Marissa Shipman’s journey in the cosmetics industry is one of entrepreneurial determination, creativity, and dedication to sustainable beauty. Known for her successful launch of theBalm Cosmetics and her work with Julep Beauty Inc., Shipman is a pioneering figure in cruelty-free beauty and environmentally friendly practices.
Married to Andre Hakkak, CEO of White Oak Global Advisors, the two have emerged as a power couple in finance and beauty. This article delves into Marissa’s inspiring story, her accomplishments, her relationship with Andre, and their shared life in business and philanthropy.
Who Is Marissa Shipman?
Born in New York City, Marissa Shipman displayed an early interest in beauty. Her upbringing in the bustling, diverse environment of the city contributed to her exposure to various cultures, trends, and styles. Though Marissa always felt drawn to beauty and cosmetics, it wasn’t until later that she decided to pursue it as a career.
Following her initial academic pursuits, Marissa attended Tulane University, where she studied psychology—a foundation that would later inform her approach to creating products that appeal to a broad and emotionally engaged audience.
Path to Entrepreneurship
After college, Shipman explored various job opportunities, none of which fully satisfied her growing passion for beauty. Eventually, she decided to bridge the gap in the market by starting her own company.
Shipman sought to create a line of cruelty-free cosmetics that combined quality, affordability, and fun branding. This vision led to her development of theBalm Cosmetics.
I wanted to create products that were simple, effective, and appealing to people of all ages, Marissa once shared in an interview. Her approach to product formulation and branding reflects her commitment to accessibility and quality in the cosmetics industry.
The Rise of theBalm Cosmetics
Foundation and Early Success
Founded in San Francisco, theBalm Cosmetics has established itself as a beloved, innovative brand. From the beginning, theBalm emphasized cruelty-free and sustainable practices, setting it apart from competitors in an increasingly conscious market. Marissa launched the company with only a handful of products but quickly gained attention for her lip balm and talc-free powders.
| Year | Milestone |
| 2004 | Founded theBalm Cosmetics |
| 2010 | Expanded to international markets |
| 2018 | Launched sustainable packaging initiatives |
| 2024 | Achieved revenue of $24.9 million |
Today, theBalm products are available in 100 countries, with the brand achieving $24.9 million in revenue in 2024.
Unique Products and Brand Philosophy
Some of theBalm’s best-known products include the Mary-Lou Manizer highlighter, Nude Tude eyeshadow palette, and a range of multi-functional makeup items. These products are designed to cater to individuals who want versatility in their cosmetics without compromising quality.
The brand’s philosophy focuses on creating accessible, eco-friendly products. Every item is carefully formulated without harmful ingredients, emphasizing natural and ethical sourcing. Sustainable and environment-friendly manufacturing has remained at the core of theBalm’s operations.
Marissa Shipman and Andre Hakkak: The Power Couple in Business
Andre Hakkak serves as the CEO of White Oak Global Advisors, a financial company specializing in investment solutions and asset management. With an impressive background in finance, Andre’s work is instrumental in providing small and mid-sized companies with growth capital. His financial expertise complements Marissa’s entrepreneurial spirit, making them an influential duo across their respective fields.
| Name | Role | Company |
| Andre Hakkak | CEO | White Oak Global Advisors |
| Marissa Shipman | Founder | theBalm Cosmetics |
Partnership Dynamics: Marissa and Andre
While Marissa Shipman builds and expands her brand, Andre’s background in finance has provided invaluable support in navigating the complex financial aspects of running a global business. As a team, they exemplify a business power couple with a balance between personal and professional life.
Together, Marissa and Andre have contributed to Project Glimmer, a non-profit dedicated to empowering young women. As a board member of the organization, Marissa advocates for women’s empowerment and mentorship programs.
The Sale of the Gables Estates Mansion
In recent years, Marissa and Andre gained media attention for their real estate investments, notably the sale of their Gables Estates Mansion for $13.6 million. Located in a prestigious area, the mansion featured luxurious amenities and was a true embodiment of high-end residential design.
| Property | Location | Sale Price |
| Gables Estates Mansion | Exclusive estate in Miami | $13.6 million |
| Pinecrest Mansion | Pinecrest, FL | $14.3 million |
The couple later acquired the Pinecrest Mansion for $14.3 million, setting a record for one of the biggest residential sales in American real estate.
Public Perception and Media Attention
The sale of the Gables Estates Mansion captured media attention, both for the luxury of the property and its association with a high-profile couple like Marissa and Andre. This move was interpreted as part of the couple’s evolving lifestyle, potentially signaling future shifts in their business ventures or personal interests.
READ THIS BLOG : Eric Mays Net Worth: The Controversial Flint Politician’s Fortune and Influence
Lessons from Marissa Shipman’s Success
Marissa Shipman’s journey provides several lessons in entrepreneurship and brand-building:
- Identify Market Gaps: Shipman built her brand around a gap she noticed—affordable, cruelty-free cosmetics with high appeal. Recognizing unfulfilled consumer needs is essential for any aspiring entrepreneur.
- Embrace Sustainability: Shipman’s dedication to sustainable practices positioned theBalm as a socially responsible brand. Her efforts are in line with the growing demand for environment-friendly manufacturing.
- Prioritize Product Quality: Quality and simplicity remain at the heart of Marissa’s business. Every product is designed to be both practical and effective, aligning with consumer needs.
- Balance Innovation with Core Values: Shipman’s expansion of theBalm didn’t compromise her commitment to cruelty-free cosmetics, showcasing her focus on ethical beauty.
| Lesson | Application |
| Identify Market Gaps | Launch products that address unmet consumer needs. |
| Embrace Sustainability | Use ethical practices to attract socially-conscious customers. |
| Prioritize Quality | Focus on creating effective, quality products. |
| Balance Innovation | Innovate while staying true to core values. |
Marissa Shipman’s Impact on the Cosmetics Industry
Influence on Modern Beauty Standards
Marissa’s work with theBalm and Julep Beauty Inc. (co-founded with Jane Park) demonstrates her ability to set trends and lead in ethical, affordable beauty. Her commitment to cruelty-free cosmetics paved the way for more brands to adopt similar standards. Shipman’s influence on the beauty industry is evident through her commitment to sustainable packaging, multi-functional products, and a people-centric brand philosophy.
Empowerment Through Project Glimmer
Shipman’s role on the board of Project Glimmer aligns with her belief in women’s empowerment. This non-profit focuses on supporting young women and teens, providing mentorship and resources that enable them to reach their potential. Shipman’s involvement illustrates her dedication to social responsibility beyond her business ventures.
Conclusion
Marissa Shipman’s journey from aspiring entrepreneur to cosmetics industry leader is a story of determination, innovation, and integrity. Her influence on cruelty-free cosmetics and environmentally friendly manufacturing has made her a role model in the beauty industry, while her partnership with Andre Hakkak exemplifies a balanced and supportive business relationship.
From her successful brand theBalm Cosmetics to her impactful role in Project Glimmer, Marissa Shipman continues to redefine what it means to be a woman in business. Together, Marissa and Andre are not only an example of personal and professional success but also leaders inspiring change within their industries. Their legacy is one of growth, social responsibility, and the continued pursuit of excellence.
Frequently Asked Questions
Who is Marissa Shipman, and what is she known for?
Marissa Shipman is a beauty entrepreneur and founder of theBalm Cosmetics, recognized for her cruelty-free, sustainable beauty products.
What role does Andre Hakkak play in the finance world?
Andre Hakkak is the CEO of White Oak Global Advisors, where he specializes in providing investment solutions and growth capital for mid-sized businesses.
How did Marissa Shipman start in the cosmetics industry?
Inspired by a gap in accessible, quality beauty products, Marissa launched theBalm Cosmetics with a focus on simplicity and ethical practices.
What makes theBalm Cosmetics unique?
theBalm stands out for its cruelty-free, eco-friendly products, including bestsellers like Mary-Lou Manizer and Nude Tude.
What is Project Glimmer, and how is Marissa involved?
Project Glimmer is a non-profit focused on empowering young women, with Marissa serving as a board member to support mentorship and growth programs.
Where is theBalm Cosmetics headquartered?
theBalm Cosmetics is headquartered in San Francisco, where Marissa Shipman runs operations and oversees brand growth.
What was the significance of the Gables Estates Mansion sale?
The couple’s sale of the Gables Estates Mansion for $13.6 million reflected a shift in their lifestyle and marked a notable event in high-profile real estate.
Brook with 5 years in celebrity styling. Transforms A-list looks into wearable trends.
Expert in red carpet glamour and everyday chic for the stars.
