American fashion designer and entrepreneur Kendra Scott has a net worth of $500 million. She has founded a company called Kendra Scott LLC, which sells jewelry and other accessories. She started her business in 2002 with only $500.
She has gained recognition from various awards and accolades for her creative techniques and flourishing business. She also appeared on the ABC reality show Shark Tank, which earned her a $600,000 investment from shark Mark Cuban.
Scott has a passion for empowering women and children through her charitable foundation, Kendra Cares. She has donated a huge amount of money to various charities and organizations in the past, including a $1 million donation to the University of Texas in 2019.
In 2002, Kendra started her first business, Hat Box, which offered comfortable hats for women who were undergoing chemotherapy. She also donated a portion of her profits to cancer research initiatives.
After the death of her stepfather in 2001, Scott was inspired to make a difference in her community. She founded her first business, Hat Box, at age 19 and designed hats that would be comfortable for women who were undergoing chemotherapy.
The hats she created were well received, and her business began to grow. She soon opened her first store in Austin, Texas.
She expanded her business by opening outlets in different countries, and now the brand has over 102 stores worldwide. In 2016, private equity firm Berkshire Partners bought a minority stake in the company, giving it a valuation of a billion dollars.
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