Huda Kattan, the founder and chief executive officer of billion dollar cosmetics brand Huda Beauty, has announced that she is forgoing her salary for the remainder of the year in a bid to protect employees during the current coronavirus crisis.
In a statement to Arabian Business, the Dubai-based beauty powerhouse revealed that her family members linked to the business, including sister Mona (co-founder and global president), together with sister Alya (chief Instagram officer), husband Chris (COO) and even father Ibrahim (senior advisor supply chain) are all refusing to take a salary until the end of the year.
Kattan said: “With everything happening in the world right now – people are fighting for their lives, concerned about their health, trying to keep their loved ones safe, all while trying to put food on the table – the pandemic that we’re experiencing has, without a doubt, had a dramatic effect on the global economy and businesses of all sizes, including Huda Beauty.
“Our teams are, and always have been, at the heart of everything we do at Huda Beauty. We’re a family business and we consider each and every member of our team to be a part of our family.”
Kattan’s company Huda Beauty boasts products ranging from false lashes to skin foundations and eyeshadow palettes. The now-mega influencer initially gained fame on YouTube in 2010 after sharing free make up tips and tricks, swiftly garnering millions of followers due to her maintaining credibility with little to no sponsorships or advertising.
Founded in 2013, Huda Beauty was valued at $1.2 billion as of 2019 and currently employs 267 people.
Kattan owns 51 percent of the business, with the remainder owned by her family or set aside for an employee option pool.
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