Does Sara Blakely Still Own Spanx?

Hello there, fashion enthusiasts! Today, we're diving into the world of shapewear and answering a question that's been on many of your minds: does Sara Blakely still own Spanx? So, grab a cup of coffee, get comfortable, and let's explore the fascinating journey of this iconic brand and its foundingwoman. Guys, explore more in Status Updates and does sara blakely still own spanx.

Sara Blakely: The Woman Behind Spanx

Before we dive into the ownership question, let's briefly talk about the incredible woman who started it all. Sara Blakely, born on March 27, 1971, is an American businesswoman and the founder of Spanx. She's often referred to as the "World's Youngest Self-Made Female Billionaire" by Forbes.

Sara's journey is nothing short of inspiring. She started Spanx in her Atlanta apartment with just $5,000 in savings. Her lightbulb moment came when she was preparing for a party and couldn't find a pair of pantyhose that wouldn't show lines under her white pants. So, she decided to cut the feet off a pair and voila! The idea for Spanx was born.

The Rise of Spanx

From her humble beginnings, Sara turned Spanx into a global phenomenon. The brand is now worth billions, and its products can be found in thousands of stores worldwide. Spanx has expanded beyond shapewear, offering a wide range of products, from leggings and bras to loungewear and even face masks.

Sara's innovative approach to business and her commitment to empowering women have earned her numerous accolades. She was named one of Time's 100 Most Influential People in the World in 2012, and in 2014, Forbes named her the world's youngest self-made female billionaire.

So, Does Sara Blakely Still Own Spanx?

Now, let's get to the question that brought you here. Yes, Sara Blakely still owns Spanx! As of 2021, Sara owns 100% of the company she founded over two decades ago. She's not only the majority shareholder but also the brand's face and Chief Executive Officer (CEO).

In 2019, Sara sold a minority stake in Spanx to private equity firm Blackstone for $1.2 billion. However, she retained a 90% stake in the company, ensuring she remains its majority owner.

Sara's Philanthropic Efforts

While Sara is busy running one of the world's most successful shapewear brands, she hasn't forgotten about giving back. In 2006, she established the Sara Blakely Foundation, which aims to empower women through education and health initiatives.

Sara has also been an advocate for women's rights and has used her platform to support various causes. She's a strong proponent of women's empowerment and has been known to say, "Don't be intimidated by what you don't know. That can be your greatest strength and ensure that you do things differently from everyone else."

The Future of Spanx

As we look ahead, it's clear that Spanx is here to stay. The brand continues to innovate and expand its product offerings, catering to a diverse range of customers. With Sara Blakely at the helm, we can expect Spanx to continue empowering women and revolutionizing the fashion industry.

So, there you have it, folks! Sara Blakely still owns Spanx, and she's showing no signs of slowing down. We can't wait to see what she does next!