Who Is Sara Blakely? Sara Blakely — born February 1971 — is an American businesswoman and philanthropist. Despite having no experience in fashion, retail, or business leadership, Sara Blakely founded the now famed shapewear company Spanx in 2000, having accidentally thought up the idea while attempting to look her best in a pair of white […]
On Wednesday, Blackstone announced that it has agreed to buy a majority stake in Spanx. The deal between Spanx and Blackstone values the company at $1.2 billion, with Blakely set to retain a “significant equity stake” according to Blackstone. The investment will propel her fortune back over the $1 billion mark after the pandemic and […]
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