Michelle Phan Net Worth: By the year 2022, the estimated net worth of Michelle Phan will be around $18 million. Have you ever wondered how much money Michelle Phan is actually worth? That’s right, you’ve arrived. Read on to learn about Michelle Phan’s personal life, income, earnings, and net worth. Learn how the makeup artist and YouTuber makes her money, as well.
To put it another way, Michelle Phan is a multi-millionaire American make-up artist and entrepreneur, as well as a well-known face on the internet. EM Cosmetics, the multimillion-dollar cosmetics company that Phan founded and owns, is named after her.
Because of her makeup tutorials, Michelle has amassed a devoted following on YouTube. Her work has also earned her a great deal of acclaim and accolades.
You’ve heard of Michelle Phan, haven’t you? Take a peek at Michelle Phan’s road to stardom in the following paragraphs.
Michelle Phan Early Life
Michelle Phan was born on April 11th, 1987 in the city of Boston, which is located in the state of Massachusetts, in the United States of America. Her family is originally from Vietnam. Phan’s biological father had already left the family by the time she was a very little child. Later in life, her mother remarried, but after several years of being mistreated in the marriage, she fled. Steve is Michelle’s elder brother, while Christine is her younger half-sister. Michelle also has a younger half-brother.
Michelle chose to further her studies by enrolling at Tampa Bay Technical High School. She enrolled at Ringling College of Art and Design but was unable to continue her studies there owing to a lack of financial resources. On the other hand, in March of 2014, Ringling College presented her with an Honorary Doctor of Arts degree.
Michelle Phan Career
In 2015, Phan launched her own personal blog on which she addressed a variety of various cosmetic methods. After that, she started using the moniker “Ricebunny” when she posted her cosmetics lesson on Xanga. She started uploading videos to YouTube in May of 2007.
In 2009 and 2010, two of her beauty lessons titled “How To Get Lady Gaga’s Eye” were published on Buzzfeed, which had a role in the videos’ subsequent spread around the internet. In spite of this, Lancôme appointed her as their official video make-up artist in 2010, and she began using some of their products in her films around the same time. After that, she was the first Vietnamese-American to ever hold the position of spokesman for the corporation.
After a year, Phan started her own monthly beauty product subscription service called MyGlam, which she co-founded. Ipsy is the moniker that has been used for the business since it was first introduced to the public in September of 2012. During the same year, Phan became an advertising partner on YouTube and also created FAWN, a YouTube multichannel network (multi-channel network).
On August 15, 2013, L’Oreal introduced a brand-new cosmetics collection under the name EM Cosmetics by Michelle Phan. Through Ipsy, Phan completed the purchase of L’Oreal’s stake in EM Cosmetics in April of 2015. She even went so far as to buy the firm from Ipsy and relaunch it after she had it.
In 2014, Michelle entered into a relationship with Endemol Beyond USA to develop a talent network that would include individuals from YouTube and produce content for millennials. Michelle’s goal was to construct a talent network that would showcase people from YouTube. During the same year, she established Shift Music Group through a collaboration with Cutting Edge Group.
Have we mentioned that Phan is an author to you yet? Make Up: Your Life Guide to Beauty, Style, and Success – Online and Off was a book that was written and released in 2014 by Michelle Phan.
In 2018, she established Thematic, a business that specializes in the licensing of musical works.
Michelle Phan’s Personal Life
It’s possible that you’re interested in learning more about Michelle Phan’s private life. Although Phan is a highly successful businesswoman, there are times when she feels like giving up. In 2015, she stopped uploading videos to her YouTube channel. She cited legal concerns, the failure of EM Cosmetics’ original launch, and her own struggles with self-image as the reasons why she decided to take a vacation from the cosmetics industry.
She took another sabbatical, and she won’t be back on YouTube until September 2019, when it will be official.
Are you itching to find out Phan’s current romantic situation? Phan is now in a relationship with Dominique Capraro. Early on in the 2010s, the pair started dating each other. Despite this, there is no information on the relationship’s present standing.
Michelle Phan Awards and Achievements
Michelle Phan has been recognized for a wide variety of accomplishments and accolades. The following is a list of some of the prizes and recognitions she has received.
In 2015, she was included on the Forbes 30 under 30 list as well as the Inc. 30 under 30 list. During the same year, she was successful in raising $100 million, which enabled the valuation of her firm, Ipsy, to exceed $500 million.
Both the Streamy Award for Inspiration Icon Award and the Shorty Award for Best YouTube Guru were bestowed upon her in the year 2014.
Michelle Phan Net Worth
You might be interested in finding out how much money Michelle Phan has in the bank. It is believed that Michelle Phan has a net worth of sixty million dollars. Phan derives revenue from a variety of sources, including her own cosmetics business and many personas on social media platforms.
Phan also makes money through partnerships, sponsorships, and promotions with other brands. According to the information in her social media account, she is also interested in cryptocurrencies. Her business, Ipsy, is currently valued at more than $500 million.