Spanx billionaire learns not to use this word in UK

Wednesday, 16 Oct 2013 | 10:10 AM ET
Spanx founder's very embarrassing BBC moment
Wednesday, 16 Oct 2013 | 8:28 AM ET
In a live interview on CNBC's "Squawk Box," Sara Blakely recounts a very embarrassing moment during a BBC interview as she was promoting Spanx undergarments for women.

Sitting next to Warren Buffett for a live interview on CNBC's "Squawk Box," Sara Blakely, the inventor of Spanx and founder of the women's undergarment company that's made her a billionaire, recounts an embarrassing BBC interview in which she used a word that has a very different meaning in England than it has in the U.S.

Spanx founder's butt her inspiration (full interview)
Spanx founder and inventor Sara Blakely shares that she started her multibillion-dollar business by cutting the feet out of control-top pantyhose. She was selling fax machines when she came up with the idea for Spanx. Blakely is the reason you have to be bullish on America, says Warren Buffett.

That's not all she spoke about, of course. Here's a clip of the entire lively and entertaining interview, including why her father encouraged her to fail when she was a child and Warren Buffett's words of praise for her.

Contact U.S.


    Get the best of CNBC in your inbox

    › Learn More

CNBC TV Worldwide

  • The business themed reality series features the sharks -- tough, self-made, multi-millionaire and billionaire tycoons – who give budding entrepreneurs the chance to make their dreams come true and potentially secure business deals that could make them millionaires.

  • In each episode, self-made multimillionaire Marcus Lemonis will step in to save struggling businesses while investing his own cash in the process.

  • CNBC's “Money Talks” takes viewers inside the world of Steve Stevens, a sports handicapper who runs VIP Sports out of Las Vegas.