The 5 Richest Self-Made Women Under 40

Forbes

These 5 entrepreneurs, executives and entertainers, including Taylor Swift and Kylie Jenner, are breaking barriers in both business and entertainment.   Read the full story on Forbes: https://www.forbes.com/sites/annikagrosser/2024/05/28/these-are-the-richest-self-made-women-under-40/   Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1   Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:   https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript   Stay Connected  Forbes newsletters: https://newsletters.editorial.forbes.com  Forbes on Facebook: http://fb.com/forbes  Forbes Video on Twitter: http://www.twitter.com/forbes  Forbes Video on Instagram: http://instagram.com/forbes  More From Forbes:  http://forbes.com   Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Transcript

00:00Building a fortune doesn't have to take a lifetime.

00:03The youngest members of Forbes' 2024 list of America's richest self-made women are proof of that.

00:09Among the 100 list members, 11 are under the age of 40.

00:14While this number has coincidentally stayed the same over the past years,

00:18some of its faces have changed as new women have entered the ranks and others have fallen off.

00:23Here are the five richest self-made women under 40 in 2024.

00:29At number five, Shuo Wang.

00:31Wang is co-founder and chief revenue officer of HR software firm Deal.

00:36Less than five years after its founding, Deal surpassed $500 million in annual revenue in March.

00:43After moving from China to the U.S. at age 16, Wang reportedly sold scooters at flea markets while in high school.

00:50She went on to study robotics at MIT and co-founded air purification company Aeris before Deal.

00:58At number four, Taylor Swift.

01:00Music's most powerful star dominated the concert business and became a billionaire in 2023.

01:06Her Aeris tour set a record in December as the first ever to gross over $1 billion in ticket sales, according to Polestar.

01:13It's expected to bring in more than $2 billion by the time it wraps later this year.

01:19At number three, Whitney Wolfhard.

01:22Wolfhard stepped down as CEO of Bumble in January, almost a decade after founding the female-focused dating app.

01:29Bumble's shares have plummeted nearly 90% since the company started trading in February 2021,

01:35when Wolfhard briefly became the country's youngest self-made female billionaire.

01:41At number two, Lucy Guo.

01:43Most of her fortune lies in her nearly 6% stake of artificial intelligence firm Scale.ai, which she co-founded with Alexander Wang in 2016.

01:52Guo left Scale in 2018 and now runs Passes, a platform for creators hawking makeup tutorials, relationship advice, and more.

02:00The company raised $40 million in February from investors including Good Americans and Magritte.

02:06And at number one, Kylie Jenner.

02:09The youngest Kardashian launched clothing line Kai last fall, then released Sprinter Vodka Soda and a fragrance called Cosmic in March.

02:17Most of her wealth still comes from an estimated 44.1% stake in Kylie Cosmetics,

02:23plus cash from selling 51% of the business to French beauty giant Coty in 2020 for $600 million.

02:38And at number two, Kylie Jenner.

02:40Kylie Jenner is the first female-focused dating app to launch in the U.S.

02:44The company was founded in 2014 and has been the world's first female-focused dating app.

02:49The company is the first female-focused dating app to launch in the U.S.

02:53The company is the first female-focused dating app to launch in the U.S.

02:56The company is the first female-focused dating app to launch in the U.S.

02:59The company is the first female-focused dating app to launch in the U.S.

Category

Transcript

Recommended