American Business Women's Day: The Rise of Female Billionaires by 268% in the Past Decade
Wednesday, September 22nd, 2021
A new study by DailyFX has analyzed the top billionaires in the world to explore how women are building their wealth in comparison to men.
Times are gradually (finally) changing - seeing more women enter the top 1% of global earners. On American Business Women's Day, 11.8% of the world's billionaires are now women, meaning more doors are opening for female entrepreneurs than ever before. So, which female billionaires are going to inspire you today?
There are now more female billionaires than ever before
Women currently account for $1.54 trillion in combined assets, proving how much more accessible wealth has become for them. Although this number does fluctuate, the growth has been significant. This year alone the number of female billionaires increased from 241 to 328. With a 268% increase since 2010, it doesn’t look like it will slow down any time soon.
The top female billionaires under 30
Rank |
Name |
Sex |
Net Worth (Billions) |
Age |
Country |
Source |
Industry |
1 |
Evan Spiegel |
Male |
$11.1 |
30 |
United States |
Snapchat |
Technology |
2 |
Sam Bankman-Fried |
Male |
$8.7 |
29 |
United States |
Cryptocurrency |
Finance & Investments |
3 |
Gustav Magnar Witzoe |
Male |
$4.4 |
27 |
Norway |
Fish farming |
Food & Beverage |
4 |
Kevin David Lehmann |
Male |
$3.3 |
18 |
Germany |
Drugstore |
Fashion & Retail |
5 |
John Collison |
Male |
$3.2 |
30 |
Ireland |
Payments software |
Technology |
6 |
Pedro de Godoy Bueno |
Male |
$3 |
30 |
Brazil |
Health insurance |
Healthcare |
7 |
Austin Russell |
Male |
$2.4 |
26 |
United States |
Sensors |
Automotive |
8 |
Jonathan Kwok |
Male |
$2.4 |
29 |
Hong Kong |
Real estate |
Real estate |
9 |
Andy Tang |
Male |
$2 |
28 |
United States |
Food delivery app |
Technology |
10 |
Stanley Tang |
Male |
$2 |
28 |
United States |
Food delivery app |
Technology |
11 |
Nick Molnar |
Male |
$1.8 |
30 |
Australia |
Fintech |
Finance & Investments |
12 |
Lisa Draexlmaier |
Female |
$1.6 |
30 |
Germany |
Autoparts |
Automotive |
13 |
Wang Zelong |
Male |
$1.5 |
24 |
China |
Chemicals |
Metals & Mining |
14 |
Alexandra Andresen |
Female |
$1.4 |
24 |
Norway |
Investments |
Diversified |
15 |
Katharina Andresen |
Female |
$1.4 |
25 |
Norway |
Investments |
Diversified |
Tech and investing help women become billionaires at a faster rate
The tech revolution and investing have allowed millennials to become billionaires faster than older generations, showing that newer ways of innovation are helping women shatter glass ceilings and become billionaires at a faster rate than ever before.
Laurene Powell inherited billions of dollars of stock in Apple and Disney from her late husband, Steve Jobs, and currently ranks in the top 100 richest people, with a real-time net worth of $19.1 billion. Although she inherited her money she has been putting it to work through investments on her own - she recently made a hybrid investment, through Emerson Collective the social impact and philanthropic firm she founded in 2004. Powell has reached billionaire status within this sector at the age of 57, five years younger than the average age.
From Oprah to Rihanna, female entertainers are some of the richest self-made women
Rihanna hit the headlines recently after becoming a billionaire at the age of 33 - making her the wealthiest female singer in the world. While hit songs such as ‘Umbrella’ and ‘Rude Boy’ made her a household name in the music industry, the bulk of her fortune came from her Fenty Beauty cosmetics brand and her lingerie company, Savage x Fenty. Despite facing various controversies throughout her career, Rihanna maintained the role of a female icon and is now worth $1.7 billion.
Oprah Winfrey also made history by becoming the first black female billionaire at the age of 49 in 2003. From her daytime talk show, her books deals, to being nominated for an oscar - Winfrey has climbed her way to the top of the industry and now has a net worth of $3 Billion.
For the full study, please click here.