Youngest Self-Made Billionaire in the World


Bangalore: ‘Necessity is the Mother of Invention’ indeed in Sara Blakely’s case. Her never-ending strive to overcome a common problem faced by women has landed her in the youngest billionaires’ club. Blakely has gone from a rookie to the youngest self-made woman billionaire of the world. Forbes has poured out an immersing article about a woman who has overcome personal tragedies, fears and innumerable rejections to prove that ‘When There’s a Will, There’s a Way!’

Sara Blakely, 41, is currently the ‘Youngest Self-made Woman Billionaire of the World,’ according to Forbes. She belongs to a niche club, where only a few other women have made their way in, like - Oprah Winfrey and Meg Whitman. Blakely’s net asset stands at $1 billion as of March, 2012. She is the beloved inventor of a much-needed and thought after product of Spanx. Spanx is a kind of slimming inner, which smoothens outs bumps, unlike a typical inner. The best part of Spanx is that it sits comfortably on the skin and does not slip or bunch and cause embarrassment, unlike other inner garments.

What makes Blakely an exceptional woman is her die-hard attitude and personal achievements. She still regards her husband, Jesse Itzler, as one of her greatest strengths and support throughout her business endeavor. He was rock-steady during her hard business times. In this cut-throat world of advertisements, where ads rule the media, Blakely has transformed Spanx from an investment of $5,000 to a billion dollar enterprise without spending a dime on ads. What is more surprising is that the company is entirely debt free. Moreover, she also owns 100 percent of her brain-child, as CEO of Spanx, Laurie Ann Goldman.