Kendra Scott and her journey from a young mother with only $500 to her name to the founder of a billion-dollar jewelry empire is a remarkable story of resilience, passion, and entrepreneurship. Her ability to balance motherhood with the challenges of building a business set her apart and continues to inspire others.
Turning a tea box into a billion-dollar brand
In 2002, Scott, inspired by her love of natural gemstones, began her jewelry business with a modest investment of just $500. She faced the typical hurdles of entrepreneurship but also took on the unique challenge of growing her business while raising a child.
She hit the streets of Austin, knocking on doors of local boutiques with nothing more than a tea box full of jewelry. In fact, left a lasting impression on store owners and customers with her vibrant personality and eye for design.
After over a decade of keeping the business independent, Scott opened her doors to outside investment, propelling her brand into a $1 billion valuation. Today, Kendra Scott has grown into one of the most recognized names in jewelry. This, with over 100 retail locations, a thriving online business, and a successful wholesale operation.
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The company continues to operate out of Austin. Where Scott maintains a strong commitment to her employees’ growth and work-life balance.
Scott and her commitment to philanthropy and empowering others
Since 2010, the company has donated more than $30 million to various causes through programs like Kendra Gives Back. Actually, that allows local communities to host events where a portion of proceeds benefit important causes. Nationally, the company supports initiatives aimed at improving the lives of women and children, including funding grants and volunteering time.
Through her Kendra Cares program, Scott has brought creativity and hope to pediatric patients in hospitals across the country. Offers them the opportunity to design their own jewelry through the brand’s customizable Color Bar™ experience.
In addition, Scott’s passion for helping others led her to establish an entrepreneurial program at The University of Texas at Austin. Through this program, she aims to foster the next generation of business leaders by sharing her experiences and insights.
Scott’s success has garnered numerous accolades, including the EY Entrepreneur of the Year 2017 National Award. Besides, the recognition from Forbes as one of America’s Richest Self-Made Women. Incluiding the induction into the Texas Business Hall of Fame.
