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Shark Tank, a popular reality show now in its season 16, features investors who seek promising business opportunities from aspiring entrepreneurs. Among these investors featured in Shark Tank is Kendra Scott, a successful jewelry designer and entrepreneur.
Known for her self-made success, Scott has built a jewelry empire over two decades. As of 2024, her net worth is estimated at $460 million, primarily from her majority stake in her company, Kendra Scott, LLC, as per Forbes.
Exploring the wealth and success of Shark Tank guest Kendra Scott
Personal life and continued success
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Kendra Scott, from Austin, Texas, is a successful businesswoman and mother of three. In 2002, she started her jewelry company, Kendra Scott, LLC, with just $500, selling her unique gemstone designs to local boutiques.
For over a decade, she grew her business without outside investment. Today, her brand has over 130 U.S. stores and a strong online presence, known for accessible luxury designs that have made her a well-known and influential figure in the industry.
As of 2024, Kendra Scott’s net worth is estimated at $460 million, largely due to her majority stake in Kendra Scott, LLC, according to Forbes. Her business has seen consistent growth, benefiting from both retail expansion and strong brand recognition. Her leadership has helped position the brand as one of the top names in the jewelry industry, with revenue exceeding $500 million annually.
As a recurring guest shark on Shark Tank, Kendra Scott offers her insights and experience to new entrepreneurs. Her presence on the show inspires aspiring business owners, particularly those interested in the fashion and retail sectors. Through her participation in Shark Tank, Scott shares her journey and advice, offering valuable guidance to those looking to navigate the business world.
Growth and investment milestones
Kendra Scott’s company hit a significant milestone in 2016 when Berkshire Partners invested in the business, valuing it at over $1 billion. This investment enabled further expansion, including more stores and product lines. Scott’s brand now generates over $500 million in annual revenue from its stores and online sales, with a presence in select retail partners nationwide.
With the Berkshire partnership, the business scaled operations and broadened its reach. Kendra Scott, LLC now offers customers the option to personalize jewelry through its Color Bar™ feature, available in stores. Even after stepping down as CEO in 2021, Scott remains actively involved as the company’s executive chairwoman.
Philanthropy and community engagement
Philanthropy has always been central to Kendra Scott’s business. Since 2010, her company has contributed over $30 million to various charitable causes through initiatives like Kendra Gives Back, where 20% of proceeds from select events are donated to local communities. Scott’s charitable focus includes support for women's and children’s health, empowerment programs, and community events.
The Kendra Cares program also supports pediatric hospitals by bringing the Color Bar™ experience to young patients, allowing them to design custom jewelry. Through funding grants, volunteering, and event sponsorships, Scott’s brand supports multiple initiatives aimed at uplifting communities.
Awards and recognition
Kendra Scott has received several for her contributions to business and philanthropy. In 2017, she was honored with the EY Entrepreneur of the Year National Award and the Breakthrough Award from the Accessories Council Excellence Awards.
Scott has also been recognized as Texas Businesswoman of the Year and inducted into the Texas Business Hall of Fame in 2019. Forbes regularly includes her in its list of America’s wealthiest self-made women.
In addition to her business achievements, Scott is a member of the Breast Cancer Research Foundation’s board of directors and the Council of Fashion Designers of America.
Catch Kendra Scott and other inspiring investors on Shark Tank, airing Fridays at 8 p.m. ET on ABC. You can also stream episodes the next day on Hulu to see her latest investments and insights for aspiring entrepreneurs on Shark Tank. Don’t miss out!
