Recently, Forbes released a list of American self-made multimillionaires.
Although there are many celebrity faces, there are also some who have started, scaled, and established productive business entities.
Here are some ways these amazing women make their money:
Makeup is the new Gold
If you want to be productive as a businesswoman, you should try to think in the direction of the makeup industry. According to the list, the makeup phenomenon has turned between 10 to 80 women into millionaires and billionaires.
We have a lot of successful and known makeup entrepreneurs like Kylie Jenner, Rihanna, Kim Kardashian but the most successful, according to Forbes, is Romanian born Anastasia Soare.
Presently, Soare’s business is said to be worth $1.2billion, a little ahead of Kylie Jenner cosmetic business, Kim K’s KKW beauty and Fenty Beauty by Rihanna.
There are other self-made millionaires in America all thanks to Makeups. People like Jamie Kern Lima and Toni Kohl who sold their makeup lines for a fortune to L’Oreal.
Fashion still leads
One of the basic needs of life is clothing, and this explains why it is always productive to venture in as a business.
Life is not all about makeup. You need to put on peng clothes to compliment your beauty.
While you have not have heard of fashion designers Vera Wang and Donna Karan, I know you would have come across Doris Fisher and Jin Sook Chang at one point?
Doris Fisher, 87, started its clothing retailer Gap in 1969 with her husband after the couple couldn’t get good jeans. The company is now estimated to be more than $2bn.
Sara Blakely started one of the most attractive brands to make the Forbes list. She also started shape-wear company Spanx. Before she turned to this business, she used to hawk fax machines door to door.
With a capital of $5000, which was quite a fortune, she started her line, and today, it is one of the leading brands.
It is estimated to be around $1billion and is presently number 23 on the Forbes list.
Television and Music
Entertainment is life. We have a lot of successful women in this niche too part of which are Oprah Winfrey and Ellen DeGeneres that both have a fortune of $2.6bn and $330m respectively.
Musicians Madonna, Taylor Swift, Barbra Streisand, and Celine Dion also continue to cash out in millions. Beyonce is another successful woman with Forbes estimating her to be worth around $400m.
Jay Z, who happens to be Beyonce’s husband, is estimated to be worth billions of dollars, making him the first ever world billionaire in his field.
Dating and Toiletries
One person that stands out among all America self-made millionaire is Diane Hendricks because she is sitting at the top of the illustrious list.
Diane Hendricks is a movie producer and co-founder of roofing and windows company, ABC Supply, which is estimated to be worth an incredible $7bn.
It is one of the biggest wholesale distributors of building supplies, with hundreds of branches raking in billions in sales.
At just 29 years of age, Whitney Wolfe Herd is the second-youngest women on the list. In 2014, she started a dating app named Bumble, which has continued to grow.
She is estimated to have a worth of $290m thanks to the app, which Forbes explains generates around $175m annually in revenue.
Another name worthy of mention is Suzy Batiz.
The successful businesswoman from Texas has a company that has a worth of $240m that is named Poo-Pourri, a range of toilet freshness products and accessories which can be bought at US retailers Target and Costco.
All these amazing women have something in common; they are ready to break boundaries and set new ones. They continue to be an inspiration to women and youths all around the world that with perseverance, creativity, and grace, they can achieve as much as they want.
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