Taylor Swift, the pop icon whose wildly successful Eras concert tour catapulted her net worth to stratospheric heights last year, isn’t the only new billionaire to take a spot among the wealthiest women in the US.
Forbes has released its 10th Annual List of America's Richest Self-Made Women, highlighting the top 100 women leaders who made their own fortunes.
The 2024 list saw an increase in billionaires with 31 making the ranking this year, up from 24 last year. Notable names include Taylor Swift, Rihanna, Kim Kardashian, Oprah Winfrey, and former PepsiCo CEO Indra Nooyi.
Leading the pack is Diane Hendricks, chairman of building materials firm ABC Supply, who secured the number one overall position for the seventh consecutive year with a net worth of $20.9 billion, up from $15 billion last year.
Falling just short of entering the billionaires’ circle, Anne Dinning has a net worth of $940 million and helps lead quantitative hedge fund firm D.E. Shaw. Nancy Zimmerman, another leader in the hedge fund space, has a net worth of $780 million and is a cofounder and managing partner at Bracebridge Capital.
The top 100 list also saw 11 new members in 2024, including Fawn Weaver, founder of Uncle Nearest whiskey; Merrilee Kick, founder of BuzzBallz cocktails; singer Katy Perry; and Mary Callahan Erdoes, CEO of JPMorgan Chase's asset and wealth management division.
A seasoned veteran of the financial industry, Erdoes has been with JPMorgan Chase for over 25 years. She ascended the ranks at the banking giant’s asset and wealth arm to ultimately become its chief executive in 2009.
Collectively, the 100 women on the list have a net worth of $154 billion, reflecting a nearly 25 percent increase from last year. Competition to get into the list has also gotten fiercer, cutoff for inclusion rose to $300 million from $225 million last year.
This year, members from emerging technology sectors, particularly artificial intelligence, were prominently highlighted.
“This year’s list continues to move the needle on what it means to be a successful woman – we’re seeing women break barriers at a range of ages and in their own way,” Kerry A. Dolan, assistant managing editor of wealth at Forbes, said in a statement.
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
