From $5000 To $1 Billion

From $5000 To $1 Billion

Meet the world’s youngest self-made female billionaire.

Sara Blakely (born February 21, 1971) is an American businesswoman. In 2000, Blakely founded Spanx, a multi-million dollar undergarment company.

In the heat and humidity of Florida, she tried unsuccessfully to find pantyhose that didn’t have seamed toes, and that didn’t roll up the leg when she cut them. Investing her life-savings of $5,000 she moved to Atlanta, researching and then trying to reach production deals with local manufacturers. Sam Kaplan, co-owner of the Charlotte, N.C. based Highland Mills, didn’t buy Blakely’s pitch until polling his two daughters on what they thought of footless pantyhose. Their reaction was unanimous: They’d buy it. Kaplan decided to take Blakely’s order after all, and by August 2000, she had her first 3,000 pairs of hose.

 

 

Added on: April 16th, 2012

Category: DOCS, MONEY, RAGS TO RICHES, WOMEN

 
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