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Jessica Alba
PROFILE
Jessica Alba
$340M
2016 America's Richest Entrepreneurs Under 40 Net Worth
as of 12/12/16
About Jessica Alba
Actress turned entrepreneur Jessica Alba co-founded the nontoxic-household-goods startup The Honest Company in 2011. The business began largely as an e-commerce subscription service for diapers and baby wipes but now sells over 100 products. Honest raised $100 million at a $1.7 billion valuation in 2015. There were rumors earlier this year that it might get bought out by Unilever or P&G; Unilever later bought its competitor Seventh Generation. Not everyone is a fan of the company: There were complaints that Honest's sunscreen didn't work and that its detergent wasn't quite as chemical-free as... Read More
Actress turned entrepreneur Jessica Alba co-founded the nontoxic-household-goods startup The Honest Company in 2011. The business began largely as an e-commerce subscription service for diapers and baby wipes but now sells over 100 products. Honest raised $100 million at a $1.7 billion valuation in 2015. There were rumors earlier this year that it might get bought out by Unilever or P&G; Unilever later bought its competitor Seventh Generation. Not everyone is a fan of the company: There were complaints that Honest's sunscreen didn't work and that its detergent wasn't quite as chemical-free as advertised. In 2017, the company will launch a reformulated detergent free of sodium coco sulfate, the ingredient that caused controversy. According to a December news report, Honest plans to shift from a mostly online operation to one with wholesale deals with Whole Foods, Target, Costco, and more. They?ll cut 80 jobs, 50 of which will be at a Texas call center that will now be automated. Read Less
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