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The World’s Richest Self-Made Women Billionaires

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Contrary to popular belief, around three-quarters of today’s billionaires are actually self-made, and the percentage is growing, a complete reversal of the situation 50 years ago when statistics were first gathered, and proof if any were needed that hard work outweighs inherited wealth everytime. To put it another way, to maintain your net worth, you need to move with the times, not just leave your money in the bank, so to speak – interest earns you little at the moment anyway. In fact, the actual number of billionaires who inherited their total wealth fell by 75% in that period – in raw figures, around 75 are no longer billionaires.

woman making busines

However, perhaps unsurprisingly given that, until relatively recently, ‘the woman’s place was in the home’ even in western societies, the number of self-made women billionaires barely reaches double figures, and the richest doesn’t rank in the top 300. Surprisingly though, given cultural perceptions prevalent around the world, four of the top ten self-made women billionaires are Chinese including the richest, and three are currently resident in China. The rest are American.

The following is a list of the top 10 self-made women billionaires in the world, as of early 2016. Co-founders have not been included unless the company or organisation where they made their start was at zero. This is a snap-shot, as you would be aware that figures can change very rapidly when based on share market valuations.

10. Sara Blakely – $1 billion


[one_half]Sara Blakely[/one_half][one_half_last]

  • Born: 27 February 1971, Clearwater, Florida, USA
  • Nationality: American
  • Residence: Atlanta, Georgia
  • Start in Business: 2000

With savings earned from previous jobs, Sara founded the hosiery company Spanx in 2000, partly out of personal need, registering patents too. Major stores soon took up her products, an endorsement from Oprah Winfrey helped, and Sara subsequently made her first billion in a little over 10 years. She is now also part owner of the Atlanta Hawks NBA team.

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9. Tory Burch – $1.05 billion


[one_half]Vanity Fair Party - 2013 Tribeca Film Festival[/one_half][one_half_last]

  • Born: 17 June 1966, Valley Forge, Pennsylvania, USA
  • Nationality: American
  • Residence: New York City
  • Start in Business: 2004

Tory worked directly in fashion for such as Polo Ralph Lauren and for the fashion magazine Harpers Bazaar before launching her own designs. Oprah Winfrey was also delighted to endorse her, and she now has 160 Tory Burch stores worldwide, as well as merchandising through over 3,000 department stores. Several fashion awards have also come her way, and Forbes ranks her in the top 100 most powerful women in the world!

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8. Sheryl Sandberg – $1.7 billion


[one_half]Sheryl Sandberg[/one_half][one_half_last]

  • Born: 28 August 1969, Washington DC, USA
  • Nationality: American
  • Residence: Menlo Park, California
  • Start in Business: 1995

Sheryl has been in management in one form or another all her working life, and is now the COO for Facebook which she joined in 2008. She is credited with developing the formal business side of Facebook, which has since seen it become one of the most profitable companies in the world, and herself a genuinely self-made billionaire from her efforts within the company. Her share options as part of salary should see her become very rich indeed within a few years.

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7. Meg Whitman – $2.1 billion


[one_half]Image:Hewlett Packard CEO and President Meg Whitman[/one_half][one_half_last]

  • Born: 4 August 1956, Cold Spring Harbour, New York State, USA
  • Nationality: American
  • Residence: Palo Alto, California
  • Start in Business: 1979

Meg has worked for Proctor and Gamble, Bain & Company and the Walt Disney organisation – becoming vice-president in both – then for Stride Right, before becoming CEO of Florists’ Transworld Delivery. She subsequently joined eBay as CEO, overseeing its rise to power over 10 years. Currently she has been CEO of HP since 2011, apparently not so successfully, but her previous track record has seen her wealth deservedly grow to its present impressive level.

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6. Xiu Li Hawken – $2.2 billion


[one_half]Xiu Li Hawken[/one_half][one_half_last]

  • Born: 1962, Harbin, China
  • Nationality: Chinese
  • Residence: London, England
  • Start in Business: 1991

Xiu Li began as a journalist before moving into finance, she is the majority shareholder in Renhe Commercial Holdings which she joined in 1996, subsequently developing and operating malls across 15 Chinese cities. She has other investments in agriculture in China, but currently lives with her husband in London.

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5. Oprah Winfrey – $3 billion


[one_half]Oprah Winfrey[/one_half][one_half_last]

  • Born: 29 January 1954, Kosciusko, Mississippi, USA
  • Nationality: American
  • Residence: Montecito, California
  • Start in Business: 1971

Always being a good talker, but orator as well, Oprah began her career on TV at the age of 17, and the rest is a history of one of the most successful talk show hosts of all time in the USA. Her own show began airing in 1986, and was ever popular until she retired in 2011. She was a millionaire at 32, and a billionaire at 35, with yearly earnings approaching $300 million, all of which was very rare for an Afro-American woman, which makes her achievements all the more laudable.

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4. Zhang Xin – $3.7 billion


[one_half]Soho China CEO Zhang Xin Interview[/one_half][one_half_last]

  • Born: 24 August 1965, Beijing, China
  • Nationality: Chinese
  • Residence: Beijing, China
  • Start in Business: 1992

Following scraping a living in Hong Kong to save enough for an education in the UK – eventually Master of Economics from Cambridge University – Zhang Xin was hired by Barings in Hong Kong, then by Goldman Sachs in New York, before returning to Beijing and founding SOHO. The company is now the largest developer of office buildings in Shanghai and Beijing, testimony to the clever, hard work of this lady who began with nothing, and now with her husband being described by London’s Times newspaper as ‘.. the most visible and flamboyant tycoons in China’.

[/one_half_last]

3. Wu Yajun – $4.2 billion

[one_half]Wu Yajun[/one_half][one_half_last]

  • Born: 1964, Chongqing, China
  • Nationality: Chinese
  • Residence: Beijing, China
  • Start in Business: 1984

A foundation in government administration, and cultivating business contacts enabled Wu with her husband to register what became Longfor Properties, in 1995. This investment holding company has interests across the major cities of China, in real estate, property development and management, with market capital approaching $9 billion, and almost 8,000 employees.

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2. Elizabeth Holmes – $4.7 billion


[one_half]Elizabeth Holmes[/one_half][one_half_last]

  • Born: 3 February 1984, Washington DC, USA
  • Nationality: American
  • Residence: Palo Alto, California
  • Start in Business: 2003

Elizabeth’s yearning to ‘…discover something new…’ led her to a research project developing a blood-testing device using only a stick, not a vial of blood. There is still considerable discussion over the validity of the testing procedures, but in the meantime Elizabeth has around 20 US and over 60 non-US patents registered to her name, and her current wealth in early 2016 is estimated at half her company, Theranos’ value of over $9 billion.

[/one_half_last]

1. Yang Huiyan – $5.1 billion


[one_half]Yang Huiyan[/one_half][one_half_last]

  • Born: 20 July 1981, Guangdong, China
  • Nationality: Chinese
  • Residence: Foshan, China

The richest woman in Asia and youngest female billionaire, a relatively small gift from her father when she turned 25 has seen her invest heavily in real estate, through her majority share in Country Garden Holdings, but recent downturns in the Chinese economy have seen her wealth dwindle in the last few years. However, she is just 34, and informed speculation is that the Chinese economy still has a long way to go in its expansion.

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As the Managing Editor at NetWorthPost, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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BlackBerry Expected to get $500 Million Tax Refund

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BlackBerry is poised to get a huge tax break. Within the 2nd quarter of FY 2014, BlackBerry posted a tax reduction of $965 million, chiefly in the foundation of inventory writedown. But, various other facets of the finances are going to look when some regulatory filings become public. Some of those variables include the prices with remodeling the whole smartphone lineup, laying-off 4, 500 workers and revamping sales and marketing. The business is in the middle of restructuring and is seeking a customer, as revenue of the BlackBerry Z10 touchscreen mobile are lower than expected. It seems, though, that BlackBerry might ultimately be coming out after once having become the darling of the PDA market.

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Economy

Investing Advice from Millionaire Mohnish Pabrai

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Purchasing the stock exchange is mind-boggling for lots of individuals. Comprehending it looks like such a complex process which we leave it for the significant investors to fathom. However, are you aware the most successful stock traders live from the philosophies. Warren Buffett is really a known to maintain his investment principles quite fundamental, also it worked. Warren Buffett is really one of the very successful investors and among the richest guys on the planet. He likens it to the entire procedure for flipping a coin, “Heads, I win. Tails, I don’t drop a lot of.” This lets you know how seriously he takes Buffett’s theory within the diversification of investments. Based on Warren Buffett, diversification is really a protection against ignorance. Being a real Buffett disciple and following Buffett’s principles plus a few of their own sets of basic principles appeared to work. For individuals who don’t know, Mohnish Pabrai is an investor and philanthropist. Then a longonly equity fund he handled could create a cumulative 517% internet to investors versus. 43% for the S&P 500 Index since beginning in 2000. This implies an outperformance of 1103%. The globe was amazed and Pabrai became a star investor. Discover several hints and lessons as he shares how he was competent to do it.


Read Warren Buffett

According to Pabrai, it all started for him by reading Warren Buffett’s annual letters to investors and other Buffett books (The Essays of Warren Buffett, Warren Buffett Speaks and Thoughts of Chairman Buffett) and biographies written by Lowenstein and Schroeder. Pabrai is a living proof it pays to read.


Own It

Following closely Buffett’s example of not looking at stocks as just pieces of paper but internalize that you’re actual owners of these companies. As a joke surely no wise businessman will take his investments. Who wants a company that appears questionable and undervalued? He constantly weighs in both the negative risk and possible prior to making an investment.


Patience Is a Virtue

Another investor Pabrai seems as much as is Charlie Munger who’s a huge proponent of waiting. He believes that you’re able enough to earn money by means of purchasing or selling but within the waiting. And waiting isn’t the simplest thing to do this you demand every ounce of someone’s forbearance. Yes, sometimes what you’re looking forward to is some sort of disaster to occur that will significantly change the share prices. To stay positive about this would be to consider reaping something from the unfortunate circumstances which could present.


Learn from Mistakes

The fact is it doesn’t usually benefit the best constantly. You develop some, you lose some. Whenever you purchase shares, you must monitor carefully how it will. Pabrai says that after a particular trade doesn’t function, you discover immediately what might have went wrong so that you won’t do the same errors over and over. It is worth it to be aware of how others do it, if it’s right or wrong, in order to learn away from their successes and failures.


Checklist Investing

Another guiding light in Pabrai’s means to success is Atul Gawande’s novel The Checklist Manifesto. He recognized that there were clear signs within the initial location, when assessing how a trade went all wrong. So he made a check list which consists of around 98 questions he examines before making a trade or investment. These questions vary from leverage to debt covenants, moats, union and labor relations, direction and possession. Pabrai noted that since he incorporated using a checklist in investing, his error rate decreased quite considerably.


Cloning

Pabrai will be the first to inform you that not one of his investment ideas are original and groundbreaking. After all investing is actually not an originality competition. He picks on other people’s minds. The Buffet partnerships in the 1950’s was the design for the arrangement of his own fund. Furthermore, he gets investment ideas from investors he greatly admires. For example, he lifted the structure of his own fund straight from the Buffett partnerships of the 1950’s.


Give Back

Pabrai collectively with his wife began the Dakshana Foundation in 2005. It was the Pabrai’s intention to provide back to society at least two% of their earnings that’s about $1 million annually. Their primary focus was supposed to utilize the cash to help relieve the poverty within their state in India. How they are doing it is through supplying tutorial services for the lowest of poor students of India to ensure that they’ll have the ability to pass the grueling entrance examinations of the very competitive institutions such as the IIT Joint Entrance Examination and the AllIndia Engineering Entrance Examination, get great jobs and assist their loved ones. Again-all of Pabrai’s non-profit initiatives were inspired by Warren Buffet who’s a huge philanthropist himself.

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