The creator of Stitch Fix, Katrina Lake, has dominated the business world and amassed a sizable net worth, making her one of the wealthiest self-made women in America.
Katrina Lake accomplished more in seven years than any other successful venture could in a lifetime because of her determination to become a great entrepreneur while violating gender standards.
Along with creating a lucrative business, the billionaire businesswoman and her husband, John Clifford, have also created a thriving family life.
Katrina Lake Married Life
Many people find inspiration in Katrina Lake’s Married Life Lake’s journey to entrepreneurship not just because of her successful business but also because of how she balances her profession and family without allowing one to influence the other.
Moreover, her quest for success—both personally and professionally—has been greatly aided by her husband’s support.
The entrepreneur is not particularly outspoken about her personal life, but her Instagram post from June 8, 2014, reveals that she has been married since that year. Her husband is a professional in the investing industry.
On the occasion of her second wedding anniversary in December 2016, she posted a photo to her Instagram account with her toddler and the caption,
We made it official two years ago today: I am the luckiest person alive.
After seven years of marriage, the couple has two sons, who are now 5 and 3 years old. She described to The Cut her morning routine,
“My day begins whenever one of them [her sons] gets up, which is typically between six and seven in the morning. After spending time cuddling and reading stories with them, it’s time to eat and get them out the door.”
Despite her rigorous work, which necessitates a lot of attention, Lake never passes up the opportunity to spend time with her family.
Lake Implements A Universal Parental Leave Policy
She is a mother of two children and the full-time CEO of her own business, so she is aware of how difficult it can be to succeed in both her personal and professional life.
Lake announced her company’s new parental leave policy on Facebook in 2019 with the goal of striking a balance between the two. Lake penned,
“For me to perform at my best, I need to feel successful both at home and at work. I’m glad that Stitch Fix is developing norms and practices that embrace the fact that being a parent is a factor for so many of us.”
Lake made a brave decision to take parental leave, and she has inspired other women who are pursuing entrepreneurship by doing so.
She also hopes that the strategy would enable her staff to achieve their jobs without compromising their time with their families.
What Is Her Net Worth?
In 2011, Lake launched Stitch Fix, an online personal styling business, while still a Harvard MBA student.
In less than ten years, the company has grown to be worth a billion dollars thanks to the founder’s innovative strategy of using stylists and data analytics to cater to the individualized needs of her consumers.
Lake, who is 34 years old, is still the youngest female entrepreneur to issue an IPO since the company went public in 2017.
With millions of subscribers worldwide, the business generated 1.7 billion dollars in sales overall in 2020.
Furthermore, according to Forbes, Lake will be entitled to a whopping net worth of 760 million dollars as of 2021.
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