'How Michelle Phan Turned Her Followers to Billions'

01:00 Mar 14, 2023 0 0

'#Shorts #Celebrities #Luxury  Michelle Phan is doing quite well for herself, with almost 9 million YouTube subscribers and over 1 billion views on her channel. Her net worth alone is $50 million, and many of the companies she has a stake in or helped found are worth much more than that. After getting famous from her YouTube channel, in 2011, Phan helped co-found Ipsy, a monthly beauty product subscription service, which is now valued at $800 million. She also bought EM Cosmetics from L’Oreal and decided to focus on that over Ipsy, which should tell you something about both of those two companies. She also recently founded yet another startup — Thematic, a company designed to license music. This was likely due to a nasty copyright infringement lawsuit regarding music on some of her YouTube videos, where Ultra Records sought $7.5 million in damages. Both parties settled out of court, but it’s clear the issue was important to Phan, and here’s to hoping she’s able to help fight more unjust copyright claims in the future!' 

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