2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • Lifestyle & Hospitality
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • Self-Made Millionaires – Why Jessica Alba Is Up There With Oprah And Madonna

    01 Jun 2015 by Jasmine Stone in Business, Celebrities, Health, Money, Vibe
    Related Posts
    • Millionaires Who Can't Afford Superyachts Have To Settle For These 'Spaceships' [Video]
    • Here Are Africa's Top 10 Richest People 
    • There's A New 'World's Youngest Self-Made Billionaire' 
    • Forbes Argues That Elon Musk Isn’t REALLY The Second-Richest Person In The World
    • Standard Bank Reveals The Easiest Way to Become A Dollar Millionaire In SA

    Jessica Alba is not one to be ignored  – she’s gone from cute as a button to Hollywood goddess over the years, and now has a $1 billion company riding next to her film credits. Also, boys, there is this music video from that movie where she wore the bikini a lot.

    But let’s talk about that company of hers, The Honest Company, based in Santa Monica, CA. It boasts 120 products, from all-organic cotton and plant-based polymer tampons to organic beeswax sunscreen to vegan-leather diaper bags. Really, it’s got it all.

    What inspired Alba to get started on the company? She needed to fill a gap.

    In 2008 Alba was newly engaged to Internet entrepreneur Cash Warren and pregnant with their first child. At a baby shower thrown by family and friends, she remembers her mother advising her to use baby detergent to prewash the piles of onesies she’d received as gifts. She used a mainstream brand and immediately broke out into ugly red welts

    Alba says she asked herself one question: “How can this be safe for babies if I’m having this type of reaction?”

    She started doing major research on product ingredients, finding the likes of petrochemicals, formaldehydes and flame retardants in most products. Of course, trying to shop for products was hard, with many that were free of bad ingredients having ridiculously high price tags.

    After brainstorming with a few people, Honest was born.

    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.

    Alba owns between 15% and 20% of the company, so is “sitting on a fortune of $200 million”.

    She’s on her way to earning a spot on FORBES’ new ranking of America’s Richest Self-Made Women, just $50 million shy of Beyoncé and Judge Judy.

    Oprah and Madonna are also on the list, so I would say that Alba definitely has bragging rights.

    Just goes to prove that age old theory: look for the gap in the market.

    [Source: Forbes]

     

    • ← SA Admits Paying $10 Million FIFA Money, But…
    • Revealed: Uber’s Giant New Glass Headquarters In San Francisco Is Off The Charts →
    • Tweet
    • Tags:
    • baby products
    • chemical free
    • Forbes
    • Jessica Alba
    • millionaires
    • the forbes list
    • the honest company

    Latest News

    • The Correct Pronunciation Of Gqeberha, PE’s New Name [Video]

      [imagesource:here] The renaming of a few towns and airports in South Africa has been on...

    • Almond, Fox, Or Cat Eyes As Reshaping Treatments Grow In Popularity

      [imagesource: Getty] The delicate skin around your eyes is usually the first to show si...

    • Hijacking Chase On Boyes Drive Comes With Very Colourful Commentary [Videos]

      [imagesource: Twitter / @Abramjee] Video footage captured a high-speed car chase along ...

    • Closer Look At Father With Alleged Underworld Ties Shot Outside Hout Bay School

      [imagesource:here] On February 10, while dropping off his child at a Hangberg, Hout Bay...

    • Final Week To Score 100% Tax Deduction Through Property Investment – No Cash Required

      February is a good month to save money. For one, there are fewer days than in a normal ...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo