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Pat McGrath – The REAL “Self-Made Billionaire”?

A Billion Here a Billion There.

Forbes Magazine had included Kylie Jenner, the youngest in the Kardashian clan as one of America’s Women Billionaires. Kylie Cosmetics was launched two years ago with a “lipkit” with matching lip liner and lipstick.

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After a few years, the company added other products like the concealer and eye shadow with now an estimate of almost $800 million.

On the other side of the world though, a self-made British make-up artist Pat McGrath was declared by Vogue as one of the most influential make-up artist to-date.

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McGrath’s company is now valued at $1 BILLION. Yes, BILLION.

Two years ago, she introduced her cosmetic line called Pat McGrath Labs and to her surprise, it sells out consistently. A New York investment firm noticed Pat’s company and immediately invested $60 million in the business.

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“It has always been my dream to create an iconic beauty brand that goes beyond the usual limitations, that lives outside of the parameters of what is expected. I am thrilled to be working with the unique and expert team at Eurazeo Brands.” -Pat McGrath

The collaboration between Eurazeo and Mcgrath did not only bring Pat’s line into the limelight but also, after Forbes’ announcement, she can take “Self-made Billionaire” title easily.

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Written by John D. Saunders

John is a Marketing Strategist and Consultant with a knack for financial literacy. As the Founder of 5Four Digital,
a Marketing Agency in Miami, John leverages his understanding of money management and Marketing to create financial opportunities.

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