Forbes has released a list of “America’s Richest Self-Made Women of 2018”, consisting of 60 entrepreneurs and executives and it’s shattering records.
The combined net worth of these women is $71 billion, an increase of 15% from the last year. The minimum net worth to be included in this list is $320 million, also an increase, by 23% from 2017. 24 of the 60 women are billionaires, six more than the list from the previous year.
The 71 years old CEO and owner of “ABC supply”, Diane Hendricks, tops the list with an estimated net worth of $4.9 billion. The remaining four in the top 5 are:
- Marian Ilitch, co-founder of the restaurant chain, Little Caesars, at $4.3 billion
- Judy Faulkner, founder of medical record software company, Epic, at $3.5 billion
- Meg Whitman, former CEO of HP and eBay, at $3.3 billion, and
- Johnelle Hunt, co-founder of J.B. Hunt Transport Services, at $3.2 billion
However, featured on the cover and stealing the limelight is Kylie Jenner. The model who started her cosmetics brand, Kylie Cosmetics, in February 2016, is all the hype now. She is potentially on her way to become the youngest self-made billionaire.
Today, we take a look at the nine women from the entertainment world, who made it to the prestigious Forbes list.
Taylor Swift: #60 ($320 Million)
The American singer-songwriter has become a heartthrob in the music industry, thanks to her 5 Billboard-topping singles with 22 more which charted in the Top 10. Taylor’s main source of income has been her tours. The 1989 Tour, which ran from May to December 2015, grossed a massive $250 million and her Reputation Tour in 2018 has already grossed $54 million from just five cities. Moreover, her endorsements with Apple, Coke and Keds have also added to her wealth. And we can never forget to include the sales of her music albums.
Kim Kardashian West: #54 ($350 Million)
Kim’s life has been pretty much documented for the past eleven years, due to her appearance in the family reality show, Keeping Up With The Kardashians. Following her half-sister, Kylie, into the cosmetic business, she started KKW Beauty in June 2017 and has generated over $100 million in revenue. The model and reality star has also ventured into mobile gaming with Kim Kardashian: Hollywood, released in June 2014. Her other major sources of income are modeling and TV work and of course, a line of perfume.
Beyoncé Knowles: #53 ($355 Million)
Owner of six number one hits and 18 top 10 charting songs, Beyoncé rightfully earned the nickname, Queen B. Married to the legendary rapper, Jay Z, she is one half of the power couple of the music industry. She is currently on tour with Jay Z in Europe and North America, which brings in roughly $5 million per night. There are a total of 48 shows altogether, you do the math. She also owns a share in the music streaming service, Tidal.
Barbra Streisand: #48 ($400 Million)
When it comes to success, there are only a few artists as legendary as Barbra, but when it comes to presence, there are none. She is the only artist in history who has a number one album in six consecutive decades. Her 14 show tour in 2016 grossed $46 million alone and the rest of the tours in her career have earned her hundreds of millions. Her property in Malibu, California, is reported to be worth around $100 million. The 76-year-old is also the recipient of the Presidential Medal of Freedom.
Judy Sheindlin #48 ($400 Million)
Sheindlin, a former Manhattan family judge, gained fame from the show, Judge Judy, eventually earning the same nickname. The show is currently running the 22nd season maintaining an average of 10 million viewers and has earned her three Daytime Emmys. From the show alone, she has earned $47 million since 2012. She is also the creator of a successful show, Hot Bench. She sold her Judge Judy series library for approximately $100m in 2017.
Celine Dion: #46 ($430 Million)
The Canadian singer is one of the most recognized voices in the world and has sold over 200 million copies worldwide. She earned most of her fortune from Las Vegas residencies. Her “A New Day” show, which she performs around 70 times a year, has earned her $400 million. According to The Telegraph, She takes $500,000 per show. In 2017 alone, she garnered $42 million.
Madonna: #36 ($590 Million)
The richest female musician in America, Madonna, has 12 number one charting singles. Her Girl’s Rebel Heart tour from 2015 to 2016, grossed $170 million. Her major source of wealth is her share in Tidal, worth $600 million on paper. She has also invested in the artworks of Picasso and Dali and real state like the $40 million New York City triple-wide townhouse. Adding to her income sources is the revenue from her clothing and perfume lines.
Kylie Jenner: #27 ($900 Million)
Not even Kris Jenner had ever thought that her youngest would be the richest. Utilizing the family fame, Kylie launched her makeup brand, Kylie Cosmetics. The company which was started in February 2016 has already sold more than $630 million worth of products. She owns 100% of the company. As she is just $100 million short to joining the three comma club, her fans have started a Go Fund Me campaign to raise the money to make her the youngest billionaire as soon as possible. Prior to her own company, her income sources were primarily modeling and her TV appearances.
Oprah Winfrey: #6 ($3.1 Billion)
Oprah will always be Oprah! Her story from impoverished child to Hollywood’s greatest influencer of all time is an inspirational one. The Oprah Winfrey Show, which ran for 25 years, made over $2 billion in profits. Other sources of her fortune are her stakes in the companies, OWN and Weight Watchers. Recently, she signed a deal with Apple to create original programming. A part of her net worth comes from her homes scattered all around the country, most notably, the Montecito estate, The Promised Land, worth $50 million.
Which of these women would you like us to cover in detail in our future video? Comment down below.