Female entrepreneurs were once non-existent but now, in 2019, we are seeing more and more self-made businesswomen making their millions across a range of different areas.
From CEOs of giant tech companies to cosmetic ranges, women are becoming more dominant in the business world, year on year.
Some of the world’s richest women saw net worth increases between 2018 and 2019 and RS Components analysed this data in order to see how long it would take them to earn your annual salary.
So who is leading the way when it comes to female billionaires?
Diane Hendricks is the richest self-made woman at the age of 72. The self-made billionaire has a net worth of $6.3 billion which is three times that of the 5th richest self-made woman in the world Thai Lee.
Diane made her billions as co-founder and chairman of American roofing company ABC Supply, which she started in 1982 along with her husband.
The American businesswoman’s hourly earning is $91,324 which is $34,808 more than the US average yearly salary. This hourly figure amount to a whopping $2,191,781 a day!
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.
Diane Hendricks saw a wealth increase of $8 million last year.
Thai Lee is the second richest self-made woman who saw a net worth increase between 2018 and 2019 Her current network sits at $2.1 billion. The Thai-born Korean American billionaire businesswoman earns $1,369,863 per day or $951 a minute. Thai’s huge daily income is 24 times more than the US average yearly salary.
Making her billions as the co-owner, CEO and President of SHI International, a leading IT provider, Thai founded the company in November 1989 aged just 31.
Thai Lee’s wealth increase last year amounted to $5 million.
Speaking of age, Kylie Jenner is the youngest self-made billionaire aged just 22.
Kylie earns $190 every minute from her beauty retailer, Kylie Cosmetics which she launched back in 2015.
The Jenner sister comes in 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 of $1 million.
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.
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 whose combined wealth increase from 2018 – 2019 was $15.5 million in just one year.
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RS Components is the trading brand of Electrocomponents plc, the global distributor for engineers. Supporting & inspiring generations of engineers since 1937.