Sara Blakely attends the 2015 Forbes Women's Summit | Getty Images | Photo by Daniel Zuchnik

Name	Sara Blakely
Net Worth	$1 Billion
Salary	$50 Million+
Annual Income	$100 Million
Sources of Income	Entrepreneur
Gender	Female
Date of Birth	February 27, 1971
Age	52 Years
Nationality	United States of America
Profession	Entrepreneur, Businessperson

Sara Blakely, the innovative founder of Spanx, has turned her entrepreneurial vision into a remarkable net worth of $1 billion. Blakely's remarkable journey began when, at 25 years old, she conceptualized a groundbreaking women's undergarment product while working as a door-to-door fax machine salesperson. With unwavering determination and her entire life savings of $5,000, she introduced a line of body-shaping undergarments called "Spanx."

What are Sara Blakely's sources of income?

Sara Blakely was once a door-to-door fax machine salesperson. Then she founded Spanx – which turned into a billion-dollar company that sells undergarments, leggings, and swimwear – despite having no fashion, retail, or business leadership experience. She is now a billionaire and one of the most prominent woman business leaders. Most of her income comes from her share and role in Spanx.

Sara Blakely speaks onstage at the FORTUNE Most Powerful Women Summit | Getty Images | Photo by Paul Morigi

While Blakely is more closely associated with her own brand, Spanx, her entrepreneurial endeavors and appearances on shows like "The Oprah Winfrey Show" and ABC's "Shark Tank" have contributed to her personal brand. Sara Blakely continues to own a minority stake in Spanx after selling a majority stake to Blackstone in a deal valuing the company at $1.2 billion.

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Salary

Blakely's financial success is enhanced by the consistent performance of Spanx, generating around $400 million in annual revenue. While she could potentially earn around $52 million annually through wise investments, her active role as Chair of Spanx continues to contribute significantly to her income.

Sara Blakely during the Massachusetts Conference for Women | Getty Images | Photo by Marla Aufmuth

Sara Blakely’s assets

Sara Blakely invested in a Manhattan condo at 15 Central Park West in 2008, acquiring it for $12.11 million, and subsequently, in 2014, made a lucrative sale, fetching $30 million for the property.

Instagram	782K followers
Facebook	113K followers

Sara Blakely attends the Massachusetts Conference for Women at Boston Convention & Exhibition Center | Getty Images | Photo by Marla Aufmuth

Personal life

Sara Blakely, the accomplished entrepreneur, was born on February 27, 1971, in Clearwater, Florida. She is the daughter of Ellen and John Blakely, with her father being an attorney and her mother an artist. Blakely's career journey took an unconventional path. Initially aspiring to become a lawyer like her father, her LSAT scores fell short of law school admission requirements. This led her to a brief stint working at Walt Disney World for three months and performing as a stand-up comedian in the evenings. It was during her subsequent job selling fax machines door-to-door in the 1990s that her innovative journey toward creating Spanx began.

Sara Blakely is married to Jesse Itzler, co-founder of Marquis Jetset, a luxury private jet charter company, and they have four children. She is known for her philanthropic efforts, including launching the Sara Blakely Foundation to support women through education and entrepreneurial training. In 2013, she joined The Giving Pledge, a commitment to give away the majority of her wealth.

Sara Blakely's awards

Sara Blakely, the founder of Spanx, earned the prestigious title of "Winner of the 2021 Successful Businesswomen Award," a well-deserved accolade honoring her remarkable achievements in the world of entrepreneurship.