Picture this: a flame-haired 47-year-old woman stands at the prow of a speedboat, racing toward $1 billion as the sun rises over the Balearic Sea. The hair is real, and the $1 billion is probable. The speedboat trip is unconfirmed.

“Life as a party, that’s what she brings to the room” is how one longtime friend describes Charlotte Tilbury, the exuberant makeup artist who has just sold her eponymous makeup brand to Spanish beauty-and-fashion conglomerate Puig for a reported $1.6 billion, placing her alongside such beauty powerhouses as Jean Paul Gaultier, Carolina Herrera, and Nina Ricci. The deal will likely net a tidy sum for Tilbury; her husband, George Waud; and her two children, Flynn and Valentine.