Women are becoming leaders in various facets of the economy including entrepreneurship and business management. Self-made entrepreneurs in the United States have had an accumulated wealth of up to $90 billion, helping to expand the leading organizations in the region.
The Covid-19 pandemic has favored entrepreneurs such as Kelly Steckelberg and Anastasia Soare regardless of some economic impact. Diane Hendricks, a roofing entrepreneur, has helped ABC supply company to grow into a large distributor of windows, siding, and roofing materials.
Whitney Wolfe Head
Whitney Wolfe became the president of Bumble, an online dating company, in 2019 and has a net worth of $675 million. Bumble Inc. operates the Bumble and Badoo dating apps. Bumble Inc was formed after Blackstone, a private equity firm, bought its previous owner Andrey Andreev, a deal that valued Bumble at $3 billion.
Bumble is unique in the sense that women are allowed to make the first move. The company became listed in the stock market in 2021. Wolfe Head, who owns about 13% of Bumble Inc., became the youngest American self-made female billionaire after the company went public. By September 2020, Bumble and Badoo had 42 million users, operating in 150 countries.
Rihanna is ranked the richest self-made woman with a net worth of $600 million. She runs the Fenty Beauty Company, a giant company that partners with LVMH, a large French luxury goods company run by Bernard Arnault. Fenty Beauty made sales of over $100 million a few weeks after it was launched, and this saw Rihanna earn 71 million followers on Instagram.
In addition to being the Fenty Beauty founder, Rihanna is also a singer and is ranked at the 33rd position in her career. Her success is attributed to the beauty business and the music. According to Forbes, the company’s sales were estimated at $ 600 in 2019. Her lingerie line that is co-owned by a company called Techstyle Fashion, raised additional capital of $ 50 million from its investors in 2019.
Rihanna’s Clara Lionel Foundation raised $22.5 million to support the victims of the Covid -19 pandemic and has donated over $8 million to the relief. She has been successful in the music industry and has made significant milestones from her makeup brand, Fenty Beauty. She is also a co-owner of Savage X Fenty lingerie with investors such as the Tech Fashion group.
Donna Carpenter has a net worth of $530 million and owns Burton Company with an estimated value of $300 million. Together with her late husband, Burton Jake, she has managed the Burton company, an apparel and snowboarding gear giant. Burton was founded in 1977 and is known for launching a modern snowboard and translating a hobby into a sport.
Donna became the CEO of the company in 2016 until February 2020, when she became the board chair. Burton’s offices are distributed across six countries and the company employs over 1,000 staff.
Donna’s leadership saw Burton become a corporation B certified in 2019, hence making it committed to maximizing profits. Today, Burton is a global accessory, snowboarding, and apparel entity that has sponsored many athletes, including Shaun White.
According to SpaceX, Gwynne Shotwell has a net worth of $290 million and was the eleventh employee of Elon Musk’s SpaceX. She joined the firm in 2002 and is the chief operating officer and the president of this dynamic Commercial Space organization.
In 2020, SpaceX launched approximately 600 satellites for Starlink, its internet product. The company’s project is aimed at increasing the speed of the internet globally. The company transported two NASA astronauts to a space station and raised additional funding of $1.9 billion.
This transition was valued at $46 billion. SpaceX has grown from an idea of allowing individuals to reside on other planets to a corporation employing over 6000 staff and a $46 billion worth of valuation. Gwynne, who is also an engineer, is responsible for the regular operations of SpaceX and has converted it into a highly valuable private company.
Kelly Steckelberg has a net worth of $255 million and has worked for leading companies such as Webex in the finance docket. She served as the CEO of Zoosk, a dating app, for 20 years before becoming the chief financial officer at Zoom Video Communications in 2017.
Her main role immediately after joining Zoom Video Communications was to prepare for the company’s IPO that was set for April 2019. The value of the company’s stock has soared from 2020 due to the pandemic and the massive use of the zoom app for meetings and other corporate activities.
Most of Kelly’s net worth is linked to the Zoom stock options as the value of zoom shares has risen significantly since the beginning of 2020.
Zoom was incorporated in 2011 and had its shares listed on Nasdaq in 2019.
Kris Jenner is estimated to be worth $ 190 million. She is a socialite, producer, media personality, and businesswoman. For every amount earned from the Kardashian Jenner family, Kris Jenner takes a 10% cut. The earnings are generated from the Beauty companies as well as licensing and modeling deals.
The venue is generated by Kim Kardashian West and deals with Coty, a giant company. Kris Jenner generates income as an executive producer in major TV shows titled “Keeping up with the Kardashians.” The TV series earns her a fortune of up to $ 100,000 for every episode.
Kris has a stake in a lucrative beauty line that was incorporated by her daughter. She is being celebrated uniquely and is developing an autobiography and cookbook and hosting a popular talk show.
The net worth is compiled by valuing individual assets such as ownership in various companies based on the prevailing market prices. Private companies are valued by holding consultations with industry experts and comparing their performance with public companies. Women in the above list have made a significant fortune in the United States. Some have climbed the leadership ladder, thereby overcoming the obstacles that many women face in their entrepreneurial journey.