Success is a subjective term. What might be a regular feat for one, might be a success for another and vice versa. However, wealth is often considered a good parameter of having attained success.
For the longest time, women have been the lower end of the spectrum when it comes to wealth accumulation. The gender wealth gap across the world is very much alive today. However, several women are overcoming the systemic and societal challenges to emerge as wealthy individuals.
The cherry on the cake is, women attaining wealth on their own accord. ‘Self-made’ millionaires and billionaires are inspirational individuals who have successfully showcased to the world that women can achieve it all, if they set their mind to it.
America is considered the capitalistic dream nation and becoming one of the wealthiest self-made women in the nation is a commendable feat. These women, who are the wealthiest self-made people in America, bucked convention and broke glass barriers to create empires and fortunes.
They have forged their own paths, rising from modest beginnings or joining industries with a male preponderance, and they have persisted despite numerous difficulties and setbacks. They have turned ideas into successful companies that bring in billions of dollars thanks to their brilliance, invention, and sheer willpower.
Their experiences serve as a tribute to the limitless potential and tenacity of those who dare to dream big and put in endless effort to accomplish their objectives.
Discover the secrets behind these incredible women's remarkable journey to become the wealthiest self-made women in America.
Diane Hendricks- $15 B
The head of ABC Supply, a significant American supplier of roofing, siding, and windows, is Diane Hendricks. In 1982, she and her late husband, Ken, co-founded the business in Beloit, Wisconsin. She has served as chairwoman ever since Ken passed away in 2007 in this capacity. The greatest acquisitions in the company's history—the purchases of Bradco in 2010 and L&W Supply in 2016—were made during her tenure as CEO of ABC Supply, which led the company to tremendous accomplishments.
The corporation had more than 900 branch locations, and its revenue in 2022 was $18.5 billion. Diane’s significant efforts in reviving Beloit, revamping whole blocks, and luring new enterprises to the state demonstrate her commitment to local economic development.
Judy Faulkner- $7.4 B
In the basement of her Wisconsin home, Judy Faulkner created the groundwork for Epic Systems, a provider of medical record software, in 1979. She presently holds the position of CEO of the business, which reported sales of $4.6 billion in 2022, as a proficient computer programmer.
A 47% ownership share in Epic Systems belongs to Judy. The company's software is trusted by prestigious medical organisations like Johns Hopkins and Mayo Clinic and supports the medical records of an astounding 250 million individuals. Unusually, Epic has never looked for venture financing or sought out acquisitions, instead opting to build all of its software in-house. Through her involvement in the Giving Pledge, where she vowed to contribute 99% of her assets to a private charity organisation, Judy’s dedication to philanthropy is clear.
Lynda Resnick- $5.3 B
Lynda Resnick and her husband Stewart are involved in the fruit and nut growing business, which has helped them accumulate a sizeable wealth. The pair co-founded and co-owns the extremely successful Wonderful Company, one of the biggest farming businesses in the US, with activities ranging from almonds and oranges in California's Central Valley to grapefruits in South Texas.
They are believed to be worth $10.6 billion collectively. Lynda started her business career at an early age, quitting college to start her own advertising firm. When they met in the 1960s, Lynda was helping him with his fledgling alarm company and Stewart was looking for her marketing ability. Lynda has turned her attention in recent years to charity, and the Lynda have committed nearly $2 billion to a range of charitable organisations, such as research projects tackling climate change.
Thai Lee- $4.8 B
Thai Lee is the CEO of SHI International, a company that provides IT services and boasts nearly $14 billion in annual revenues. With 15,000 clients, including well-known corporations like Boeing and AT&T, SHI International has made a name for itself as a dominant force in the market.
Despite being a Bangkok native, Thai spent her early years in South Korea before moving to the US for high school. Being the first Korean student to graduate from Amherst College made her father, a well-known economist, history. With a Harvard MBA, Thai worked for Procter & Gamble and American Express before joining SHI International, where he garnered vital expertise. By purchasing a software reseller for less than $1 million in 1989, Thai and her then-husband made a wise investment that laid the foundation for the company's future success.
Johnelle Hunt- $4.4 B
In 1969, Johnelle Hunt and her late husband Johnnie started their entrepreneurial career by launching JB Hunt Transport Services, a trucking company. Eight years previously, they had taken the risky step of selling their house and starting a business packing rice hulls. Their trucking company, which has its corporate headquarters in Arkansas, went public in 1983 and has since expanded to become one of the biggest transportation businesses in the country, with remarkable revenues of $14.8 billion.
Despite leaving her position as corporate secretary in 2008, Johnelle is still the biggest individual stakeholder in the business, with a nearly 18% interest. She kindly gave $5 million to the J.B. and Johnelle Hunt Family Ozark Highlands Centre, which will open its doors in Springdale, Arkansas in December 2020, demonstrating her charitable attitude.
Gail Miller- $4.2 B
The Larry H. Miller Group, a broad conglomerate with assets in real estate, healthcare, banking, and the entertainment industry, is owned by Gail Miller, a Utah resident. She and her late husband Larry turned a single Toyota dealership into the eighth-largest network of car dealers in the country. Gail executed a huge transaction in 2021 when she sold the dealership to Asbury Automotive for a mind-blowing $3.2 billion.
The Utah Jazz NBA club was also purchased by the Millers in 1986 for a pittance of $22 million. The family still owns a modest ownership part even though they sold a majority stake to billionaire Ryan Smith for $1.66 billion in 2020. In her book "Courage To Be You: Inspiring Lessons From An Unexpected Journey," published in 2018, Gail shares her motivational stories and wisdom.
Marian Ilitch- $4 B
In 1959, Marian Ilitch and her late husband Mike co-founded Little Caesars Pizza as the first step in their entrepreneurial adventure. She is known as Mrs. I, and she presently controls the wildly popular pizza restaurant, which has over $4.5 billion in yearly total sales. She owns the Detroit Red Wings NHL franchise and the MotorCity Casino Hotel in addition to her pizza empire. Her family trust owns the MLB franchise Detroit Tigers.
Marian is actively involved in the creation of a distinctive headquarters with pizza-shaped windows that is part of a $1.4 billion sports and entertainment zone in Detroit. Marian had to nag her husband to stop giving away free pizzas in the beginning, despite his modest deeds like paying Rosa Parks' rent for a long time.
Elizabeth Uihlein- $3.7 B
The president of Uline, the biggest distributor of industrial, shipping, and packaging products in North America, is Elizabeth Uihlein. Elizabeth, based in Pleasant Prairie, Wisconsin, earns an estimated $6.1 billion in sales by providing businesses all around the country with a thorough catalogue of more than 40,000 goods. In their basement, Elizabeth, popularly known as Liz, and her husband Richard, also known as Dick, founded Uline in 1980.
At the moment, the firm employs 8,500 people. The Uihleins also claim the distinction of being the fourth-largest political campaign contributors in the United States. According to FEC filings, they have given more than $190 million in donations. The pair invested more than $40 million in Republican politicians in the 2022 midterm elections, including Senator Ron Johnson of Wisconsin, Adam Laxalt of Nevada, and Herschel Walker of Georgia.
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