Sarah Spanks

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Sarah Spanks

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^ Jump up to: a b My Bay City: "Billionaire Spanx Founder Sara Blakely Has Bay City Connection" by Dave Rogers Archived 2017-11-07 at the Wayback Machine March 20, 2012 | "Sara's mother is Ellen Ford, the only child of Charles Kelton and Morrow Weber Ford, of Bay City. Ellen married attorney John Blakely after her graduation from the University of Michigan. She and John Blakely, who are divorced, also have a son, Ford Blakely. Ford Blakely is an entrepreneur in California "

^ Sanders, Triston V. (September 1, 2007). "Behind the Seams" . Tallahassee Magazine . Archived from the original on October 21, 2013 . Retrieved January 29, 2012 .

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^ ABC News: "Spanx Founder Reveals How to Build a Billion-Dollar Business" By MELIA PATRIA Archived 2020-08-29 at the Wayback Machine November 29, 2012

^ O'Connor, Clare. "Spanx Inventor Sara Blakely On Hustling Her Way To A Billion-Dollar Business" . Forbes . Archived from the original on March 25, 2020 . Retrieved March 25, 2020 .

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^ "Hawks finalizing sale with billionaire Antony Ressler" . The Atlanta Journal-Constitution. Archived from the original on April 24, 2015 . Retrieved April 23, 2015 .

^ NBA: "Group Led By Tony Ressler Completes Purchase of Atlanta Hawks" Archived 2017-07-02 at the Wayback Machine June 25, 2015 | " Other investors include seven-time NBA All-Star Grant Hill, who will serve as Vice Chair of the Board, Townsquare Media Chair and CEO Steven Price, Clayton Dubilier & Rice partner Rick Schnall, and Spanx founder Sara Blakely and Marquis Jet co-founder Jesse Itzler, who are married"

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^ Burke, Minyvonne. "Spanx founder Sara Blakely gifts employees plane tickets, $10,000" . NBC News . Retrieved November 14, 2021 . {{ cite web }} : CS1 maint: url-status ( link )

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^ Jump up to: a b Renee Martin; Don Martin (April 5, 2011). The Risk Takers: 16 Women and Men Share Their Entrepreneurial Strategies for Success . Vanguard. pp. 154–167. ISBN 978-1-59315-637-4 . Archived from the original on June 27, 2014 . Retrieved January 29, 2013 .

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^ Forbes:"Spanx Mogul Sara Blakely Becomes First Female Billionaire To Join Gates-Buffett Giving Pledge" by Clare O'Connor Archived 2017-11-11 at the Wayback Machine May 7, 2013

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^ Eldredge, Richard L. (July 30, 2008). "Spanx CEO books resort for wedding". The Atlanta Journal-Constitution .

^ Atlanta Weddings (Atlanta Magazine): Spanx inventor Sarah Blakely on her wedding day" by Vikki Locke Archived 2013-04-18 at the Wayback Machine October 18, 2008

^ Jump up to: a b Eldredge, Richard L. (October 20, 2008). "Entrepreneurs get married over weekend". The Atlanta Journal-Constitution .

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^ The Wall Street Journal (New York): "A Day in the Life of Spanx's Founder Sara Blakely" by Christopher Ross Archived 2014-10-22 at the Wayback Machine August 14, 2014

^ Forbes Israel: Jewish Billionaires – Profile of Sara Blakely Archived 2013-04-25 at the Wayback Machine April 14, 2013 ( in Hebrew )

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Founded in 1946
Formerly the Buffalo Bisons (1946) and the Tri-Cities Blackhawks (1946–1951); played in Milwaukee (1951–1955) and St. Louis (1955–1968)
Based in Atlanta, Georgia

Sara Treleaven Blakely [1] (born February 27, 1971) is an American businesswoman and philanthropist. She is the founder of Spanx , an American intimate apparel company with pants and leggings, founded in Atlanta, Georgia . [2] In 2012, Blakely was named in Time magazine's " Time 100 " annual list of the 100 most influential people in the world. [3] In 2014, she was listed as the 93rd most powerful woman in the world by Forbes . [4]

Blakely was born on February 27, 1971, in Clearwater, Florida . She is the daughter of Ellen (née Ford), an artist, and trial attorney, John Blakely. [5] [6] She has a brother, artist Ford Blakely. [6] She attended Clearwater High School and graduated from Florida State University with a communication degree, [5] where she was a member of the Delta Delta Delta sorority. [7]

Although she planned to become an attorney, she reconsidered after scoring very low on the Law School Admission Test ; she instead accepted a job at Walt Disney World in Orlando, Florida , where she worked for three months. [5] She also occasionally worked as a stand-up comedian during this period. [5]

After her short stint at Disney, Blakely accepted a job with office supply company Danka, where she sold fax machines door-to-door . [5] [8] She was quite successful in sales and was promoted to national sales trainer at the age of 25. [5] Forced to wear pantyhose in the hot Floridian climate for her sales role, Blakely disliked the appearance of the seamed foot while wearing open-toed shoes but liked the way that the control-top model eliminated panty lines and made her body appear firmer. [5] For her attendance at a private party, she experimented by cutting off the feet of her pantyhose while wearing them under a new pair of slacks and found that the pantyhose continuously rolled up her legs, but she also achieved the desired result. [5] [9]

At age 27, Blakely relocated to Atlanta, Georgia, and while still working at Danka, spent the next two years and US$5,000 savings (equivalent to $8,300 in 2021) researching and developing her hosiery idea. [5]

Blakely then drove to North Carolina , the location of most of America's hosiery mills, to present her idea. She was turned away by every representative; these companies were used to dealing with established companies, and did not see the value of her idea. Two weeks after arriving home from her North Carolina trip, Blakely received a call from a mill operator based in Asheboro, North Carolina , who offered to support Blakely's concept, as he had received strong encouragement from his three daughters. Blakely further explained in 2011 that the experience of developing her idea also revealed to her that the hosiery manufacturing industry was overseen solely by men who were not using the products they were producing. [5] [9]

The creation of the initial product prototype was completed over the course of a year. [ citation needed ]

Blakely then returned to a patent attorney to finalize her application prior to her submission to the United States Patent and Trademark Office (USPTO) and he agreed to assist her for a sum of $750. Following the submission of the online application, she then worked on the packaging of her product. [ citation needed ]

Blakely used her credit card to purchase the "Spanx" trademark on the USPTO website for $150. [9]

She managed to arrange a meeting with a representative of the Neiman Marcus Group , at which she changed into the product in the ladies restroom in the presence of the Neiman Marcus buyer to prove the benefits of her innovation. [10] Blakely's product was sold in seven Neiman Marcus stores as a result of the meeting; [9] Bloomingdales , Saks , and Bergdorf Goodman soon followed. [5] At around this time, Blakely sent a basket of products to Oprah Winfrey 's television program, with a gift card that explained what she was attempting to develop. [9]

Blakely initially handled all aspects of the business, including marketing, logistics and product positioning , preferring the location of Spanx alongside shoes in retail outlets, rather than in hosiery sections; [5] however, her boyfriend at the time, a healthcare consultant, later resigned from his job and joined in the running of the nascent business. [9] Blakely was contacting friends and acquaintances, including those from her past, and asking them to seek out her products at select department stores in exchange for a check that she would send to them by mail as a token of appreciation. [9]

In November 2000, Winfrey named Spanx one of her "Favorite Things," which led to a significant rise in popularity and sales, as well as Blakely's resignation from Danka. [5] Spanx achieved $4 million in sales in its first year and $10 million in sales in its second year. [5] In 2001, Blakely signed a contract with QVC , the home shopping channel. [5]

In 2012, Blakely landed on the cover of Forbes magazine for being the youngest self-made female billionaire in the world. [11]

In October 2013, Blakely explained that her ambition is to design the world's most comfortable high-heel shoe prior to retirement. [12] She was listed as the 93rd most powerful woman in the world by Forbes . [4]

In 2015, Blakely and her husband Jesse Itzler were part of a group led by Tony Ressler that purchased the Atlanta Hawks for $850 million. [13] [14] [15]

In October 2021, the Blackstone Group acquired a majority stake of Spanx, Inc. The company was valued at US$1.2 billion. [16] Blakely was to retain the position as Executive Chairwoman. Forbes Magazine estimated her net worth after the deal at US$1.3 billion. [17] To celebrate the transaction, Blakely gave each of her 750 employees $10,000 in cash and let them purchase two first-class plane tickets to any destination they desired to travel to. [18]

In 2005, Blakely attained second place as a contestant on The Rebel Billionaire , [5] a reality television series that introduced her to Richard Branson , who later supported Blakely in her endeavors as both an entrepreneur and philanthropist. She later starred as one of the judges on ABC 's reality television series, American Inventor , alongside George Foreman , Pat Croce and Peter Jones . [19]

She was a guest investor on several episodes in seasons 9 and 10 of Shark Tank . [20]

She also appeared in a very brief cameo, as herself, on "Elmsley Court," episode 12 of Billions Season 3. [21]

In 2006, Blakely launched the Sara Blakely Foundation to help women through education and entrepreneurial training. [22] Richard Branson acted as a mentor to Blakely and, at the conclusion of The Rebel Billionaire , surprised Blakely with a US$750,000 check to start the Foundation. [23]

Since its launch, The Sara Blakely Foundation has funded scholarships for young women at the Community and Individual Development Association City Campus in South Africa [22] and Blakely appeared on The Oprah Winfrey Show in 2006, donating US$1 million to the Oprah Winfrey Leadership Academy for Girls . In 2013 Blakely became the first female billionaire to join the " Giving Pledge ," Bill Gates and Warren Buffett 's pledge, whereby the world's richest people donate at least half of their wealth to charity. [24]

In 2019, Blakely paid $162,500 at an auction for the black pants worn by Olivia Newton-John in Grease ; the proceeds from which benefited Newton-John's cancer treatment center in Melbourne, Australia . [25]

In 2020, Blakely pledged to give $5,000,000 to support female-run small businesses during the coronavirus pandemic. [26]

In 2008, Blakely married Jesse Itzler , [27] the co-founder of Marquis Jet , at the Gasparilla Inn and Club in Boca Grande, Florida , U.S. [28] [29] The wedding was attended by actor Matt Damon and featured a surprise performance by singer Olivia Newton-John . [29] [30] Together, they have four children. [31] She is a convert to Judaism . [32] [33] [34] [35]

Founder and owner of Spanx Minority owner of the Atlanta Hawks

Come to the room at noon and don't be late! This was the first message I received when I arrived in Chicago.
Obviously, my anticipation began to rise as I messaged back promising to be prompt and ready by twelve pm. Ten minutes went by until my punishment and I was feeling quite overwhelmed. The guilt of my wrong doings and the shame I was going to feel when having to tell Ms. Dana and Ms. Sarah everything was beginning to weigh hard on my entire body.
Finally, the clock struck twelve. I began walking my sorry self to room 515. I knocked calmly on the door and of course the beautiful Ms. Sarah Gregory answered the door. I began to make eye contact with Ms. Gregory when at the same moment I saw Ms. Dana coming towards me. I was mesmerized by her presence and immediately dashed through the door. Ms. Dana opened her arms and welcomed me into her warm consoling heart.
Quickly, I looked around my shoulder and saw my most famous Ms. Sarah Gregory. Her compassionate eyes stared into me like a real whisper of what I knew was about to happen. She then greeted me with a cuddled squeeze that sent sparkles throughout my torso.
After the wonderful hello time with both ladies was over, I sat down facing both of my disciplinarians. I curled my feet up against the couch and waited for what was about to happen next. Ms. Dana looked into my eyes and I began to know my fate. With her up right composure she asked me why I needed to be punished. My hands rose above my head without control and I stuttered all my offences to both women. I was so embarrassed to admit my injustices in front of my mentor Ms. Sarah Gregory. But I knew I had to. After my consultation with both of my authoritarians, came the most eminent words of all time. "Well Miss Blank, you have been a very naughty girl and you are going to be punished!" I hung my head and waited for directions. In my mind I was thinking of being defiant but the overwhelming urge of release I was going to feel in a moment's time had just set over me.
As I gradually climbed over Ms. Sarah's lap, I anguished for what she was about to do to my bottom. Her utter voice inside my ear telling me why I was being punished was emberrible. I hated to disappoint my mentor. The spanks delivered to my bottom were amazing though! I never felt so close to someone in my whole entire life. Ms. Sarah's hand spankings were desirable and unforgettable at the same time. As Ms. Sarah finished spanking my bare bottom she respectfully motioned Ms. Dana to take her turn with me.
I nervously got up from Ms. Sarah's lap and dragged my feet slowly to Ms. Dana's right side. When Ms. Dana took my left shoulder in her hand and brought me down upon her thighs my stomach trembled in fear. Before I knew it, Ms. Dana's hand was pounding down on my bottom like no return. Her unforgettable voice telling me why I was being punished will never be forgotten. When the hand spanking was over I was made to show each of them my red bottom. Then both of them agreed that my bottom was not red enough and it was time for the strap.
I was made to lean over the bed and await my fate of being strapped by two women at the same time. The stings of the strap immediately rained down on my bottom. I screamed out in pain, even cussing horrible language. I thought I was going to get my mouth washed out with soap for using such profane language. But Ms. Dana and Ms. Sarah let me release my deepest guilt and allowed me to shout out what ever came to my mind.
After my strapping was finished, I was able to lie on the bed and cry. Both Ms. Dana and Ms. Sarah consoled me with their deepest forgiveness. They both made me realize how strong I was and how I was able to accomplish anything that I wanted to in life. And then when I thought it was all over, it was brought to my attention that I was not finished quite yet. There it was, all over again. Those little fluttering butterflies in my stomach were back. My mentors had decided I still needed more. I wanted my punishment to be over, but I knew fighting it would only make things worse on my already very sore bottom. Ms. Sarah suggested I needed some time with the paddle. Ms. Dana agreed and added more strokes to Sarah's suggestion according to her rules about each cheek getting an equal amount of whacks.
They made me get over both of their knees at the same time and proceeded to give me the hardest paddling I have ever received in my whole entire life. After my punishment was all over I laid there over their knees and cried for my second time. What a release!! As I finished up with my final tears, Ms. Dana had me kneel down before her. I looked up i
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