Katie Rodan
San Francisco, California
Bachelor of Arts/Science, University of Virginia | Medical Doctor, University of Southern California
United States
8
skin care, Self Made
$1,500,000,000
1511
#14 America's Self-Made Women 2019
#1511 Billionaires 2019
Dermatologist Rodan co-created acne treatment Proactiv and launched skin-care company Rodan + Fields with longtime business partner Kathy 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. Revenues of Rodan + Fields grew 50% in 2017 to $1.5 billion; 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.
Rodan is also an adjunct associate professor of dermatology at Stanford Medical School and has a part time private practice in Oakland, Calif.She met Fields while they were dermatology residents at Stanford.
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