LEMON DROP | The Man Behind Hailey Bieber's $1 Billion Rhode Deal

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The Don Lemon Show 24 min 2 speakers 6 chapters transcribed 2 months ago
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Don Lemon 0:13
Hello, everyone. Welcome to a very special edition of the Don Lemon Show. Today, I have the honor of chatting with one of the most beautiful men and the most successful men and brilliant men in business. And I don't mean just in the business that I'm talking about that he's dealing with, but in business in general, and one who has made major headlines right now. I'm talking about Ron Robinson. Ron is an award-winning cosmetic chemist and the founder and CEO of BeautyStat. He also happens to be a key advisor to Rode. Rode is a lifestyle brand started by Haley Bieber that was just sold for a whopping $1 billion.
Ron Robinson 0:48
I feel like we remember $1 billion. Ron, thank you. Don, thank you. I appreciate that. Thank you.
Don Lemon 0:54
Thank you so much. Beautiful, brilliant, smart intellect. Thank you. Look, I'm so proud of you. Thank you. I'm so proud of you. When I read this, I was like, this is really great, and this man needs to be Profiled, elevated.
Ron Robinson 1:07
Appreciate that, Don.
Don Lemon 1:08
All of your flowers in the moment. I want to get down to brass tacks. Okay. $1 billion. How does it feel to be the man behind such a huge, huge deal? And how did this go down?
Ron Robinson 1:17
Well, this deal has shook the beauty industry and the business industry worldwide. It's been a phenomenon because it hasn't been the biggest deal ever, but it's the fastest. It's the fastest brand that's gone from zero to $1 billion in less than three years. Wow.
Don Lemon 1:33
Less than three years. Less than three years. That is beyond like Kardashian levels.
Ron Robinson 1:38
That is fast. That is super fast. And I'm just thrilled to be part of the ride.
Don Lemon 1:43
How did that happen? Why so quickly?
Ron Robinson 1:44
Well, first of all, I think Hailey had this brilliant idea about this brand, Rode. She had a vision for it. And she had the followers. She had the fact that she loved skincare and her followers loved her, but she needed some cred. And I think she wanted to partner with a cosmetic chemist like myself that is a veteran, tons of experience, and could add value and cred to this brand road.
Don Lemon 2:08
Yeah. We're going to get back to that because I'm going to talk to you about brand building. I used to hate that word, brand. You know what I mean?
Unknown 2:14
It's like, what are you, a Coca-Cola? Are you right?
Don Lemon 2:17
So listen, I've read this piece in Essence Magazine, and you have been referred to in Essence Magazine as the accidental cosmetic chemist.
Ron Robinson 2:25
Right.
Don Lemon 2:26
Accidental cosmetic chemist to now one of the most successful men in the beauty business. How did that happen? Why is it accidental? Because you're a med school dropout?
Ron Robinson 2:33
Yeah, that's it. My parents wanted me to become a doctor. And that was the only profession they really recognized. So I happened to do well in sciences. So pre-med, graduated magna cum laude from university, went to med school because they didn't know what else I wanted to do, realized it was not for me, and I dropped out. They were disappointed, very disappointed in me.
Don Lemon 2:56
Were you disappointed in yourself?
Ron Robinson 2:58
I was. I just felt lost. I didn't know what else to do. So this is back in the late 80s before the internet. So when you applied for a job, you had to use the classifieds. You had to fold your resume and put it in the mail. And I didn't know what else to do. So I applied for jobs as a cosmetic chemist because –

How did Hailey Bieber’s Rhode reach a $1 billion sale in under three years?

Ron Robinson 3:15
That's what I studied in school, chemistry. And Estee Lauder Clinique, division of Estee Lauder Companies, hired me. So back in 1990, I became a cosmetic chemist by accident. Yeah.
Don Lemon 3:28
So this overnight success, right?
Ron Robinson 3:30
Right. 35 years. 35 years.
Don Lemon 3:32
And often that's what usually happens. It's like overnight sensation. Like I've been working on this for a long, long time. Long time. Did you ever think that when you became an accidental cosmetic chemist that you would ever get to this point with a billion dollar deal?
Ron Robinson 3:46
No way. Because keep in mind, I'm this nerd with the thick glasses, lab coat in the lab, formulating products. the Band-Aid around the glasses, holding it together. And now we're in an age where consumers are recognizing experts. And I evolved into this beauty entrepreneur, starting my own brand, BeautyStat, and now being front-facing and really helping consumers understand I'm educating.

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