Posted 1 year ago on April 7, 2012, 9:31 a.m. EST by JoeTheFarmer
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There are some great, hard working, caring people that are part of the 1%.
One of the new billionaires on the list for 2012 is Sara Blakely.
At 41 she’s the youngest woman to join this year’s World’s Billionaires list. She started with $5,000, owns 100% of her private company Spanx, has zero debt, has never taken outside investment and hasn’t spent a nickel on advertising. What is also amazing is that most of Spanx products are made in the USA.
Having read books on marketing, she designed her own logo on a friend's computer, and then to save the $3,000 legal fee needed to trademark the Spanx name, used a Barnes & Noble textbook and learned how to do it herself. In 2000 she launched the Spanx brand from her home, undertaking all initial calls and marketing herself across North America.
In 2006, she launched the Sara Blakely Foundation to help women through education and entrepreneurial training, and has funded scholarships for young women at Community and Individual Development Association City Campus in South Africa.