(Last Updated On: August 24, 2014)
268 new billionaires were uncovered by Forbes Magazine in 2014. 172 of these billionaires were women which was impressive. This was an all time record and an large improvement from last year’s 138. Without a doubt, the 10 females that are found on this list also appear on Forbes’ annual 100 Most Powerful Women ranking. On a bigger scale, billionaire riches show no sign of going down. To rank up among the top 20 billionaires this year, a record net worth of $31 billion was needed, representing a significant increase from last year $23 billion. This year, the United States led the world with an outstanding 492 billionaires, followed by 152 in China and 111 in Russia. Forbes also noted people with a good amount of fortunes in other countries such as Tanzania, Algeria, Uganda and Lithuania.
Forbes also talked about the breathtaking number of women on this year billionaire’s list and some of its extensive implications, however, there is still something to be said for the fact that most of the women on this list inherited their wealth from either a spouse or a parent; and yet, 20% of them are self made, and this number has more than doubled in the past few years. The world top 10 richest women have a combined net worth of $223 billion, an outstanding figure that increased upwards from 25% from the previous year. Forbes put this number in view: these women are worth more than every professional sport team in the United States all together! These women achievements are a historic feat in themselves, but how they want to use this wealth is equally important. For example, Laurene Powell Jobs, has used her power and status to deal passionately with education reform in Washington. In the future, one can hope to see more women taking the lead in business, entrepreneurship and philanthropy all over the world. Maybe we can get a glimpse of what the new generation of rich and powerful women worldwide look like from these 10 new female billionaires in 2014.
10. Ina Chan (net worth: $1 billion)
A chairman of UNIR Management Limited, Ian Chan, has a diverse investment portfolio of mainly hospitality, retail, leisure and transportation businesses. She’s well known as the third wife of “King of Gambling” Stanley Ho, and owns 13% of Macau Legend Development Ltd. She has also committed herself to charitable causes; for example, she is a chairman of Tung Wah Group of Hospitals (2013-2014) and a member of the 10th Guangdong Provincial Committee of Chinese People’s Politician Consultative Conference. Ina keeps on doing business work and high-profile charity in her adopted hometown of Hong Kong.
9. Monika Schoeller (net worth: $1 billion)
The 75 year old Monika Schoeller is a German publisher and philanthropist. She made her money through publishing since she inherited from her father the publishing house Verlagsgruppe Holtzbrinck from her father Georg von Holtzbrinck, who, in 1948, founded as a book club. The Holtzbrinck Publishing Group’s main business segments are made up of comprised of Macmillan Science and Education, Holtzbrinck Digital and Macmillan Publishers (fiction and nonfiction). The S. Fisher Foundation were founded by Monika, the foundation promotes cultural and scientific projects of international importance and is now one of the most prominent cultural foundation in Germany. Schoeller studied literature, language and art history in college and married literary scholar Bernd Schoeller. She gave birth to a daughter in 1968. She lives with her family in Stuttgart.
8. Andrea Reimann-Ciardelli (net worth: 1 billion)
56 year old Andre Reimann-Ciardelli is the so called the newly revealed “fifth billionaire” in the German family behind perfume maker Coty Inc, which in May June 2013, debuted on the New York Stock Exchange. The Reimann wealth goes back to 1823, when a chemical company was founded a chemical company in Germany by Johann Adam Benckiser. This family has increased its interests in consumer goods and has spent in the past 12 months $11 billion getting three coffee businesses. Andrea and her four adopted siblings have been strengthening their control of the company since 1984 when their father, Albert Reimann, passed away. Reimann sold her stake in Joh A. Benckiser in 2003, the Reimann family’s closely held investment company, for about a billion dollars. Reimann- Ciardelli lives in Hanover, New Hampshire.
7. Lam Fong Ngo (net worth: $1 billion)
She is vice chairman and member of the remuneration committee of Macau Legend Development Limited. MLD is one of the top owners of entertainment and gaming facilities in Macau. Apart from that, it also operated its own non-gambling entertainment services and hotels. The General Association of Chinese Opera and Music was founded by Fong Ngo in 2004, and has been its chairperson ever since. She was appointed Vice Chairman of Macau Legend Development Ltd. In May of 2012, and has been its Executive Director since 2006. She is the second wealthiest person in Macau and has over 30 years of experience in the gaming industry.
6. Sheryl Sandberg (net worth: $1.05 billion)
Before long after being appointed Facebook COO, Sherly Sandberg, 44 years of age, become one of the world’s youngest self-made female billionaires. In the past year, her facebook shares have gone up more than 130%, giving her an outstanding net worth. She stands among some pretty spectacular companies as a self made woman, including Oprah Winfrey, Tory Burch and Sara Blakely for example. In Lean In Women, Work, and Will to Lead, her bestselling book, Sherly talks about in detail her fierce negotiations with Facebook CEO Mark Zuckerberg and at the same time, she was being courted for the company’s chief operating officer position. She writes: “I could play hardball.” Sandberg is currently living with her husband and two children in Atherton, CA.
5. Jane Lauder (net worth: $1.1 billion)
Jane Lauder of the Estee Lauder dynasty joined the company after she graduated from high school in 2006. Her father, Ronald, 2was replaced by her on the Estee Lauder board in 2009, where is currently serves together with her sister Aerin and cousin William. Jane was promoted to global president and general manager of Estee Lauder Companies, yielding her an outstanding net worth making her America’s youngest billionaire. She lives in Manhattan with her husband Kevin Warsh, a former govermor of the U.S Federal Reserve Bank.
4. Aerin Lauder (net worth: $1.15 billion)
This 44 year old Aerin Lauder, is a long time New York socialite and a new billionaire because of her stake in the 10 billion dollar cosmetics firm Estee Lauder, which was founded by her grandmother. She worked at her family’s company during college, and she studied at the Annenberg School for Communication at the University of Pennsylvania. To this day she remains the image and style director at her family’s cooperation, where she has worked for over 20 years. Apart from that, she has her own cosmetic, perfume, fashion, and furniture line called AERIN. She lives in New York City and East Hampton, New York, with her husband and two sons.
3. Denise Coates (net worth: $1.6 billion)
46 year old Denise Coates, is the chief executive of Bet365, an online sports betting platform. She started work for her father as a cashier in his betting shops and took over a number of shops later on. She sold some of them to a large bookmarker Coral. She soon launched Bet365.com, currently the world’s biggest online gaming and betting business. Denise is one of the UK’s wealthiest businesswomen; indeed, Bet365’s sales hit an impressive $1.6 billion in 2013. In a rare interview – she normally communicates through email and refuses face – to – face interviews – she calls herself a workaholic and credits her success to “sheer grit.” Surprisingly, the one time she gave an open interview it was to correct the impression that it was her father who ran and founded Bet365.
2. Folorushi Alakija (net worth: $2.5 billion)
This is the first Nigeria’s female billionaire. In the 1970s, she became a secretary in a bank and then at American College, London and the Central School of Fashion, she studied fashion design. She established her own tailoring company called Supreme Stitches, a clothing brand that serves to high society women. Its popularity grew and has become a household name. Alakija billionaire-status wealth comes from mainly oil, however, as the executive vice chairperson of Famfa Oil, Ltd. She is also the group managing director of The Rose Sharon Prints & Promotions, Ltd. And Digital Reality Prints, Ltd. She currently lives with her family in Nigeria.
1. Sandra Ortega (net worth: $6.1 billion)
She is the daughter of Amancio Ortega. Sandra Ortega, founder of clothing giant Inditex (the company that owns Zara) and the third richest person in the world, with a net worth of approximately $65.9 billion. Sandra inherited her money from hewr mother when she passed away in August 2013 suddenly. She now owns all of the holding company Rosp Corunna Participaciones Empresariales SL, which controls 5% of INditex. The 45 year old currently lives in Spain, where she is officially Spain’s richest woman. 5% stake in the Spanish pharmaceutical company, Zeltia, is owned by Rosp Corunna. The company, Zeltia,is valued at $39 million, in addition to private equity investments which are valued ar about $100 million.