America’s Richest Self-Made Women under 40

75-year-old Dianne Hendricks tops the list of “America’s richest self-made women” by Forbes this year with a fortune of $12.2 billion. The 100 women on the list have a combined net worth of $111 billion. Eleven of them are aged below 40 and have a total wealth of $6 billion. These are the country’s richest self-made women under 40.

11. Rachael Drori

rachel-drori
Net worth$350 million
Source of wealthMeal delivery service
Age39

In 2015 Rachael Drori, a marketing executive at Gilt Groupe at the time, used $25,000 from her savings and began making smoothies on weekends in a leased kitchen in Queens, New York City. She would then have them delivered to customers around the city by some relatives. After two months she quit her job to concentrate on her new business, now known as Daily Harvest.

In November 2021 Daily Harvest was valued at about $1.1 billion after raising $100 million from private investors including celebrities like Serena Williams and Blake Griffin of the Brooklyn Nets. Rachel owns about 35% of the company which now delivers frozen bowls, crumbles, soups, and lattes, among others. The company generated $250 million in revenues in 2020. According to Forbes, Drori is the 80th wealthiest self-made woman in the US right now.

10. Emma Grede

emma-grede
Net worth$360 million
Source of wealthApparel
Age39

Emma Grede is the CEO and co-founder of Good American, a women’s apparel company focused on size inclusivity. She launched the brand in 2016 alongside Khloe Kardashian — which today sells dresses, activewear, shoes, sleepwear, and more.

Grede also serves as the chief product officer of the shapewear brand Skims, founded by her husband Jens Grede and Kim Kardashian in 2019. In March last year, Emma together with Kris Jenner launched Safely, a brand of plant-based cleaning and self-care products. She was a guest shark on the first episode of the 13th season of Shark Tank. Grede was the first black woman investor on the show.

9. Huda Kattan

huda-kattan
Net worth$400 million
Source of wealthCosmetics
Age38

With a net worth of $400 million, Huda Kattan is one of America’s richest self-made women under 40. She’s the founder and majority owner of the cosmetics line Huda Beauty. Huda began with the beauty blog “Huda Beauty” in 2010 where she would post makeup tips and tutorials. Three years later she launched the “Huda Beauty” cosmetics line with false eyelashes being her first product.

Her cosmetics company is now worth over $1.2 billion and generated about $200 million in revenues last year. She sold a minority stake to TSG Consumer Partners in 2017. In May 2021 she donated $100,000 to Help India Breathe. Huda lives in Dubai with her husband Christopher Goncalo.

8. Neha Narkhede

neha-narkhede
Net worth$490 million
Source of wealthSoftware
Age37

Neha was born in India and moved to the United States to acquire her Masters in Technology from The Georgia Institute of Technology. She then worked as a software engineer at Oracle and LinkedIn before cofounding Confluent in 2014. Confluent is a cloud-based software company based in Palo Alto, California. She has held the positions of Chief Product Officer as well as Chief Technology Officer at the company.

Confluent went public in 2021 and is now valued at $9.1 billion. Neha holds about 8% of the firm — which generated around $388 million in revenues last year.

7. Maria Sharapova

maria-sharapova
Net worth$220 million
Source of wealthTennis
Age35

She’s ranked #97 on this year’s list of America’s richest self-made women by Forbes with a fortune of $220 million. Maria is a former tennis player from Russia. She began her career in 2001 and left the court in 2020. The star has topped Forbes’ list of the world’s highest-paid female athletes for several years since turning professional.

Maria also continues to cash in on endorsement deals with brands such as Nike, Porsche, and Evian among others. According to Forbes, she also holds stakes in Tonal, a home gym startup as well as the cryptocurrency trading platform MoonPay. She also owns her own candy business known as Sugarpova.

Also read: The youngest billionaires in the world right now

6. Rihanna

Net worth$1.4 billion
Source of wealthMusic and cosmetics
Age34

Rihanna joined the three-comma club this year. She’s America’s 21st wealthiest self-made woman and one of the richest under 40. Apart from music, Rihanna owns half of Fenty Beauty, a cosmetics company that she launched in 2017. In 2020 the company generated over $500 million in revenue.

The Barbados native also holds a 30% stake in the Savage X Fenty lingerie brand which is valued at over $1 billion. She also launched a skincare brand called Fenty Skin in 2020. Rihanna is the 1729th richest person on the planet. She’s the wealthiest female musician globally.

In May last year, the “umbrella” singer gave birth to her first child.

Also read: Rihanna’s net worth in 2022

5. Rachael Carlson

rachael-carlson
Net worth$500 million
Source of wealthOnline education
Age33

Carlson owns a quarter of Guild Education, an education platform used by employers to upskill their workers. Some of its clients include Walmart, Macy’s, PepsiCo, and Sunrun among other Fortune 500 companies. As of June 2021, Guild was valued at $3.75 billion and had over 5 million enrolled learners.

Rachel co-founded the company in 2015 when she was 27 — alongside her former classmate Brittany Stich.

4. Whitney Wolfe Herd

whitney-wolfe-herd
Net worth$740 million
Source of wealthDating app
Age32

Wolfe is the co-founder and CEO of Bumble Inc., which owns the dating apps Bumble and Badoo. In February 2021 Wolfe Herd became the world’s youngest self-made billionaire at the age of 31 — after Bumble went public. However, she fell from the billionaire ranks 10 months later after the app’s shares plunged.

The former billionaire owns a 21% stake in the dating app, where women make the first move. She founded Bumble in 2014 after leaving Tinder, where she worked as vice president of marketing. Both Bumble and Badoo are used in over 150 countries with more than 3 million paying users.

3. Taylor Swift

Net worth$570 million
Source of wealthMusic
Age32

Taylor Swift is America’s 3rd richest self-made musician trailing only Rihanna and Madonna. Swift has made most of her fortune from music, tours, and endorsements. In 2021 she began re-releasing records of her old songs that were sold without her consent, in order to regain their ownership rights.

The singer is one of the most streamed artists on Spotify with 56.8 million monthly listeners. She’s one of the highest-paid entertainers in the world this year with an estimated $52 million in earnings. According to the New York Post, Taylor Swift has a real estate portfolio worth more than $80 million including a 10,000 square feet seven-bedroom mansion in Beverly Hills, Los Angeles.

Also read: Taylor Swift net worth

2. Lucy Guo

lucy-guo
Net worth$440 million
Source of wealthArtificial intelligence
Age27

According to Forbes, Lucy Guo is the second youngest self-made woman in America after Kylie Jenner. She’s the founder of the artificial intelligence company Scale AI. The young millionaire dropped out of Carnegie Mellon where she was pursuing computer science. She left Scale AI in 2018 but still owns about 6% of the company which is valued at over $7 billion.

Guo also co-founded the venture capital firm Backend Capital. Before Scale AI, she worked at the Q&A website Quora and was the first female designer for Snapchat.

1. Kylie Jenner

Net worth$600 million
Source of wealthCosmetics
Age24

Jenner is the youngest on this year’s list of “America’s richest self-made women” by Forbes. In 2015, with $250,000 Kylie Jenner launched a cosmetics company called Kylie Cosmetics. Today she owns slightly less than half of the brand after she sold a 51% stake to Coty for $600 million in 2020. She has two children with her longtime boyfriend Travis Scott. Jenner is the most followed woman on Instagram with over 353 million followers.

Also read: Kylie Jenner’s net worth

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