In honor of the company’s billion-dollar value, Spanx founder Sara Blakely gave each employee a pair of round-trip tickets to anywhere in the world and a $10,000 bonus.

Last week, Blakely sold a majority share in Spanx to Blackstone. The shape-wear company got valued at $1.2 billion in the purchase.

“To commemorate this occasion, I have purchased two first-class tickets for each of you to any destination in the globe,” Blakely told her workers on Friday.

A video of Blakely’s statement has gone viral, showing Spanx staff crying, yelling, and embracing one another in joy at the CEO’s gesture.

“And you know, if you’re going on a trip, you might want to go out to a great meal or stay in a nice hotel,” Blakely continued. “With your two first-class tickets to anywhere in the globe, each of you will have $10,000 to spend on your trip.”

When she announced to the employees, Blakely became emotional, recalling her earliest days at the company. “Everyone laughed at me when I predicted this company will be worth $20 million one day.” “I truly believe that,” I replied.

Spanx employs roughly 750 people. Atlanta is where the company’s headquarters get located.

According to various sources, Blackstone is buying a majority stake in Spanx, valuing the shapewear company at $1.2 billion. Blakely also announced last week on Instagram that she “will continue to assist the business reach its highest potential as a big shareholder.”

Blakely stood in front of her champagne-holding employees during a party last week in a room filled with balloons.

‘I wrote a goal on a whiteboard in my room when I first launched the company in Virginia Highlands. And I promised them this company would be worth $10 million one day,’ she recalled, pausing as she became choked up. ‘Everyone laughed at me,’ says the narrator.

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By Vil Joe

A writer and editor based out of San Francisco, Vil has worked for The Wirecutter, PCWorld, MaximumPC and TechHive. Her work has also appeared on InfoWorld, MacWorld, Details, Apartment Therapy and Broke-Ass Stuart. In her spare time, she takes too many pictures of her cats, watches too much CSI and obsesses over her bullet journal.

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