Thursday 20 June, 2019

Net Worth $7 Billion. Who is Diane Hendricks?

Diane Hendricks (SOURCE: Informationcradle)

Diane Hendricks (SOURCE: Informationcradle)

Diane Hendricks is worth USD $7 Billion.

She is the richest self-made woman in America according to Forbes most recent 2019 list.

But who is she?

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Here are some facts about the woman at the top in this regard.

1. She chairs ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America.

2. Hendricks co-founded the business with her late husband, Ken, in Beloit, Wisconsin, in 1982. She has run it since his death in 2007.

3. She led ABC to make the two biggest acquisitions in its history, buying rival Bradco in 2010 and building materials distributor L&W Supply in 2016.

4. The company has 780 branch locations and over $10 billion in sales.

Background

In 2017, Forbes said unlike most of the women on The Forbes 400, Diane Hendricks (net worth: $4.9 billion) never went to college. She grew up on a dairy farm and got pregnant in high school, becoming a teen mom one month before her 18th birthday. Despite it all, she co-founded and still chairs ABC Supply, a roofing distributor company with $7.2 billion in 2016 sales. 

2018

In July 2018, Hendricks sat atop America's Richest Self Made Women List as well, when Forbes published its fourth annual list of America’s Richest Self-Made Women.

Forbes wrote that Diane Hendricks, co-founder and chairman of ABC Supply, the nation’s largest roofing distributor, reclaims the top spot on this year’s list of America’s most successful women entrepreneurs, with a net worth of $4.9 billion. Marian Ilitch, worth $4.3 billion, falls to the No. 2 spot, as higher labor costs and commodity prices take their toll on her Little Caesars pizza chain. Epic Systems’ Judy Faulkner climbs three spots to No. 3, with a net worth of $3.5 billion. Rounding out the top five are Meg Whitman (No. 4, $3.3 billion) and Johnelle Hunt (No. 5, $3.2 billion).

And Kylie Jenner made her debut on the list last year. She amongst the handful of newcomers to the 2018 list.

There were seven newcomers to the 2018 America’s Richest Self-Made Women list, with more than half earning their wealth from cosmetics, thanks to soaring beauty sales among Gen Z. Notable newcomers include Anastasia Soare (No. 21, $1 billion), founder of Anastasia of Beverly Hills; Kylie Jenner (No. 27, $900 million), founder of Kylie Cosmetics; Huda Kattan (No. 37, $550 million), founder of Huda Beauty; Anne Wojcicki (No. 44, $440 million), co-founder and CEO of 23andMe; and Kim Kardashian West (No. 54, $350 million), founder of KKW Beauty. Notable drop-offs include Diane Von Furstenberg, Patricia Miller, co-founder of Vera Bradley, and Dottie Herman, CEO of Douglas Elliman. 

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