Latest news with #selfmadewomen
Forbes
8 hours ago
- Business
- Forbes
Why It's Never Been A Better Time To Be A Female Entrepreneur. Plus: Keep Your Focus During Uncertain Times
This is this week's ForbesWomen newsletter, which every Thursday brings news about the world's top female entrepreneurs, leaders and investors straight to your inbox. Click here to get on the newsletter list! I t's never been a better time to be a female entrepreneur: According to the Global Entrepreneurship Monitor, there are now some 658 million female founders and company owners worldwide, and as my colleague Grace Chung reports here, nearly two-thirds are early stage entrepreneurs, compared to less than half of their male counterparts. 'Women's entrepreneurship is the number one policy solution to things like health deficits and education deficits,' Amanda Elam, who authored GEM's latest Women's Entrepreneurship Report, told Forbes . 'The types of businesses women tend to lead create places that are great to live in. And it turns out companies like to build their operations in places like that. So in international development, there's been this awakening.' And so, to continue to shine a light on this growing cohort of self-starters, Forbes has published its first-ever standalone global ranking of the world's 50 richest self-made women. The women on this list are worth a collective $276 billion, or $5.5 billion on average—so not quite what we'd define as 'early stage' entrepreneurs, but the successes their businesses have found across sectors ranging from collagen to coal serve as blueprints for those who wish to follow in their wake. Check out the full list here! Cheers! Maggie McGrath Exclusive Forbes Profile: Teens And Tweens Are Obsessed With This Skincare Brand For Babies—Now It Brings In $100 Million A Year Kimberley Ho EVEREDEN Forbes 30 Under 30 alum Kimberley Ho walked away from her Wall Street career to launch Evereden for Generation Alpha. Today, her business brings in $100 million, and while the company sells in Sephora across eight countries outside the United States, including Canada, Australia and the Philippines, most of its revenue comes from direct-to-consumer sales online. 'Billions of investment dollars have gone to women's beauty, cosmetics and skincare, but none of that innovation and investment really went into family skincare,' Ho says. 'That mismatch just didn't make sense for me.' ICYMI: News Of The Week Speaking of lucrative business opportunities… Gail Federici sold her first company, John Frieda Hair Care, in 2002. She's more than doubled her fortune building a second brand, Color Wow, which is now eyeing a $1 billion sale. Forbes recently released its annual list of Top Creators—a ranking of America's most lucrative influencers who earned a collective $853 million last year. Among the women on this list are Alex Cooper, Charli D'Amelio and Lexi Rivera, who advises aspiring content creators to not get discouraged 'if something doesn't perform as you had hoped. It's only a matter of time until consistency pays off.' Some 54 million people tuned in to WNBA games last season, which is why 30 Under 30 alumnae Amanda Calabrese and Greta Meyer jumped at the chance to make their company, Sequel, the first official tampon sponsor for the Indiana Fever. 'From day one we wanted to work with female athletes because we've always believed that they were going to be the future of influencer marketing,' Calabrese told Forbes . According to the World Economic Forum's newly released 'Global Gender Gap Report 2025,' North America ranks highest globally in gender parity, having closed 75.8% of its overall gender gap and ranking first in the category of economic participation and opportunity. And yet: The world writ large remains a century away from achieving true gender parity. The Checklist 1. Consider reuniting with an ex… employer. According to payroll processor ADP, more workers are 'boomeranging' back to an old workplace than ever before. The benefits to doing this include a faster ability to jump into mission-critical work, because you already have a baseline point of reference. 2. Protect your yes. Learning to say no is one of the most powerful tools in business—and when you say yes to everything, you dilute your energy, your focus, and even your impact. 3. Stay focused even when everything feels uncertain. Burnout, lack of purpose, and constant interruptions can destroy our focus. Here are five brain hacks to use that can bring more clarity to your days. The Quiz Stunning images and videos from a new state-of-the-art telescope in Chile were released this week, they're the first visuals from the observatory named for an accomplished astronomer whose research confirmed the existence of dark matter. Who is the observatory named after? A. Caroline Herschel B. Vera C. Rubin C. Maria Mitchell D. Cecilia Payne-Gaposchkin Check your answer. Liked what you read? Click here to get on the newsletter list!
Forbes
19-06-2025
- Business
- Forbes
Forbes' Richest Self-Made Women In The World 2025
It's never been a better time for women entrepreneurs – at least by the numbers. There are now an estimated 658 million female founders and company owners worldwide, compared to 772 million men, per the Global Entrepreneurship Monitor. Nearly two-thirds are early stage entrepreneurs, compared to less than half of their male counterparts. 'Women's entrepreneurship is the number one policy solution to things like health deficits and education deficits,' says Amanda Elam, who authored GEM's latest Women's Entrepreneurship Report. 'The types of businesses women start are [also in locations that are] fun to live in. And it turns out companies like to build their operations in places like that. So in international development, there's been this awakening.' As a nod to the triumphs and challenges for this cohort, for the first time ever, Forbes has compiled a standalone global ranking of the world's 50 richest self-made women. These ceiling breakers—who have made their fortunes in everything from collagen to coal—hail from 13 nations and four continents (there are currently none from Africa or South America). Altogether they are worth $276 billion, or $5.5 billion on average. That's $10 billion less than what the top 50 were worth at their peak in 2021, but $158 million higher than in 2017 – the first year Forbes tracked that many self-made women. The richest self-made woman in the world is Swiss shipping magnate Rafaela Aponte-Diamant, with a net worth of $38.8 billion. She and her husband Gianluigi Aponte started and co-own the Mediterranean Shipping Company, now the world's largest shipping line, with over 136,000 employees, 900 vessels and 675 offices. Rafaela started the Mediterranean Shipping Company with a $200,000 loan, which the couple used to finance their first ship and eventually expanded to a fleet of 17 in nine years. At 80, she's still in charge of designing the interiors and decorations of ships and sits on the board of the MSC foundation, the company's philanthropic arm. At a distant number two is America's Diane Hendricks, (estimated net worth: $22.3 billion) cofounder of ABC Supply, one of the biggest distributors of roofing, siding and more. She is one of 18 Americans in the top 50, including such high profile women as Oprah Winfrey and Sheryl Sandberg. Admission to this elite, 50-member club is $2.1 billion, meaning high profile executives and entrepreneurs like SpaceX's Gwynn Shotwell, Spanx's Sara Blakely, Kim Kardashian and Taylor Swift simply aren't rich enough—for now. China, including Hong Kong, also has 18 citizens on the list, the richest of whom is Zhong Huijuan. Based in China's Jiangsu province and reportedly a former chemistry teacher, Zhong started Hansoh Pharmaceuticals in 1995 and got her big break four years later with Gainuo, a first-line drug for advanced lung cancer. Traded in Hong Kong, and boasting $1.7 billion in annual revenue, Hansoh specializes in treatments for oncology, anti-infections and autoimmune diseases. China has long been a leader in terms of women entrepreneurs. 'In the Chinese tradition, women are accustomed to wielding significant power and influence,' Ming-Jer Chen, a professor at the University of Virginia and an expert on East-West businesses, wrote in a 2020 article, which also noted that Chinese word for 'wife' is pronounced the same as the word for equal, 'qi.' Nearly half the list – 24 women – hail from Asia-Pacific, followed by North America with 20 and Europe with six. Aussie Melanie Perkins, who cofounded design software firm Canva in 2013, is the youngest of the bunch, at age 38. Next youngest is Russia's Tatyana Kim (49), a former English teacher who went on to found her nation's largest online retailer, Wildberries. These women operate in 14 industries but their most common route to wealth has been technology, with 14 deriving their fortunes from that sector. The richest among this group is Zhou Qunfei (estimated net worth: $10 billion), who chairs Hunan-based Lens Technology, a maker of touch screens whose customers include Apple, Samsung and Tesla. A former migrant factory worker, she founded the precursor to the company in 1993 and has grown the business to more than 136,000 employees and $9.5 billion in annual sales. The next most common industry, with just five, is retail, and includes two cofounders of China's fast fashion juggernaut Shein. While more women are moving into entrepreneurship than ever before, there is still a vast gap between men and women in terms of their level of success, at least as measured by their personal net worths. The world's 50 richest self-made men are worth $3.8 trillion, 14 times as much as the 50 wealthiest females. Altogether there are 1,920 men across the globe who have built billion-dollar fortunes, more than 18 times as many as women. The planet's self-made billionaires are worth a collective $11.2 trillion. Men—led by the likes of Elon Musk, Larry Ellison and Mark Zuckerberg—hold $10.8 trillion of that wealth, or 96%, leaving the most successful women around the globe with just 4% of the pie. Still there is plenty of reason for optimism, starting with the fact that self-made women now make up 3.5% of the entire billionaire set, a small percentage but about 50% higher than their share back in 2017. To compile net worths, Forbes valued individual assets including stakes in public companies using stock prices from June 13, 2025. We valued private companies by consulting with outside experts and conservatively comparing them with public companies. To be eligible for the list, women have to have substantially made their own fortunes. While none inherited their wealth, some climbed farther and overcame more obstacles to get into the ranks.
