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Forbes US listed 100 entrepreneurs, who made their fortune in every conceivable way. Bolstered in part by a rebound in the stock market, they are cumulatively worth a record $124 billion, up nearly 12% from a year ago. Building supply distributor Diane Hendricks remains No. 1 for the sixth year. We are showing a selection of who made the list.
1.
Diane Hendricks, 76, Afton, WI, $15 billion
The residential construction boom continued in 2022 and pushed sales at Hendricks’ ABC Supply, which she owns, up 25% to $18.5 billion. That lifted her fortune by nearly $3 billion. She also runs Hendricks Holding, which has investments in manufacturing, real estate, construction, recycling and life sciences.
2.
Judy Love, 85, Oklahoma City, $10.2 billion
Her husband of 62 years, Tom, died in March 2023 – her fortune now includes his half of Love’s Travel Stops & Country Stores, the retailer the pair started together in 1964 with a $5,000 loan. The $26.5 billion (est. revenue) company, which her sons Greg and Frank have run as co-CEOs since 2014, plans to open 25 new locations this year and to invest $1 billion in renovating and updating existing stores.
3.
Judy Faulkner, 79,Madison, WI, $7.4 billion
Epic Systems, the electronic health records company Faulkner founded in 1979, announced an expanded partnership with Microsoft in April to use generative AI to help draft responses to patients’ messages and improve data analysis for hospital customers. Epic, which had $4.6 billion in revenue 2022, also launched a program last year to help match hospitals with clinical trials.
4.
Lynda Resnick, 80, Beverly Hills, CA, $5.3 billion
The nation’s richest farmers, Resnick and her husband, Stewart, co-own the $5 billion (sales) agricultural giant Wonderful Co., which grows and sells pistachios, almonds, pomegranates, mandarin oranges and seedless lemons from 135,000 acres in California’s Central Valley, Texas and Mexico. Caltech, to which the couple pledged $750 million in 2019, is nearing completion on a 79,500-square-foot sustainability center to be named after them.
5.
Thai Lee, 64, Austin, TX, $4.8 billion
America’s most successful female immigrant has run IT provider SHI International for 34 years. The company, which is the largest minority- and woman-owned enterprise in the U.S., is investing heavily in its international operations, which grew by 25% in 2022; that helped boost overall revenue to $14 billion, up nearly 14% from the previous year.
6.
Johnella Hunt, 91, Fayetteville, AR, $4.4 billion
Six decades ago Hunt cofounded rice hull packaging firm J.B. Hunt with her husband (d. 2006); they later turned it into a trucking firm. She was the detail-oriented business manager; he was the ideas person. “Johnnie was looking through the windshield and I was always looking through the rear-view,” Hunt once said. She is still a key shareholder of the $18 billion (market cap) freight haul company.
7.
Gail Miller, 79, Salt Lake City, $4.2 billion
Miller wants to bring Major League Baseball to Utah. In April she and her family announced they’re leading a group of investors called Big League Utah that hopes to land an expansion team or an existing franchise. She and her husband, Larry (d. 2009), owned the NBA’s Utah Jazz for 35 years before selling a majority stake in 2020 to fellow Utah billionaire Ryan Smith. In 2021 she sold the car dealerships she started with her husband for nearly $3.5 billion.
8.
Marian Ilitch, 90, Bingham Farms, MI, $4 billion
Ilitch’s Little Caesars, which had nearly $5 billion in estimated systemwide sales in 2022, became the official pizza sponsor of the NFL last year. She also owns an NHL team (Detroit Red Wings), an MLB team (Detroit Tigers) and the Motorcity Casino Hotel, as well as other companies in the food, sports and entertainment industries. She’s the chairwoman of Ilitch Holdings while her son Chris is CEO.
9.
Elizabeth Uihlein, 77, Lake Forest, IL, $3.7 billion
Starting in their basement in 1980, Uihlein and her husband, Richard, built packaging supplies company Uline into a $6.1 billion (annual sales) giant. Elizabeth is its president, while Richard is CEO of the company, which sells more than 41,000 items including cardboard boxes and bubble wrap, via its well-known catalog. Together the couple have donated at least $190 million to conservative political causes.
10.
Peggy Cherng, 75, Las Vegas, $3.1 billion
Her Panda Express chain is celebrating 40 years of dishing out Chinese-American cuisine at malls, airports and free-standing stores, mainly in the U.S. An electrical engineering Ph.D., Cherng worked for McDonnell Douglas and 3M before leaving to cofound the business with her husband, Andrew, in 1983. Cherng serves as co-CEO, with Andrew, of the 2,300-location chain, whose sales topped $5 billion last year. “I’ve always upheld a family-first mindset,” she tells Forbes.
11.
Meg Whitman, 66, Nairobi, Kenya, $3 billion
Whitman, the former CEO of eBay, Hewlett-Packard and the short-lived video platform Quibi, was confirmed as U.S. ambassador to Kenya in July 2022. Drawing on her experience leading blue-chip firms, Whitman plans to push for new trade partnerships between the U.S. and Kenya.
12.
Eren Ozmen, 64, Reno, NV, $2.8 billion
Ozmen and her husband, Fatih, own aerospace and defense company Sierra Nevada Corporation (SNC); she is chairwoman of SNC and Sierra Space, which spun off from SNC in 2021. Sierra Space has developed a reusable space vehicle to carry cargo to the International Space Station for Nasa and is planning its first trip for December. With Jeff Bezos’ Blue Origin, it is also building Orbital Reef, a business park in space.
13.
Oprah Winfrey, 69, Montecito, CA, $2.5 billion
Winfrey reportedly purchased nearly 900 acres of land in Maui earlier this year, adding to her portfolio of 13 properties on the Hawaiian islands plus real estate in California and Wyoming. The media mogul returned to her alma mater, Tennessee State University, for the first time since 1987 to deliver the commencement address in May.
14.
Doris Fisher, 91, San Francisco, $2.3 billion
Gap, which she cofounded with her husband, Don (d. 2009), has struggled with declining sales, financial losses, layoffs and a roughly 30% stock drop in the past 12 months. Not that it affected her fortune too much: Fisher, whose net worth is down $100 million in the past 12 months, has been transferring shares to her children for years. She donated three houses in Woodside, California, worth a combined $27 million to her charitable foundation in 2020. Most of her fortune now lies in her art collection and other investments.
15.
Jayshree Ullal, 62, Saratoga, CA, $2.2 billion
The Silicon Valley engineer and Cisco veteran joined computer networking company Arista Networks as CEO in 2008 when the business had no sales. The now publicly traded company, which she still runs, recorded $4.4 billion in revenue in 2022, up 48% from the prior year, despite component shortages and supply chain challenges. Arista plans to launch a new suite of AI-based network services this year.
16.
Elaine Wynn, 81, Las Vegas, $2.1 billion
Wynn, who cofounded Wynn Resorts with her ex-husband Steve Wynn in 2002, is the largest individual shareholder of the casino company, with an 8% stake. Shares of the business rose nearly 60% in the past year, boosted by an increased focus on sports betting.
17.
Sheryl Sandberg, 53, Menlo Park, CA, $1.7 billion
The former Meta Platforms chief operating officer announced via a June 2022 Facebook post that she was stepping down from the social media giant after nearly a decade and a half to focus on philanthropic work. She officially left the company at the end of September. Sandberg and her husband, Tom Bernthal, are part of a reported $125 million investment consortium unveiled in April to bring a new professional women’s soccer team to the Bay Area. Forbes calculates Sandberg sold or gave away nearly $2 billion worth of Facebook stock over the past decade.
17.
Alice Schwartz, 96, El Cerrito, CA, $1.7 billion
Schwartz served as a researcher in the early days of Bio-Rad Laboratories, which she launched with her husband, David (d. 2012), in 1952. She stepped down from the board in 2022 but still owns nearly 16% of the $2.8 billion (sales) research products firm, now run by her son Norman.
19.
Safra Catz, 61, Fort Lauderdale, FL, $1.6 billion
Oracle’s CEO since 2014, Catz has helped close more than 130 acquisitions for the software giant since she joined it in 1999. In 2022, Oracle paid $28 billion for electronic health records firm Cerner in its largest acquisition ever; it’s now in a restructuring process likely to cost $930 million. Oracle’s stock went up 40% in the past year; in April, Catz sold $320 million of it.
20.
Rihanna, 35, Los Angeles, $1.4 billion
Rihanna’s Super Bowl halftime show in February attracted 121 million viewers. It was her first live performance in more than five years and came two months after she released new music for the “Black Panther: Wakanda Forever” soundtrack. She is launching a new Fenty x Puma partnership and has an estimated 30% stake in lingerie line Savage x Fenty. The bulk of her fortune comes from Fenty Beauty, the makeup line she co-owns with LVMH and whose sales doubled in 2022.
21.
Kim Kardashian, 42, Hidden Hills, CA, $1.2 billion
The TV star and business mogul is pushing forward in both realms. She’ll join the season 12 cast of FX show “American Horror Story”, premiering later this year. Her private equity firm, SKKY Partners, headed by a former Carlyle Group exec, is reportedly trying to raise a
$1 billion fund to invest in consumer and media companies. Kardashian, who launched skin care line SKKN by Kim last summer, still owes much of her ten-figure wealth to a 35% stake in shapewear label Skims.
22.
Sara Blakely, 52, Atlanta, $1.1 billion
A former fax machine salesperson, Blakely is now battling it out against two of the world’s most famous women – Kim Kardashian and singer Lizzo – for dominance in the booming shapewear category. Spanx’s estimated valuation is down compared to last year, but Blakely’s other assets did well, including a real estate portfolio of at least five homes and a 4% stake in the NBA’s Atlanta Hawks.
22.
Weili Dai, 61, Las Vegas, $1.1 billion
Her latest projects include VR and conversational AI startup Meetkai, which is building its own metaverse – complete with “Meetkai Virtual Humans” – and training its own large language models. Dai made her mark as cofounder of semiconductor company Marvell Technology, although she was forced out in 2016 over an accounting investigation; no evidence of fraud was found. She and her husband own seven residences at the Trump Hotel in Las Vegas.
24.
Tory Burch, 56, New York City, $1 billion
Burch is a billionaire again for the first time since 2015 after her namesake fashion brand recorded an estimated $1.8 billion in revenue in 2022. The company is focused on expanding the reach of its preppy-chic clothing overseas. After opening 30 locations since May 2022, including its first store in Vietnam, Tory Burch now boasts more than 370 locations around the world.
25.
Neerja Sethi, 68, Fisher Island, FL, $990 million
Sethi and her husband, Bharat Desai, who met while working for IT firm Tata Consultancy Services, launched IT services firm Syntel in their Troy, Michigan, apartment in 1980. In 2018, they sold it to French IT firm Atos SE for $3.4 billion.
26.
Anne Dinning, 60, New York City, $900 million
Dinning is a member of the six-person executive committee leading D.E. Shaw, a quantitative hedge fund managing $60 billion in assets. The secretive firm had an impressive year in 2022, with its flagship Composite Fund generating a 24.7% net return. Dinning, who joined D.E. Shaw in 1990, has donated more than $180 million to her charitable foundation since 2007.
27.
Gwynne Shotwell, 59, Jonesboro, TX, $860 million
Elon Musk’s tenure at Twitter may be chaotic, but one of his other ventures, Space X, continues to thrive thanks to Shotwell, its president and chief operating officer. The company undertook 61 launches in 2022 – mostly satellites but also three trips to the International Space Station with astronauts. In May it hit another milestone when it placed its 4,000th Starlink internet satellite in low Earth orbit. Investors now value the rocket company at $125 billion.
28.
Sheila Johnson, 74, The Plains, VA, $840 million
Johnson was a violinist and music teacher before she cofounded TV channel Black Entertainment Network in 1979 with her then-husband, Robert, and sold it to Viacom in 2001. She will publish a memoir in September about breaking into entrepreneurship and philanthropy while battling relationship hardships and institutional racism. She also founded the Salamander Collection, a luxury hotel group that last fall opened its Washington, D.C., hotel in what was formerly the Mandarin Oriental.
29.
Robyn Jones, 60, Fort Worth, TX, $830 million
Canada-born Jones founded Texas-based Goosehead Insurance in 2003; she serves as vice chair and her husband, Mark, who joined in 2004, is CEO. Rising interest rates hurt the firm’s bottom line in 2022, with net income falling by 68% to $2.6 million, despite revenue growing by nearly 40% to $209 million. In April, she was awarded an honorary doctorate from Montana State University, which came two years after she and Mark donated $101 million to the college’s nursin school.
30.
Kit Crawford, 64, St. Helena, CA, $800 million
Crawford and her husband, Gary Erickson, sold their majority stake in Clif Bar, which he had cofounded in 1992, to snack giant Mondelez in August. They walked away with approximately $1.5 billion in cash. The pair has poured an estimated $30 million into their “mission driven” venture capital firm, White Road Investments, and runs the Clif Family Winery in the Napa Valley.
31.
Anastasia Soare, 65, Beverly Hills, CA, $790 million
The Romanian immigrant, best known for revolutionizing makeup for eyebrows, is celebrating the 25th anniversary of her cosmetics brand, Anastasia Beverly Hills, this year. Moody’s issued an upgrade to its debt rating in June 2022, citing a recovery in sales and earnings but still indicating it was at high risk of default.
32.
Susan Wojcicki, 54, Los Altos, CA, $790 million
Twenty-five years after joining Google, which started in her garage, Wojcicki stepped down as CEO of Youtube in February. In her resignation letter, she announced she’d begin a new chapter focusing on “family, health and personal projects.” She’ll still have an advisory role at Google and parent company Alphabet. Anne Wojcicki (No. 91) is her sister.
33.
Marissa Mayer, 48, Palo Alto, CA, $760 million
Mayer joined Google as its first female engineer, spent 13 years there, then served as CEO of Yahoo until 2017. The tech veteran has since turned her attention to Sunshine, which automates “mundane tasks” using AI. The 25-person startup, which she founded and reportedly helped fund, raised $16.5 million in 2020. It has since launched two apps: one to manage contacts and another to help users remember birthdays.
34.
April Anthony, 56, Dallas, $740 million
Last August the health care veteran was named CEO of Dallas-based Vitalcaring, which provides home health, hospice and pediatric care. She started in the industry as controller of a distressed home health care company that she turned around and bought. She later founded Encompass Home Health & Hospice, which she sold for $750 million in 2015 to publicly traded Healthsouth. Now called Encompass Health, it sued Anthony for breaching her noncompete agreement; a Dallas County judge ruled in June 2022 that she had violated an agreement not to recruit away any Encompass employees.
34.
Lisa Su, 53, Austin, TX, $740 million
Advanced Micro Devices’ stock has soared nearly 30-fold since Su became CEO in 2014.
34.
Taylor Swift, 33, Nashville, TN, $740 million
The ninth-highest-earning entertainer of 2022 had a massive year thanks to the success of her tenth studio album, “Midnights”, and the announcement of her “Eras” tour, which kicked off in March. A record two million-plus tickets were sold by Ticketmaster in one day. She will get a cut from all 52 performances and merchandise sales.
37.
Nancy Zimmerman, 59, Boston, $730 million
Zimmerman is cofounder of Bracebridge Capital, a Boston-based hedge fund firm that manages $12 billion in net assets for endowments including Yale’s. Among its recent stock holdings: biotech and pharmaceutical companies Alvotech and Mallinckrodt. She sits on the board of nonprofit Social Finance.
38.
Theresia Gouw, 55, Palo Alto, CA, $680 million
Acrew Capital, the second VC firm she has cofounded, has paid out more than $2 billion to investors since its 2019 launch. Its newest fund, the $300 million Diversify Capital Fund, aims to diversify stockholders and, eventually, board members – close to 70% of its capital comes from women and people of color. Gouw was the first female partner at Silicon Valley powerhouse Accel Partners, whose early investment in Facebook she helped lead.
38.
Kylie Jenner, 25, Hidden Hills, CA, $680 million
The social media star continues to pump her followers – including 390 million Instagrammers – with endorsements of products like Glow water (she recently became a spokesperson) and ads for Kylie Cosmetics items sold in British luxury retailer Selfridges and a line of products inspired by DC Comics’ Batman. In March, Jenner’s cosmetics brand lit up Dubai’s Burj Khalifa skyscraper with her face to celebrate its launch in the Middle East. Jenner owns an estimated 44.1% of Kylie Cosmetics; she sold 51% of it to French beauty giant Coty for $600 million in 2020.
38.
Michelle Zatlyn, 43, San Francisco, $680 million
Cybersecurity and network services company Cloudflare, which she cofounded and runs as president, became snagged in controversy last year when an activist campaign pressured it to block sites and services for one of its customers, Kiwi Farms, a web forum that targeted and harassed individual members of the LGBTQ community online. In September, Cloudflare announced that it had blocked Kiwi Farms due to specific, targeted threats the site posted. Zatlyn owns a 2.5% stake in the company, whose shares fell about 10% over the course of the past year.
41.
Mary West, 77, San Diego, $610 million
West and her husband, Gary, sold most of their stake in their telemarketing firm for $1.4 billion in 2006. Their Gary and Mary West Foundation has donated some $200 million, mostly to fund efforts to improve health care for seniors. Long involved in the horse racing industry, the couple’s thoroughbred Maximum Security finished first in the 2019 Kentucky Derby but was disqualified for interfering with other horses.
WORTH MENTIONING
45.
Madonna, 64, New York City, $580 million
Until January, Madonna had agreed to co-write and direct a biopic about herself with Emmy-winning star Julia Garner (“Ozark”) cast as the singer. The production was shelved after the queen of pop announced her Celebration tour, which she’ll kick off in July.
48.
Beyoncé Knowles, 41, Los Angeles, $540 million
Knowles released her seventh studio album, “Renaissance”, last year, which helped her break the record for the most Grammy wins in history, with 32 trophies. Her clothing line, Ivy Park, severed its partnership with Adidas in March. The singer announced a couture collection with fashion house Balmain that’s inspired by the new album. In May, she embarked on the “Renaissance” world tour.
52.
Donna Karan, 74, New York City, $510 million
After selling her fashion line to LVMH in 2000 for $195 million, Karan stayed on as chief designer until 2015. Since then, she has shifted her focus to her luxury lifestyle brand, Urban Zen, profits from which fund her Urban Zen Foundation. She has also been a longtime supporter of Everytown for Gun Safety, founded by former New York mayor Michael Bloomberg.
59.
Dolly Parton, 77, Nashville, TN, $440 million
Approaching 80, the country music icon is showing no signs of slowing down. In the last year, she’s had two TV specials, published a novel (and companion album) with author James Patterson, a children’s book and added fresh lines of branded baked goods and pet products. Coming up: a 30-song rock album due in November. The main source of her wealth is her Tennessee theme park, Dollywood, which has benefited from a post-pandemic tourism boom.
59.
Reese Witherspoon, 47, Los Angeles, $440 million
Witherspoon appears both in front of and behind the camera this year. She is executive producer of hit series “Daisy Jones & the Six” and “Tiny Beautiful Things”, and stars in “The Morning Show”, which was renewed for a fourth season in May. Blackstone’s Candle Media purchased a majority stake in her media company, Hello Sunshine, in 2021; she still owns at least 18%.
Text: Kerry A. Dolan and Luisa Kroll with Andrea Murphy