The Sin City star is worth a reported $340 million thanks to her company, Honest
Jessica Alba, part owner of the Honest Company, is officially one of the richest self-made millionaires in the United States. According to reports the actress and businesswoman now has a net worth amounting to $340million – that’s more than Beyoncé and Kim Kardashian COMBINED.
Honest started out as a company making non-toxic baby products but has since branched out into a larger beauty and lifestyle line. Other women on the list of those who have amassed their fortunes from scratch include author Nora Roberts and the only and only Madonna.
Earlier this year Jessica Alba spoke about the company at the Forbes Women’s Summit revealing that it took a long time for her to be taken seriously. She said: “People just saw me as this girl in a bikini in movies kicking butt — maybe not the brightest bulb. It took three and a half years of condescending nods and pats on the back of “good luck” or “go back to endorsing things” or “go do a perfume.”
Jessica decided to start the company after getting a rash from using a mainstream baby detergent at her home. The ethos of the Honest company is that they always make people aware of what is being used in the products – especially when they are to be used on young children.
She funded the business with the money she had saved from her early acting career. She said: “I made a lot of money in entertainment at a very young age and I saved it. I just needed to make as much money as quickly as possible, knowing it was going to go away at some point. I was very deliberate about it.”
She initially invested just $6million but Business Wire are now predicting that if the company continues to grow then it could start pushing profits into the billions. Amazing.
Let’s all just take a moment to bow down before the boss that is Jessica Alba:
Have you ever used Honest products?