The young women who made Forbes’ list of America’s Richest Self-Made Women for 2023 have shown great drive and tenacity, succeeding at astonishing early ages by pursuing their hobbies and devoting significant effort.
Only 11 of the 100 people on this year’s list of the most successful and wealthy self-made women in the US business, professional, and entertainment industries are under the age of 40.
The number of women under 40 on the list hasn’t changed from the previous year, but the names that are listed have. Some newcomers have succeeded in rising through the ranks, while others have fallen below the cutoff.
Forbes’ List Of Wealthiest Women Under The Age Of 40
Have a look at the list of gorgeous self-made ladies who aced the Forbes’ Under 40 list:
Kylie Jenner
Jenner has maintained her title as the youngest independent woman. Her net worth has grown by $80 million since last year. She founded Kylie Cosmetics in 2015 after becoming well-known for the television series Keeping Up with the Kardashians. Kylie used her sizable Instagram following to advertise her well-liked lip kits. She retained around 44% ownership after selling a controlling share in the business to Coty for $600 million in 2020.
Lucy Guo
In April of last year, Guo founded Passes, a web3 platform for artists, and by September, had raised $8 million. Her primary source of income is her almost 6% ownership position in the AI startup Scale AI, which she co-founded in 2016. Guo departed the company in 2018, and since then, it has lost one-third of its worth.
Taylor Swift
The American pop celebrity’s net worth has climbed by $170 million since last year thanks to the publication of her album “Midnights” and the release of her Eras tour. A part of the proceeds from the sale of more than 2 million tickets for the tour by Ticketmaster will go to Swift. Additionally, on July 7th, she will release the re-recorded version of her album “Speak Now (Taylor’s Version).”
Whitney Wolfe Herd
The creator of Bumble, who was previously a billionaire, lost $230 million in the past year as a result of the app’s stock falling precipitously. The stock has dropped by over 80% since its IPO. Despite difficulties, such as a decline in paying customers for Badoo, the company’s international dating service, Wolfe Herd and her husband were able to buy a $21 million California property from Ellen DeGeneres in January.
Rachel Romer
Romer created Guild Education in 2015, and in June 2022, the firm secured $175 million in investment, valuing it at $4.4 billion. The business supports staff members in obtaining job-related skills and college degrees without debt. After her
divorce in late 2022, Romer’s fortune—previously recorded under her marital name, Carlson—was reduced by almost half.
Rihanna
121 million people saw Rihanna’s highly regarded Super Bowl halftime performance. She made an appearance and released new music for the Black Panther: Wakanda Forever soundtrack after a five-year absence. Rihanna is involved with a number of businesses, including the recent Fenty X Puma deal and the Savage X Fenty lingerie brand, in which she has a 30% share. Her primary source of wealth is Fenty Beauty, the cosmetics brand she co-owns with LVMH and whose sales doubled in 2022.
Christina Cacioppo
The native of Ohio developed an early interest in entrepreneurship, starting an eBay Beanie Baby business at the age of 11. Despite prior business failures, she co-founded the security and compliance company Vanta in 2017. She guided its quick expansion as CEO, servicing more than 5,000 clients internationally. In June 2022, Vanta’s most recent fundraising round valued the company at $1.6 billion.
Neha Narkhede
Neha is also one of the richest self-made women. In March, the former software engineer Neha Narkhede, who is now an entrepreneur, established Oscilar, a fraud detection business. She served as CEO of the company they co-founded in 2021 and funded with $20 million. She was once the CTO and co-founder of Confluent, a data-streaming software business that went public in 2021 and achieved an astounding valuation of $9.1 billion.
Iman Abuzeid
Abuzeid was raised in Saudi Arabia as the daughter of a surgeon from Sudan. She studied for a medical degree in the UK before deciding to skip her residency and work in health consulting in the US. In order to alleviate the nursing shortage in American hospitals, she co-founded Incredible Health in 2017. The site, which is sometimes compared to an improved version of LinkedIn for nurses, received $80 million in fundraising in August 2022, giving it a $1.65 billion market value.
Huda Kattan
Huda Kattan, the company’s creator and CEO, provides a wide selection of more than 100 cosmetics, skincare products, and perfumes. The business was valued at $1.2 billion when TSG Consumer Partners, a private equity firm, purchased a minority share in it in 2017. Kattan parents were immigrants from Iraq and raised her in Oklahoma. Kattan invests in other businesses through HB Investments, a company located in Dubai, including Clubhouse, a social audio app.
Julia Cheek
In order to combat the high costs of lab tests for vitamin and hormone abnormalities, Cheek founded Everly Health in 2015. Online and at retail establishments like Target and CVS, they sell at-home testing kits. Despite job losses connected to COVID, the business had over $250 million in sales in 2022. With an emphasis on screening and diseases like thyroid and weight reduction, Everly Health is growing to link clients with physicians and medicines.
These women have established enormous fortunes in various fields, including music and beauty. These women act as role models for budding business owners worldwide, encouraging us with their accomplishments.
These are the richest self-made women in America under 40. Did you find them inspiring?
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