Women in Leadership

Did You Know That the Richest ‘Self-Made’ Woman Earns $91,324 Per-Hour?

Did You Know That the Richest 'Self-Made' Woman Earns $91,324 Per-Hour?

Find out who the richest ‘self-made’ women are, including their latest net worths and insightful quotes for motivation.

The emergence of female bosses came about some decades ago, 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 of 2019 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, our friends at 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

Diane Hendricks

(Image Source: Millyuns)

Coming in the 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 in 2018 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. 

Hendricks is of high school diploma level education, so after leaving school it took her 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.

Hendricks’ 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!

Hendricks is once quoted as saying:

“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.

Oprah Winfrey 

Oprah Winfrey Picture

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 called People are Talking.

Winfrey 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 in 2018 where her net worth fell from $2.8 billion to $2.5 billion. Nevertheless, she still came 10th in the list of America’s richest ‘self-made’ women. 

Winfrey grew up in poverty in rural Mississippi and has always been a determined woman.

She is once quoted as saying:

“I remember a specific moment, watching my grandmother hang the clothes on the line, and her saying to me, ‘you are going to have to learn to do this,’ and me being in that space of awareness and knowing that my life would not be the same as my grandmother’s life.”

Thai Lee

Thai Lee

(Image Source: Carnegie)

Thai Lee is the second richest ‘self-made’ woman who saw a net worth increase between 2018 and 2019 of $5 million.

Her 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 Lee earns in a minute. 

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

She has always been a family-focused woman but was always driven and aspired to have her own business by age 30.

Lee is once quoted as saying:

“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.”

Kylie Jenner

Kylie Jenner

Kylie Jenner is the youngest ‘self-made’ billionaire in their early twenties. Her net worth is $1 billion.

Jenner earns $190 every minute from her beauty retailer Kylie Cosmetics which she launched back in 2015.

The Jenner sister comes 23rd in the world’s 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 trendsetter and has a huge following all over the world.

Jenner took her love of makeup and turned it into a business.

She is once quoted as saying:

“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!”

Sheila Johnson

Sheila Johnson

(Image Source: Afro.com)

Sheila Johnson is one amongst the four black women who appeared in the Forbes list of the richest ‘self-made’ women.

Johnson made her money from TV when she cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert.

She placed 31st on Forbes’ richest ‘self-made’ women list of 2019, with a net worth of $820 million. 

Johnson is very pro-women and has a lot of confidence in other successful women.

She is once quoted as saying:

“There are a lot of male egos out there that cannot deal with highly successful women. And it’s their problem.”

In 2018 Johnson saw a $60 million increase in her net worth.

In a day she earns $164,383, which is almost three times the average US yearly salary of $56,516.

Rihanna

Rihanna

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 in 2018, making $390 million.

This major increase could be linked to her launching a new cosmetics range called Fenty in September 2017.

Rihanna is an inspirational pop artist and with a growing knowledge of the business world.

She is once quoted as saying:

“Keep your eyes on the finish line and not on the turmoil around you.”

Janice Bryant Howroyd

Janice Bryant Howroyd

(Image Source: AppleOne)

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 held, woman-owned personnel company founded in the US.

Howroyd was also the first African American Woman to build and own a billion-dollar company.

As a CEO, she is passionate about success and having a positive impact on other people.

Howroyd is once quoted as saying:

“Whatever you do in life, do enough to bless someone besides yourself.”

Other ‘self-made’ women who saw an increase in net worth between 2018 and 2019 include Lynda Resnick, Peggy Cherng, Anne Wojcicki, Meg Whitman, Gail Miller, Judy Faulkner, and Alice Schwartz to name a few. 

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. 

Also, how brighter would the future of our planet be if these women contributed more towards the most urgent Sustainable Development Goals?

Sustainable Development Goals for 2030, UNDP.

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