Who is the richest woman in America in 2018? It’s Alice Walton, heiress to Walmart Stores Inc., whose net worth is an incredible $40.8 billion. Other top richest women in the US in 2018 are:
2018 has officially began, but the US-wealthiest list pulls through with little to no changes. The list of top 10 richest ladies in one of the world’s leading economies remains identical as in 2017, and mentions names that can also be found on international fortune compilations that combine both genders. As expected, the list of top 10 richest women in America in 2018 is quite versatile, and includes both self-made billionaires and inheritors of prominent companies and jaw-dropping fortunes to combine a total net worth of over $100 billion.
The US can confidently be considered a women-on-business nation, with several millions of successful and incredibly rich ladies that contributed to the states’ economic wealth. Being considered a rich woman in America is quite an ambitious task, given that the bare minimum you should possess is $250 million, be those individual assets or investments in public companies. Classifications vary considerably from each other, and the ones with the stricter criteria list only the ladies whose fortune is a result of their own efforts. Interestingly, 20 of the 50 richest women in the States come from California, with the remaining 30 including also ladies whose origins are not American. Most of them are successful investors, contractors, or operate in the technology industry, six of which currently employed as executives of leading Silicon Valley companies (including Google). Some of these ladies also established their own mega-successful businesses, and turned them into money-making machines. Such cases will also be present on our top 10 list.
To be discussed are also several household names with dynastic presence, followed by famous wives and shareholders, and successful female entrepreneurs. Interestingly enough, some of the ladies positioned on this list are not even American by origin, and account for what can confidently be called the accomplishment of the Great American Dream.
So, which are the top 10 richest women in America in 2018? How rich are they in fact, and how did they wrap up such fortunes? Let’s discover!
To launch the countdown, we’ve got billionaire Diane Goldman Kemper. Mrs Kemper is known to the public as a successful real estate investor, and leading stakeholder in her family’s business. She and her three siblings Allan, Jame, and Amy inherited one of the largest real estate portfolio in the States, and own investments in over 1900 residential and commercial properties in New York. Her net worth for 2017 was estimated to $3.1 billion, and the list of leading rentals got enriched by retail and office space on Madison Avenue, as well as several Upper East Side coops.
Diane headed the residential leasing department in the company together with her sister, but gave up on the position few years ago due to serious health issues. She has no active role in the department at this point, but manages a significant 17% stake of the developments in the World Trade Center. Both her and her siblings participate actively in charitable and fundraising activities.
As we move up our list, we come across a popular Walmart heiress. Christy Rush Walton is the widow of John Walton, one of the sons of Sam Walton who founded and ran Walmart. Her exact net worth is not known to the public, but it is believed she owns over $4 billion. Her fortune, however, is not solely based on her shares in Walmart – she earns also from her husband’s investment in First Solar. The couple has only one son named Lucas Walton.
Christy Walton is involved in a large number of philanthropic activities, and serves actively in successful nonprofits such as national association of trustees and staff and the Philanthropy Roundtable. Meanwhile, she established her own charitable foundation (Walton Family Charitable Support), and has donated over $1.6 million in education improvement. Another interesting fact is that the family owns a production company Tenaja Productions, and has financed the film adaptation for Bless Me in 2013.
Jin Sook Chang has another successful American dream story to tell. As a young Korean immigrant, she arrived to the States with big plans and a relatively limited budget to make them work. Yet, she didn’t give up – Jin got employed as a hair-dresser, and she and her husband managed to save $11.000 for their first clothing store. The very same venue is nowadays one of America’s best known retail brands Forever 21. The current net worth of this self-made billionaires is $4 billions.
Chang’s role in the company is chief merchandising officer, where she is actively assisted by her two daughters Linda and Esther. At the moment, they own over 800 stores in 48 different countries, and provide jobs for 43,000 people. Earlier in 2017, the family got involved in a discrimination scandal and sued for prohibiting employees to use languages other than English, but all charges were dropped. The family is participating actively in a variety of fundraising activities and charity groups.
Ken Hendricks’s widow and famous film producer Diane Hendricks also deserves a place on this list, with an estimated fortune of $4.9 billion. Born and raised in a dairy producing family in Wisconsin, Diane decided to pursue a career in real estate, and skipped college instead. She met Ken while he was working as a roofing contractor, and their professional collaboration ended up in a long and successful marriage with seven children. The couple created the roofing company ABC supply, which soon grew into a large private conglomerate and one of today’s best-known commercial construction companies. Following the death of Ken Hendricks in 2007, Diane became the sole owner and chairperson of Hendricks Holding.
Diane Hendricks is also popular for charity work, as she is the main donor of WisconsinEye and Rock County. For a certain period of time, she led Beloit Memorial Hospital, Forward Janesville, Blackhawk Bank, and the Stateline Boys & Girls Club. She also supported the governor campaigns of Scott Walker and Paul Ryan in the period 2012-2014, and acted as an economic adviser for US’s current president Donald Trump. She is best known to the public for having produced three successful movies – The Stoning of Soraya M., An American Carol, and Snowman.
Position number 6 belongs to lady Marian Ilitch, founder of Little Caesars Pizza, and owner of the large family business Ilitch Holdings. The Michigan-born billionaire with Macedonian origins married Mike Ilitch in 1954, and the couple founded a small and local restaurant that has become one of the largest American franchises. After the death of her husband, Marian and her seven children inherited a sales chain of approximately $5 billion, which made her one of the richest businesswomen in the States and worldwide. Alongside their chair of restaurants, the family invests in sports, gaming, and entertainment.
Ilitch is also the original investor in Detroit’s biggest and best known casino MotorCity, which is reportedly the world’s most profitable gaming business owned and governed by a woman. Much of her revenue derives from minor investments in coast-to-coast gaming venues for federally recognized American tribes. Marian and her partner Michael J. Malik are official stakeholders in New York’s Shinnecock Indian Nation, Barwest, LLC. in California, and Little River Casino Resort in Michigan. Marian also owns baseball team Detroit Tigers, and has built one of the best-equipped baseball stadiums in the States called Comerica Park. She also runs a dedicated fundraising program called Love Kitchen which aims to help disaster victims across the State, a good deed that has been recognized by several American presidents. As reported by Forbes, Marian is also an active contributor to many Detroit charity groups.
Blair Parry-Okeden owns 25% of the shares at her grandfather’s media company Cox Enterprises. The heiress owns capital estimated at $12 billion, but she has no active role in Cox Enterprises. The current chairman of the company is her brother James C. Kennedy.
Blair is married to Simon Parry-Okeden, with whom she has two sons – Andrew and Harry. The family resides in Rockview Station, Australia since 1970.
Mrs. Okeden is also involved in a number of philanthropic activities, including non-profits, age care centers, schools, and education development programs. An interesting fact is that Blair published her own children’s book called Down By The Gate. The current value of her media and automotive company is $20.1 billion.
Abigail Pierrepont Johnson is the fourth lady on our top 10 list, chief executive officer of Fidelity Investments (FMR) and media’s favorite businesswoman. The company was established by Edward C. Johnson II, her grandfather, and currently ran by her father Edward C. “Ned” Johnson III. Abby has a company of her own – Fidelity International (FIL) which brought her an enormous fortune of $16 billion. At the moment, she is also listed among the richest female entrepreneurs in the world.
Abigail prides herself with a membership at the Committee on Capital Markets Regulation, as well as the Board of Directors of Securities Industry and Financial Markets Association (SIFMA), which makes her the only woman actively participating in the Financial Services Forum. She was also ranked among the most powerful women in the world several times, including 2016. She possesses a degree in Art History since 1984. Details on her private life are not available in public.
Third on the list is 55-years old Laurene Powell Jobs, best known to the public as the widow of late businessman Steve Jobs with a fortune of $19.4 billion. She is a popular executive and very successful businesswoman that co-founded the Board of College Track, and established independently Emerson Collective Advocacy that specializes in education and immigration reform. Before that, she graduated in Political Science at the University of Pennsylvania, School of Arts and Sciences; and earned an M.B.A in Stanford Graduate School of Business. She married Steve Jobs in 1991, with whom she has three children: Reed, Erin, and Eve.
Laurene’s fortune derives, other than her own investments, from the inherited 38.5 million Apple Shares, the Steven P. Jobs Trust,and the 7.3% stake in The Walt Disney Company. These shares made her the richest lady in the technology sector worldwide. Meanwhile, she launched her own natural foods company called Terravera, and spent several years working as a trading specialist at Goldman Sachs.
Mrs. Powell Jobs is also a dedicated philanthropist involved in several education improvement projects. She invested over $500 million, established a number of college funds, and currently chairs the advisory board of the Council of Foreign Relations at Stanford University. In 2014, Forbes listed her among the 30 most powerful women in the world.
The second position among the 10 wealthiest US ladies belongs to Jacqueline Mars, a 79-years old heiress and influential investor known everywhere in the world. Mrs. Mars inherited the shares of her family business Mars, Inc. (a confectionery company) worth $22 billion. In its shiniest years, Mars, Inc. was an undisputed leader in its industry, but got surpassed by Walmart in 1988.
As reported by Forbes and Ranker.com, Mars also made it to the list of 30 Richest People in the World for 2017. Jacqueline built her career administering the family business together with her sister Victoria B.Mars, and abandoned the idea of working in anthropology, a major she graduated at Bryn Mawr College. She has never been politically active, but her family spent significant amounts on lobbying activities in the Congress in order to eliminate estate taxes.
Jacqueline’s first husband was David H. Badger, with whom she had three children (Alexandra Badger, Stephen M. Badger, and Christa Badger). The couple divorced in 1984, after which Jacqueline married Swiss writer Hank Vogel. The marriage lasted until 1994.
Alice Walton is the richest women in America in 2018. Once again the absolute leader is the heiress to Walmart Stores, Inc. whose net worth is incredible $40.8 billion. According to Forbes, Walton is also the richest woman in the world, after she took the place of late Liliane Bettencourt in September this year. Walmart has three brothers who also appeared on the list of richest people in the world, namely Jim Walton, S.Robson Walton, and now late John R. Walton. Despite of being the only woman among the heirs of a huge money-making machine, Alice Walton had an active role in maintaining and enhancing the family’s fortune, and did so while developing a career as an investment banker.
Alice launched her career as a financial analyst and then manager at First Commerce Corporation, and was then named head of investment activities at the Arvest Bank Group. E.F.Hutton hired her as a chief broker, a position she abandoned in 1998 to found her own company Llama – an investment bank she headed as a CEO and chairwoman. She also administered the Northwest Arkansas Council, where she made a remarkable contribution of $79.5 million to the development of the regional airport, and consequently got a terminal named Alice L. Walton Terminal Building. In 2001, her name was added to Arkansas’s Aviation Hall of Fame.
Alice Walton is also well-known for her art-collecting passion. She is the proud owner of Picasso’s best-known reproduction Blue Nude and Asher Brown Durand’s Kindred Spirits, both acquired on a price higher than $30 million. Her favorite artists are Marsden Hartley, Winslow Homer, and Edward Hopper. For a while, Walton was also politically active – she made one of the largest contributions to the U.S. presidential elections of 2004, and actively participated in raising funds for Restore Our Future and The Hillary Victory Fund. Little is known on her private life.
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