Entrepreneurs
He Xiangjian Net Worth
He Xiangjian built massive wealth in China, manufacturing home appliances to make him one of the richest men in the world.

What is He Xiangjian’s net worth?
Net Worth: | $27 Billion |
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Age: | 80 |
Born: | October 5, 1942 |
Gender: | Male |
Height: | 1.64 m (5 ft 5 in) |
Country of Origin: | China |
Source of Wealth: | Entrepreneur |
Last Updated: | March 8, 2023 |
Introduction
He Xiangjian’s wealth was built on the back of his entrepreneurial skills, resulting in the Midea Group becoming the largest appliance manufacturer in China.
Xiangjian is one of China’s richest men and thirty-five of his employees have a net worth of more than a billion dollars.
The Chinese government believes that the company’s wealth is due to corrupt deals. His net worth is now open to debate as the Chinese government has started multiple corruption cases against him.
As of December 2023, He Xiangjian’s net worth is estimated to be $27 Billion.
He Xiangjian Facts
- The Midea Group is one of the world’s largest appliance makers and was co-founded by He Xiangjian and a mysterious group of investors.
- Most of his wealth is from his 30% stake in the Midea Group.
- 20 out of every 100 air conditioners in the world are manufactured by Midea.
- He Xiangjian enjoys sports and plays volleyball and tennis as hobbies.
- Comedian Sam Richardson starred as the ‘Chief Idea Officer’ in Midea’s U.S Brand launch campaign.
Early Life
He Xiangjian was born October 5, 1942, in Shunde, China.
There is not much known about He Xiangjian’s childhood as he has not revealed much about his family.
What we do know, is that his hunger for business started at a young age. While he was young, he started producing bottle lids and caps on a very low budget.
To increase the mystery factor, it is said that He Xiangjian never attended high school.
He Xiangjian grew up in poverty and it is said that his family did not even have enough money to buy bread. With this in mind, He Xiangjian feeds over two hundred thousand people free of charge every day.
Career
Once he saved 5,000 Yuan, Xiangjian created his first proper business in the same way that Changpeng Zhao started a business to help his family. He Xiangjian went from producing bottle caps to help feed his family, to producing furnished goods and then electrical appliances.
He started building the company at the age of twenty-six with the help of villagers in the city of Beijiao.
Unfortunately, the business was started at the time of communism’s rise in China. This was a problem for the company’s growth, as the communist government at the time did not want to promote private companies.
He’s company could not progress much for the next thirty-two years. But, after China’s move to a capitalistic economic structure, the company could finally progress and grow.
Midea Group became one of the biggest appliance makers in the whole of China. With this success, he decided to venture internationally
In the 1990s, the Midea Group was turned into one of the biggest appliance businesses worldwide.
The Midea Group had become a billion-dollar company by 1992 and according to figures reported in 2012, there are about thirty-five employees within the company who have a net worth of over a billion dollars.
Trading of its shares was suspended a few years ago due to a “critical matter” at the Midea Group. The government announced that the reason was because of a problem occurring during the merger of an unlisted company with Shenzhen-listed, GD Midea.
Because of government interference, the company began to struggle. Sales dropped dramatically and He stepped down as head of the company in 2012, even though the company needed active leadership.
After He Xiangjian’s retirement, his son took over as the managing director of the Midea Group.
He Xiangjian’s Career Earnings
He Xiangjian continues to be involved in the company as a controlling stakeholder, providing direction from behind the scenes.
His family control about a third of the business while He Xiangjian is enjoying a comfortable retirement away from the day-to-day business operations.
Here is an estimated overview of He Xiangjian’s annual income:
- He Xiangjian’s Salary In 2017 – $1.2 billion
- He Xiangjian’s Salary In 2018 – $1.5 billion
- He Xiangjian’s Salary In 2019 – $1.6 billion
- He Xiangjian’s Salary In 2020 – $1.8 billion
- He Xiangjian’s Salary In 2021 – $1.9 billion
- He Xiangjian’s Salary In 2022 – $2 billion
Despite the Chinese government’s accusations, He is still very much involved in the company’s affairs and continues to enjoy a huge income on the back of the company’s massive profits.
He Xiangjian’s Net Worth Annually
Unsurprisingly, He Xiangjian managed to increase his personal wealth as his company grew. Despite the setbacks and obstacles the Chinese government put in his way, He’s business is still thriving.
Here’s a breakdown of He Xiangjian’s annual net worth:
- He Xiangjian’s Net Worth In 2017 – $20 billion
- He Xiangjian’s Net Worth In 2018 – $22 billion
- He Xiangjian’s Net Worth In 2019 – $24 billion
- He Xiangjian’s Net Worth In 2020 – $26 billion
- He Xiangjian’s Net Worth In 2021 – $28 billion
- He Xiangjian’s Net Worth In 2022 – $30 billion
Unless something untoward happens to He Xiangjian, his enormous wealth will continue to grow as the demand for consumer goods worldwide is enormous. China can supply these consumables at a cheaper price than anywhere else, so his company enjoys a massive competitive advantage.
Personal Life
Not much is known about He Xaingjian’s personal life. What we do know, is that he is married and has three children. His son, He Jianfeng, is currently the managing director of the Midea Group and Midea Group Real Estate Holding.
He currently resides in Foshan, which is the same town in which he was born. He lives in Junlan International Golf Life Village, which was developed by the Midea Real Estate Group.
He Xiangjian is a recognized art collector and is the founder of the He Art Museum. It is a non-profit museum that is privately funded and was designed by Tadao Ando.
In 2020, it was reported that there was an attempted kidnapping of He Xiangjian. It was said that the kidnappers broke into his villa but his son, He Jianfeng, escaped the villa and swam across a river to alert the police. Five suspects were arrested after the police rescued He Xiangjian.
Awards & Achievements
He’s achievements are nothing short of spectacular given his poor background and the constraints of trying to grow a business under communism.
And when he reached the pinnacle of business success, he didn’t forget where he’d come from, making sure that he regularly contributed to charities and feeding schemes.
Here are some of the more memorable moments from He Xiangjian’s career:
- He has been ranked as the 36th richest person in the world by Forbes.
- He has been named Charity King of China since 2013.
- The Midea Group has more than 200 subsidiaries, including a robotics firm, Kuka, located in Germany.
- In 2018, He Xiangjian was awarded Reform Pioneer medals along with Jack Ma, founder of Alibaba, and Liu Chuanzhi, the founder of Lenovo.
With China irrevocably on the path to a capitalistic economy, He Xiangjian’s company and his shares in it will ensure his wealth endures. Unless, of course, the government decides that they want some of the action, and take it from him.
How Does He Xiangjian Spend His Money?
He Xiangjian is known to be the most charitable self-made billionaire in the whole of China. The only video available of He Xiangjian is of him on a stage announcing that he would be donating $875 million to charity.
With his early life experience of not being able to afford food, He Xiangjian feeds over two hundred thousand people daily, absolutely free of charge.
It is unlikely that he drives any of the most expensive cars in the world, but we’re sure that his garage is stocked with the best wheels that China has to offer.
Highlights
He Xiangjian is a workaholic who will stop at nothing to make his business bigger and stronger each year.
Xiangjian continues to help direct the company he started, even though his son is now the managing director and is following in his footsteps.
Here are some of the best highlights of He Xiangjian’s career:
- In 1968, He Xiangjiian employed 23 villagers from the town of Beijiao to help create a lid production workshop, which eventually became the Midea Group.
- He Xiangjian built up the Midea Group from a tiny nest egg investment, starting at the age of 26.
- In 2020, there was an attempt to kidnap He Xiangjian. Five suspects were arrested following the incident. This created a lot more hype around He Xiangjian.
- He Xiangjian is proud that his son, He Jianfeng, is now the managing director of the Midea Group as well as the Midea Real Estate Holding following his retirement.
The young He Xiangjian could never have imagined that one day his tiny company which employed a handful of villagers, would one day employ thousands of staff across the country.
After setting up his huge corporation, the next generation of Xiangjian’s family are now taking the business to the next level.
Favorite He Xiangjian Quotes
Unfortunately, He Xiangjian rarely grants interviews or speaks publicly. He doesn’t speak Mandarin very well either, even though it is the national language.
Here is our favorite (and only) quote from He Xiangjian:
- “I walk a step or two behind, rather than take half a wrong step.” – He Xiangjian
3 Amazing Lessons From He Xiangjian
What we know of He, is that he is a strong leader with a visionary approach to doing business.
Now that you know all about He Xiangjian’s net worth, here are some of the best success lessons to learn from He Xiangjian:
1. You Too Can Succeed
No matter the lifestyle you are living, you too can succeed believes He. With a poor family and starting with nothing to his name, He created a billion-dollar business.
2. Give Back To The Community
Knowing what it was like in his early years, He Xiangjian donates and feeds hundreds of thousands of people every day to ensure that they do not go through what he went through as a child.
3. Never Give Up Fighting
Even with the company going through intense government scrutiny, He Xiangjian never gave up and the company is still a worldwide success to this day through his efforts.
Summary
He Xiangjian is one of the most famous entrepreneurs in the world. At the Midea Historical Museum, you can see how the company started from a small plant and grew into a world-class, leading brand in the household appliance industry.
There are currently multiple corruption cases against He Xiangjian started by the Chinese government. The reason behind his not being caught out for anything is that it is difficult to trace his current assets.
As of December 2023, He Xiangjian’s net worth is estimated to be $27 Billion.
What do you think about He Xiangjian’s net worth? Leave a comment below.
Entrepreneurs
Kirsten Rausing Net Worth

What is Kirsten Rausing’s net worth?
Net Worth: | $7.9 Billion |
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Age: | 71 |
Born: | June 6, 1952 |
Gender: | Female |
Height: | Unknown |
Country of Origin: | Sweden |
Source of Wealth: | Entrepreneur |
Last Updated: | November 16, 2023 |
Introduction
Kirsten Rausing is the granddaughter of Dr Ruben Rausing who invented the tetra pak concept of storing liquids in cartons instead of glass bottles.
Her father consolidated the family’s shareholding in the company in the 1990s with the result that Kirsten and her brothers became fabulously wealthy.
Here’s a look into her life as the 220th-ranked billionaire on the 2023 Forbes Billionaires list, and how she came to be so rich.
As of December 2023, Kirsten Rausing’s net worth is estimated to be $7.9 Billion.
Kirsten Rausing Facts
- Kirsten Rausing is a billionaire ranked at number 220 on the Forbes Billionaires list for 2023
- She owns one-third of the packaging company TetraLaval
- Kirsten Rausing retired from the board in January 2023, leaving her brothers, Finn and Jörn, in charge.
- Her grandfather, Dr. Ruben Rausing, founded liquid food packaging company Tetra Pak in 1951
- Kirsten’s father purchased her uncle’s share of the business in 1995 for $7 billion
Early Life
Kirsten Rausing was born on 6 June 1952, in Lund, Sweden, the eldest child of Swedish industrialist Gad Rausing and his wife Birgit.
Due to the inventive skills of her grandfather, Kirsten grew up in the lap of luxury, enjoying the benefits of the Tetra Pak fortune.
Following a decision by her father to consolidate his shareholding, he bought out his brother’s share in Tetra Pak in 1995, becoming the sole owner.
She once told a journalist that she read Dick Francis and Agatha Christie novels, developing her English language skills through osmosis.
While at school, she competed in eventing but was unable to afford the top Swedish horses, so instead purchased ex-racehorses that were past their prime.
Although these may have seemed like the most expensive pets in the world, they were the start of an international career.
It was as a teenager that she developed an interest in pedigrees, consulting her grandfather who bred gun dogs, dairy cattle, and finally horses.
When her grandfather relocated to Italy, Kirsten ran the stud farm with 18 mares and a stallion while at school and through her university education.
Career
She left Sweden to run a stud farm in Ireland, but after arriving in Ireland in her converted Dakota, she encountered Capt Tim Rogers.
He wanted nothing to do with her but came around after she proved that she knew almost as much as him about his horses’ pedigrees.
Kirsten ended up running Baroda Stud for Rogers, learning as she went after being put in charge of 14 men whose accents she couldn’t understand.
Buying Her Own Stud
After she received her inheritance, she looked around for opportunities to open her own stud, settling on Lanwades Stud, in Newmarket.
She used part of her inheritance to finance the deal, with the rest of the money being put up by the bank with stud as collateral.
Her first stallion, Niniski made her name in the equestrian world and led to her buying St Simon Stud as well as Staffordstown in Ireland.
Directorship of TetraPak
By the time she was 28, Kirsten was running her own business and it was only five later that she was made alternate director of TetraPak in 1985.
She worked hard to keep up with both her stud and TetraPak and was rewarded with a non-executive directorship in the company in 1991.
Kirsten Rausing continued to play a role in the aseptic packaging technology company as a director alongside her brother Jorn and Finn Rausing, until 2023.
In January 2023, she announced that after more than 35 years on the board, she was stepping down and retiring from the business.
While she is extremely wealthy, Kirsten’s net worth doesn’t come close to Alice Walton or MacKensie Scott, Geoff Bezos’ wife.
International Breeders Appointments
In addition to her directorship of the packaging company, Rausing was also appointed as the Honourable President of the European Federation of Thoroughbred Breeders’ Associations.
She is also a past Chairperson of the Thoroughbred Breeders Association of Great Britain and Trustee of the Racing Foundation (UK) from 2012 to 2017.
Kirsten Rausing’s Career Earnings
The Racing Foundation handles the proceeds of the British Government’s sale of the Totalisator Board, something that’s close to Rausing’s heart.
She is concerned with the future of the sport as well as the continued viability and health of the breeding horses on the British Isles.
Here’s an estimated overview of Kirsten Rausing’s career earnings:
- Kirsten Rausing’s Salary In 2014 – $40 Million
- Kirsten Rausing’s Salary In 2015 – $45 Million
- Kirsten Rausing’s Salary In 2016 – $50 Million
- Kirsten Rausing’s Salary In 2017 – $65 Million
- Kirsten Rausing’s Salary In 2018 – $60 Million
- Kirsten Rausing’s Salary In 2019 – $75 Million
- Kirsten Rausing’s Salary In 2020 – $78 Million
- Kirsten Rausing’s Salary In 2021 – $80 Million
- Kirsten Rausing’s Salary In 2022 – $65 Million
- Kirsten Rausing’s Salary In 2023 – $50 Million
As a long-standing member of the Jockey Club and a former director of The National Stud, Kirsten has an insider’s understanding of British racing.
She also became a Director of the British Bloodstock Agency as well as being appointed the Chairman of the International Thoroughbred Breeders’ Federation.
Kirsten Rausing’s Net Worth Annually
Her membership and experience leading the Breeders’ Federation, with at least 40 member states, ensure that high breeding standards are always maintained.
Rausing’s appointment as director of the British Bloodstock Agency, which buys and sells racehorses for wealthy clients, was also a popular decision.
Here’s a breakdown of Kirsten Rausing’s annual net worth:
- Kirsten Rausing’s net worth In 2014 – $5 Billion
- Kirsten Rausing’s net worth In 2015 – $5.1 Billion
- Kirsten Rausing’s net worth In 2016 – $5.5 Billion
- Kirsten Rausing’s net worth In 2017 – $6 Billion
- Kirsten Rausing’s net worth In 2018 – $6.6 Billion
- Kirsten Rausing’s net worth In 2019 – $7.9 Billion
- Kirsten Rausing’s net worth In 2020 – $9.1 Billion
- Kirsten Rausing’s net worth In 2021 – $13.9 Billion
- Kirsten Rausing’s net worth In 2022 – $9.8 Billion
- Kirsten Rausing’s net worth In 2023 – $7.9 Billion
Aside from her financial interest in TetraPak, Kirsten along with her brothers, also holds a 20% stake in International Flavors & Fragrances.
This was revealed by Reuters in 2018 when it came to light that Kirsten and her brothers had acquired their stake over the previous 2 years.
Personal Life
While running her horse breeding business and serving as a director of TetraLaval, Rausing lived in the UK, seldom returning to Sweden.
She used her substantial wealth to found the Alborada Trust, which supports various charitable causes, especially in the field of medicine and education.
Rausing has focussed her entire life on her horses and grandfather’s company, never marrying nor having children of her own to maintain her legacy.
Kirsten followed a similar path to the wealthy US entrepreneur, Teresa Heinz Kerry, who used her money to support her political views.
She has involved herself in politics to the extent of supporting the Conservative Party as one of their donors but never desired the political limelight herself.
Rausing is held in high regard by her community, being appointed as a Deputy Lieutenant for the County of Suffolk.
Awards & Achievements
Rausing and her brothers control a company called, the “Haldor Foundation” located in Liechtenstein, which owns Winder Investment Pte Ltd.
From 2016 to 2018, Winder Investment Pte Ltd bought $2.54 billion worth of IFF stock, giving them the largest stake in IFF.
Here are some of the finest moments from Kirsten Rausing’s career:
- In 2016 Rausing was appointed as a Deputy Lieutenant for the County of Suffolk.
- She’s won the Qatar Prix de l’Arc de Triomphe and the Cazoo St Leger.
- In 2020, Forbes Wealth Ranking listed her as the 150th richest individual in the world.
- The Sunday Times Rich List 2021 ranked her 7th among the wealthiest people in the UK.
- In 1974, Rausing received her degree in Business Administration from the Lund University School of Economics and Management.
IFF is a New York-based company, selling scents and flavors to a worldwide clientele in the perfume, detergent, cold drink, and frozen foods sectors.
The company, which was started in the 1880s, is expected to do a turnover of around $11.5 billion in 2023.
How Does Kirsten Rausing Spend Her Money?
While she owns some of the most expensive cars in the world, her main focus is on owning the very best horseflesh available anywhere in the world.
But, first and foremost, Kirsten Rausing is an extraordinarily successful investor and Swedish businesswoman, with an eye for detail and winning deals.
She didn’t squander her inheritance but rather turned it into a massive fortune through investments in growth businesses and canny management decisions.
She also lives in some of the most expensive houses in the world, traveling to her palatial homes around the world in private jets.
Highlights
She used the prize money she won from running Alborada, her winning Champion Stakes horse, to set up the Alborada Trust.
This trust provides charitable funding for medical and veterinary research across the globe, having coughed up over $45 million to date.
Here are some highlights from Kirsten Rausing’s career:
- Kirsten Rausing acquired one-third ownership of TetraLaval, a company started in 1951.
- In 2023, Kirsten was ranked #220 on the Forbes Billionaires list, down from the previous year.
- Kirsten’s father, Gad, acquired her uncle Hans’ shares in TetraLaval, in 1995.
- In 2018, she acquired a massive stake in International Flavors & Fragrances.
- Kirsten won the Cartier/The Daily Telegraph Award of Merit for her achievements in the racing industry.
Rausing seldom returns to her native Sweden and is sad that the postal system has deteriorated, as she no longer receives her post.
However, she does manage to get to visit the country of her birth occasionally and follows academic literature closely to keep abreast of developments.
Favorite Kirsten Rausing Quotes
Rausing uses her enormous wealth to support various charitable causes and is often referred to as the most generous billionaire in the UK.
She recently donated over $7.5 million to Alzheimer’s Research UK and is reported to have given the University of Cambridge almost $7 million.
Here are our favorite quotes from Kirsten Rausing:
- “I was interested in animal husbandry from a young age.” – Kirsten Rausing
- “You start, usually, with the practical side of things.” – Kirsten Rausing
- “They (the bank) thought it was very amusing, a young girl borrowing money to purchase a stud farm.” – Kirsten Rausing
- “Alpinista – she’s undeniably the world’s best female.” – Kirsten Rausing
- “… the words that now inundate Swedish. I find their use a sign of intellectual poverty.” – Kirsten Rausing
3 Amazing Lessons From Kirsten Rausing
After obtaining a business administration degree in Sweden, Rausing ran a successful stud at home before traveling to Ireland to start a new job.
She used her business skills and qualifications together with her inheritance to create a massively successful breeding business on top of her share in TetraLaval.
Now that you know all about Kirsten Rausing’s net worth, here are some of the best success lessons to learn from Kirsten Rausing:
1. Always Diversify Your Investments
Kirsten Rausing’s success can be attributed to her ability to diversify her holdings, identifying excellent investment opportunities when they arise.
2. Be Passionate About What Your Do
Kirsten Rausing has always been passionate about business and horses, taking the time and effort to learn and become an expert in her field.
3. Make Sure That You Always Give Back
She used her wealth as a force for positive change, supporting causes that align with her values to make an impact on the world.
Summary
As a billionaire and TetraLaval shareholder, Kirsten Rausing, built a diversified business legacy, from horses and packaging to flavor and fragrances.
She is an admired horse breeder, a philanthropist, and an influential figure in the UK, making major investments in the local economy.
Living in Newmarket, Kirsten Rausing has balanced her business acumen with a deep commitment to the equestrian community across the world.
As of December 2023, Kirsten Rausing’s net worth is estimated to be $7.9 Billion.
What do you think about Kirsten Rausing’s net worth? Leave a comment below.
Entrepreneurs
Diane Hendricks Net Worth

What is Diane Hendricks’ net worth?
Net Worth: | $19.3 Billion |
---|---|
Age: | 76 |
Born: | 1947 |
Gender: | Female |
Height: | Unknown |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | November 16, 2023 |
Introduction
Diane Hendricks is the American heiress and co-founder of ABC Supply, and the richest self-made woman in the United States.
She took over the business following the death of her late husband and thanks to her exceptional entrepreneurship ranks as one of the world’s wealthiest women.
Hendricks’ astute leadership and strategic vision have ensured that the company continues to prosper, securing her vast wealth and legacy.
As of December 2023, Diane Hendricks’ net worth is estimated to be $19.3 Billion.
Daine Hendricks Facts
- Hendricks and her late husband, Ken, co-founded their business in Beloit, Wisconsin, in 1982
- Following his death in 2007, Diane chaired the company
- The company has over 900 branch locations and had $18.5 billion in 2022 revenues
- She led ABC’s acquisition of rival Bradco, in 2010
- In 2016, Hendricks bought the building materials’ distributor, L&W Supply
Early Life
Diane Hendricks was born on 30 November, 1946 in Mondovi, Wisconsin in the United States of America.
She grew up in Osseo, Wisconsin, a small town of 1500 people that is known for its rolling farmlands and world-famous pies.
Her parents were dairy farmers and despite a strict upbringing, she had her first child when she was only 17 years old.
She graduated from Osseo-Fairchild High School in 1965 and then struggled to find work to support herself and her young family.
Times were tough for her and like Pamela Anderson and Jenna Jameson, she worked for Hugh Hefner’s Playboy empire, to pay her bills.
She divorced her first husband, and it was ten years before she met and fell in love with Ken Hendricks, who changed her life.
Career
After her stint at Playboy, Diane took a job selling custom-built homes, and in 1975, she was to meet the man who changed her life.
Her future husband, Ken Hendricks, was a roofer’s son who dropped out of school to start his own business in the building industry.
It wasn’t long before Diane and Ken Hendricks married, and the couple decided that it was best to become business partners as well.
In 1982, they used lines of credit to establish ABC Supply, the nation’s largest wholesale distributor of roofing, windows, gutters, and siding.
Ken died unexpectedly in 2007, and Diane inherited his share of Hendricks Holding Company, becoming the sole owner and chairperson of ABC Supply.
Diane Hendricks’ Career Earnings
Diane Hendricks chairs ABC Supply, one of the largest wholesale distributors of roofing, siding, and windows in America.
She has spent millions on helping local economic development, but questions were raised regarding her state income tax declarations and minimal payments.
Here’s an estimated overview of Diane Hendricks’ career earnings:
- Diane Hendricks’ Salary In 2014 – $4.6 Billion
- Diane Hendricks’ Salary In 2015 – $4.6 Billion
- Diane Hendricks’ Salary In 2016 – $4.6 Billion
- Diane Hendricks’ Salary In 2017 – $4.6 Billion
- Diane Hendricks’ Salary In 2018 – $4.6 Billion
- Diane Hendricks’ Salary In 2019 – $4.6 Billion
- Diane Hendricks’ Salary In 2020 – $4.6 Billion
- Diane Hendricks’ Salary In 2021 – $4.6 Billion
- Diane Hendricks’ Salary In 2022 – $4.6 Billion
- Diane Hendricks’ Salary In 2023 – $4.6 Billion
Diane attributes her success to the partnership she had with her husband as well as by surrounding herself with quality management.
She is most proud of the fact that her major successes have come from taking calculated risks, especially acquiring strategic business following rigorous due diligence.
Diane Hendricks’ Net Worth Annually
The 2008 financial crisis provided Diane with an opportunity to acquire Bradco, helping to make her the US’s richest self-made woman in 2018.
Here’s a breakdown of Diane Hendricks’ annual net worth:
- Diane Hendricks’ net worth In 2014 – $4.6 Billion
- Diane Hendricks’ net worth In 2015 – $3.6 Billion
- Diane Hendricks’ net worth In 2016 – $5.1 Billion
- Diane Hendricks’ net worth In 2017 – $3.9 Billion
- Diane Hendricks’ net worth In 2018 – $5.5 Billion
- Diane Hendricks’ net worth In 2019 – $6.3 Billion
- Diane Hendricks’ net worth In 2020 – $6.9 Billion
- Diane Hendricks’ net worth In 2021 – $8 Billion
- Diane Hendricks’ net worth In 2022 – $10.7 Billion
- Diane Hendricks’ net worth In 2023 – $19.3 Billion
Diane Hendricks joins Rihanna, Danielle Steel, and Kim Kardashian on the list of the richest self-made women in corporate America.
While many of the richest self-made women on the Forbes list have leveraged the power of the internet, Diane made her money the old-fashioned way.
Personal Life
Diane Hendricks comes from a family of nine siblings and has seven children of her own with seventeen grandchildren.
She resides in Afton, Wisconsin and her focus nowadays is on giving back to her community, especially when it comes to the children of Beloit.
With the business in good shape, Hendricks now spends a lot of time and effort supporting Wisconsin Eye, contributing to public awareness and engagement.
She co-chairs the Rock County 5.0, a five-year initiative to help build and advance economic development and opportunities in Rock County.
Diane had more time to spend on politics and supported Donald Trump in his presidential campaign, countering Hilary Clinton and her campaign in 2016.
Awards & Achievements
Diane Hendricks has been consistently featured on Forbes’ list of the world’s wealthiest people alongside Kylie Jenner and Warren Buffet among others.
Here are some of the most memorable moments from Diane Hendricks’ career:
- Diane was the winner of the Beloit Daily Headline Award, in 2014
- In 1968, she filed for divorce when she was only 20 years old
- The following year she applied for her real estate license in 1969
- While building her real estate business, she waitressed as a Playboy Bunny in 1970
- After 5 years, in 1983, Diane and Ken started doing government contracts for the military
Ken and Diane realized that there was a need for a company that could supply a range of roofing products across the nation.
This realization formed the basis of their next move, which was to form a company, ABC Supply, providing a wholesale option for roofing contractors.
How Does Diane Hendricks Spend Her Money?
Hendricks serves on the Board of Trustees at Beloit College in Wisconsin, making substantial contributions to the college to help young adults get an education.
She also has a substantial art collection and is known for her support of the arts, having some of the most expensive paintings in the world in her collection.
Diane is very active in politics and has made political contributions to various candidates and causes, especially those related to education.
Highlights
Diane doesn’t believe in quitting and growing up, she always had the dream of being in business and having the trappings of wealth.
Here are some of the best highlights of Diane Hendricks’ career:
- In 1994, the company had 100 locations across the USA
- ABC Supply achieved $1 billion in annual revenue in 1999
- In 2023, ABC Supply became the 23rd-largest private American company
- Hendricks paid for a local career center in Beloit in 2017, teaching skills like coding and construction
- In 2018, Diane was appointed Chairperson of the Board of NorthStar Medical Technologies, LLC
After divorcing her first husband after 3 years of marriage, Diane took on various jobs including working for Parker Pen before settling on real estate.
She enjoyed the fact that she could sit in a model home and sell property to people off a set of blueprints without the house being built yet.
Favorite Diane Hendricks Quotes
Diane was forced to confront the realities of life at an early age, making her all too aware of the precarious financial future of her family.
Here are our favorite quotes from Diane Hendricks:
- “Motherhood got in the way real quick, and I grew up real fast.” – Diane Hendricks
- “I watched my parents work hard on the farm, that’s where my work ethic comes from.” – Diane Hendricks
- “I’ve always been very driven and knew that to get where I wanted to go, I could never give up.” – Diane Hendricks
- “Did we ever plan on being billionaires? No, but we wanted to be millionaires.” – Diane Hendricks
- “I’m in a male-dominated industry.” – Diane Hendricks
3 Amazing Lessons From Diane Hendricks
While Diane is still in charge of ABC Supply, she’s at a stage in her life where the younger generation needs to take the lead in her business.
Now that you know all about Diane Hendricks’ net worth, here are some of the best success lessons to learn from Diane Hendricks:
1. Focus on Your Goals
While Diane and her late husband Ken Hendricks never thought they’d ever become billionaires, they worked hard to achieve their financial and business goals.
It was their hard work and business ethics that ensured that their company became successful, providing competitive products in a cutthroat market.
2. Family Comes First
Despite their busy schedules and the demands of a massive national business, both Diane and Ken Hendricks always made time for their family.
It is their shared love and close family that helped Diane pull through when she was left a widow after Ken’s untimely passing.
3. You Must Give Back to Your Community
Diane’s family background as a member of a hard-working farming community was the catalyst for her charitable drives once the business took off.
She spent a considerable amount of time and money ensuring that the youth in her town had every opportunity to become financially secure.
Summary
After building ABC Supply, the largest distributor of roofing and siding materials companies in the United States, Diane has earned her spot at the top.
She’s used her position as the richest self-made woman in the USA to better the lives of many people in her hometown.
Her career trajectory over the years is an incredible achievement leaving her legacy as one of the wealthiest and most powerful women in corporate America.
As of December 2023, Diane Hendricks’ net worth is estimated to be $19.3 Billion.
What do you think about Diane Hendricks’ net worth? Leave a comment below.
Entrepreneurs
Iris Fontbona Net Worth

What is Iris Fontbona’s net worth?
Net Worth: | $20 Billion |
---|---|
Age: | 81 |
Born: | 1942 |
Gender: | Female |
Height: | Unknown |
Country of Origin: | Chile |
Source of Wealth: | Entrepreneur |
Last Updated: | November 16, 2023 |
Introduction
Iris Fontbona is a prominent Chilean mining magnate, media proprietor, and philanthropist, who inherited her husband’s fortune and successfully managed her legacy.
She has shown that she is capable of running an international conglomerate and is well known for her remarkable wealth and astute business acumen.
Fontbona is a prominent figure who owns a Santiago-based mining company, with interests in shipping and media, she makes a significant impact globally.
As of December 2023, Iris Fontbona’s net worth is estimated to be $20 Billion.
Iris Fontbona Facts
- Iris Fontbona inherited her husband Andrónico Luksic Abaroa’s entire fortune in 2005
- She runs Antofagasta PLC, a major mining company in Chile founded in 1888
- Fontbona owns a large share of the Chilean media company, Canal 13
- She loves beautiful things and her impressive art collection includes works by Pablo Picasso and Vincent van Gogh
- Fontbona holds a large financial stake in the Quinenco Group, a diversified conglomerate that is involved in beverages, energy, and manufacturing
Early Life
It is uncertain how old Iris Fontbona is, but we are led to believe that she was born on January 8, 1942, in Chile.
Her family was very religious, resulting in her attending the local Catholic high school and receiving a conventional, classical education.
She met her future husband, Andrónico Luksic Abaroa, at the age of 17 and the happy couple were married by the time she turned 20.
Andrónico Luksic brought five children from his first marriage with him and Fontbona became step-mother to Andrónico Luksic when he was 7 years old.
The couple then had three children of their own, with the family living happily together until Andronico died in 2005.
Career
When her husband died of lung cancer, Fontbona inherited Antofagasta PLC from her husband in 2005 and to everyone’s surprise, she was an astute and talented businesswoman.
According to his wishes, the bulk of her husband’s business went to their three sons, including Jean-Paul, who manages Antofagasta.
Inheriting a Multimillion Dollar Empire
She and her family control Antofagasta, a Santiago-based company that originally made its money from railroads, copper, and other mining activities.
Through Quiñenco, a publicly traded company, they control Banco de Chile, Madeco, CCU, and CSAV, major contributors to the country’s fortunes.
Besides the luxury hotel chains and the country’s largest brewer, Fontbona controls a copper products manufacturer and shipping company CSAV.
As the wealthiest person in Chile, Iris’ business reach is substantial, with CSAV the 16th largest shipping company globally and a major South American business.
Growing the Santiago Based Mining Company
Defying everyone’s expectations, Fontbonba has managed to increase the family business significantly, growing its operations and returning a substantial return on investment.
She also turned Banco de Chile into the second-biggest bank in the country, the world’s biggest brewer, and manager of the largest copper mines globally.
Fontbona also controls one of the world’s largest shipping companies as well as a couple of luxury hotel chains and a luxury resort in Croatia.
Making a Major Media Acquisition
In a stroke of genius, she acquired a 70% stake in the Chilean television station, Canal 13, growing the business and helping to improve local news coverage.
Many of the major business decisions impacting the Santiago-based mining company are first run by and then approved by Fontbona before management makes a move.
Her impressive track record of business acquisitions and growth resulted in her becoming a highly influential figure in the business world.
She is not the richest woman in the world though, with Françoise Bettencourt, the L’Oréal heiress, and Alice Walton of Walmart being worth much more.
Iris Fontbona’s Career Earnings
Fonbona’s outstanding business acumen and an eye for a profitable deal have yielded remarkable results since she took control of her husband’s company.
Under her leadership, the company’s revenues have surged by an astounding 200% over the past five years, surpassing industry benchmarks.
Here’s an estimated overview of Iris Fontbona ‘s career earnings:
- Iris Fontbona’s Salary In 2014 – $110 Million
- Iris Fontbona’s Salary In 2015 – $95 Million
- Iris Fontbona’s Salary In 2016 – $100 Million
- Iris Fontbona’s Salary In 2017 – $130 Million
- Iris Fontbona’s Salary In 2018 – $125 Million
- Iris Fontbona’s Salary In 2019 – $100 Million
- Iris Fontbona’s Salary In 2020 – $150 Million
- Iris Fontbona’s Salary In 2021 – $265 Million
- Iris Fontbona’s Salary In 2022 – $300 Million
- Iris Fontbona’s Salary In 2023 – $298 Million
One of her most noteworthy achievements is the successful expansion into new international markets, resulting in a 150% increase in global market share.
Her strategic acquisitions have not only boosted her shipping company profits but also led to her becoming the ninth-wealthiest woman worldwide.
Iris Fontbona’s net worth Annually
Fonbona’s financial prudence has reduced operational costs by 25%, resulting in higher profit margins and impressive net income growth of 50% year over year.
Her adept negotiation skills have secured multi-million-dollar contracts with industry giants, increasing the company’s revenue streams by 30%.
Here’s a breakdown of Iris Fontbona ‘s annual net worth:
- Iris Fontbona’s net worth In 2014 – $15.5 Billion
- Iris Fontbona’s net worth In 2015 – $13.5 Billion
- Iris Fontbona’s net worth In 2016 – $10 Billion
- Iris Fontbona’s net worth In 2017 – $13.8 Billion
- Iris Fontbona’s net worth In 2018 – $16.3 Billion
- Iris Fontbona’s net worth In 2019 – $15.5 Billion
- Iris Fontbona’s net worth In 2020 – $11 Billion
- Iris Fontbona’s net worth In 2021 – $23 Billion
- Iris Fontbona’s net worth In 2022 – $22.8 Billion
- Iris Fontbona’s net worth In 2023 – $20 Billion
Innovative product development initiatives overseen by Fontbona have led to the launch of groundbreaking products, driving a 35% increase in market demand.
Her commitment to sustainability and corporate social responsibility has also resulted in a 20% reduction in the company’s carbon footprint, earning numerous environmental accolades.
Personal Life
Fontbona spends time in some of the most expensive houses in the world, spending time in three residences, including Vitacura, Santiago, Chile, Belgravia in London, and Liechtenstein.
She is a devout Roman Catholic and her religious beliefs continue to guide her and the family despite being the ninth-wealthiest woman worldwide.
As the wealthiest person in South America and a Chilean business mogul, she’s in contact with politicians like Sebastian Pinera among many others.
While she normally doesn’t grant interviews, she is the center of media attention annually during the Chilean Telethon.
This event raises huge amounts of money for charities and good causes, and she always makes a point of providing a massive check each year.
She keeps a low profile and does not have public social media accounts other than an official LinkedIn account which she doesn’t use.
Awards & Achievements
Fontbona’s leadership and business skills have been applauded by industry and political leaders around the world, resulting in several industry awards.
Her strategic vision and tenacity have led to a series of financial milestones that set the tone for her family’s shipping company interests going forward.
Here are some highlights from Iris Fontbona’s career:
- In 2021, she won the “Business Leader of the Year Award”
- She was the recipient of the “Company of the Year” award, in 2020
- By 2020 CSAV became the 16th largest shipping company by TEUs
- Fontbano helped the family business grow CCU to $2.2 billion in revenue in 2017
- In 2023, CCU is the biggest mineral water bottler and fruit-based beverage producer in Chile
As part of her reorganization efforts, she spearheaded a comprehensive digital transformation, resulting in a 60% increase in online sales.
This not only increased revenues but also strengthened customer engagement and loyalty, evident in a 25% growth in the shipping company’s customer retention rates.
How Does Iris Fontbona Spend Her Money?
Fontbona lives a life of luxury, spending her time traveling between palatial homes in Europe and Latin America while she steers the family’s business interests.
She owns some of the most expensive houses in the world with properties in London’s Hyde Park, Chile, and Italy.
Fontbona also lavishes attention on her children and grandchildren, ensuring that they enjoy the benefits of her and her husband’s impressive accomplishments.
Apart from owning expensive jewelry, Iris owns some of the most expensive paintings in the world with paintings from the foremost artists.
Highlights
Her skillful management of international trade relationships and successful export initiatives contributed to a 40% boost in her company’s global reach.
This expansion not only broadened her various company’s customer base but also led to a 30% growth in export-driven revenue.
Here are some of the most memorable moments in Iris Fontbona ‘s career:
- She was recognized as the “Female Business Executive of the Year”
- “Global Entrepreneur of the Year,” underscoring her influence and achievements in the world of business
- She acquired one of the largest copper mines in the world, Escondida, in 2015
- Fontbona owns two luxury hotel resorts in Croatia, home to sports stars like Ivica Zubac and Mirko Cro Cop, a top MMA fighter.
- She helped build Banco de Chile to the success it is today
Fonbona’s commitment to innovation and research has yielded multiple patents and groundbreaking product developments, with a 50% increase in new product sales.
She spends time supporting various charities, including the establishment of scholarships for underprivileged students and the construction of community centers.
3 Amazing Lessons From Iris Fontbona
Fontbona studied engineering, business, and accounting at university, going on to help her father in his business before marrying her husband.
Now that you know all about Iris Fontbona’s net worth, here are some of the best success lessons to learn from Iris Fontbona:
1. Work Hard
There was never an opportunity for Fontbona to take it easy as it was incumbent on her to make sure that the business prospered.
2. Never Give Up
She never gave up, pushing through the grief and stress that followed her husband’s death to grow his multi-million-dollar business empire.
3. Keep Growing and Building
It never occurred to her to sit back and enjoy the massive wealth that she inherited – she knew she had to keep growing and building.
Summary
Iris Fontbona’s management of her family business ensured that she remains a powerful Chilean mining magnate, media proprietor, and philanthropist.
Although she is not a household name globally, Iris Fontbona’s wealth and business interests have made her one of the most influential figures in Chile.
She defied the odds by taking the reins from her former husband and together with her sons, became an important player in multiple international industries.
As of December 2023, Iris Fontbona’s net worth is estimated to be $20 Billion.
What do you think about Iris Fontbona’s net worth? Leave a comment below.
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