"Forbes" just released its annual list of the world's richest people and there's a new person on the list who proves two things.
41-year-old Sara Blakely of Clearwater, Florida is the founder of SPANX. If you're not familiar, Spanx are spandex-type wraps you wear under your clothes to slim you down and smooth out your bulges.
And because she invented them, Sara's now the YOUNGEST self-made female BILLIONAIRE in the WORLD.
Sara started Spanx in the late '90s, when she came up with the idea at age 27. She used all $5,000 she had in the bank to start the company. The product caught on and now, she has a net worth of $1 BILLION.
One more note: Sara would never have started Spanx if she'd gotten the first job she applied for . . . playing GOOFY at Disney World. They rejected her because you have to be 5-foot-8 . . . and she's 5-foot-6.