Estimate
Current Assessment
The core asset is Spanx. In 2021, Blackstone bought a majority stake in the company at a $1.2 billion valuation, and Blakely retained a significant equity stake. Because Spanx had not taken outside investment, the sale likely created several hundred million dollars of after-tax liquidity for her while leaving her with a material remaining stake. Smaller or less certain assets include a minority interest in the Atlanta Hawks investor group and the newer Sneex footwear venture.
Key caveats
- The percentage of Spanx sold and retained has not been disclosed.
- Spanx is private, so current revenue, debt, and valuation are not public.
- The Atlanta Hawks stake percentage is not public.
- Sneex has no public valuation or financial history.
Evidence gaps
- Transaction proceeds and tax treatment
- Retained Spanx ownership percentage
- Current Spanx financial performance
- Personal investment and real estate holdings
