Who are the richest self-made young women in the US?


Deepthi Nair
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Reality TV star and cosmetics entrepreneur Kylie Jenner is the youngest member on America’s list of richest self-made women, according to business magazine Forbes.

Once named the youngest self-made billionaire in the world, Ms Jenner, 25, is estimated to have a net worth of $680 million, $80 million more than a year ago, and ranked 38th overall on the magazine’s annual list of self-made women.

Ms Jenner’s wealth stems from her make-up business, Kylie Cosmetics. She sold 51 per cent of the company to multinational beauty conglomerate Coty in 2020 for $600 million. At the time, the deal valued the business at $1.2 billion. Ms Jenner earned $340 million from the sale.

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The youngest member of the Kardashian-Jenner clan, Ms Jenner is half-sister to reality TV star Kim Kardashian and starred in the reality television series Keeping Up with the Kardashians from 2007 to its final season in 2021.

Lucy Guo, 28, chief executive and founder of Passes, a web3 platform for creators, is the second-youngest person on the list of America’s richest self-made women. She has a net worth of $360 million.

“The bulk of her fortune comes from her nearly 6 per cent stake in artificial intelligence firm Scale AI,” Forbes said.

Pop star Taylor Swift, 33, is the third youngest person on Forbes’ list and has a personal fortune worth $740 million.

Her net worth is up by $170 million since last year thanks to the release of her new album, Midnights, in October 2022, followed by the announcement of her Eras tour, which kicked off in March, according to Forbes.

Rounding off the top five youngest people on the list are Whitney Wolfe Herd, the 33-year-old founder of dating app Bumble, with a fortune of $50 million, and Rachel Romer, the 34-year-old founder of online education company Guild Education, with a net worth of $320 million.

Forbes ranks the most successful female entrepreneurs, executives and entertainers in the US every year.

Bolstered in part by a rebound in the stock market, they are cumulatively worth a record $124 billion, up about 12 per cent from a year ago.

Among the 100 members on this year’s ranking, only 11 are women under 40. That number hasn’t changed since last year, but some of the names have, Forbes said.

The Russia-Ukraine crisis, the Covid-19 pandemic and volatile stock markets took a toll on the combined wealth of the world’s richest people, which slipped 3 per cent to $12.7 trillion over the past year, down from a record $13.1 trillion in 2021.

Francoise Bettencourt Meyers, the granddaughter of French pharmacist and L’Oreal founder Eugene Schueller, is the world’s richest woman, with a net worth of $80.5 billion.

Ms Meyers has topped the Forbes 2023 World Billionaires List for women for the third year running.

The 10 richest women in the world have a combined net worth of $402.6 billion, up from $401 billion in 2022, with the majority inheriting their wealth, according to Forbes, which used stock prices and exchange rates from March 10 to calculate the fortunes of the wealthiest people on the planet.

Other famous women under 40 on Forbes’ list of richest self-made women in America include singer and businesswoman Rihanna, 35, who ranked sixth with a net worth of $1.4 billion, and beauty mogul Huda Kattan, 39, who ranked 10th with a personal fortune of $400 million.

New to the 2023 list are three 30-something entrepreneurs: Christina Cacioppo, 36, Iman Abuzeid, 38, and 39-year-old Julia Cheek, Forbes said.

Ms Cacioppo, whose net worth is estimated at $385 million, co-founded security and compliance automation company Vanta in 2017.

Ms Abuzeid, with a net worth of $350 million, is the co-founder of healthcare staffing company Incredible Health, which helps connect nurses with available jobs at hospitals.

Ms Cheek founded Everly Health, an at-home testing company, in 2015. She has a net worth of $260 million.

Richest self-made women in the US under 40

  1. Kylie Jenner, 25: $680 million (net worth)
  2. Lucy Guo, 28: $360 million
  3. Taylor Swift, 33: $740 million
  4. Whitney Wolfe Herd, 33: $510 million
  5. Rachel Romer, 34: $320 million
  6. Rihanna, 35: $1.4 billion
  7. Christina Cacioppo, 36: $385 million
  8. Neha Narkhede, 38: $520 million
  9. Iman Abuzeid, 38: $350 million
  10. Huda Kattan, 39: $400 million
  11. Julia Cheek, 39: $260 million

Source: Forbes

Ferrari 12Cilindri specs

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VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
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Match info

Wolves 0

Arsenal 2 (Saka 43', Lacazette 85')

Man of the match: Shkodran Mustafi (Arsenal)

Recycle Reuse Repurpose

New central waste facility on site at expo Dubai South area to  handle estimated 173 tonne of waste generated daily by millions of visitors

Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site

Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area

Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent  organic waste  and 13 per cent  general waste.

About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor

Recycling at Ras Al Khor unit:

Plastic items to be converted to plastic bags and recycled

Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays

Glass waste into bowls, lights, candle holders, serving trays and coasters

Aim is for 85 per cent of waste from the site to be diverted from landfill 

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

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Read part two: how climate change drove the race for an alternative 

MATCH INFO

Champions League last 16, first leg

Tottenham v RB Leipzig, Wednesday, midnight (UAE)

THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
The years Ramadan fell in May

1987

1954

1921

1888

UAE currency: the story behind the money in your pockets
Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

MEYDAN RESULTS

6.30pm Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m

Winner ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer).          

7.05pm Maiden (TB) Dh165,000 (D) 1,200m

Winner  Galaxy Road, Antonio Fresu, Musabah Al Muhairi.

7.40pm Maiden (TB) Dh165,000 (D) 1,400m

Winner  Al Modayar, Fernando Jara, Ali Rashid Al Raihe.

8.15pm Handicap (TB) Dh170,000 (D) 1,900m

Winner  Gundogdu, Xavier Ziani, Salem bin Ghadayer.

8.50pm Rated Conditions (TB) Dh240,000 (D) 1,600m

Winner George Villiers, Tadhg O’Shea, Satish Seemar.

9.25pm Handicap (TB) Dh175,000 (D)1,200m

Winner  Lady Parma, Connor Beasley, Satish Seemar

10pm Handicap (TB) Dh165,000 (D) 1,400m

Winner Zaajer, Fernando Jara, Ali Rashid Al Raihe

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

Benefits of first-time home buyers' scheme
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  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
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Updated: June 03, 2023, 11:41 AM`