This week we chose to highlight Sara Blakely - the woman Forbes named the world's youngest self-made female billionaire.
We just learned that Blakely sold fax machines door-to-door before launching the Spanx apparel company in 1998, at the age of 27, with $5,000 in the bank. While the concept of shapewear wasn't new, Blakely researched her market and realized the industry was out of touch with its target audience. She learned that most hosiery companies were owned and operated by men and that none of the products were tested on real women. Through hard work, creativity, and trust in herself, Blakely went on to turn Spanks into a huge success. But that was just the start. Blakely wanted to make a lasting impact on the world, so in 2006 Blakely started the Spanx by Sara Blakely Foundation.
Since its launch, the Foundation has donated millions to charities that focus on empowering underserved women and girls. Blakely has also taken the billionaires' pledge to donate at least half of her wealth to charity. For her example, as an enormously successful woman and the accomplishments she's had as an entrepreneur and philanthropist, we're proud to honor Sara Blakely.
Next week we'll continue with this series and in the meantime, join us in celebrating the women in our lives.