THE TOP 10 SELF-MADE RICHEST WOMEN IN THE WORLD 2019

The emergence of female bosses came about a few years back, but women are now regularly taking on senior roles in big companies all over the world.

Whether it’s biotech, IT or cosmetics, the business world is full of successful and inspirational women.

Women are becoming more dominant in the business world year on year and taking top CEO roles and becoming more respected in positions of leadership.

Last year saw six female bosses in the FTSE 100, to name a few, Dame Carolyn McCall who was appointed CEO of ITV in 2017 and Alison Brittain became CEO of the Whitbread group which owns brands such as Costa Coffee and Premier Inn.

But which women are leading the way when it comes to their self-made riches?

The Forbes richest self-made women list this year consisted of 80 women from all over America.

Just four black women appeared in the 2019 top 60 Forbes list of American richest self-made women.

Some of these self-made women saw net worth increases between 2018 and 2019. Therefore, RS Components analysed those women in order to see how long it would take them to earn your annual salary.

As the data has revealed in the headline, some of the women can earn the US average salary in under an hour.

So, which of these self-made women are topping the female billionaire list? And how did their journeys start that lead them to their successes?

 

Dianne Hendricks

Coming in first place is Diane Hendricks, who is the richest self-made woman at the age of 72. She saw a wealth increase of $8 million last year alone.

The self-made billionaire has a net worth of $6.3 billion, which is over 2 times more than Lynda Resnick, 3 times more than Thai Lee and almost 4 times more than Peggy Cherng’s net worth.

Diane is of high school diploma level education, so after leaving school it took Dianne less than 20 years to become the co-founder of ABC Supply one of the largest wholesale distributors of roofing, siding and windows in America.

Compared with the richest self-made women Diane Hendricks, Kylie’s daily earning of $273,973, does not seem a lot. However, the billionaire earns almost $2,000,000 ($1,917,808) more per day is 50 years older than Kylie.

The American businesswoman’s hourly earning is $91,324 which is $34,808 more than the US average yearly salary. With the average hourly US wage currently sitting at $28.11, it would take someone on this wage, who worked the average 8 hour day, 406 days to earn what Dianne earns in one day.

This hourly figure amounts to a whopping $2,191,781 a day!

Dianne Hendricks once said “I don’t have heroes, exactly, but I do have people I hold in high respect. Ronald Reagan, for example, stood for ideals that I value: integrity, patriotism and a fundamental belief in goodness and capabilities of mankind”

It would take the richest self-made woman 37 minutes to earn the US average salary of $56,516 and just 28 minutes to earn the UK average salary of £35,432.

 

Thai Lee

Thai Lee is the second richest self-made woman who saw a net worth increase between 2018 and 2019 of $5 million. Her current net worth sits at $2.1 billion and the Thai-born Korean American billionaire earns $1,369,863 per day or $951 a minute. This said, it would take an American on the average wage working 8 hours a day over 4 days to earn what Thai earns in a minute.

Thai’s huge daily income is 24 times more than the US average yearly salary.

Thai Lee has always been a family focused woman but was always driven and aspired to have her own business by age 30. The inspiring woman once said, “I knew that I wanted to prepare myself, so I allotted myself some time: My entire 20s, I was going to learn all about business.”

 

Lynda Resnick 

Coming in third place if Lynda Resnick who saw a net worth increase of $400,000,000 between 2018 and 2019. Resnick is the owner of the Wonderful Company, a healthy food and drink brand which brought her to the net worth of $2.8 billion. Aged 76, the female billionaire businesswoman earns a whopping $1,095,890 per day, $45,662 per hour and $761 every minute. Lynda was a former child actress, but dropped out of community college and started her own advertising agency at 19 years old.

 

Peggy Cherng

Peggy Cherng comes in fourth place with a net worth of $1.7 billion however saw a huge net worth increase from 2018 to 2019 of $300,000,000 in just one year! Peggy Cherng is co-CEO of the $3.5 billion (sales) Chinese fast food chain Panda Express, which has over 2,200 locations. The self-made billionaire has a Master of Science from the University of Missouri and a Ph.D from the University of Missouri. In March 2017 the Cherngs donated $30 million to Caltech’s medical engineering department. Cherng is married with three children and lives in Las Vegas, Nevada.

 

Anne Wojocicki

Anne Wojocicki is the second youngest self-made billionaire that saw a net worth increase between 2018 and 2019. That net worth increase was a quarter of a million dollars ($250,000,000). Anne Wojcicki is the cofounder and CEO of 23andMe, a pioneering direct-to-consumer DNA testing firm based in Mountain View, California. The former Wall Street analyst, Wojcicki teamed up with co founders Linda Avey and Paul Cusenza to start DNA testing company 23andMe in 2006. 23andMe got a $300 million investment from GSK, formerly GlaxoSmithKline, in July 2018; they are partnering on drug development. Wojocicki earns $476 per minute, which works out as $28,539 per hour or $684,932 per day.

 

Meg Whitman

Meg Whitman is best known for taking eBay from $5.7 million to $8 billion in sales as CEO from 1998 to 2008. Previously, Meg was CEO of Hewlett-Packard from 2011 to 2015, which lead to her wealth. Meg currently sits on a huge net worth of $3.4 billion, with a daily earning of $547,945 and between 2018 and 2019 she saw a net worth increase of $200,000,000. Whitman has a Master of Business Administration from Harvard Business School and previously studied at Princeton University were she gained a Bachelor of Arts/Science.

 

Gail Miller

With a net worth of $1.4 billion, aged 76, Gail Miller comes in 7th place. Miller saw a net worth increase between 2018 and 2019 of $200,000,000. The owner and chairman of the board of the Larry H. Miller Management Corporation, daily earning is a huge $547,945. Gail Miller and husband Larry (d. 2009) turned a single Toyota dealership into a $5.1 billion (estimated 2018 sales) operation with 64 dealerships. Now aged 75, the self-made billionaire is married with 5 children and lives in Salt Lake City, Utah.

 

Judy Falkner

Coming in 8th place is Judy Falkner, who is the Founder of the leading medical-record software provider, Epic. With a net worth of $3.6 billion, the 76 year old businesswoman found the company in a Wisconsin basement in 1979. Falkner is married with three children and her current residence is in Wisconsin. Faulkner signed the Giving Pledge in 2015 and has agreed to eventually gift 99% of her stake in Epic to a private charitable foundation. Like Kylie Jenner, Judy earns $190 every minute!

 

Alice Schwartz

Alice Schwartz is the ninth richest self-made woman in the world who saw a net worth between 2018 and 2019. Her net worth sits at $1.1 billion and last year alone, Alice saw a net worth increase of $100,000,000. Aged 93, Alice made her money as Founder of Bio-Rad Laboratories, a provider of clinical diagnostics. Schwartz was widowed in 2012, but remains on the board of Bio-Rad with an 11% stake; her son Norman is chairman and CEO.

 

Kylie Jenner

Kylie Jenner is the youngest self-made billionaire aged just 22 and saw a wealth increase last year of $1 million. Kylie earns $190 every minute from her beauty retailer Kylie Cosmetics which she launched back in 2015. The Jenner sister comes 23rd in the world of richest self-made women but 10th in the list of women who saw a net worth increase between 2018 and 2019.

The 22-year-old businesswoman is also a trend setter and has a huge following all over the world. Kylie took her love of makeup and turned it into a business, she once said, “I never even knew that you can really turn your passion into a business, you know. I just followed my heart and went with how I felt. Now I just feel so blessed every day to wake up, have fun doing what I love and make a career out of it. It’s amazing!”

 

Oprah Winfrey is the richest self-made black woman with a net worth of $2.6billion. The American media executive, actress, talk show host, television producer and philanthropist rose to fame after hosting her first TV chat show in 1976 People are Talking. She stayed there for eight years before she was offered her own morning chat show by a Chicago TV station.

However, according to Forbes, Oprah saw a three hundred million dollar drop in her net worth last year where her net worth fell from $2.8 billion to $2.5 billion. Nevertheless, Oprah still came 10th in the list of America’s richest self-made women.

Sheila Johnson, who also made her money from TV came in 31st place of richest self-made women, with a net worth of $820 million. The 70-year-old businesswoman co-founded the TV channel Black Entertainment Network in 1979. Last year Sheila saw a 60 million increase in her net worth from $760 million to $820 million. In a day Sheila earns $164,383 which is almost three times the average US yearly salary of $56,516.

Popstar Rihanna comes in 37th place with a net worth of $600 million. The 31-year-old made her millions from her career in music and her cosmetics ranges. Rihanna saw a huge increase in her net worth last year making $390 million. This major increase could be linked to her launching a new, Paris based, fashion house, Fenty in May 2019.

Based on this increase Rihanna makes $1,068,496 a day which is almost 19 times more than the yearly salary in the USA.

Janice Bryant Howroyd comes in 53rd place with a net worth of $390 million. The 67-year-old self made millionaire is the CEO of The ActOne Group, the largest privately help, monitoring woman-owned personnel company founded in the US. Janice was also the first African American Woman to build and own a billion-dollar company.

How does your salary compare to the richest self-made women? Use RS Components’ new interactive tool to find out how long it would take them to earn your salary.

 

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