According to WWD, beauty guru to the fashionistas Pat McGrath has built her cosmetic company, Pat McGrath Labs, into an estimated $1 billion empire after recently closing a $60 million deal with investment firm Eurazeo Brands. McGrath has taken her two-year-old company into the stratosphere, outpacing projections for Kylie Jenner’s Kylie Cosmetics, which Forbes recently estimated at about $800 million.
Born in Northampton, UK, McGrath launched her brand in 2016 after becoming a mainstay in the fashion industry, creating some of the most iconic looks on the runway.
According to HuffPost, she has been called:
...the most influential makeup artist in the world by Anna Wintour and was made a Member of the Order of the British Empire for services to the fashion and beauty industry by Queen Elizabeth II.