Forbes announces top self-made women

There’s a world of women out there that have worked their way to the top of their respective industries — that’s what Forbes’ list of America’s Richest Self-Made Women reminds us.

Announced on June 1, the magazine’s cover features nine of the list’s top-earners, including clothier Nasty Gal‘s Sophia Amoruso, Hewlett Packard‘s Meg Whitman and makeup company NYX‘s Toni Ko.

In the top 10 self-made successes were “Doris Fisher, cofounder of the Gap, who came in at number three with a net worth of $2.4 billion, and Jin Sook Chang, cofounder of Forever 21, who was ranked number nine with a net worth of $1.9 billion,” according to WWD. Also in the top 10 was Oprah Winfrey, who settled at the No. 2 spot with a net worth of $3.1 billion, says WWD.

Out of the list’s top 60 earners, several come from the fashion world, including Tory Burch, who holds the 19 spot with a net worth of $750 million; Donna Karan, who sits at No. 31 with $450 million net worth; and Diane von Furstenburg, who holds the No. 43 spot at $340 million net worth, according to WWD.

The list also has a good showing of women in the technology industry, with WWD reporting that women like “HP’s Meg Whitman (number 6 at $2.1 billion); Facebook’s Sheryl Sandberg (number 14 at $1.4 billion); Yahoo’s Marisa Mayer (number 33 at $430 million), and YouTube’s Susan Wojcicki (number 40 at $350 million)” occupy a portion of the rankings.

But, sitting atop the list is Diane Hendricks, the owner of America’s largest wholesale distributor of roofing and siding ABC Supply, who is worth almost $4.9 billion, according to WWD and Forbes.

To decide which women make the list, Forbes says that while all women had to have made the majority of their earnings in the United States and be citizens or longtime residents, they also have to have a minimum of a $250 million net worth to be considered. The net worth values were compiled with help from outside experts.

Forbes also considered other factors in composing the list, explaining their methodology this way:

“In cases in which women started businesses with, and still share with, their husbands, Forbes assigned them half of that combined wealth. Forbes calculated the stakes in public companies using stock prices from May 13, 2016. For entertainers, they based estimates on net lifetime earnings.  Real estate, art and other assets were also factored in where applicable.”

 

 

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