According to Forbes’ The World’s Billionaires list, there are almost 2,153 billionaires present all over the world, with a net worth of $ 8.7 trillion. Out of these 2,153 billionaires, only 244 are women and among them, only a few started their business ventures on their own, instead of inheriting it from someone else. Let’s look at some of the richest self made women entrepreneurs, who tasted success with their own hard work.
Richest self made women entrepreneurs
1) Zhou Qunfei
Zhou Qunfei is the founder and CEO of China based smartphone screen maker company Lens Technology. She was declared the world’s richest self made woman by Forbes in 2018. Zhou Qunfei belonged to a very poor family in Hunan province of China and worked her way up the ladder of success. She started her career making watch parts for 180 yuan a month and eventually started her own company at the age of 22 with the help of her family. Now the richest woman in China with a net worth of $ 3.8 billion, Zhou once stated she started 11 companies over the years to become successful.
2) Denise Coates
Denise Coates is a British businesswoman and the founder of Bet365, an online gambling company. Before starting her Company, Coates worked in the cashier’s department of her family’s bookmaking firm and turned around the fortune of the small shop. She purchased a domain named Bet365.com in 2000 and spent a year creating the online betting site. With a net worth of $ 8.7 billion in 2019, she is Britain’s highest paid woman CEO in the world and one of the leading businesswomen in Britain.
3) Diane Hendricks
Diane Hendricks was born in Wisconsin and established ABC Supply with her second husband and business partner Ken Hendricks. Before starting the Company, which sells roofing, windows and siding for buildings, Diane Hendricks was selling custom-built homes while her husband was a roofing contractor. She has been running the Company since her husband passed away in 2007. Now, with a net worth of $ 7.4 billion, she is the chairperson of ABC Supply and is America’s richest self made woman, according to Forbes.
4) Giuliana Benetton
Giuliana Benetton is an Italian businesswoman and the cofounder of Benetton Group, a global fashion brand. She started her business along with her three brothers, after the death of their father, by knitting sweaters on her own. Now, with a net worth of $ 3 billion, she is no. 877 on Forbes’ The World’s Billionaires list.
5) Doris Fisher
Doris Fisher is the co founder of American clothing brand Gap, which she founded with her late husband, Donald Fisher, in 1969. Doris and her husband were inspired by the success of a company, The Tower of Shoes and raised $ 63,000 to start their own retailing store. Doris Fisher has a net worth of $ 2.5 billion and is ranked no. 8 on Forbes’ America’s Richest Self Made Women 2019 list.
These businesswomen were not born with any privileges yet managed to start their own business from nothing. Now, they are counted among the richest of the world and in the process, have inspired many.
Estée Lauder Life Lessons
Estée Lauder was the founder of Estée Lauder Companies Inc., famous for its prestigious skincare, makeup and fragrance products. Estée Lauder started her company with the belief there are no unattractive women, only women who don’t care. Lauder, through her products and belief, changed the face of the beauty industry. Check out some incredible life lessons to learn from this beauty mogul to motivate you.
Life lessons to learn from Estée Lauder
1) Age is just a number
Estée Lauder was a teenager when she started her own business of selling beauty creams made by her uncle, Dr. John Schotz. She sold the creams to her classmates and eventually, at beauty salons. Lauder used business tricks and started handing out free products in an effort to increase sales. The important lesson to learn here is no matter what your age is, you can become successful with your ideas, determination and hard work.
2) Believe in yourself and your ideas
Estée Lauder truly believed the world would be a better place if everyone bought her products. According to her, “A person has to love her harvest if she’s to expect others to love it.” Lauder believed in herself and the ideas she had for her Company. Although it was quite uncommon for women to start their business in the 1940s, Lauder stood her ground in the corporate world and focused on achieving her goals. In the entrepreneurial world, it is very important to believe in oneself and one’s ideas, in order to achieve any kind of success.
3) Working hard is the key to success
Estée Lauder was not born to a rich family. In fact, she started her business from her kitchen and with hard work, built her billion dollar company. Lauder famously said she did not become successful by wishing and hoping, but by working hard. If you have some great ideas, work hard towards making them a reality, instead of waiting for a golden opportunity.
4) Rejection is a great motivator
After her product was rejected by the manager of Europe’s largest department store, Lauder spilled a bottle of her perfume on the floor in order to attract people to her product. She was eventually offered a contract by the manager of the store, after people started showing interest in her product. Estée Lauder, instead of accepting defeat when faced with rejection, quickly found a way to achieve what she wanted. In the process, she taught us to take rejection in a positive way.
5) The power of creativity
Estée Lauder was a creative person and her creative marketing tactics were the reason her Company became so successful. When her Company was small and did not have any money to hire an ad agency, Estée came up with the idea of giving away free samples with each purchase. This technique proved to be a success and brought in thousands of new customers. She revolutionized the entire beauty industry with this technique, which has been adopted by many companies ever since.
Estée Lauder spent all her life working on her dream and in the process, became a role model to many. If you think we missed out on any other life lessons by Estée Lauder, comment below and let us know.
Thomas Alva Edison Most inspiring Quotes
Often regarded as America’s greatest inventor, Thomas Alva Edison is an inspiration to many. From the invention of the lightbulb, to developing the world’s first motion picture camera, Edison’s inventions had a strong impact on the modern industrialized world. Here are the 10 most inspiring quotes by Thomas Alva Edison.
Most inspiring quotes by Thomas Alva Edison
1) About being a genius
View this post on Instagram
A genius works harder and smarter every day to achieve his goals. . . #StartupStories #StartupLife #GrowthTips #WednesdayThoughts #ThomasAlvaEdison #USA #motivationalspeakers #motivationalquotes #inspirationalquotes #inspiration #success #successmindset #mondaythoughts #mondaymotivation #believeinyourself #believe #entrepreneur #entrepreneurship #entrepreneurgoals#instadaily #instainspire
2) About failure
View this post on Instagram
Failing is another way of learning what not to do. . . #StartupStories #StartupLife #GrowthTips #WednesdayThoughts #ThomasAlvaEdison #USA #motivationalspeakers #motivationalquotes #inspirationalquotes #inspiration #success #successmindset #wednesdaythoughts #wednesdaymotivation #believeinyourself #believe #entrepreneur #entrepreneurship #entrepreneurgoals#instadaily #instainspire
3) About hard work
View this post on Instagram
To achieve one needs to work hard! . . #StartupStories #StartupFacts #SuccessStories #StartupTip #ThomasAlvaEdison #thursdaydayTip #GrowthTip #successmantra #entrepreneur #entrepreneurquotes #entrepreneurmindset #entrepreneurlifestyle #entrepreneurship #entrepreneurslife #motivation #motivationalquote #motivationalquotes #motivationalquoteoftheday #inspirationalquotes #instainspiration #startupmindset #success #successstories #successquotes #successtips #successmantra #tuesdaymotivation #lifequotes #thursdayquotes
4) About giving up
View this post on Instagram
Our greatest weakness lies in giving up. . . #StartupStories #StartupLife #SuccessStories #startuplife #startupgrind #startupmindset #success #successstories #successquotes #successtips #successmantra #entrepreneur #entrepreneurquotes #entrepreneurmindset #entrepreneurlifestyle #entrepreneurship #entrepreneurslife #motivation #motivationalquote #motivationalquotes #motivationalquoteoftheday #inspirationalquotes #instainspiration
5) About time
6) About invention
7) About opportunity
8) About executing ideas
9) About capability
10) About discontentment
Thomas Alva Edison was an inventor turned entrepreneur, with 512 patents under his name. He was the first scientist to employ a group of researchers and to establish an industrial laboratory. Edison’s work and success is the reason many people see him as an inspirational figure.
Comment below and let us know which of these quotes by Thomas Alva Edison inspired you the most.
Harley-Davidson Success Story
The dream of every motorbike enthusiast, Harley-Davidson was founded in the year 1903 in Milwaukee, Wisconsin. This American motorcycle manufacturing company has seen several ups and downs in its 116 year long history and is one of the two motorcycle companies to survive the Great Depression.
Founder William S. Harley, along with his childhood friend Arthur Davidson, started working on a small engine in Davidson’s family shed. Based on William S. Harley’s design, the duo developed the first Harley-Davidson motorcycle, which took almost 2 years to finish. The duo were then joined by Arthur Davidson’s brothers William A. Davidson and Walter Davidson and formed their company Harley-Davidson, producing a limited number of motorcycles. Harley and the brothers then went on to build their first factory in 1906 in Chestnut Avenue, Milwaukee, where the corporate headquarters of Harley-Davidson are situated now. The Company slowly started making profits and by 1914, it was ahead of its competitor, Indian, another motorcycle manufacturing company and was producing almost 16,500 machines a year.
Harley-Davidson’s popularity rose after America entered World War I and the demand for motorcycle for war efforts increased. Harley-Davidson sold nearly 20,000 motorcycles to the American military. Another great opportunity was World War II, when the Company sold nearly 80,000 motorcycles to the allied forces.
By 1920, Harley-Davidson became the largest motorcycle manufacturing company in the world, with its presence in 67 countries. However, the Company suffered greatly during the Great Depression, when its sales plummeted from 21,000 in 1929 to 3,703 in 1933. The Company somehow survived the Great Depression by introducing various new vehicles like a three wheeled utility motorcycle called Servi-Car, while legendary motorcycle manufacturers like Excelsior-Hendersen perished.
Harley-Davidson stayed popular all over the world until the 1960s. In 1969, after it was bought by American Machine and Foundry (AMF,) the Company suffered from a tarnished reputation. The AMF fired many of the Company’s workers and reduced production, resulting in poor quality yet expensive motorcycles. This move resulted in a decline of sales and popularity and the Company almost went bankrupt.
Harley-Davidson gained its reputation back in 1981, after the AMF sold the Company to a group of investors, which included William A. Davidson’s grandson, Willie G. Davidson. The new management decided to exploit the retro appeal of the Company by adopting the look and feel of the earlier motorcycles manufactured by the Company. This was considered to be a smart move and Harley-Davidson revived its lost reputation. The Company has been growing ever since and launched various new ranges of motorcycles.
In the 21st century, Harley-Davidson established itself as one of the most respected motorcycle manufacturers in the world and became one of the strongest brands. With a net worth of over $ 5.06 billion, Harley-Davidson has come a long way.
- Estée Lauder Life Lessons
- Thomas Alva Edison Most inspiring Quotes
- Harley-Davidson Success Story
- Traits To Look For In A Co Founder
- Adidas Unknown Facts
- 5 Companies Founded By Elon Musk That Are Not Tesla
- Starbucks Unknown Facts
- Walmart Family Makes $ 4 Million Every Hour And $ 100 Million Every Day
- Friends Who Founded Companies Together
- Warren Buffett Most Inspiring Quotes
- Reid Hoffman Unknown Facts
- Best Coca-Cola Marketing Campaigns
- First Jobs Of Famous Billionaires
- JRD Tata Unknown Facts
- Jack Ma Most Inspiring Quotes
- Modern Technological Innovations To Combat Increasing Food Demands And Climate Change
- Incredible Friendship Of Bill Gates and Warren Buffett
- Henry Ford Unknown Facts
- Women Startup Summit – Ecosystem For Women Entrepreneurs In India To Be Promoted
- Richest Self Made Women Entrepreneurs