Olive LuLaRoe – The Rise and Fall of LuLaRoe

Olive is a tulip-sleeve top that features shirring at the shoulders and has a straight hemline, fitting true to size.

LuLaRoe, the multilevel marketing company, is widely known for its buttery soft leggings and inclusive sizing options, but has recently been targeted with multiple lawsuits alleging it to be a pyramid scheme.

Personal Life

Olive lives in Utah with her husband and young son, and started LuLaRoe as a way to stay home with him while making extra money in 2016. She invested up to $20K into it during that first year alone; making over $10,000 sales. Unfortunately, sales have since dried up, forcing Olive to try selling what little stock she has left – her story will be documented in THE RISE AND FALL OF LULAROE documentary that premieres December 13th on discovery+; featuring experts such as Rick Ross (cult expert) and blogger Christina Hinks who was one of the first ones who exposed its inner workings as one of its key features.

Net Worth

A person’s net worth can be calculated as their assets minus liabilities, such as cash, retirement accounts, investment accounts, cars, real estate and anything else of value that has monetary worth. Liabilities might include mortgage payments or credit card debt as well as any financial obligations you’ve incurred.

As it can be hard to ascertain the Stidhams’ net worth, their legal battles may provide clues. One lawsuit brought by MyDyer alleging LuLaRoe owes millions in unpaid invoices provides insight.

No matter your income level, you can increase your net worth through consistent savings and investments that appreciate in value. Paying down debt also reduces liabilities. The Empower Personal DashboardTM is an invaluable resource for tracking and planning savings; click here to give it a free trial run!