Kathy Fields
San Francisco, California
Bachelor of Arts/Science, University of Florida | Medical Doctor, University of Miami
United States
8
skin care, Self Made
$1,500,000,000
1511
#14 America's Self-Made Women 2019
#1511 Billionaires 2019
Dermatologist Kathy Fields and her business partner Katie Rodan have created two successful skincare brands: Proactiv Solutions and Rodan + Fields. In May 2018, private equity firm TPG spent $1 billion to buy a 25% stake in Rodan + Fields.Rodan + Fields borrowed $600 million in junk bonds in June 2018 and used it to pay the founders a dividend. Rodan + Fields did not reveal 2018 revenue, but it hit $1.5 billion in 2017; the direct marketing firm conducts sales through 300,000 'consultants.' In 2016, the two dermatologists sold their Proactiv royalties to a joint venture between Guthy Renker and Nestle, which markets the product.
Fields and Rodan met as dermatology residents at Stanford University. Fields is also an assistant dermatology professor at the University of California, San Francisco, and has a private practice in San Francisco.
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