Huda Kattan, the founder of Huda Beauty, turned a $6,000 loan from her sister into a billion-dollar cosmetics brand.
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Kattan graduated from the University of Michigan in 2008 with a degree in finance and moved to Dubai to work in recruiting.
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In 2012, she invested $6,000 in her beauty blog, which eventually became Huda Beauty.
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The brand's initial success was unexpected, with Sephora Dubai selling all 7,000 units of the lashes within a week, resulting in $1.5 million in sales that year and $10 million the next.
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Kattan's determination to grow her brand internationally led to its expansion in the U.S. in 2015 and other countries.
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As of 2020, Forbes estimated that Huda Beauty makes at least $250 million in annual sales.
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Kattan's net worth was $510 million according to Forbes, which ranked her as one of America's Richest Self-Made Women that year.
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Huda Beauty now offers over 140 products, including foundation, concealer, lipstick, eyeshadow, brushes, and more.
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The company's revenue for 2018 was expected to be roughly $300 million.
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Kattan's long-term goal is to build Huda Beauty into a conglomerate able to compete with the likes of L'Estee Lauder and Coty.
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