Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Mary Kay Ash portrait
Investors and Entrepreneurs

Mary Kay Ash: the story of the founder of Mary Kay Cosmetics

20.02.2022
2 min read

How Mary Kay Ash founded her company

Mary Kay Ash is a prominent businesswoman, the founder of the Mary Kay Cosmetics networking company. She proved by her example that every woman can succeed and build a corporation that is successful all over the world.
Mary Kathleen Wagner was born in 1918 in Texas. From an early age she cared for her father with a disability while her mother worked hard. At 17, she married Ben Rogers and they had three children. However, her spouse could not fully provide for the family, and Mary regularly worked part-time. After 11 years of marriage, the two decided to divorce, and the woman was forced to find steady work to support herself and the children.
In 1939, Mary took a job as a sales representative for Stanley Home Products. However, she did not apply the standard sales algorithm, but decided to try something new. The woman held product presentations in the form of parties, during which she talked about the benefits of the products. Sales went up, and in 1952 Mary was poached by another company, where 10 years later she achieved the position of Head of Recruitment. Mary Kay’s resignation from the successful place was prompted by one situation that indicated discrimination against women. The male employee she was training was getting paid more and was moving up the career ladder faster than she, who had more experience and seniority for the firm. Mary was not afraid, and in 1963, at the age of 45, she left.Mary Kay AshShe then decided to write a book that would help women become financially independent, but in the process realized that she could create her own business. Mary purchased a composition of hand cream from a tanner she knew, she enlisted her son Richard, and opened a small store. Gradually the business became a family business, with another son and the woman’s daughter joining in.
The beginning of her own business was marked by another event – Mary married a second time, but soon afterwards her spouse passed away, and despite her grief, the woman continued to develop the business. In 1966, Mary found a reliable life partner – Melvil Ash, who supported her until her last days.
Mary Kay’s business concept was built primarily on equality – here everyone could succeed through effort. Both women and men here could become big entrepreneurs and lead a team of people.
Mary herself continued to run the company until 1987, and even afterwards, until her stroke in 1996, she was involved in the life of the business.
The prominent woman died in 2001 at the age of 82. At the time, her fortune was $98 million. Her son Richard is in charge of the company.

Tags: Investors and Entrepreneurs
0
Previous Post Liqui Moly: development of the German automotive additive manufacturer Next Post Germany finally phased out uranium production

You Might Also Like

Sergey Brin biography of one of the founders of Google
Investors and Entrepreneurs
Sergey Brin: biography of the man who gave the world Google
02.03.2022
Chuck Feeney-2
Investors and Entrepreneurs
Businessman Chuck Feeney: the man who gave the world Duty Free
21.01.2022
Ben Graham
Investors and Entrepreneurs
Ben Graham: the rules of the teacher Warren Buffett
05.06.2021
Papa John's restaurant chain
Investors and Entrepreneurs
John Schnatter: founder of the famous Papa John’s restaurant chain
12.11.2021
Ernest Rady
Investors and Entrepreneurs
Ernest Rady: talented financier and successful businessman
25.05.2023
Wendy Deng
Investors and Entrepreneurs
Wendy Deng: How a poor Chinese girl became one of the most powerful women in the world
25.02.2021

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics