The good news is women in business are breaking barriers left and right. As of 2020, the world seen 100 self-made female billionaires across 16 countries. This year, the figure has grown to an impressive 231 self-made women dominating the ‘Global Rich List’ for 2021.
However, according to Global Workplace Specialists Instant Offices predictions, the world’s richest man is expected to reach trillionaire status 150 times faster than the world’s richest woman. This means it will take roughly 900 years to reach the same milestone!
With a net worth of $195 billion, industrial engineer and entrepreneur Elon Musk is set to become the world’s first trillionaire within the next decade. Earning almost $432 million per day, Musk is on a trajectory to break the 1 trillion mark in the next 6 years. In contrast, L’Oréal heiress Francoise Bettencourt Meyers, the wealthiest woman globally, earns roughly 3 million per day.
Despite the significant gender disparity, female billionaires have risen dramatically over the year with this trend set to continue to get stronger.
In celebration of the female billionaires dominating this year’s global rich list, Global Workplace Specialists Instant Offices have searched and revealed the world’s biggest self-made female billionaires who are building their empires.
Top three countries with the most self-made female billionaires
|Countries||Number of self made Female Billionaires (2021)||Biggest self-made Female Billionaire||Net worth||Industry|
|China||61||Zhong Huijuan||$85 Billion||Pharmaceuticals|
|USA||19||Diane Hendricks||$8 Billion||Contracting|
|UK||6||Denise Coates||$11 billion||Online Gambling|
Two-thirds of the world’s most successful businesswomen come from China. The country is currently home to 70% of the world’s self-made female billionaires. The country currently holding the most billionaires in the world!
Zhong Huijuan, who hails from China, holds the title of the world’s richest self-made female billionaire. The 60-year-old executive is the founder, CEO and chairperson of Hansoh Pharmaceutical. Her current net worth is net $85 billion
Meanwhile, 74-year-old Diane Hendricks has been named the wealthiest female entrepreneur in the USA. Hendricks founded ABC Supply (now America’s largest roofing and siding distributor) with her husband and has continued to run the company since his death in 2007. She has a net worth of $8 billion.
Denise Coates CBE, who founded the online gambling company Bet365, is Britain’s top self-made female billionaire. The 53-year-old has a net worth of $11 billion.
Self-Made Working Mums on the Rise
It’s worth noting that Zhong, Hendricks and Coates are not only among the world’s top self-made woman billionaires, all three of them are also working mothers.
The USA’s Whitney Wolfe-Herd, recently named the world’s youngest self-made female billionaire at the age of 31, is also a working mum. Earlier this year, the Bumble founder made headlines when she took her company public – and proudly held her one-year-old son on her hip while ringing the virtual Nasdaq opening bell.
Wolfe-Herd is known for offering her Bumble employees benefits like paid parental leave and flexible start times to balance work and family. She’s the latest of just the 22 women ever to take a company public, as well as being the youngest yet.
As today’s workspace becomes more flexible and agile, it’s becoming easier for more women to juggle the dual demands of work and family successfully. However, there are still significant gender pay gaps that need to be addressed in the UK, US and European workplaces.
Women entrepreneurs face more significant financial challenges than their male counterparts, with 35% still dealing with gender bias as they work to raise their business capital. This gender disparity applies across the board, with male billionaires on a much higher earnings trajectory than their female counterparts.
Fortunately, things like progressive parental leave, flexible working, childcare facilities in the office and more female representation in the workforce are positive signs that women are being more supported in business.
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