her own video tutorials on Xanga before making her YouTube debut in May 2007.
In 2009 and 2010, BuzzFeed featured two of her “How To Get Lady Gaga’s Eyes” tutorials, which helped her reach one million subscribers by making the tutorials popular.
Following the inclusion of Lancôme goods in her films, Phan was hired as the brand’s official makeup artist in 2010. In 2011, she helped launch a company called MyGlam, which was eventually rebranded as Ipsy.
Michelle started a multi-channel network named FAWN in 2012 as a YouTube advertising partner. With the launch of EM Cosmetics by Michelle Phan in 2013, L’Oreal handed Phan her own cosmetics brand.
After purchasing L’Oreal’s portion in 2013, she revived EM Cosmetics in 2017, but the company flopped because the costs were too exorbitant for her younger fans.
To focus on the cosmetics company, she departed Ipsy. The ICON network on Roku and the internet were both launched in 2014 by Michelle in partnership with Endemol Beyond USA, and the Shift Music Group record label was launched by Michelle in partnership with Cutting Edge Group.
In 2018, Phan, the platform’s inventor, described Thematic as a “collaborative platform where creators can license music from their favorite artist in exchange for promotion.”
A fellow beauty YouTuber, Promise Phan, is sister-in-law of Michelle, and the two of them have been on each other’s channels.
Phan abruptly left YouTube in 2015. She didn’t come back until June 2017, when she made a video saying that she had taken a vacation because of legal issues, the unsuccessful launch of EM Cosmetics, and the fact that she had “been imprisoned by [her] own vanity.”
In September 2019, Michelle’s break was formally over. Phan quit wearing foundation as a result of her Trigeminal Neuralgia, a condition that causes severe facial agony. Dominique Capraro, a dancer, and model, and Phan started dating in 2010.
They didn’t actually meet until two years into their relationship, and although Capraro used to appear in Phan’s videos, Phan ultimately decided to keep the relationship private.
Michelle was sued by Ultra Records in 2014, allegedly using dozens of their tracks without authorization in her YouTube videos. With each song costing $150,000, Ultra requested a total of almost $7.5 million.
A few months later, Phan filed a countersuit, and in August 2015, both claims were dismissed after Michelle and Ultra reached an out-of-court settlement.
In addition to receiving an Inspiration Icon Award from the Streamy Awards, Phan received a Shorty Award in 2014 for being the best YouTube Guru. Between 2014 and 2016, Michelle garnered five Teen Choice Award nominations, including two for Choice Web Star: Female and three for Choice Web Star: Fashion/Beauty.
Phan invested $4.715 million in a 3,422-square-foot house in the Brentwood neighborhood of Los Angeles in 2017. According to property records, she paid cash for the three-bedroom house with a library and a two-story living room. The.54-acre property also has a guesthouse and a swimming pool.
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