Scott-Vincent Borba Net Worth: Founder of e.l.f. Cosmetics and Ex-Boyfriend of Demi Moore

Net Worth $5 Million (Est.)
Born June 23, 1973
Gender Male
Height N/A
Country of Origin USA
Source of Wealth e.l.f. Cosmetics

The American celebrity esthetician Scott-Vincent Borba is a multi-faceted personality. He is also a founder of e.l.f. Cosmetics.

If you are curious about Scott-Vincent Borba’s net worth, as he is someone involved in multiple fields, then keep reading until the end.

Who Is Scott-Vincent Borba?

  • Borba went to Santa Clara University and studied Bachelor of Science in Psychology.
  • He initially worked as Lead Marketing Manager for various global brands.
  • Scott founded Borba Inc. in January 2004.
  • Later, he co-founded e.l.f. Cosmetics in January 2005.
  • e.l.f. is short for eyes, lips, and face.

Borba’s Background

Borba is the youngest of five siblings. Scott-Vincent Borba’s parents are Evelyn Ann Borba and Anthony Robert Borba Sr.

During his youth, Scott suffered from cystic acne, rosacea, and weight problems. This could be the reason for his inclination towards skincare and beauty.

Borba is also a successful model who has participated in runway fashion shows for Calvin Klein and Versace.

Scott-Vincent Borba graduated from the University of Santa Clara, moved to Los Angeles, California, and became a licensed esthetician.

READ MORE: The Founder Of Carmex Lip Balm, Alfred Woelbing’s Net Worth

Co-Founder of the e.l.f. Cosmetics

If you think partying won’t lead you anywhere, then the story of how Borba ended up founding e.l.f Cosmetics will compel you to plan a party tonight.

Back in 2002, Scott, who at the time was a marketing executive, met a business student, Joseph Shamah, at a party in LA.

Upon talking, the duo came up with the idea of creating a lower-cost beauty products brand.

A couple of months later, Shamah and Borba came up with a business plan with the help of Joseph’s father, Alan Shamah. Hence, the billion-dollar brand was formed.

Learn about another much-loved beauty brand, Milani Cosmetics founder Larie Minc‘s net worth.

e.l.f. Cosmetics is known for its minimal markups and is a vegan and cruelty-free beauty brand.

The drugstore brand has become the favorite of many. The brand offers products whose price range from $2, making it everyone’s go-to makeup brand.

Scott-Vincent Borba’s Net Worth

Scott has maintained a healthy balance between his personal and professional life. After succeeding in creating a huge brand, many are curious to know Borba’s story.

People are mostly curious about Scott-Vincent Borba’s net worth; we are here to break it down for you.

To know about Borba’s wealth, let’s know what the brand he built is worth now. According to Stock Analysise.l.f. has a net worth of $5.08 billion as of April 21, 2023.

However, there has been no exact revelation of Scott-Vincent Borba’s fortune. But we can have a tentative idea of his wealth as a founder of billion dollar brand.

One thing is for sure Scott-Vincent Borba’s wealth is worth millions, and he is easily one of the richest people in the makeup industry.

Finds His True Calling Somewhere Else

An unexpected plot twist occurred when the co-creator of e.l.f. Cosmetics revealed his true calling isn’t in the beauty business.

In 2019, during an interview with CBS 47, Scott revealed his intention to give up his riches and is willing to become a priest.

Borba also talked about donating profits from his close-out sale on his website to an organization called “Mary’s Meals,” dedicated to feeding the needy.

Relationship Timeline

Besides business, net worth, and career, another aspect of Borba that people are curious about is his relationship.

Scott-Vincent Borba was reportedly linked to Ashton Kutcher‘s ex-wife, Demi Moore. While RadarOnline claimed they have a romantic relationship, Daily Mail revealed their relationship to be just platonic.

Borba refused to comment on the rumors about his and Moore’s relationship, stating he does not comment on his personal life.

The founder of e.l.f. is known for maintaining his personal life outside of the media’s attention.

There’s been no information whatsoever regarding his love life. Hence, it is safe to say that Scott-Vincent Borba is currently single.

We wish the e.l.f. Cosmetics founder all the best for his future endeavors and hope to see the brand’s further success.

Lifestyle and Assets

The millionaire Scott-Vincent Borba is very low-key about his private life and seldom shares his personal details.

However, knowing his wealth is in the millions, we can assume Borba is living a comfortable life and have accumulated an astounding amount of wealth and assets.

Trivia and Facts

  • Borba is also an author. He published his first book, Makeup for Dummies, in 2007, followed by two others.
  • In 2014, TPG Cosmetics purchased a majority stake in e.l.f.
  • Scott-Vincent Borba is a spokesperson for the nonprofit organization Covenant House California.

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