Two Indian-origin women on Forbes list of America's richest self-made women; check full list here
Jayshree Ullal is ranked 18th in the list of 60 self-made women in America, having a net worth of 1.3 billion dollars while Neerja Sethi is ranked 21st with a net worth of a billion dollars.
Forbes has just released a list of America's 60 richest self-made women with two Indian-origin women making it to the list. Notably, both of them are technology executives. They are Jayshree Ullal and Neerja Sethi.
Ullal is ranked 18th in the list of 60 self-made women in America, having a net worth of 1.3 billion dollars while Sethi is ranked 21st with a net worth of a billion dollars.
Jayshree Ullal
Born in London and raised in India, Ullal, 57 has been president and CEO of Arista Networks, a computer networking firm, since 2008.
The publicly-traded company recorded revenues of USD 1.6 billion in 2017. Forbes said Ullal owns about five per cent of Arista's stock, some of which is earmarked for her two children, niece and nephew.
Neerja Sethi
Sethi, 63, is the vice president of IT consulting and outsourcing company Syntel, a company she cofounded with her husband Bharat Desai in 1980 in their apartment in Troy, Michigan.
Starting out with an initial investment of just USD 2,000, they pulled in a mere USD 30,000 in first-year sales. Syntel racked up USD 924 million in 2017 revenues and has 23,000 employees, 80 per cent of whom are in India, Forbes said.
Kylie Jenner youngest on the list
Kylie Jenner, 21-year-old reality-TV star and entrepreneur, is the youngest to be featured in the power list. She is half sister of Kim Kardashian, who herself made it to the Forbes list for the first time ever.
"America's top female entrepreneurs have shattered ceilings and scaled new heights, creating companies and building fortunes in everything from genetic testing to aerospace. Increasingly these self-made starters are tapping social media to cement their brands and build businesses ever more quickly. That in turn has helped the nation's most successful women become richer than ever before," Forbes said.
The combined net worth of the 60 women on the list is a record $71 billion, 15 per cent more than in 2017. The minimum net worth to make Forbes' fourth annual ranking of these top women jumped 23 per cent to a record USD 320 million.
Twenty-four of these women are billionaires, another record, up from 18 last year. Seven newcomers joined the ranks, including four Instagram-savvy makeup moguls. The richest of these new faces is billionaire Anastasia Soare, whose cosmetics company Anastasia Beverly Hills, best known for beautifying eyebrows, now has more than 17 million followers on Instagram.
Taking the number one spot is Diane Hendricks, a Wisconsin billionaire who owns ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America.
The vast majority of list members hail from California -- 27 altogether. Although 17 list members made their fortunes in fashion and retail, 13 including Facebook's Sheryl Sandberg built fortunes in technology, while 10 including Oprah Winfrey and Taylor Swift made it in media and entertainment, Forbes said.
Forbes America's Richest Self-Made Women: Check full list here:
Rank Name
#1 Diane Hendricks
#2 Marian Ilitch
#3 Judy Faulkner
#4 Meg Whitman
#5 Johnelle Hunt
#6 Oprah Winfrey
#7 Judy Love
#8 Doris Fisher
#9 Elaine Wynn
#10 Lynda Resnick
#11 Thai Lee
#12 Sheryl Sandberg
#13 Jin Sook Chang
#13 Kathy Fields
#13 Katie Rodan
#16 Peggy Cherng
#16 Gail Miller
#18 Jayshree Ullal
#19 Eren Ozmen
#19 Alice Schwartz
#21 Sara Blakely
#21 Carolyn Rafaelian
#21 Neerja Sethi
#21 Anastasia Soare
#25 Christel DeHaan
#26 Weili Dai
#27 Kylie Jenner
#28 Kit Crawford
#29 Tory Burch
#30 Sheila Johnson
#31 Nancy Zimmerman
#32 Safra Catz
#33 Anne Dinning
#34 Vera Wang
#35 Marissa Mayer
#36 Madonna
#37 Huda Kattan
#38 Mary West
#38 Victoria Zoellner
#40 Theresia Gouw
#40 Kendra Scott
#42 Susan Wojcicki
#43 Donna Karan
#44 Jamie Kern Lima
#44 Anne Wojcicki
#46 Celine Dion
#46 Adi Tatarko
#48 Judy Sheindlin
#48 Barbra Streisand
#50 Nora Roberts
#51 Kathy Lehne
#51 Therese Tucker
#53 Beyoncé Knowles
#54 Janice Bryant Howroyd
#54 Kim Kardashian West
#54 Danielle Steel
#57 Martine Rothblatt
#58 Liz Elting
#58 Jessica Iclisoy
#60 Taylor Swift
03:34 PM IST