Kendra Scott is an American fashion designer and currently the CEO of Kendra Scott, LLC. She is also the company’s lead designer. Kendra received the EY National Award for Female Entrepreneur of the Year in 2017. In 2019, Forbes ranked her as the 40th richest self-made woman in America. As of 2021, Kendra Scott’s net worth is estimated to be around $800 million.
|Full Name||Kendra Scott|
|Birth Date||March 27, 1974|
|Birth Place||Kenosha, Wisconsin, U. S.|
|Ex-husbands||John Scott, Matt Davis|
|Net Worth||$800 million|
Kendra Scott was born on March 27, 1974 in Kenosha, Wisconsin. At the age of 16, she moved to Houston, Texas with her family. As for her education, she completed high school at Klein High School.
He then attended Texas A&M University for a year. He dropped out of college and moved to Austin, where he helped his sick stepfather. In Texas, she began making her own jewelry.
Kendra Scott’s net worth and career
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Scott started his business by opening a store called “Hatbox”. The company created a comfortable hat for women after chemotherapy. In 2002 she founded Kendra Scott LLC. She designed her first collection in the guest bedroom of her own home at a cost of about $500.
Kendra’s standout design was chosen to grace Oscar de la Renta’s spring 2005 fashion show. Her design also appeared in the Randolph Duke show in 2007. However, in 2009 she had to close her shop due to the financial crisis. However, she had one last hope of rebuilding her business after receiving an order from upscale department store Nordstrom.
In 2010, it opened its first retail store in Austin. He opened a retail store on South Congress Avenue in Austin. In the same year, he launched his e-commerce business and launched his brand’s Color Bar. In 2011 he opened his second store on Rodeo Drive in Beverly Hills. However, after a while, the store closed.
Scott sold a minority stake in his company to private equity firm Berkshire Partners in 2016. He sold the stake for $1 billion. Scott continued to grow his business by opening more retail stores. At the end of 2019, he managed to open a total of 102 retail stores.
Scott stepped down as CEO of the company in February 2021. However, he still holds the position of CEO of the company. In addition to his successful business venture with Kendra Scott LLC, he has also invested in other companies such as Darbie Angell Tableware and Helm Boots.
Personal life of Kendra Scott
Kendra Scott has been married twice. She was first married to John Scott on June 24, 2000. She has two children from her first marriage. She ended her first marriage in divorce on August 22, 2006. She then married Austinite Matt Davis on June 6, 2014. The couple had a son and ended their relationship in divorce in September 2020.
Scott has been involved in numerous charitable causes, primarily in support of children and women. He launched the Kendra Cares program in 2015, providing customizable color bar jewelry to children’s hospitals.
Scott has also donated more than 75,000 pieces of jewelry and donated money to local causes. In 2019, she donated $1 million to the University of Texas to create the Kendra Scott Institute for Women’s Business Leadership.
The luck of Kendra Scott
As of 2021, Kendra Scott’s net worth is estimated to be around $800 million. She pocketed a colossal sum from her successful business venture. Scott was inducted into the Texas Business Hall of Fame in 2019.