Sara Blakely put $5,000 into Spanx; 21 years later, it was valued at $1.2bn
Sara Blakely founded Spanx in 2000 with $5,000 in savings while working as a door-to-door fax machine salesperson. Despite having no formal business training or outside investment, she built the company into a global womenswear brand. In 2021, Blackstone acquired a majority stake in the company at a $1.2 billion valuation, with Oprah Winfrey and Reese Witherspoon joining as investors.
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
