Kendra Scott is an American fashion designer who is 48 years old. Kendra Scott’s net worth is estimated to be $800 million in 2022.
She is well-known for being the founder, chairman, and lead designer of the popular accessory and jewelry company “Kendra Scott, LLC.”
Scott was named ‘2013 Lady Bird Johnson Humanitarian of the Year Award and ‘2017 Young’s National Entrepreneur of the Year 2017’ 2013 and 2017, respectively.
Kendra Scott is a self-made millionaire female.
Kendra Scott’s Net Worth 2022
Kendra Scott’s net worth is estimated to be $800 million in 2022.
How did Kendra Scott make her money?
She has multiple sources of income, allowing him to increase her net worth to over $800 million, according to the most recent update.
Her professional career provides the majority of her income (as a professional fashion designer). She has made a fortune from her successful business venture. In 2019, Scott was inducted into the Texas Business Hall of Fame.
Kendra Scott, a fashion designer, was born on March 27, 1974, in Kenosha, Wisconsin, United States. She moved to Houston, Texas with her entire family when she was 16 years old. Kendra L Baumgartner is her full name, but she is better known by her nickname. Moving on to her education, she graduated from Klein High School and then enrolled at Texas A&M University for further studies.
Scott dropped out of university at the age of 19 and relocated to Austin, Texas, where she began working for her ailing stepfather. She developed an interest in fashion design and began her jewelry business while growing up in Texas. She began making jewelry at home in Austin before expanding her business.
Scott is very private about her personal life and hasn’t revealed anything about her parents’ names or siblings, despite the fact that she is the eldest child of her parents. Her father and mother are both business owners, and she frequently posts pictures with her stepfather Rob on Instagram.
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Kendra Scott Career
Scott began her business with the establishment of “the Hat Box.” During chemotherapy treatment, the company designed a comfortable hat for women. Kendra Scott LLC was founded by her in 2002. She created her first collection in her spare bedroom at home, which cost her around $500.
In 2005, Kendra’s extraordinary designs were chosen to accessorize Oscar de la Renta’s Spring 2006 Runway Show. Her design was also featured in Randolph Duke’s 2007 Runway Show. However, due to the financial crisis, she was forced to close her company in 2009. She did, however, have one last chance to re-establish her business after receiving an order from the luxury department store Nordstrom.
She opened her first retail store in Austin in 2010. The retail store opened on South Congress Avenue in Austin. That same year, she launched her e-commerce business and the Color Bar experience for her brand. In 2011, she launched her second store on Rodeo Drive in Beverly Hills. However, the store was quickly closed.
Scott sold a minority stake in her company to the private equity firm Berkshire Partners in 2016. She sold the stake for a $1 billion valuation. Scott continued to grow her business by opening new retail locations. She was able to open 102 retail stores by the end of 2019.
Scott will leave the company as CEO in February 2021. Nonetheless, she remains the company’s Executive Chairwoman. Aside from her successful business venture with Kendra Scott LLC, she has also invested in Darbie Angell dinnerware and Helm Boots.
Kendra Scott began dating John Scott in the 1990s, and they married on June 24, 2000, after dating for a long time. Cade Scott, the couple’s first child, was born in 2002. Beck Scott was born shortly after their second son. However, due to marital problems, Kendra and John divorced on August 22, 2006.
Kendra Scott remarried Austinite Matt Davis on June 6, 2014, and their royale wedding ceremony was held in Sedona, Arizona. Grey Davis, the couple’s son, is their only child. Their marriage did not last long, and they divorced in September 2020.
Awards and Achivements
Kendra Scott is a Hollywood celebrity who has received numerous awards and accolades for her work, including the Accessories Council Excellence Awards, Outstanding Mother of the Year, Top 100 Entrepreneurs of the Year, and CEO of the Year by the Austin Business Journal, among others.
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Kendra Scott’s Family
Kendra Scott is the eldest child of her parents, according to media reports. She is a Christian with a pure white caucasian ethnicity. She does not, however, reveal the names of her parents or siblings to the media.
Her father is a businessman, and her mother is an entrepreneur, according to sources. We discovered some photos with her stepfather after scrolling down her Instagram profile. According to the photos, her parents divorced and her mother had a second marriage.
However, no accurate information about Kendra’s siblings is available. According to sources, she grew up in the United States playing with her siblings and cousins.