Spanx Founder Sara Blakely Gifts 500+ Staff With $10,000 And Two First-Class Plane Tickets

Spanx founder Sara Blakely celebrated her company being valued at $1.2 billion last week by giving all of her 500 plus employees first-class plane tickets and $10,000 spending money.

Last week investment management company Blackstone had purchased a majority stake in Spanx, with the company reportedly valued at a whopping $1.2 billion.

Blakely announced the sale to her employees with a party, where she shocked the room by announcing that she was gifting everyone with two first-class Delta flights to anywhere in the world, plus an additional $10,000 cash.