How Fun and The Million Dollar Idea Shape Sara Blakely and Billionaire Net Worth

Hi Fun Friends,

Sara Blakely invested her savings of $5000 into the million dollar idea and became the founder of Spanx at the age of 29. Now, at 44 years young and with a net worth of $1.1 billion, Sara Blakely is having fun being known as Forbes’s youngest self made female billionaire. Sara Blakely is a true inspiration to younger girls, women, entrepreneurs, and age aware dreamers everywhere. Even according to many celebrities, Spanx is and has been the favorite shape wear company that helps women tuck in butts and bellies for the last decade. Both women and men alike are likely grateful for the million dollar idea that is now well known as Spanx to most shapely bottoms across America and the globe. Although sometimes mistakenly called spanz, spanks, or even spankx, women love these products. So much that, our guess is if you read questions like, “what are spanks?” or “who is Sarah Blakely?”, the source of those questions is most likely not a female. With her female product list’s continual growth, men’s products, and newest project Assets Shapewear, her costumer base continues to grow for generations to come
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“I think money is a wonderful thing. It’s great to share. It’s fun to spend. It’s fun to make. I’ve always had a very positive outlook about what money can do.”(:37), explains Sara Blakely about her honest feelings about money. Money magnifies who she is and it’s flowing in and out, like waves on a shore, is fun to her. Even though initial goals turned into two unsuccessful attempts at tests to become an attorney and not one person agreed that she had a good idea in the beginning, Sara Blakely stayed motivated and visualized how it would be in the future. With her “failure is not trying, not the outcome” attitude, she kept her idea a secret to avoid doubting projection from others and is now growing the idea for customers globally, just as she envisioned.

The business of shaping butts may be fun and even a little funny but there’s no “funny business” to growing her shape wear company into a global megabrand. With this year’s projected revenue over $250 million, Sara Blakely knows that it is a serious business to crack. (pause) Sara Blakely also knows how to crack a joke or two since she spent some time early on as a comedian. Though she expresses having fun spending and making money(:37), she is not just about making money. With philanthropic ideas like the Sara Blakely foundation, money will be spent on fun stuff, like making the world better. Also, by making the Giving Pledge, she has pledged to give away at least 50% of her wealth to charity.

Here’s a last point worth noting as an example of Sara Blakely’s fun at it’s best. The Sara Blakely House just sold, in what many are calling Manhattan’s most expensive building, 15 Central Park West, for $30 million. Since she only spent $12.11 million on it, that’s a fun sized return on investment. It sound’s like she is really having fun spending money, like she said, and making major profits as a result of that fun.

FUN + HUSTLE + The GOOD LIFE