Forbes

America’s Richest Self-Made Women: country’s most successful self-made women entrepreneurs and executives

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  • At No. 1 is Diane Hendricks, a Wisconsin billionaire who owns ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America
  • Eren Ozmen: “Look at the United States and what women can do here, compared to the rest of the world. That is why we feel we have a legacy to leave behind.”

 

( Forbes ) The combined net worth of the top 60 self-made women is now a record $71 billion, 15% more than in 2017. The minimum net worth to make Forbes’ fourth annual ranking of these top women jumped 23% to a record $320 million. Twenty-four of these women are billionaires, another record, up from 18 last year.

Seven newcomers joined the ranks (6 from California), including 4 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. The youngest is Kylie Jenner, who turns 21 in August. Half-sister of Kim Kardashian West, who is also on the list for the first time, Jenner has leveraged her massive social media following (110 million followers on Instagram) to build a $900 million cosmetics fortune in less than three years. That makes her worth more than twice as much as her more famous sister.

At No. 1 is Diane Hendricks, a Wisconsin billionaire who owns ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America. While the vast majority of list members hail from California – 27 altogether – the top three, including Hendricks, Little Caesars’ Marian Ilitch and Epic Software’s Judy Faulkner, all hail from the Midwest.

Altogether 17 list members made their fortunes in fashion and retail, 7 of whom peddle cosmetics and skin care products. Another 13 including Facebook’s Sheryl Sandberg built fortunes in technology, while 10 including Oprah Winfrey and Taylor Swift made it in media and entertainment.

 

Read more: America’s Richest Self-Made Women 2018

How 20-Year-Old Kylie Jenner Built A $900 Million Fortune In Less Than 3 Years

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( Forbes ) Kylie Jenner sits at a dark-wood dining table at her mother’s home in Calabasas, California, flicking through display options for a forthcoming pop-up shop. The youngest member of the Kardashian-Jenner industrial complex needs to decide how to showcase products by her Kylie Cosmetics makeup company. She taps her black iPhone X with a silver glittery nail and turns the screen around to show a coterie of employees a vending machine.

“You guys, imagine this, but all in lip kits,” says Jenner, dressed in a black blazer and matching black patent Louboutins with bright red soles. “I think it needs to be a clear vending machine where you see all the colors.”

…Just 20 when this story publishes (she’ll turn 21 in August) and an extremely young mother (she had baby daughter Stormi in February), Jenner runs one of the hottest makeup companies ever. Kylie Cosmetics launched two years ago with a $29 “lip kit” consisting of a matching set of lipstick and lip liner, and has sold more than $630 million worth of makeup since, including an estimated $330 million in 2017. Even using a conservative multiple, and applying our standard 20% discount, Forbes values her company, which has since added other cosmetics like eye shadow and concealer, at nearly $800 million. Jenner owns 100% of it.

 

Read more: How 20-Year-Old Kylie Jenner Built A $900 Million Fortune In Less Than 3 Years

 

 

 

Kylie Jenner at her mother Kris' house in Calabasas, Calif.

 

 

 

THE GOOGLE THUG: FORBES UNPUBLISH CRITICAL STORY, LEFT-WING CRITIC FIRED, SENT CONSERVATIVE WEBSITE ULTIMATUM

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  • Kashmir Hill: “Six years ago, I was pressured to unpublish a critical piece about Google’s monopolistic practices after the company got upset about it. In my case, the post stayed unpublished. “
  • The New America Foundation, a major think tank, was getting rid of one of its teams of scholars, the Open Markets group, after its leader Barry Lynn and his group had repeatedly criticized Google.
  • Google sent a conservative website an ultimatum: remove one of your articles, or lose the ability to make ad revenue on your website

Google Issues Ultimatum to Conservative Website: Remove ‘Hateful’ Article or Lose Ad Revenue

 

On Tuesday evening, Google sent a conservative website an ultimatum: remove one of your articles, or lose the ability to make ad revenue on your website. The website was strong-armed into removing the content, and then warned that the page was “just an example and that the same violations may exist on other pages of this website.”

“Yesterday morning, we received a very bizarre letter from Google issuing us an ultimatum,” Shane Trejo, media relations director of the Republican Liberty Caucus of Michigan, wrote on The Liberty Conservative. “Either we were to remove a particular article or see all of our ad revenues choked off in an instant. This is the newest method that Big Brother is using to enforce thought control.”

The ultimatum came in the form of an email from Google’s ad placement service AdSense. The email specifically listed an article on The Liberty Conservative’s site, stating that the article violated AdSense’s policies.

 

READ MORE: Google Issues Ultimatum to Conservative Website: Remove ‘Hateful’ Article or Lose Ad Revenue

 

 

 

Yes, Google Uses Its Power to Quash Ideas It Doesn’t Like—I Know Because It Happened to Me

 

 

( Gizmodo ) The story in the New York Times this week was unsettling: The New America Foundation, a major think tank, was getting rid of one of its teams of scholars, the Open Markets group. New America had warned its leader Barry Lynn that he was “imperiling the institution,” the Times reported, after he and his group had repeatedly criticized Google, a major funder of the think tank, for its market dominance.

The criticism of Google had culminated in Lynn posting a statement to the think tank’s website “applauding” the European Commission’s decision to slap the company with a record-breaking $2.7 billion fine for privileging its price-comparison service over others in search results. That post was briefly taken down, then republished. Soon afterward, Anne-Marie Slaughter, the head of New America, told Lynn that his group had to leave the foundation for failing to abide by “institutional norms of transparency and collegiality.”

Six years ago, I was pressured to unpublish a critical piece about Google’s monopolistic practices after the company got upset about it. In my case, the post stayed unpublished.

…I was told by my higher-ups at Forbes that Google representatives called them saying that the article was problematic and had to come down. The implication was that it might have consequences for Forbes, a troubling possibility given how much traffic came through Google searches and Google News.

 

… Google said it never urged New America to fire Lynn and his team. But an entity as powerful as Google doesn’t have to issue ultimatums. It can just nudge organizations and get them to act as it wants, given the influence it wields.

 

Read more: https://gizmodo.com/yes-google-uses-its-power-to-quash-ideas-it-doesn-t-li-1798646437?rev=1504134979112

 

 

FORBES MOST POWERFUL LIST: PUTIN #1, TRUMP #2…OBAMA NUMBER 48

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Forbes released its current list of the World’s Most Powerful People. Russia’s Vladimir Putin was listed at number one , President-Elect Donald Trump listed at number two.  And Barack Obama – way down the list at number 48.

 

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