“Before Spanx founder Sara Blakely became the youngest self-made female billionaire, she sold fax machines door to door because she needed the money and health insurance.
“Now, two decades after Blakely launched the pioneering womenswear company, global investment firm Blackstone is buying a majority stake in Spanx, which is valued at an estimated $1.2 billion in the deal.
“In a video posted on Instagram last week, Blakely celebrated the sale with her employees. A globe sat on a nearby table, and eventually she asked: “Why am I spinning a globe?”
“Then, before the quiet crowd, she announced the reason: because she has bought two first-class tickets — to anywhere in the world — for each employee.
“But that wasn’t all.”
Read more at NPR
