Forbes: Spanx inventor is youngest self-made female billionaire

Sara Blakely, 41, creator and owner of the line of slimming, smoothing undergarments, is the youngest woman ever to make the Forbes list as a self-made billionaire.

By W.J. Hennigan, Los Angeles Times

March 9, 2012

Photograph: Spanx founder Sara Blakely at the Spanx Fall 2012 Fashion Week Presentation in New York in February. (Skip Bolen, Getty Images for Spanx / February 13, 2012)

Spanx inventor Sara Blakely is a billionaire at 41 years old, according to the annual Forbes magazine list of billionaires.

Blakely, the creator and owner of the lineSpanks founder Sara Blakely of women’s and men’s slimming, smoothing undergarments, is the youngest woman ever to make the list as a self-made billionaire, meaning she didn’t inherit or marry into the money.

She’s one of several billionaires who appear on the cover of the latest Forbes issue.

According to Forbes, Blakely was 29 when she was looking for something flattering to wear under her white slacks. She ended up inventing a new line of shaping underwear. She invested $5,000 — her entire life savings — to start the company.

On Thursday, Blakely appeared on “CBS This Morning” and talked about her rise to wealth.

“I’ve always had that gratitude that I had the opportunity to pursue my potential,” she said. “So I think my story says that, when women are given the chance and the opportunity, that we can achieve a lot.

“We deliver. We can make the world a better place, one butt at a time.”

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One Comment

  1. How The Self Made Women On The Forbes 400 Earned Their Fortunes - Miss O Moms

    […] notable self-made woman billionaire who did not make The Forbes 400: Spanx founder Sara Blakely. To get on the Forbes 400 this year, you had to have a net worth of $1.1 billion. At $1 billion, […]

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