Following a recent report of the Forbes’ list of world billionaires, it has come to our attention that a growing number of women are making it in the list of the worlds richest. Although their representation in the highest ranks of wealth and power remains feeble, women made a slight more than 10% of this year’s 1,645 billionaires making a big stride worth noting. According to the list, women are successfully making it to entrepreneurial ventures, some of which are most dynamic global businesses to boost their wealth from their own sweats.
Some of the main reasons from this year’s billionaire list to make us more optimistic about the positive, though slow gains women are continuing to make globally include:
Women Becoming Stronger
172 women made it to this year’s list of billionaires, up by 25% from 2013 and a far more inspiring 60% rise over the last two years. More stirring is that there were 42 women newcomers including Facebook COO Sheryl Sandberg who has ignited a national dialogue around her “Lean In” movement. Aerin Lauder Zinterhofer and Jane Lauder, both the granddaughters of the iconic Estee Lauder also made it to the list. Denise Coates, CO-CEO of the online betting firm Bet365, was also not left behind. It seems that this year’s female billionaires are as well wielding their vast influence in different subjects with 10 of them appearing on Forbes annual 100 Most Powerful Women list.
Whereas most women acquired their wealth from their parents or spouses, 32 of them, representing about 20%, in this year’s list are self-made billionaires, a figure that has more than doubled in the past three years. Despite that that women are still the minority out of the 1,080 self-made billionaires, their momentum appears exciting.
12 women who made it in to this year’s list started from a humble beginning, building their massive wealth from scratch, majority of whom made it on their own by initiating global businesses. Some of self-made billionaires include designer Tony Burch, Spanx founder Sara Blakely, Oprah Winfrey, and Folorunsho Alakijam, first Nigerian female billionaire who made her wealth from oil.
Wealth Building Continues
Collectively, the top 10 richest women own fortunes worth $ 223 billion, representing a 26% rise since last year. Put in a clearer angle, they are worth more than all the professional sports team in the US including football, basketball, baseball, and hockey combined. Additionally, they are orienting their wealth to positive ventures ranging from spearheading philanthropic endeavors like Laurene Powell Jobs, a champion of education reforms, to leading some of the most prominent business ventures like Fidelity Abigail Johnson.