Congrats to Atlanta’s Sara Blakely who now joins a very elite bunch of Billionaires. Blakely the founder of Spanx headquartered in Atlanta, Georgia graces the cover of Forbes magazine highlighting their specialty Billionaire profiles.
Today Spanx is to slimming undergarments what Kleenex is to tissues: a brand that stands for the category. It nets an estimated 20% on revenue just south of $250 million. In recent months four Wall Street investment banks separately valued Spanx at an average $1 billion, a sum Forbes corroborated with the help of industry analysts. Blakely owns 100% of the private company, has zero debt, has never taken outside investment and hasn’t spent a nickel on advertising. At 41 she’s the youngest woman to join this year’s World’s Billionaires list without help from a husband or an inheritance.