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In 2019, Kylie Jenner was declared the first self-made beauty mogul billionaire by Forbes, but that was not true. McGrath is actually the first self-made woman billionaire in the beauty industry. Pat McGrath Labs received a $60 million investment from New York City-based investment firm Eurazeo Brands, who became a minority shareholder in the company. Once the valuation was complete, McGrath’s beauty brand was worth an estimated $1 billion.
The mother of makeup recently partnered with Apple Music to curate a Black History Month playlist. I am honored to partner with Apple Music to commemorate Black History Month by creating a playlist celebrating the role of the Matriarch and the strength and leadership of Black women. Curating nearly five hours of music from inspirational icons and legendary ladies of the past, present, and future was a joy, she shared in a press release.