As well as being a prominent figure in the American fashion industry, Kendra Scott is also the Executive Chairman of Kendra Scott, LLC. When it comes to design, she’s the go-to person at work. Kendra has been awarded the 2017 EY National Entrepreneur of the Year Award. In 2019, Forbes ranked her as #40 on its list of America’s Richest Self-Made Women.
Kendra Scott’s Childhood
Kendra Scott entered this world on March 27, 1974, in Kenosha, Wisconsin. When she was 16 years old, she and her family relocated to Houston, Texas. She graduated from Klein High School and has completed her formal schooling.
After that, she spent a year at Texas A&M University. They moved to Austin so she could be closer to her ailing stepfather, so she could drop out of college. In Texas, she began creating her own jewellery.
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Kendra Scott Net Worth
As of the year 2022, Kendra Scott’s fortune is predicted to be somewhere in the neighbourhood of $800 million. Since starting her firm, she has made a huge profit. Scott was honoured with a spot in the 2019 class of the Texas Business Hall of Fame.
Twice in her life, Kendra Scott has tied the knot. On June 24, 2000, she wed John Scott for the first time. When she was married the first time, she had two kids. On August 22, 2006, she filed for divorce from her first husband. Later, on June 6, 2014, she wed a man named Matt Davis, also of Austin. The marriage terminated in divorce in September 2020 after they had one child together.
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Kendra Scott’s Professional Career
Scott got the ball rolling on her entrepreneurial career by launching an enterprise she dubbed “the Hat Box.” The company came up with a stylish yet practical hat pattern for ladies undergoing chemotherapy. She started Kendra Scott LLC in 2002. Her first collection, worth about $500, was designed in the spare bedroom of her own home.
In 2005, Kendra’s remarkable creations were chosen to complement Oscar de la Renta’s Spring 2006 Runway Show. At a similar vein, her creation was showcased in Randolph Duke’s 2007 Runway Show. However, the economic downturn of 2009 forced her to close her business. The order from the upscale department store Nordstrom, however, gave her the last chance she needed to get her business back on its feet.
She finally got her first store going in Austin back in 2010. The storefront moved to South Congress Avenue in Austin. In the same year, she launched the Color Bar experience for her brand on her website. In 2011, she opened her second shop, also in Beverly Hills’ Rodeo Drive. Unfortunately, the shop was closed very quickly.
To the private equity firm Berkshire Partners, Scott sold a minority investment in her business in 2016. She got a billion dollars for her share of the company when she sold it. As Scott’s business grew, she opened other outlets. She managed to launch 102 outlets by the end of 2019.
In February of 2021, Scott resigned from his position as CEO. Nonetheless, she is still the company’s Executive Chairwoman. Kendra Scott LLC isn’t her only profitable business venture; she’s also invested in Darbie Angell tableware and Helm Boots.
Biographical Information of Kendra Scott
Scott has done a lot of volunteer work mostly for organisations that help kids and women. In 2015 she created the Kendra Cares Program through which her company’s Color Bar jewellery customization experiences were transported to children’s hospitals.
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Scott also contributed to local charities and donated over 75,000 pieces of jewellery. Kendra Scott Women’s Entrepreneurial Leadership Institute was established at The University of Texas thanks to her 2019 donation of $1 million.
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FAQ’s
How old Kendra is from the shark tank?
The 47-year-old mother of one started her company from scratch with only $500 in 2002, only a few months after the birth of her first child. It wasn’t until after ten years that she started taking money from outside sources. More than a hundred of its locations can now be found across the United States, and the company’s valuation has increased to over a billion dollars since its inception.
Why is Kendra Scott so well-known?
Kendra Scott was launched by Scott in 2002 as a side project with a meagre $500 investment; today, the company is valued at over $1 billion.
How much do Kendra Scott’s brand ambassadors make?
Brand Ambassadors at Kendra Scott can expect to earn a median hourly wage of $23. In our Total Pay Estimate model, which is built on user salary data, this value indicates the median, or the middle point, between the high and low estimates. The starting salary is projected to be $17 per hour.
