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Source: Photo by DAVID X. PRUTTING/Patrick McMullan via Getty Images

Pat McGrath Is The Makeup Industry's Newest Self-Made Billionaire--And She Did It In Two Years

By Vanessa Nix Anthony

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.