Female Billionaire Pledges To Give Half Her Wealth To Charity


Spanx founder and creator Sarah Blakely, who is the youngest self-made billionaire ever at 41, according to Forbes Magazine has made a major financial commitment. She has signed on to Warren Buffet and Bill and Melinda Gates’ charity Giving Pledge. The Giving Pledge is a commitment by the world’s wealthiest individuals and families to dedicate the majority of their wealth to philanthropy.

The charity asks wealthy individuals to pledge at least half of their wealth to charity, however it is a moral non-binding contract. Meaning, their conscience is their watchdog. Blakely becomes the first female billionaire to join the charity.

She is a super hero in our eyes and we love her story. She has never worked in fashion or retail, did not take out a loan to start Spanx but used $5000 of her own money, and she has famously never advertised or marketed the brand. She owns the company 100% and worked extremely hard to get where she is today. She found a need for women, and created a product that could fill that gap. Oh, and she has zero debt!

For her to join the Giving Pledge charity completely makes sense and makes her even more of a role model when it comes to her finances and successes. So why are we even bothering to talk about this billionaire woman and what kind of inspiration can she give the average girl who wants to success in business? Well, a lot. Her business ethic not only ensures her success, but her personal ethics allow her to give back to women in the business world.


In 2003, after Spanx was already a major multi million-dollar success being sold in Bergdorf Goodman, Neiman Marcus and QVC, she entered Richard Branson’s reality TV show ‘rebel millionaire’ as a publicity stunt for the brand. While Branson chose not to give her the top prize, he did award her with $750 000 of his own personal money to start a foundation.

To date Blakely and Spanx have donated $17.5 million to charities primarily aimed at supporting girls and women—college scholarships in South Africa, homes for single mothers and their families (via Habitat for Humanity) and empowerment grants supporting entrepreneurship among them. To date Blakely regularly speaks to groups of jobless women in an effort to inspire and motivate them. This is the real reason we love her!

Now becoming part of the Giving Pledge family she hopes to continue her work of empowering women by offering up her advice and money. She recognizes that not every woman in the world is lucky or fortunate enough to have all the same experiences she had growing up.

“Since I was a little girl I have always known I would help women. In my wildest dreams, I never thought I would have started with their butts…I have so much gratitude for being a woman in America…I never lose sight of the fact that there are millions of women around the world who are not dealt with the same deck of cards upon their birth,” she says in her Giving Pledge letter.

“I am committed to the belief that we would all be in a better place if half the human race (women) were empowered to prosper, invent, educate, start their own businesses, run for office- essentially given the chance to soar! I pledge to invest in women because I believe it offers one of the greatest returns on investment. While many of the world’s natural resources are being depleted, one is waiting to be unleashed – women!”

Sarah Blakely cheeky




  1. kudos to her for accomplishing something many of us can only dream of. only thing i wish for her and others like herself is to focus more on the less fortunate in our country before venturing out overseas to help others. there are plenty of homeless people, military veterans and senior citizens alone in the U.S. that can use her help.

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