Sara Blakely Net Worth
Sara Blakely is a prominent American businesswoman who has inducted herself in the billionaire list through the success of her company Spanx. Sara Blakely Spanx company is an American intimate apparel company with pants and leggings. Sara Blakely net worth is known to be high through the wide popularity of Spanx.
The distinguished and talented Sara Blakely is a self-made billionaire who is known best for her American intimate apparel company, Spanx. Sara Blakely net worth is known to be high and made her recognized as one of the world’s most powerful women. Sara Blakely Spanx company success has led her to be a frequent inductee in be the list of Forbes most powerful woman and richest woman.
Sara Blakely was born on February 27, 1971, in Clearwater, Florida. She was born to her parents who were a trial attorney and an artist. Sara Blakely is of white ethnicity and American nationality.
Sara Blakely went on to attend Clearwater High School to receive her education. Blakely then joined Florida State University and graduated with a communication degree. She was always interested in becoming an attorney taking up to her father’s career.
She took the Law School Admission Test but scored very low so she reconsidered her career options. Eventually, Sara went on to take a job at Walt Disney World in Orlando, Florida. She worked there for three months. Sara also took up the job of a stand-up comedian. Sara Blakely then went on to work for the office supply company Danka. She sold fax machines door-to-door. Due to her hard work and success, Sara Blakely was promoted to national sales trainer at the age of 25 in Danka.
While she worked at Danka she had to wear pantyhose in the hot Floridian climate. Blakely was not a fan of the seamed foot peeking out while wearing open-toed shoes. However, she was a fan of the control-top model eliminated panty lines which made her body appear firmer. Sara Blakely then experimented by cutting off the feet of her pantyhose during a party and wore them under a new pair of slacks. While wearing it, Sara found that the pantyhose unceasingly rolled up her legs.
Sara Blakely was only 27 years old when she relocated to Atlanta, Georgia. She still worked at Danka. But, Sara went on to utilize two years and $5,000 savings by researching and developing her hosiery idea. Since she found that there were no women patent lawyers in Georgia and that she had to spend $3,000-$5,000 quoted in legal fees, Sara made a decision to write her own patent. She used the assistance of a textbook from Barnes & Noble.
Sara Blakely went on to go to North Carolina, where most of America's hosiery mills were located. Since most of these companies were used to dealing with established companies, she was turned away by most of the representatives. Sara Blakely then returned home. A few weeks later she received a call from a male mill operator based in Asheboro, North Carolina. They offered to support Blakely's idea. Over the time she realized that the hosiery manufacturing industry was supervised exclusively by men. Since they were not using the product they had no idea or concern of its comforts or discomforts. She completed the prototype within a year. Sara Blakely then finalizes her patent application and then submitted it to the United States Patent and Trademark Office (USPTO).
Sara Blakely made some marketing strategies for the packaging of her product like making the packages bold and colored red to attract women. She also took the unique step of using three different-looking women as models in the packages. Sara also chose the Spanx location to be alongside shoes in retail outlets rather than hosier sections. Sara Blakely used the name "Spanks" since it would attract customers and because she was also told by her comedian friends that the letter “k” was used to make the audience laugh. Then she changed it to Spanx since her research showed that "x" constructed names were more successful and were also easier to register as a trademark. Blakely purchased the "Spanx" trademark on the USPTO website. The marketing strategies used by Blakely have also helped in the growth of the company as well.
One of the first successes that Sara realized was that Spanx’s was sold in seven Neiman Marcus stores and eventually Bloomingdales, Saks, and Bergdorf Goodman. Sara Blakely, to market her product went on to send her products to Oprah Winfrey's television program along with a gift card showing that she was hoping to expand her business. Initially, Blakely handled marketing, logistics and product positioning, and all other business aspects on her own. In 2000, Oprah Winfrey went on to name Spanx a "Favorite Product" in her show which gave Spanx a huge popularity. Eventually, in its first year, Spanx went on to have a US$4 million in sales. The second year it had US$10 million in sales. Sara also signed a contract with QVC in 2001. The channel helped to sell 8,000 pairs in the first six minutes of operation which was a huge success. At present Sara is also the minority owner of Atlanta Hawks and the founder and owner of private company Spanx.
Sara Blakely was a contestant in the reality television series The Rebel Billionaire where she finished second. While there, she got introduced to Richard Branson. Branson went on to support Blakely in her entrepreneurship and philanthropy. She has also appeared in the ABC's reality television series, American Inventor as a judge.
Sara Blakely founded the Sara Blakely Foundation in 2006 which is an education and entrepreneurial training foundation for women. Branson had also donated US$750,000 check to initiate the foundation. Sara Blakely Foundation has also donated to the Oprah Winfrey Leadership Academy for Girls. The foundation has also supported the Community and Individual Development Association City Campus in South Africa by giving scholarships to young women. Sara Blakely is also known to be the first female billionaire to join the Giving Pledge in 2013.
Net Worth and Salary
Sara Blakely net worth is known to be US $1.04 billion in March 2017. Sara Blakely net worth is known to have been accumulated mostly from the success of her company Spanx. Sara Blakely net worth will see an increase in the coming years through her promising future endeavors in the field of business. Sara Blakely net worth is also known to have been sourced from her part ownership in the Atlanta Hawks. Sara Blakely net worth is arising everyday with the sucess of Spanx.
Blakely is a married woman. Sara Blakely husband is known to be her longtime boyfriend Jesse Itzler. Sara Blakely got married to Jesse in 2008. The couple has been together since. Sara Blakely husband Jesse Itzler is the co-founder of Marquis Jet and has also helped Sara in the operation of her business. Sara and Jesse got married at the Gasparilla Inn and Club in Boca Grande, Florida, U.S. Most of the attendees at the party were Sara’s celebrity friends as well. Together, the couple has a lovely child named Lazer Blakely Itzler.
Sara Blakely age at present is 46 years. Sara Blakely age exceeds her youthful looks and perfect figure. Sara Blakely still possesses the zeal to work as hard as she used to before. Sara Blakely’s height is 5 feet 6 inches and her weight is 58 kgs. Sara Blakely has perfect body measurements that have resulted to a perfect hourglass shaped figure. Even after going through maternity, Sara Blakely has a well-maintained body. She has blonde hair that she likes to put long most of the times.
Awards and Recognition
Sara Blakely has been honored with many awards till date for her career in the field of business. The magazine Forbes named her in the 93rd position in their list of most powerful woman in 2014. The Times magazine has also named her in their annual list of the 100 most influential people in the world. Sara Blakely is a huge inspiration to the younger generation of entrepreneurs who want to be as triumphant as she is in the field of business.
Sara Blakely’s Instagram and twitter account have details of her day to day life and events. The talent and distinguished, Sara Blakely’s bio can be found on numerous social media sites like Wikipedia, IMDB, Twitter, Facebook, and more.