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  • How Spanx founder Sara Blakely makes and spends her $1.1 billion fortune

How Spanx founder Sara Blakely makes and spends her $1.1 billion fortune

Talia LakritzFeb 23, 2024, 01:30 IST

Sara Blakely.Gilbert Flores/Variety/Penske Media via Getty Images

  • Sara Blakely, founder of the shapewear brand Spanx, is worth an estimated $1.1 billion.
  • She lives in a 10,000-square-foot home in Atlanta and owns properties in three other states.

Sara Blakely's $1.1 billion net worth began with scissors and a pair of pantyhose.

Since creating that prototype nearly 30 years ago, her shapewear and clothing company, Spanx, has grown into a $1.2 billion empire.

Here's how Blakely makes and spends her self-made fortune.

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Sara Blakely's shapewear brand, Spanx, made her one of the world's youngest self-made female billionaires.

Sara Blakely attends the launch of Haute Contour by Spanx at Saks Fifth Avenue in 2009.Joe Kohen/WireImage/Getty Images

In 2021, Blackstone bought a majority stake in Spanx, escalating the company's value to $1.2 billion.

Spanx founder Sara Blakely in 2021.Moses Robinson/Getty Images for GCAPP IMPACT Party
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Blakely appears as a guest shark on ABC's "Shark Tank" helping other entrepreneurs make it big.

Sara Blakely (center) with Mark Cuban (left) and Kevin O'Leary (right) on "Shark Tank."Eric McCandless via Getty Images

She travels frequently to speak to audiences about entrepreneurship, overcoming obstacles, and women's empowerment.

Sara Blakely speaks at an event.Craig Barritt/Getty Images
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Blakely primarily lives in Atlanta, where the Spanx headquarters are located, but she owns several other homes.

Atlanta, Georgia.Kevin Ruck/Shutterstock

She married Marquis Jet co-founder Jesse Itzler in 2008 and has four children.

Jesse Itzler and Spanx founder Sara Blakely in 2012.Skip Bolen/Getty Images for Spanx
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She owns a minority stake in the Atlanta Hawks and has invested in other female founders.

The Atlanta Hawks mascot.Jason Getz-USA TODAY Sports

She has also committed to giving at least half of her wealth to charity by signing the Giving Pledge.

Sir Richard Branson and Sara Blakely at an event for the Sara Blakely Foundation.Rick Diamond/WireImage/Getty Images
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