Men have dominated the business world for years at the top of the corporate ladder. However, the rise of powerful women like Coco Chanel and Estée Lauder ushered in a new age for businesswomen all across the world. Now working side by side in a range of business fields, including publishing, technology, fashion, radio, and cosmetics, to build their firms as household names. But, who are the famous female entrepreneurs that we all aspire?
Male entrepreneurs used to make up the majority of the business world. However, the number of female entrepreneurs around the world has increased in recent years.
Many incredible success tales can be heard from some of these outstanding women. So, here are the Top 15 Female Entrepreneurs to get inspiration from!
Company: Nasty Gal and Girlboss Media
Net worth: $5 million (£4 million)
Sophia Amoruso has faced many setbacks while building her company, but she has persevered and created an inspiring brand for Millennials. She stood down as Nasty Gal’s CEO in 2015 and saw the company go bankrupt, but she saw it as a setback and went on to launch Girlboss, a website dedicated to counseling and encouraging women on wellness, beauty, and careers, and more.
Despite the fact that her net worth has decreased from $280 million in 2016 to $5 million now, her entrepreneurial zeal has earned her a place on this list!
Company: Fenty Beauty, Fenty Skin, and Savage x Fenty
Net worth: $600 million (£450 million)
Robyn Fenty, better known as Rihanna, began her career on stage but has since evolved into an entrepreneur’s dream. She has become a big name in the cosmetic business since debuting her 40-shade inclusive foundation brand.
She also owns Fenty x Savage and Fenty House with LVMH, making her the only artist to be associated with the house that also controls Givenchy and Dior. Her most recent Fenty brand development includes a skincare line that is suitable for all skin types.
Company: Kylie Cosmetics and Kylie Skin
Net worth: $620 million (£448 million)
Kylie Jenner, who is only 21, became the world’s youngest female entrepreneur at the age of 21, causing a stir due to her celebrity status. Regardless of the debates, Jenner has proven to be a highly successful entrepreneur with her Kylie Cosmetics and Kylie Skin beauty companies.
Her company has expanded at a quicker rate than any other beauty brand before her, according to Entrepreneur, demonstrating that she has a sound business approach.
Company: Martha Stewart Living Omnimedia
Net worth: $400 million (£289 million)
Martha Stewart rose to fame as a celebrity chef after releasing multiple cookbooks and writing pieces for several publications. With the establishment of Martha Stewart Living Omnimedia in 1997, the businesswoman centralized all of her endeavors. She has since dabbled in television and radio, but she remains focused on her culinary prowess.
Company: Vera Wang
Net worth: $500 million (£361 million)
In comparison to the other women on this list, Vera Wang was a late bloomer. She didn’t establish her own fashion company until she was 40 years old when she designed her own wedding gown. Fortunately, Wang had all of the necessary contacts because of her time at Vogue magazine.
Her brand has subsequently grown to include everything from jewelry to homeware and cookery, as well as clothing, shoes, and accessories.
Profession: Novelist, film producer, and screenwriter
Net worth: $60 million (£45 million)
JK Rowling, a British novelist, encountered several challenges and rejections when attempting to publish her first book, Harry Potter and the Philosopher’s Stone. Rowling’s works became an instant smash after she broke through the publication boundaries, with the book series being turned into films, merchandising, and even adventure parks.
Company: Tory Burch
Net worth: $900 million (£650 million)
Tory Burch decided to spread her wings and launch her own line after working for some of the world’s most prestigious fashion houses, including Polo Ralph Lauren, Vera Wang, and Loewe. She created her own fashion label in 2004, which has been a big hit thanks to its innovative and on-trend designs.
Burch wanted to get involved in philanthropy after her success, so she formed the Breast Cancer Research Foundation, which helps people with cancer and educates young women about the condition.
Company: Huda Beauty
Net worth: $490 million (£354 million)
Huda Kattan began her beauty business after quitting her job in finance in Dubai. As a freelance makeup artist, she struggled to obtain good quality false eyelashes, so she decided to develop her own synthetic and faux minx lashes. Huda Beauty lashes sold out on the first day after becoming the new ‘it’ product for Kim Kardashian, making cosmetics queen Kattan a name to watch. Her beauty empire has since expanded to skincare, with the launch of her new Wishful line, which promotes natural, radiant skin.
Company: Harpo Productions
Net worth: $2.5 billion (£1.8 billion)
Oprah Winfrey, the talk show queen who founded Harpo Productions, the Oprah Winfrey Network (OWN), and the Oprah Winfrey Leadership Academy for Girls, was not always successful. She started from the bottom and rose to become one of the most powerful women in the empire, despite her humble beginnings.
Oprah Winfrey, the media magnate, continues to expand her empire. Winfrey co-founded Oxygen Media, a cable station, as a TV celebrity turned entrepreneur. She hosted her chat program until 2011 when she launched OWN: Oprah Winfrey Network, of which she is the CEO. Winfrey became a representative for Weight Watchers International after purchasing an equity position in the renowned subscription weight loss program in 2015. According to Forbes, Winfrey has a net worth of $2.6 billion.
She began her career as a news anchor before moving on to host her own talk show and philanthropist. She is a true inspiration to us all!
Net worth: $180 million (£130 million)
Sofia Vergara is best known for her role as Gloria Delgado-Pritchett on the blockbuster ABC show Modern Family. Sofia has, however, pushed her career beyond the small screen, cofounding an underwear company called EBY with Renata Black in 2019.
Her company sells seamless underwear subscription boxes in all sizes and shapes. The founders then use 10% of the revenues to provide small loans to women who are trying to make a life.
Company: Ivy Park
Net worth: $440 million (£318 million)
Beyoncé’s success began with music, but she has established herself as a tremendous entrepreneur in addition to being a vocal powerhouse. Despite her fashion triumphs with House of Deréon, Ivy Park, and her own fragrance line, the Queen of Pop has remained true to her roots. In 2019, Beyoncé became the first black woman to headline Coachella, making history and empowering women.
The singer-songwriter, who rose to prominence as a member of Destiny’s Child in the mid-1990s, has now established herself as a hugely successful female solo artist with a global brand. In 2012, Beyoncé agreed to a $50 million endorsement contract with PepsiCo. Beyoncé creates movies, music, and clothes through her Parkwood Entertainment firm. She secured a $60 million deal with Netflix in 2019 to supply content to the streaming giant.
Company: Sun Media Group
Net worth: $3.8 billion (£2.75 billion)
Yang Lan, the most influential woman in Chinese media, is definitely the most powerful woman in the world. She is a journalist and talk show hostess in addition to being the founder of the Sun Media Group. Bill Gates, Hillary Clinton, and Keanu Reeves are among the celebrities she’s interviewed.
Net worth: $3.7 billion (£2.68 billion)
Kiran Mazumdar-Shaw is famous for being India’s first female entrepreneur, as well as for her enormous wealth. In 1978, she started Biocon, a company that specializes in biopharmaceuticals and sells them in over 120 countries around the world.
Biocon, an Indian biopharmaceutical company, was founded by Kiran Mazumdar-Shaw. She started Biocon in a rented shed and grew it into India’s largest publicly traded biopharmaceutical company by revenue. Biocon, a multinational corporation, went public in 2004 and became the second Indian firm to surpass $1 billion in its first day of trading. According to Forbes, Mazumdar-Shaw is India’s wealthiest self-made woman, with a net worth of $4 billion as of February 2022.
Net worth: $6.1 billion (£4.4 billion)
Denise Coates is the successful proprietor of the betting site Bet365, which she developed and launched in a year. She was able to fund the company with a £15 million loan from the Royal Bank of Scotland (about $20 million), allowing it to grow into one of the top online gambling sites in the world.
Net worth: $750 billion (£542 million)
Sara Blakely, the future founder of Spanx, received rejection after rejection from investors when beginning her brand due to a lack of funds. Her company didn’t get off the ground until Oprah Winfrey publicly acknowledged her business idea.
Blakely, the creator of Spanx underwear for women and men, began with $5,000 of her own money, an idea, and sheer determination. Blakely, like Tory Burch, has a charity dedicated to helping women across the world. She partnered up with GlobalGiving to develop the Red Backpack Fund to empower women entrepreneurs amid the 2020 economic crisis, which provided over a thousand $5,000 prizes to women entrepreneurs.
There are many, many excellent female entrepreneurs around the globe, and this list is only the tip of the iceberg; yet, it should provide you with a solid overview of the world’s wealthiest and most successful businesswomen with a successful business.