Forbes released its second annual ranking of 60 of America’s wealthiest, most successful self-made women today and several women in the retail, fashion and beauty world were cited.
Scoring in the top 10 were Doris Fisher, cofounder of the Gap, who came in at number three with a net worth of $2.4 billion, and Jin Sook Chang, cofounder of Forever 21, who was ranked number nine with a net worth of $1.9 billion.
Others who made the top 60 included Sara Blakely, founder of Spanx (number 17 at $1 billion); Tory Burch (number 19 at $750 million); Carolyn Rafaelian, founder of Alex and Ani (number 22 at $700 million); Donna Karan (number 31 at $450 million); Vera Wang (number 34 at $420 million); Diane von Furstenberg (number 43 at $340 million), and Patricia Miller, cofounder of Vera Bradley (number 49 at $300 million).
Also making the list were Sophia Amoruso, founder of Nasty Gal (number 53 at $280 million); Barbara Bradley Baekgaard, cofounder of Vera Bradley (number 54 at $270 million), and Toni Ko, founder of cosmetics brand NYX (number 57 at $260 million).
Celebrities who have connections to the fashion/beauty world also made the top 60 such as Kathy Ireland (number 39 at $360 million) and Jessica Alba (number 42 at $340 million).
The rankings also included several women in technology such as HP’s Meg Whitman (number 6 at $2.1 billion); Facebook’s Sheryl Sandberg (number 14 at $1.4 billion); Yahoo’s Marisa Mayer (number 33 at $430 million), and YouTube’s Susan Wojcicki (number 40 at $350 million).
Oprah Winfrey came in at number 2, with a net worth of $3.1 billion.
The richest self-made woman in America is Diane Hendricks, who owns ABC Supply, the largest wholesale distributor of roofing and siding in the country, who is worth an estimated $4.9 billion, according to Forbes.
Elizabeth Holmes, founder and chief executive officer of Theranos, a consumer healthcare technology company, who was No. 1 on the 2015 list, didn’t make the current list due to recent investigations involving Theranos and information indicating that the firm’s revenues were less than originally projected. Forbes cut her net worth from $4.5 billion last year to zero.
To be eligible to make the 2016 list, the women needed to have a minimum net worth of $250 million. Forbes valued private companies by speaking with outside experts, and compared them with public competitors. In cases where women started businesses with, and still share with, their husbands, Forbes assigned them half of that combined wealth. Forbes calculated stakes in public companies using stock prices from May 13. For entertainers, they based estimates on net lifetime earnings. Real estate, art and other assets were also factored into the net worths.