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The 10 Richest Self-Made Female Entrepreneurs in the World

People

Approximately 1810 billionaires roam the Earth with a combined net worth of $6.48 trillion, per Forbes’ annual billionaire roundup. You could probably name a handful of those billionaires off the top of your head without looking at the list. Bill Gates, Michael Bloomberg, Mark Zuckerberg, and Warren Buffett are all easy guesses. What’s less easy to do, however, is to name female billionaires from that list. That’s partly because of those 1810 billionaires, only about 190 are women.


Interestingly, of those 190 women, 33 are entrepreneurs who built their cash stash via their own business ventures. With some help from Market Inspector, we’re recognizing the 10 richest.

1

Zhou Qunfei, Lens Technology, $7.1 billion

Meet China's richest woman. She was born in 1970 and literally worked her way up from the very bottom. She went from sweeping factory floors to founding Lens Technology, one of the leading manufacturers of smart phone touch screens.

2

Chan Laiwa, Fuwah International Group, $5.5 billion

Also from China, Chan Laiwa is the founder of one of Beijing’s most successful commercial property development companies. She was born into royalty in 1941, but still built her business from scratch.

3

Pollyanna Chu, Kingston Financial, $4.7 billion

Pollyanna Chu oversees Kingston Financial, one of the most successful home-grown brokerages in Hong Kong. She’s also an executive at Golden Resorts Group and Sincere Watch, and was born in 1958.

4

Diane Hendricks, ABC Supply, $4.3 billion

Hendricks, born in 1947, is from Wisconsin and serves multiple roles: businesswoman, philanthropist and film producer. Her primary business venture is ABC Supply, a roofing supply company.

5

Wu Yajun, Longfor Properties, $3.7 billion

Wu Yajun is another Chinese businesswoman on this list, and is the co-founder and former CEO of Longfor Properties, a real estate development company. She was born in 1964.

6

Denise Coates, Bet365, $3.4 billion

Denise Coates is the richest woman in Britain and considered England’s leading businesswoman. She was born in 1967 and is the founder of Bet365, an online gambling company.

7

Oprah Winfrey, Oprah Winfrey Network, $2.9 billion

Perhaps the most familiar name on this list, Oprah Winfrey, born in 1954, is best known for her work on her eponymous talk show. She’s since retired as a host and is now the owner of the Oprah Winfrey Network (OWN).

8

Lam Wai Ying, Biel Crystal Manufactory, $2.9 billion

Biel Crystal Manufactory is a touchscreen manufacturer that provides screens for Apple devices. The company was founded by Lam and her husband, Yeung Kin-man.

9

Giuliana Benetton, Benetton Group, $2.6 billion

Born in Italy in 1937, Giuliana Benetton is co-founder of Italian fashion brand Benetton Group, which has reached global acclaim with over 5000 stores worldwide.

10

Doris Fisher, Gap, $2.6 billion

You may be more familiar with The Gap itself than you are with the woman who founded it. Doris Fisher, born in 1931, established the brand in 1969 with her husband, Donald.

While money certainly isn’t the only indicator of success, it tends to be an accurate gauge for when an entrepreneur’s doing something right. Mad props to these 10 women for kicking ass in the business sphere and inspiring countless others to follow in their footsteps.

Culture

A Modern Day Witch Hunt: How Caster Semenya's Gender Became A Hot Topic In The Media

Gender divisions in sports have primarily served to keep women out of what has always been believed to be a male domain. The idea of women participating alongside men has been regarded with contempt under the belief that women were made physically inferior.


Within their own division, women have reached new heights, received accolades for outstanding physical performance and endurance, and have proven themselves to be as capable of athletic excellence as men. In spite of women's collective fight to be recognized as equals to their male counterparts, female athletes must now prove their womanhood in order to compete alongside their own gender.

That has been the reality for Caster Semenya, a South African Olympic champion, who has been at the center of the latest gender discrimination debate across the world. After crushing her competition in the women's 800-meter dash in 2016, Semenya was subjected to scrutiny from her peers based upon her physical appearance, calling her gender into question. Despite setting a new national record for South Africa and attaining the title of fifth fastest woman in Olympic history, Semenya's success was quickly brushed aside as she became a spectacle for all the wrong reasons.

Semenya's gender became a hot topic among reporters as the Olympic champion was subjected to sex testing by the International Association of Athletics Federations (IAAF). According to Ruth Padawer from the New York Times, Semenya was forced to undergo relentless examination by gender experts to determine whether or not she was woman enough to compete as one. While the IAAF has never released the results of their testing, that did not stop the media from making irreverent speculations about the athlete's gender.

Moments after winning the Berlin World Athletics Championship in 2009, Semenya was faced with immediate backlash from fellow runners. Elisa Cusma who suffered a whopping defeat after finishing in sixth place, felt as though Semenya was too masculine to compete in a women's race. Cusma stated, "These kind of people should not run with us. For me, she is not a woman. She's a man." While her statement proved insensitive enough, her perspective was acknowledged and appeared to be a mutually belief among the other white female competitors.

Fast forward to 2018, the IAAF issued new Eligibility Regulations for Female Classification (Athlete with Differences of Sexual Development) that apply to events from 400m to the mile, including 400m hurdles races, 800m, and 1500m. The regulations created by the IAAF state that an athlete must be recognized at law as either female or intersex, she must reduce her testosterone level to below 5 nmol/L continuously for the duration of six months, and she must maintain her testosterone levels to remain below 5 nmol/L during and after competing so long as she wishes to be eligible to compete in any future events. It is believed that these new rules have been put into effect to specifically target Semenya given her history of being the most recent athlete to face this sort of discrimination.

With these regulations put into effect, in combination with the lack of information about whether or not Semenya is biologically a female of male, society has seemed to come to the conclusion that Semenya is intersex, meaning she was born with any variation of characteristics, chromosomes, gonads, sex hormones, or genitals. After her initial testing, there had been alleged leaks to media outlets such as Australia's Daily Telegraph newspaper which stated that Semenya's results proved that her testosterone levels were too high. This information, while not credible, has been widely accepted as fact. Whether or not Semenya is intersex, society appears to be missing the point that no one is entitled to this information. Running off their newfound acceptance that the Olympic champion is intersex, it calls into question whether her elevated levels of testosterone makes her a man.

The IAAF published a study concluding that higher levels of testosterone do, in fact, contribute to the level of performance in track and field. However, higher testosterone levels have never been the sole determining factor for sex or gender. There are conditions that affect women, such as PCOS, in which the ovaries produce extra amounts of testosterone. However, those women never have their womanhood called into question, nor should they—and neither should Semenya.

Every aspect of the issue surrounding Semenya's body has been deplorable, to say the least. However, there has not been enough recognition as to how invasive and degrading sex testing actually is. For any woman, at any age, to have her body forcibly examined and studied like a science project by "experts" is humiliating and unethical. Under no circumstances have Semenya's health or well-being been considered upon discovering that her body allegedly produces an excessive amount of testosterone. For the sake of an organization, for the comfort of white female athletes who felt as though Semenya's gender was an unfair advantage against them, Semenya and other women like her, must undergo hormone treatment to reduce their performance to that of which women are expected to perform at. Yet some women within the athletic community are unphased by this direct attempt to further prove women as inferior athletes.

As difficult as this global invasion of privacy has been for the athlete, the humiliation and sense of violation is felt by her people in South Africa. Writer and activist, Kari, reported that Semenya has had the country's undying support since her first global appearance in 2009. Even after the IAAF released their new regulations, South Africans have refuted their accusations. Kari stated, "The Minister of Sports and Recreation and the Africa National Congress, South Africa's ruling party labeled the decision as anti-sport, racist, and homophobic." It is no secret that the build and appearance of Black women have always been met with racist and sexist commentary. Because Black women have never managed to fit into the European standard of beauty catered to and in favor of white women, the accusations of Semenya appearing too masculine were unsurprising.

Despite the countless injustices Semenya has faced over the years, she remains as determined as ever to return to track and field and compete amongst women as the woman she is. Her fight against the IAAF's regulations continues as the Olympic champion has been receiving and outpour of support in wake of the Association's decision. Semenya is determined to run again, win again, and set new and inclusive standards for women's sports.