Did we know Jessica Alba – aka Honey for those who remember her from the breakout movie featuring Mekhi Phifer – was a huge business woman?
I definitely was aware of her success, but I can’t say I was aware of the magnitude of that success. Well Forbes reminded me.
She is part owner of the Honest Company that has experienced an absurd level of growth. Like most great ideas, the Honest Company was inspired by a need that wasn’t being met. As a new mom, Jessica wanted products that are safe, toxic free, stylish, and affordable. In 2012, its first year selling products, it hit $10 million in revenue. By last year it was $150 million, and industry insiders are predicting over $250 million this year. The company is focused on growth over profits, boasting a current valuation to match: $1 billion.
That figure means Jessica, who owns between 15% and 20% of the company, according to a source with knowledge of her investment, is sitting on a fortune of $200 million – just $50 million shy of Beyoncé and Judge Judy, who are tied at number 49.
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