Kendra Scott was born on March 27, 1974, in Kenosha, Wisconsin. She is a fashion designer, investor, and philanthropist. When Scott became 16 years old, her family relocated to Houston, Texas.
She spent a year at Texas A&M University before having to leave her sophomore year to help with her ailing step-care father in Austin, Texas. Tragically, her step-father succumbed to brain cancer soon after.
Journey
She is 47 years old and the owner of “ENCOMPASSES,” a fashion jewelry, fine jewelry, and beauty goods company with a market worth of over $1 billion.
In fact, Forbes ranked her as the 35th richest self-made woman in the nation in 2021. But Scott’s entrepreneurial career has occasionally proven difficult.
At the height of the financial crisis in 2009, when revenue fell by 60%, she almost lost her business. Nevertheless, it is stated that “fortune favors the bold.
“Kendra Scott decided to create her own store, which was a brave and daring decision at the time and one that changed everything. The e-commerce business currently operates more than 100 independent retail locations throughout 36 states and has a sizable online presence.
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What Makes Brands So Different
By 2023, her net worth will be $800 billion. She was recently featured as “Guest Shark” in the globally popular show Shark Tank US. Several months after the birth of her first kid, she launched her business with barely $500.
After ten years, she started taking money from outside investors. The business has expanded and now has more than 100 outlets in the US and a worth of more than a billion dollars. Due to its matte metal finishes and geometric designs, jewelry has an instantly identifiable appearance, which is why it is so popular.
Legacy Of Philanthropy
Although she just left her position as CEO of the corporation, her legacy of charity lives on as charitable endeavors increase. Since starting her company, Scott has utilized her success as a platform to make a significant contribution to charity.
Her fervent dedication to philanthropy is a cornerstone of the company. Scott may concentrate on expanding the significant philanthropic initiatives of the business while Nolan oversees day-to-day operations.
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When tragedy struck Austin in the early evening of January 26, 2021, the most recent charitable endeavors were tinged with melancholy. Two persons were killed in a hostage scenario at Children’s Medical Group. Dr. Lindley Dodson, a pediatrician, was one of those lives.
In Scott’s words, “[She] was a leader in our community and a fiery advocate and kind face for the children that reside here.” Dr. Dodson treated several of the children in the Kendra Scott family, therefore her passing was felt by the entire family.
Donation
Shaw, Tucker, and Loretta Dodson’s education will be supported by the Lindley Dodson Education Foundation, which was formed by Kendra Scott to support the brand’s Everlyne bracelet collection.
Scott recalls, “She was always there for our families.” “After hearing the most horrible news, we felt it was our duty to support her family. The finest thing we could do in the wake of this tragedy is what we usually do. Be there for our neighborhood. We wish to keep Dr. Dodson’s memory alive and believe that the support we are providing will benefit her children in the future.
Kendra Scott has donated $40 million to charities overall, with a focus on women’s and children’s empowerment, education, and wellness.
Personal Life
Kendra Scott is a loving mother to three boys and has been married twice. Her first marriage was in 2000 to John Scott, with whom she had her first two children before divorcing in 2006. She married Austinite Matt Davis in 2014, and they had one child before divorcing in 2020.