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The people who built Britain’s companies · November 2026

Beauty / cosmetics

Charlotte Tilbury Beauty

Her 'makeup wardrobe' idea sold complete looks, and Magic Cream, developed backstage, became a hero product.

At thirteen, Charlotte Tilbury was sent back to England alone. She had lived nearly all her life in Ibiza, where her parents, an artist father and a production-manager mother, had taken the family when she was nine months old. Now she was a boarding pupil at a Rudolf Steiner school in Sussex.

That is where the makeup began. In a school with few mirrors to hide behind, she started experimenting with colours and advising friends on what suited them. She had been born in Kensington, in February 1973, but the island had shaped her first.

A YouTube channel gave her an audience before she had a store; her 'makeup wardrobe' idea sold shoppers the whole look instead of one lipstick.

At eleven, while in the US, she had met Mary Greenwell, a makeup artist who would later become her mentor. Tilbury has called her incredible. After the Glauca Rossi School of Makeup she began assisting Greenwell, and then worked her way up in fashion: Vogue, Vanity Fair, show makeup director at Fashion Week.

Backstage was the laboratory. During years of shows she formulated the cream that would become Magic Cream, and she learned what models and designers wanted in the ninety seconds between a look and the runway.

What almost nobody saw was how long that apprenticeship lasted. She was not an overnight founder. By 2013 she was forty, a working artist with a career, when she launched Charlotte Tilbury Beauty at Selfridges in London. A YouTube channel gave her an audience before she had a store; her 'makeup wardrobe' idea sold shoppers the whole look instead of one lipstick.

The price of brand success is imitation. In 2019 she won a lawsuit against Aldi over a copied product. A year later, in June 2020, Spanish group Puig bought a majority stake. Tilbury kept a significant minority share and stayed on as chair, president and chief creative officer, and joined Puig's executive committee. Wikipedia estimates her net worth at £350m as of March 2025.

The quiet takeaway is that the fashion world's backstage had been her business school. She spent decades learning exactly what women wanted to feel in the mirror, and only then did she put a name on a jar.

The Chronology year by year

  1. 2013
    • launched at Selfridges
  2. 2014
    • marries George Waud
  3. 2018
    • MBE
  4. 2019
    • wins Aldi dupe lawsuit
  5. 2020
    • Puig takes majority
  6. 2024
    • sponsors F1 Academy

The Money Trail how it was funded

  1. 2013 launched with Sean Bennett as CEO
  2. Jun 2020 Puig buys majority stake

Principal backers: Puig (majority from 2020)

The Close Calls what nearly broke it

  • Early years: building a prestige brand against giants with a YouTube-led following
  • 2019: product copying by supermarket dupes
  • 2020: pandemic-period sale to Puig

In Their Own Words from the record

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Startup Talk · Preview edition · Figures are from public sources and may be out of date
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