As the old adage goes, “Necessity is the mother of invention”. That sentiment couldn’t be more true than with Drybar, and its founder, American entrepreneur, Alli Webb. Webb came up with the ingenious concept of Drybar, a chain of salons that provides nothing but blowouts (professional hair-drying, for the uninitiated) in a trendy “bar” setting at a competitive price-point. The idea was a “no-brainer” for Webb who has naturally curly hair and was spending a small fortune on salon blow-outs.
Since opening the first Drybar in 2010, the concept and company have enjoyed phenomenal success. Entrepreneur Magazine deemed it one of its “100 Brilliant Ideas of 2010”. In 2013, Fortune included Webb in its “ “40 Under 40” list.
Given the astounding success of Drybar, for ages, there has been much speculation about just how much its founder has to her name. Thus, we here at Sophisticated Investor endeavored to answer, “How much is Alli Webb’s net-worth?”. Below, we’ve compiled a profile of Alli Webb using all publicly available data, including an estimation of her fortune.
Take note that the figures provided are simply approximations, and not conclusive. However, we used all of the publicly available assessments to determine the probable range of Alli Webb’s net worth.
|Date of Birth||March 20, 1975|
|Title||Founder, Entrepreneur, Investor|
|Companies Founded||Drybar, Straight-At-Home, Squeeze|
|Best Known For||Founding the first blowout-only chain of hair salons|
|Net Worth (USD)||$100 million|
What Is Alli Webb‘s Net Worth?
According to the research, Alli Webb’s net worth is roughly $100 million. Of course, this figure is an approximation based upon publicly available appraisals to a range we consider likely for it to fall within.
In 2019, owing to her obvious business acumen, Webb was offered a guest-shark position on the 10th season of the Emmy award-winning ABC show, Shark Tank.
Alli Webb Biography
Alli Webb was born on March 20, 1975, in South Florida. She attended high school in Boca Raton, Florida. Webb then spent a year at Florida State University, but dropped out, lighting off to join her brother, Michael Landau, in New York City. Landau worked at Nicole Miller’s head office, and likewise, got Webb a job. The siblings then moved back to Southern Florida, opening a couple of Nicole Miller stores together. However, as siblings are wont to do, they squabbled about the particulars of running the stores, eventually ending their business partnership.
Webb then attended beauty school to learn the fine art of hairstyling, and worked in salons, and did hair for fashion shows. She met her then-husband, Cameron, and the couple moved to Los Angeles after he was offered a job at an ad agency. For five years, Webb was a stay-at-home mom until the entrepreneurial bug bit her and she opened Straight-At-Home, a mobile blow-out business. The mobile service proved so incredibly popular, which led to a light-bulb moment for Webb – she needed a brick-and-mortar shop. Consequently, in 2010 Webb, her then-husband, and brother Michael opened the first Drybar salon in Brentwood, California.
Today, Drybar has almost 150 locations around the United States and thousands of employees. In 2019, Webb and her brother Michael launched a new business venture, Squeeze, a mobile massage service.
How Did Alli Webb Build His Wealth?
The bulk of Alli Webb’s wealth comes from the success, and rapid growth of Drybar, and its myriad of branded hair products. In addition, Webb authored a New York Times best-selling book, and continues to collect royalty payments from the sales:
- The Drybar Guide to Good Hair for All: How to Get the Perfect Blowout at Home (2016, Abrams Image)
How Is Alli Webb’s Net-Worth Calculated?
Basically, Alli Webb’s net worth is calculated assets subtracted by her liabilities. Webb is the co-founder and co-owner of a successful line of niche salons that has enjoyed incredible growth since its inception only 11 years ago.
Yet, it must be noted that the $100 million figure is based upon estimates, and may not necessarily reflect her precise net worth.
Invest Like Alli Webb?
Not all investors have the same style. To compare investors like Alli Webb check out these investor profiles:
- Michael Wekerle
- Anne Wojcicki
- Nick Woodman
- Steve Tisch
- Jamie Siminoff
- Kevin O’Leary
- Daymond Garfield John
Want to Invest Like Alli Webb?
Suffice it to say, having a net-worth equivalent to that of Alli Webb, is definitely an ambitious, perhaps unattainable goal. Yet, you definitely can start aggressively investing by diversifying your portfolio with alternative investments not correlated to the stock market.
Firstly, open a self-directed IRA, so you can build a portfolio that appreciates in value on a tax-free or tax-deferred basis. This way, you can invest in a variety of high-upside asset classes unavailable to regular brokerage account investors. Learn more about how to build long-term tax-free wealth by reading our Precious Metals IRA and Bitcoin IRA reviews.