She started the company with $5,000 from her own savings, and it's grown into a business now valued at $1.2 billion. In October 2021, Blakely sold a majority share of Spanx to Blackstone, bringing her net worth over the $1 billion mark.
Who is the CEO of Spanx?
Sara Blakely2016–
What company owns Sara Blakely?
Spanx
How old was Sarah Blakely when she became billionaire?
In 2012, Blakely was crowned the youngest self-made billionaire by Forbes. Today, at 50, her net worth sits at an impressive $1.2 billion following a substantial deal with private equity giant Blackstone.
Is Spanx a US company?
Spanx, Inc. is an American underwear maker focusing on shaping briefs and leggings, founded in Atlanta, Georgia. The company manufactures mainly pantyhose and other underwear for women and, since 2010, produces male underwear as well.
What does Spanx stand for?
United States Patent and Trademark Office
Where is Spanx headquarters?
Atlanta, GA
Why is it called Spanx?
The name "Spanks" eventually came to Blakely, and she decided to replace the "ks" with an "x", as her research had shown that constructed names were more successful and were easier to register as a trademark. Blakely then used her credit card to purchase the "Spanx" trademark on the USPTO website for US$150.
What is Spanx famous for?
Sara Blakely, (born , Clearwater, Florida, U.S.), American inventor and entrepreneur who created Spanx, a brand of body-slimming women's undergarments, and in 2012 became the world's youngest female self-made billionaire.4 days ago