2020 Forbes Ranking: The 10 Richest Women In The World

This year, 234 women are on the list and a familiar face returns, that of the richest woman in the world.

With turbulent markets and even more tumultuous periods, just over half of the 234 women on the new Forbes list of billionaires worldwide have an overall lower wealth than last year. Alice Walton, however, has reversed this trend. Heiress of part of Walmart’s fortune, she is the richest woman in the world this year, when she was the second richest last year. His fortune is estimated at $ 54.4 billion, 10 billion more than a year ago. She swaps her place with L’Oréal’s heiress, Françoise Bettencourt Meyers, who is the second richest woman on the 2020 ranking. Forbes used stock prices and exchange rates on March 18, 2020 to calculate the net worth.

Among the top women, BMW heiress Susanne Klatten had one of the biggest net wealth successes amid the coronavirus stock market downturn. BMW shares have fallen by more than a third since January, which has helped Susanne Klatten’s net worth drop to $ 16.8 billion, down $ 4 billion from a year ago. In the United States, the fortune of Las Vegas billionaire Elaine Wynn has decreased by 33% compared to last year, as Wynn Resorts’ shares have fallen dramatically in recent months. But others, like Zhong Huijuan, president of Chinese drug maker Hansoh Pharmaceutical, have a much higher fortune than a year ago. In June 2019, Hansoh raised $ 1 billion when it went public in Hong Kong and stocks have risen more than 25% since then. Zhong Huijuan’s fortune is worth $ 14.6 billion.

This year, 234 women are on the list, up from 244 last year. As a group, the fortunes of all the women on the list are worth $ 927.4 billion. Despite recent economic instability, they are collectively $ 29.4 billion richer than last year. Seven other women are sharing their fortune this year with their husband, child or brother or sister, up from nine last year.

Nineteen women are new to the list. Among these news, the richest is Julia Koch, who inherited the fortune of her husband David Koch after the latter’s death in August 2019. Another remarkable newcomer: MacKenzie Bezos, who inherited his fortune after having finalized his divorce from the world’s richest man, Jeff Bezos, last summer.

Neerja Sethi, who co-founded IT consultancy and outsourcing company Syntel with her husband Bharat Desai, is also new to the list. Neerja Sethi is one of 67 self-taught women who managed to make it onto this year’s list, down slightly from 68 self-taught women last year. She is joined by Qian Ying, who co-founded with her husband Qin Yinglin the company Muyuan Foods, registered on the Shenzhen list. Muyuan Foods, a hog producer and processor, almost tripled in the past year, bringing its net worth to $ 1.4 billion.

Here are the 10 richest women in the world; their net worth is as of March 18, 2020.

Net worth: $ 54.4 billion
Country: United States
Source of wealth: Walmart

The only daughter of the founder of Walmart, Sam Walton, recovers this year the title of the richest woman in the world, after having lost this place in front of the heiress of L’Oréal, Françoise Bettencourt Meyers, in 2019. Despite the recent turbulence In the market, Alice Walton has seen her fortune increase by 23% since last year. Alice Walton, who has no role at Walmart, helps lead a Walton family foundation program that will issue $ 300 million in bonds to help private contract schools invest and renovate their facilities.

Net worth: $ 48.9 billion
Country: France
Source of wealth: L’Oréal

The granddaughter of L’Oréal founder Eugène Schueller became the French heiress of L’Oréal in 2017 after the death of her mother Liliane Bettencourt, then the richest woman in the world, at the age of 94 years. Françoise Bettencourt Meyers’s fortune has declined by $ 400 million since last year’s list, in the context of the coronavirus pandemic. The cosmetics giant’s shares fell 12% in the first two weeks of March. In March, the company announced that its factories will begin manufacturing hand sanitizer to meet the needs of French and European health officials.

Net worth: $ 38.2 billion
Country: United States
Source of wealth: Koch Industries

New to this year’s list, Julia Koch joined the ranks of billionaires after she and her three children inherited 42% of the shares in Koch Industries from her husband, David, who died in August 2019 at the age of 79 years old. Originally from Iowa, Julia Koch moved to New York in the 1980s and worked as an assistant to fashion designer Adolfo.

Net worth: $ 36 billion
Country: United States
Source of wealth: Amazon.com

MacKenzie Bezos made his debut on the list after finalizing his divorce from Amazon founder Jeff Bezos in July 2019; the award-winning novelist received a quarter of her ex-husband’s share in the e-commerce giant. MacKenzie Bezos signed the Giving Pledge, promising to give at least half of his fortune, in May 2019.

Net worth: $ 24.7 billion
Country: United States
Source of wealth: Candy, animal feed

Jacqueline Mars and her brother, John, each inherited a third of the $ 35 billion candy company (sales) known for M & M’s and Milky Way bars. The four daughters of his late brother Forrest Jr own the rest of Mars, which also owns a major pet food and veterinary care business. Jacqueline Mars worked for the company for almost 20 years and served on the board of directors until 2016.

Net worth: $ 20.3 billion
Country: China
Source of wealth: Real estate

The 38-year-old woman owns 57% of the shares and sits on the board of directors of real estate developer Country Garden, listed on the Hong Kong stock exchange, which her father founded and which he chairs. In response to the coronavirus pandemic, the company has set up robotic and automated food distribution stations in Wuhan (where the virus originated) to feed Chinese medical personnel.

Net worth: $ 16.8 billion
Country: Germany
Source of wealth: BMW, pharmaceuticals

Heiress to the automaker BMW, Susanne Klatten has seen her net worth fall by 20% in the past year. With car sales slowing due to the pandemic, BMW shares fell 24% in the first half of March. Susanne Klatten is also the sole owner and vice-president of Altana, a specialty pharmaceutical and chemical company.

Net worth: $ 16.4 billion
Country: United States
Source of wealth: Apple, Disney

Widow of the late Apple co-founder Steve Jobs Laurene Powell Jobs heads Emerson Collective, a hybrid limited company of philanthropy and investment that she founded in 2016. Speaking of her fortune, Laurene Powell Jobs told New York Times in February: “I’m not interested in legacy heritage buildings, and my kids know it. Steve was not interested in this. If I live long enough, it stops with me. ” His fortune has shrunk by $ 2.2 billion from a year ago, in part due to a drop in Disney stock prices, but also because Forbes had a better idea of ​​his total wealth.

Net worth: $ 14.6 billion
Country: China
Source of wealth: pharmaceuticals

Zhong Huijuan chairs the Chinese drug manufacturer Hansoh Pharmaceutical, which produces oncology, psychoactive, anti-diabetic and other drugs. Stocks rose 10% between early January and mid-March, when the coronavirus was most prevalent in its country of origin. Zhong Huijuan is married to Sun Piaoyang, the billionaire president of Jiangsu Hengrui Medicine.

Net worth: $ 13.1 billion
Country: Australia
Source of wealth: mining

Gina Rinehart, the richest person in Australia, built his fortune on iron ore. Daughter of the famous iron ore explorer Lang Hancock, she has chaired the Hancock Prospecting Group, a mining and agricultural company, since 1992. Gina Rinehart’s fortune has declined by $ 2 billion over the past year, the pandemic of coronavirus having brought down values ​​in the iron ore industry.

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