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News / Business

Forbes lists richest self-made women under 40

By Nancy Clanton, The Atlanta Journal-Constitution
Published: June 10, 2019, 6:02am

Four of them are in their 20s. Three are singers; one is an athlete. One is already a billionaire.

Some started their own businesses, while others took over companies.

All 11 are on Forbes’ list of the richest self-made women younger than 40.

Forbes defines the term “self-made” as anyone who did not inherit her fortune; the methodology is explained further here: https://bit.ly/31fPSIs.

New to the list is Serena Williams, who is the first athlete to make Forbes’ list of richest self-made women under 40.

Williams, 37, is more than a 23-time Grand Slam champion, however. She built her estimated $225 million fortune through her clothing line, S by Serena; her venture capital company, Serena Ventures; and stakes in the Miami Dolphins and mixed martial arts promotion company UFC.

“I want to be the brand instead of being the face,” Williams told Forbes.

Also new to the list is singer and businesswoman Rihanna, 31.

About $570 million of her estimated $600 million fortune comes from her cosmetics brand, Fenty Beauty, and her partnership with LVMH. She is now the wealthiest female musician in the world, and she made history as the first black woman to run a major fashion house in Paris.

Here are the 11 richest self-made women younger than 40, in alphabetical order:

Karissa Bodnar

Net worth: $275 million

Age: 29

Residence: Los Angeles

Self-made score: 9

Whitney Wolfe Herd

Net worth: $290 million

Age: 29

Residence: Austin, Texas

Self-made score: 8

Kylie Jenner

Net worth: $1 billion

Age: 21

Residence: Hidden Hills, Calif.

Self-made score: 7

Huda Kattan

Net worth: $610 million

Age: 35

Residence: Dubai

Self-made score: 9

Beyonce Knowles

Net worth: $400 million

Age: 37

Residence: Los Angeles

Self-made score: 8

Katrina Lake

Net worth: $380 million

Age: 36

Residence: San Francisco

Self-made score: 8

Neha Narkhede

Net worth: $360 million

Age: 34

Residence: Palo Alto, Calif.

Self-made score: 8

Rihanna

Net worth: $600 million

Age: 31

Residence: Los Angeles

Self-made score: 10

Taylor Swift

Net worth: $360 million

Age: 29

Residence: Nashville

Self-made score: 8

Kim Kardashian West

Net worth: $360 million

Age: 38

Residence: Hidden Hills, Calif.

Self-made score: 7

Serena Williams

Net worth: $225 million

Age: 37

Residence: San Francisco Bay Area

Self-made score: 9

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