Michelle Phan Net Worth 2023: Ever been curious to know how much Michelle Phan is worth. Well, you’re at the right place. To satisfy your curiosity read on, as we take you through the biography, salary, earnings, and net worth of Michelle Phan. You’ll also learn how the Makeup artist and Youtuber made her money.
Who is Michelle Phan and How Much is She Worth?
|Date of Birth
||April 11, 1987 (age 35)
||Makeup artist, entrepreneur, voice actress, and YouTube personality
||5 ft 1 in (1.55 m)
||United States of America
|Source of Wealth
Michelle Phan is an American makeup artist, entrepreneur, voice actress, and YouTube personality with an estimated net worth of $60 million. Phan is the founder and owner of the multimillion-dollar cosmetics line EM Cosmetics.
Michelle is a very popular figure on YouTube due to her cosmetics videos. She has also received a lot of recognition and awards for her works.
So how much do you know about Michelle Phan? Read on as we take a look at how Michelle Phan began her journey to fame.
Michelle Phan was born on April 11, 1987, in Boston, Massachusetts, United States of America. She is of Vietnamese origin. Her biological father left the family when Phan was still very young. Her mother later remarried but left the marriage after years of abuse. Michelle has an older brother, Steve, and a younger half-sister, Christine.
For her education, Michelle attended Tampa Bay Technical High School. She proceeded to Ringling College of Art and Design but dropped out due to financial constraints. However, she was awarded an Honorary Doctorate of Arts degree from Ringling in March 2014.
Phan started her personal blog in 2015 where she discussed different makeup tutorials. Thereafter, she started posting her makeup tutorial on Xanga under the username “Ricebunny”. In May 2007, she began posting on YouTube.
In 2009 and 2010, two of her makeup tutorials “How To Get Lady Gaga’s Eye” were featured on Buzzfeed which help them go viral. Still, in 2010, she was made the official video make-up artist of Lancôme while also featuring some of their products in her videos. She then became the company’s first Vietnamese-American spokesperson.
A year later, Phan co-founded MyGlam, a monthly beauty product subscription service. However, ever since its launching in September 2012, the company has been renamed Ipsy. That same year, Phan became a YouTube advertising partner and launched FAWN, a YouTube MCN (multi-channel network).
L’Oreal launched a new cosmetic line called EM Cosmetics by Michelle Phan on August 15, 2013. In April 2015, Phan bought L’Oreal’s share of EM Cosmetics through Ipsy. She went further to acquire the company from Ipsy and relaunch it.
In 2014, Michelle went into a partnership with Endemol Beyond USA to build a talent network to feature people from YouTube and create content for millennials. That same year, she partnered with Cutting Edge Group to launch Shift Music Group.
Did we tell you that Phan is an author? Well, in 2014, Michelle Phan wrote and published a book titled “Make Up: Your Life Guide to Beauty, Style, and Success — Online and Off”.
In 2018, she founded Thematic, a company specializing in licensing music.
You might be eager to know more about Michelle Phan’s personal life. Phan is a very successful entrepreneur but she also has her low moments. In 2015, she went on hiatus from YouTube. She cited legal troubles, the failure of EM Cosmetics’ initial launch, and her issues with self-image as what lead her to decide to take a break.
She went on break again until officially returning to YouTube in September 2019.
Eager to know about Phan’s relationship status? Phan is dating Dominique Capraro. The couple began dating in the early 2010s. However, the current status of the relationship remains unknown.
Awards and Achievements
Michelle Phan is a recipient of numerous awards and achievements. Below are some of her awards and recognitions.
She has featured on Forbes 30 under 30 and Inc. 30 under 30 lists in 2015. That same year, she was able to raise $100 million to value her company Ipsy at over $500 million.
In 2014, she was won the Streamy Award for Inspiration Icon Award and Shorty Award for Best YouTube Guru.
Social Media Engagement
Michelle Phan has a huge number of followers on her social media profiles. She has over 1.9 million followers on her Instagram account. On Facebook, Phan has amassed over 3 million followers. She also has over 873,000 Twitter followers.
Phan has over 8.83 million subscribers and over 1 billion video views on her YouTube channel. Furthermore, Phan has over 402,000 followers on her TikTok profile.
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Michelle Phan Net Worth, Salary and Earnings 2023
You might be curious to know how much Michelle Phan is worth. Michelle Phan has an estimated net worth of $60 million. Phan has multiple sources of income which include her cosmetic company, and her social media profiles.
Phan also earns money from brand sponsorship, partnership, and promotions. She is also into cryptocurrency as indicated in her social media bio. Her company Ipsy is valued at over $500 million.
Phan also owns a 3,422 square foot home in the Brentwood area of Los Angeles for which she bought for $4.715 million in 2017. According to reports, she paid cash for the 3-bedroom home.
Michelle Phan is a popular American makeup artist and entrepreneur. Her journey to fame was not a rosy one, as she deprived herself of so much in anticipation of greatness. The entrepreneur who started as a YouTube content creator now has a cosmetic company valued at over $500 million.