Spanx Founder Sara Blakely a Billionaire
09 March 2012 It's official. Sara Blakely, founder of Atlanta-based Spanx, is a billionaire.
On Wednesday, Forbes magazine announced that Blakely, 41, is the youngest woman on its World Billionaire's list worth ten figures without the aid of a husband or an inheritance. Blakely owns 100 percent of the shapewear company she founded in 2000 after seeking a solution to the age old issue of panty lines.
And for the first time, Blakely is entertaining the idea of taking her company public. "I was always very closed off to the idea. I have been funding this out of my pocketbook for the last 12 years," she said. But with extensive plans for international growth, it may be the time to bring in outside investors, Blakely said.
Read more at [Atlanta Business News].