Founder of the fashion brand LuLaRoe, DeAnne Stidham is a wealthy American entrepreneur. She has an estimated net worth of $50 million. She is married to Mark Stidham. Their family has a total net worth of $100 million. This is the result of their success with LuLaRoe.
DeAnne Stidham was born in 1959 in Pasadena, California. She grew up in a Christian family. Her mother was Elbert Startup and her father was Maurine Startup. She married Mark Stidham in 1998. The couple had fifteen children. Some of the children are biological, while others are adopted. They have a luxury lifestyle. They have a $7 million ranch in Wyoming.
DeAnne Stidham has been involved in various lawsuits with LuLaRoe. The company has faced a lot of controversies. One lawsuit claimed that Stidham’s former employees were selling products that were of poor quality. The company faced tens of millions of dollars in lawsuits. This has tarnished the company’s image. However, the company is making good profits. Currently, the company has 17 thousand active retailers. In 2016, LuLaRoe sold $1 billion worth of women’s clothing. In 2017, it was estimated that LuLaRoe will make more than $2.3 billion. In 2013, the company was incorporated. The company is now based in Corona, California. It has a headquarters on the sixth floor of a building. The company sells clothing through an official online store. The average gross profit from retailers is about $10,000.
LuLaRoe is a multi-level marketing company. It is an American fashion brand that sells women’s clothing online. The company was founded by Mark Stidham’s wife. In the beginning, LuLaRoe was a small firm with a few salespeople. However, it soon grew into a huge clothing empire. The company had over 80,000 consultants. The company started selling clothing in 2013. The sales of LuLaRoe increased in 2016. By the end of 2016, LuLaRoe had a peak revenue of $2.3 billion. The company is currently airing a docu-series on its rise to fame. The documentary was released by Amazon Prime Video.
In addition to running LuLaRoe, Stidham has a large family. The Stidham family includes Nicole, Amelia, Jordan, and Kenny. The Stidhams have shell elements to move away from banks. They are reportedly hiding their assets from creditors. Some of the Stidham children are biological, while others are adopted.
Despite the controversies, Stidham and DeAnne have kept their focus on promoting Down syndrome education. The couple has also made a commitment to help with the development of an e-book for children with Down syndrome. However, they have also been hit with a state tax lien. In 2013, the Stidhams closed a state tax lien for $21,257. This lien was pending for five years. The Stidham family has also faced fifteen tax liens.
While Stidham is not known to disclose her husband’s name, he is also involved in many lawsuits. According to Buzzfeed News, the Stidhams had a rocky financial history over the years. In one lawsuit, Stidham was sued for failing to pay a $7,500 credit card bill. In another lawsuit, Stidham was accused of failing to pay her credit card bill with FIA Card Services.