Did you know Forbes had a Self-Made Women website?
Scoring in the top 10 were Oprah Winfrey who came in at number 2, with a net worth of $3.1 billion, Doris Fisher, cofounder of the Gap, who came in at number three with a net worth of $2.4 billion,, and Jin Sook Chang, cofounder of Forever 21, who was ranked number nine with a net worth of $1.9 billion.
The only Millennial newcomer to the list was Sophia Amoruso who made her fortune with e-commerce retailer Nasty Gal, the rock ‘n’ roll fashion company she started at age 22, when it sold mostly vintage gear to a trendy young crowd.
Others who made the top 60 included Sara Blakely, founder of Spanx (number 17 at $1 billion). Also making the list were Barbara Bradley Baekgaard, cofounder of Vera Bradley (number 54 at $270 million) and Toni Ko, founder of cosmetics brand NYX (number 57 at $260 million).
Celebrities who have connections to the fashion/beauty world also made the top 60 such as Kathy Ireland (number 39 at $360 million) and Jessica Alba (number 42 at $340 million).
The rankings also included several women in technology such as HP’s Meg Whitman (number 6 at $2.1 billion); Facebook’s Sheryl Sandberg (number 14 at $1.4 billion); Yahoo’s Marisa Mayer (number 33 at $430 million), and YouTube’s Susan Wojcicki (number 40 at $350 million).
The richest self-made woman in America is Diane Hendricks, who owns ABC Supply, the largest wholesale distributor of roofing and siding in the country, who is worth an estimated $4.9 billion, according to Forbes.
To be eligible to make the 2016 list, the women needed to have a minimum net worth of $250 million. Forbes valued private companies by speaking with outside experts, and compared them with public competitors. In cases where women started businesses with, and still share with, their husbands, Forbes assigned them half of that combined wealth. Forbes calculated stakes in public companies using stock prices from May 13.