Marissa Shipman, widely recognized as the founder of theBalm Cosmetics, has made significant strides in the beauty industry with her innovative and eco-friendly products.
Beyond her entrepreneurial achievements, she is also known as the wife of Andre Hakkak, the CEO of White Oak Global Advisors. Together, they form a dynamic duo, each excelling in their respective fields.
Early Life and Education
Born and raised in New York City, Marissa Shipman exhibited a passion for beauty and entrepreneurship from a young age.
She pursued higher education at Tulane University, where she honed her skills in business and marketing, laying the foundation for her future endeavors.
The Genesis of theBalm Cosmetics
In 2004, driven by a desire to create high-quality, multi-functional beauty products, Marissa founded theBalm Cosmetics.
The brand quickly gained recognition for its cruelty-free and paraben-free formulations, coupled with vintage-inspired packaging that resonated with consumers seeking both style and substance.
Key Highlights of theBalm Cosmetics:
- Product Range: From talc-free powders to versatile lip and cheek tints, theBalm offers a comprehensive line of cosmetics designed for the modern woman.
- Ethical Commitment: The brand maintains a steadfast commitment to sustainable and eco-friendly manufacturing practices, ensuring that beauty doesn’t come at the expense of the environment.
- Financial Growth: By 2024, theBalm reported a revenue of $24.9 million, reflecting its strong market presence and consumer loyalty.
Personal Life and Partnership with Andre Hakkak
Marissa’s personal life is marked by her partnership with Andre Hakkak, a prominent figure in the finance sector. Their relationship exemplifies mutual support and shared values, contributing to their individual and collective successes.
Who is Andre Hakkak?
Andre Hakkak is the CEO and co-founder of White Oak Global Advisors, an investment firm specializing in providing financing solutions to businesses across various industries.
His leadership and vision have been instrumental in the firm’s growth and reputation in the financial sector.
Philanthropy and Advocacy
Beyond her business pursuits, Marissa is deeply committed to women’s empowerment and community support.
She serves on the board of Project Glimmer, a non-profit organization dedicated to inspiring and empowering young women across the United States. Through this role, she actively contributes to initiatives that provide resources and opportunities for underserved communities.
Real Estate Ventures
In addition to their professional and philanthropic endeavors, Marissa and Andre have made notable investments in luxury real estate.
Notable Transactions:
- Gables Estates Mansion: In 2024, the couple sold this opulent property for $13.6 million, marking a significant transaction in the luxury real estate market.
- Pinecrest Mansion: Following the sale, they acquired the Pinecrest Mansion for $14.3 million, further cementing their presence in high-end real estate.
Conclusion
Marissa Shipman’s journey from a passionate entrepreneur to a leading figure in the beauty industry showcases her dedication, innovation, and commitment to ethical practices.
Her partnership with Andre Hakkak adds another layer to her multifaceted life, blending business acumen with a shared vision for community impact. Together, they exemplify the synergy between the financial and beauty industries, making significant contributions to both sectors.
