What Is Kathy Fields Net Worth?
Kathy Fields is an American dermatologist and entrepreneur who has a net worth of $1.5 billion. Kathy Fields is best known for creating the ProactivSolution and the skincare company Rodan + Fields with fellow dermatologist Katie Rodan. They sold Rodan + Fields to Estee Lauder in 2003 but bought it back in 2007. ProActiv soon took their products out of stores and started to sell directly to the consumer. In 2014, the company sold more than $300 million in products. In 2018, revenue topped $1.6 billion. In 2019, revenue topped $1.3 billion.
Fields works as an assistant dermatology professor at the University of California, San Francisco, and has a private practice. Fields and Rodan have co-authored two books and have been featured on many television shows. Fields was ranked #42 on the inaugural "Forbes" list of "America's Richest Self-Made Women" in 2015. As of 2018, her share of Rodan + Fields made Kathy a billionaire.
In 2016, Kathy and Katie sold their future Proactiv royalties to a joint venture between Guthy Renker and Nestle, the marketers of their product.
In May 2018, Kathy and Katie sold a 25% stake in their company to private equity firm TPG for $1 billion.
