The renowned actress Jessica Alba not only stands out for his cinematographic talent. In early May, your company The Honest Company made its debut on the Nasdaq index (the second most important stock exchange in the United States), triggering the price of its shares with an increase of 33% above the offer price, reaching 21.2 dollars.
Based on her childhood experiences and her life as a mother, in 2011 Alba created the company together with Brian Lee and Christopher Gavigan. “I created The Honest Company because I think you shouldn’t have to choose between what works and what is good for you.” The millionaire company sells sustainable and ecological products for babies, home and body care.
Previously, the company had valued its shares at $ 16, within its marketed range of $ 14 to $ 17. The opening price values Alba’s roughly 5% stake at $ 88 million, according to the Bloomberg Billionaires Index. The Los Angeles-based company is now valued at $ 1.89 billion, or $ 2.22 billion when the value is fully diluted to include stock options for employees and business units. Actions restricted. Honest has become a national brand and it has partnerships with retail giants like Target Corp. and Amazon.
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When I was 10 years old, I realized how well-being can define your entire life. That has never left me
The 40-year-old actress is the daughter of an aeronautical soldier descendant of Mexicans. In his childhood he moved several times and developed multiple allergies, pneumonia and asthma attacks.
“I was born in a mexican american family very hardworking. My parents worked multiple jobs, doing whatever was necessary to survive, “Alba wrote in a letter included in the company’s prospectus in which she describes a childhood marked by health problems and hospitalizations. “When I was 10 years old, I realized how well-being can define your entire life. That has never left me.
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In May 2008 she married the actor Cash Warren and a month later she gave birth to her first daughter, named Honor Marie. Your newborn had an allergic reaction to a detergent that was claimed to be safe for babies. From there, an interest arose to explore this market.
But before launching into the business world, Jessica was already a star. In 1994 he debuted with just 13 years in children’s movies and series. But it was only at the age of 19 that he achieved international recognition in the series Dark Angel (2000), a project with which he received a Golden Globe and a Teen Choice Award. Over time, he became more popular for his appearance in such films as Fantastic Four (2005), Valentine’s Day (2010), Little Fockers (2010).
However, today his life shares the scene with him business world at The Honest Company, a path that has not been easy. Since its launch, the company has been on the rise: in 2013 it raised $ 52 million and a year later it had a profit of $ 72 million. In 2015 it was valued in the market at 1.7 billion dollars. That same year, the actress appeared on the cover of Forbes as a promising figure on America’s richest self-made women list. According to Forbes, at that time the business was valued at $ 1 billion, and Alba was estimated to have between 15 and 20%, that is, $ 200 million.
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However, that year, a client in California sued The Honest Company for misleading advertising on your products. Many customers complained that the sunscreen line claimed to have high protection and to be made from Bee wax, but at the time of use, they suffered second degree burns. The company denied everything, settled the lawsuits, and has been recovering ever since.
The actress is a rare example of someone who successfully links a career between Hollywood and Wall Street. While many celebrities do strike licensing deals for fashion lines or products like perfumes or vodkafew have founded publicly traded companies. Alba, whose official title is Creative Director at Honest, continues to work as actress and recently starred in the crime TV series LA’s Finest: Los Angeles Cops (2019) on AXN.
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With information from Bloomberg