Jessica Alba gets Honest Co. into billion-dollar club
Jessica Alba’s Honest Co. has reportedly joined the billion-dollar club, according to estimates from Forbes magazine.
Alba didn’t make the list of the elite 50 women enumerated by the mag. But she did fall just $50 million shy of those tied in the No. 49 spot: Beyoncé Knowles and Judge Judy Sheindlin, whose net worths are estimated to be $250 million.
TV mogul Oprah Winfrey and pop icon Madonna also the financial mag’s list.
The 34-year-old Alba stands out among her celebrity peers because she’s the only one who made her fortune (an estimated $200 million) outside of her core industry. She’s been focused more on entrepreneurship than making films, though she will appear in the “Entourage” movie in June.
Alba is said to own between 15% and 20% of the billion-dollar-valued company, which she runs with co-founders Christopher Gavigan, Sean Kane and CEO Brian Lee.
“If we really want to make a difference in the world and people’s health, it’s billions and billions of dollars, not just one,” the actress said, hoping to grow the company’s global reach.
The Honest Co. planted its roots back in 2008 when Alba was pregnant with her first child, Honor. The brand budded with cutesy nontoxic diapers and branched out into household products, multivitamins and nursery furniture. A feminine care line is set to launch in July.
“I felt like my needs weren’t being met as a modern person,” Alba told the mag. “I want beautiful design like everybody else. But it shouldn’t be premium-priced, and it should, of course, be safe.”
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