Marissa Shipman, aged 47, is far more than just the wife of Andre Hakkak, the co-founder and CEO of White Oak Global Advisors. With a net worth of approximately $20 million in 2025, she has cemented her place in the beauty industry as a visionary entrepreneur. Marissa is a proud mother of two children and a driving force behind sustainable beauty. Her husband, Andre, whose business acumen has contributed significantly to the finance sector, complements her success, making them one of the most dynamic power couples in business today.
Key Takeaways
- Unwavering Support: Andre Hakkak’s steadfast backing has been instrumental in Marissa Shipman’s journey toward becoming a cosmetics mogul.
- Innovative Leadership: Marissa’s focus on cruelty-free, sustainable products has set theBalm apart in a competitive market.
- Philanthropic Impact: Through Project Glimmer, Marissa continues to inspire and empower young women nationwide.
- Strategic Partnership: The couple’s harmonious blend of creativity and financial acumen underscores their status as a true power duo.
- Resilience: From Julep’s challenges to theBalm’s success, Marissa’s story is a testament to perseverance and adaptability.
A Love Story Rooted in Ambition
Marissa and Andre’s love story began during the formative years of their respective careers. While Andre was building his reputation in the financial world, Marissa was exploring her entrepreneurial aspirations. Their shared values of perseverance and innovation forged a bond that has stood the test of time. Andre, now 51, has always been a staunch supporter of Marissa’s ventures, often crediting her creativity and determination for their shared success.
Marissa’s Entrepreneurial Journey
Born and raised in New York City, Marissa Shipman’s academic foundation at Tulane University laid the groundwork for her future endeavors. Her first major venture was co-founding Julep Beauty Inc. with Jane Park in 2007. Although Julep faced challenges and eventual setbacks, Marissa’s resilience led her to establish theBalm Cosmetics. Starting as a small, home-based operation 15 years ago, theBalm has blossomed into a leading cosmetics brand known for its cruelty-free, high-quality products.
The Rise of theBalm Cosmetics
Under Marissa’s leadership, theBalm has revolutionized the beauty industry with its unique approach to product development. The brand’s emphasis on sustainability and inclusivity has struck a chord with consumers. Offering over 100 products, including talc-free powders and vibrant lip balms, theBalm now generates annual revenue of $24.9 million as of 2024. With exports to more than 100 countries, the company has become a global contender, although Marissa aims to expand its market share further.
Philanthropy and Personal Passions
Marissa’s impact extends beyond business. As a board member of Project Glimmer, a non-profit organization, she advocates for empowering young women and teenagers across the U.S. Her contributions to the organization have facilitated life-changing initiatives, such as providing prom gifts and mentorship programs. In her downtime, Marissa indulges in painting and actively champions women’s empowerment in various forums.
A Power Couple in Harmony
Marissa and Andre Hakkak exemplify a balanced partnership. While Marissa’s creative flair drives her success in the beauty industry, Andre’s financial expertise has made him a stalwart in investment banking. Together, they have blended their unique strengths to create a narrative of mutual support and shared achievements. Their collaboration during the early days of Julep highlighted their ability to merge Andre’s strategic thinking with Marissa’s innovative product designs. This synergy not only benefited their business ventures but also strengthened their personal relationship.
The Controversial Real Estate Moves
In 2020, the couple sold their Gables Estates Mansion for $13.6 million, only to purchase the iconic Pinecrest Mansion for $14.3 million soon after. This move drew significant public attention, marking the largest residential sale in American real estate history at the time. The Pinecrest Mansion, with its sprawling architecture and luxurious amenities, reflects their penchant for excellence and strategic investments.
Navigating Challenges Together
Despite their impressive portfolio of achievements, Marissa and Andre have faced their fair share of challenges. The closure of Julep Beauty Inc. was a testing phase, but Marissa’s determination to bounce back with theBalm underscored her resilience. Andre’s unwavering support during this period showcased the depth of their partnership, proving that they’re stronger together.
Conclusion
Marissa Shipman’s journey is a shining example of turning adversity into opportunity. With Andre Hakkak by her side, she has not only redefined the beauty industry but also demonstrated the potential of a strong, supportive partnership. Together, they continue to inspire with their commitment to personal and professional growth. The tale of Marissa and Andre is a masterclass in balancing ambition with love, making their story a beacon of hope for aspiring entrepreneurs and couples worldwide.