America's Richest Self-Made Women of 2024

America's Richest Self-Made Women  of 2024

These 11 entrepreneurs, executives and  artists, including Taylor Swift and Kylie Jenner,  have broken down barriers in business and  entertainment. By Annika Grosser,  Contributor
You don't have to  spend a  lifetime building a fortune. The  newest members  of Forbes' 2024 list of  America's Richest Women are  proof.
Of the 100  members on the list, 11 are under 40. While  that number has  remained the same over the past  few years, some of its faces have changed as new women have  joined its ranks and others have  departed. The youngest  person on the list for the seventh year in a row is reality TV star and cosmetics entrepreneur Kylie Jenner, who, at 26, has been busy  launching her  Khy clothing line and founding  a vodka  soda company, Sprinter Spirits, both of which launched late last year.  . Jenner  debuted on the ranks at  the age  of 20, making her the youngest self-made woman  — which in itself  has sparked plenty of heated  debate. The only other  twenty-something on the  list is Lucy Guo, 29, who  co-founded artificial intelligence  company Scale AI in 2016 and left two years later. Guo  went on to found and  run Passes, an online platform for  creatives who share everything from makeup tips to relationship  advice.
The richest person under 40 is Rihanna, whose fortune  comes largely from her stake in  the Fenty Beauty cosmetics  line, which she  owns with French luxury goods group LVMH. Last summer, the pop star  welcomed her second child, Riot Rose, after announcing  her pregnancy during her Super Bowl halftime show.  Right behind her is Taylor Swift, whose Eras  tour catapulted her  to billionaire  status. Swift  has grossed more than $1 billion in ticket sales in 2023  — the first artist to  achieve that feat  — and the tour is expected to bring in another $1 billion by the  end of December.
Among the younger self-made women, there are also three  earners. The richest  among them is Shuo Wang,  co-founder and chief revenue officer of HR software  company Deel, who debuted on the list with  an estimated fortune  of $850 million. Wang,  35, left China for the United States at age 16 and sold scooters at flea markets while in high school.  He later studied robotics at MIT and  later co-founded two companies.
The most famous young woman on the list is Katy  Perry, 39. She joins the ranks  after a $225 million deal last fall in which the pop star sold her music rights to five of her six studio albums. Perry just wrapped up her seventh and final season as a judge on the  television singing competition series American Idol, after  announcing earlier this year that she  would be leaving the show to work on new  music. Three of last year's youngest  members — Huda Kattan, Rachel Romer and Julia  Cheek — fell below  the threshold this  year. The minimum to qualify  has been raised to $300 million, up from $225 million last  year.
Here are the  newest members  of the Forbes 2024 Self-Made Women list
Net  worth as of May 3, 2024;  age as of May 28, 2024
Kylie Jenner
Age: 26
Net worth: $710 million
Source of wealth:  Cosmetics
Self-study score: 7
The youngest Kardashian launched  her Khy clothing line last fall, then released Sprinter vodka soda and a  perfume called Cosmic in March.  The bulk of her wealth still comes from an estimated 44.1% stake in Kylie Cosmetics, plus  money from selling 51% of the  company to French beauty giant Coty in 2020 for $600  million.
Lucy Guo
Age: 29
Net worth: $500 million
Source of wealth: Artificial  Intelligence
Self-study score: 8
Her  company, Passes, a platform for creators  that offers makeup tutorials, relationship advice and more, raised $40 million in February from investors including Emma Grede (No. 87). Most of her  wealth is in her  roughly 6% stake  in artificial intelligence  company Scale AI, which she  founded with Alexandr Wang in 2016. (She left in 2018.) Scale AI was worth  about $7 billion as  of press time, according to  Forbes. But it's raising new funding from private investors at a  valuation of nearly $13  billion.
Whitney Wolfe Herd
Age: 34
Net worth: $400 million
Source of wealth: Dating  apps
Self-report score: 8
Wolfe Herd stepped down as CEO of Bumble in January,  nearly a decade after founding the dating  app aimed at women; she remains executive  chairman. Bumble shares have  fallen nearly 90% since the company  began trading in February 2021, when Wolfe Herd briefly became the country's youngest female billionaire. About $1.2 billion poorer today, she  was replaced by former Slack CEO Lidiane  Jones. Taylor Swift
Age:  34 years
Net worth: $1.3 billion
Source of wealth:  Music
Self-study result: 8
Music's biggest star  has dominated the concert  world and is set to become a  billionaire by 2023.  His Eras  tour set a record in December as the first to  bring in more than $1 billion in ticket sales, according to Pollstar; expected to bring in more than $2 billion by the  end of the year. In April, Swift released her latest album, The Tortured Poets Department,  the 31-track deluxe  version of which broke the streaming record set by her  2022 album  Midnights.
Shuo Wang
Age:  35 years
Net worth: $850 million
Source of wealth:  Human resource software
Self-study result: 8
Wang is  co-founder and chief revenue officer of HR software  company Deel. Less than five years after its founding, Deel surpassed $500 million in annual revenue in March. After moving  to the United States from China  at the age  of 16, Wang sold scooters at flea markets while in high school. She  later studied robotics at MIT and  co-founded air-purification company Aeris before  Deel.
Rihanna
Age: 36
Net worth: $1.4 billion
Source of wealth: Music,  cosmetics
Self-study score: 10
The Barbados-born pop star gave birth to her second child, Riot Rose, nearly six months after  revealing her pregnancy  on stage during the Super Bowl halftime show. Most of her wealth comes from her 50% stake in  the cosmetics line Fenty Beauty, her joint venture with  LVMH, which owns Sephora; Fenty launched a new mascara last year.

Christina Cacioppo Age: 36 Net worth: $385 million Source of wealth: Software Self-made score: 8 Automated security and compliance  startup Vanta,  of which she  is CEO, surpassed $100 million in annual recurring revenue in January. Cacioppo  co-founded Vanta in 2017 after  working at Dropbox and venture capital firm Union Square Ventures. The Ohio native says she speaks seven languages  and climbed Mount Kilimanjaro in 2008. Daniela Amodei Age: 36 Net worth: $830 million Source of wealth: Artificial  intelligence Self-made score: 8 Amodei is  the president of  Unicorn of Antropic Artificial Intelligence. She  co-founded the company in 2021  with her brother, Dario, who  serves as CEO, and five other researchers; all  of whom came from OpenAI and  are now  competitors with their former employer.  French Anthropic, which  builds large-scale AI systems and has partnerships with Amazon and Alphabet,  raises $750 million in new funding at an $18 billion valuation. Neha Narkhede Age: 39 Net worth: $680 million Source of wealth: Software Self-made score: 8 Narkhede is  the CEO of fraud detection startup Oscilar, which more than doubled its  staff in its first year out of  the closet to more than 60 employees. She and her husband self-funded the company, which they founded in 2021,  to the tune of $20 million. Narkhede owns about $450 million  in shares of  data streaming software company Confluent, which she  co-founded. Katy Perry Age: 39 Net worth: $350 million Source of wealth: Music Self-made score: 9 Perry sold the rights to her songs in a  deal that was finalized in September 2023  and is said to be valued at $225 million. She has since announced her  possible departure from  the television singing competition American Idol after seven years as a judge and hinted that  she was working on new music. Her  wealth comes primarily from income  from sales of her catalog  and also from  her tours. Iman Abuzeid Age: 39 Net worth: $350 million Source of wealth: Healthcare  market Self-made score: 8 A physician by training, Abuzeid launched Incredible Health in 2017 to help hospitals find and hire much-needed  nurses. The  company, which uses machine learning to match candidates  with permanent  positions, has raised funding at a $1.65 billion valuation  by 2022. In December 2023, Abuzeid announced that Incredible Health would  integrate Generative AI into its career marketplace.

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