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02 October 2023

Top 10 richest Women in World: Walmart heiress, L'Oreal's boss...

In the latest Forbes richest list, of a total 1,826 billionaires, 197 are women, up from 172 in 2014. (Agencies)

By Correspondent

Bill Gates stands atop Forbes magazine's annual list of the world's richest people as his net worth rose to $79.2 billion from $76 billion a year earlier.

Mexico telecommunications mogul Carlos Slim Helu ranked second, worth $77.1 billion, while Berkshire Hathaway Inc  chief Warren Buffett was third, at $72.7 billion.

Amancio Ortega, the Spanish founder of Inditex SA, which includes clothing retailer Zara, was fourth at $64.5 billion, while Oracle Corp Chairman Larry Ellison was fifth at $54.3 billion.

Of a total 1,826 billionaires, 197 are women, up from 172 in 2014. That's a nice gain, but women still account for just a small percentage of the list — 11% of the total.

Of the record 197 women, the highest-ranked was Wal-Mart Stores Inc heiress Christy Walton, who was eighth at $41.7 billion.

France's Liliane Bettencourt, who got much of her wealth from cosmetics company L'Oreal SA, was 10th at $40.1 billion.

Many of the women among the billionaires ranks inherited their wealth from either their husbands or their fathers.

Just 29 of the 197 women are self-made billionaires. One newcomer in that subset is Elizabeth Holmes, who, at 31, is also the youngest self-made billionaire in the world. She dropped out of Stanford with an idea for a better blood testing company that uses just a drop of blood. Theranos was valued by investors in 2014 at $9 billion, and she owns half the company, giving her a $4.5 billion net worth.

Top 10 Forbes 2015 ranking of Richest Women:

1. Christy Walton $41.7bn (Wal-Mart), United States

2. Liliane Bettencourt $40.7bn (L'Oreal), France

3. Alice Walton $39.4bn (Wal-Mart), United States

4. Jacqueline Mars $26.6bn (Candy company Mars), United States

5. Maria Franca Fissolo $23.4bn (Ferrero Group), Italy

6. Laurene Powell Jobs $19.5bn (Apple, Emerson Collective), United States

7. Anne Cox Chambers $17bn (Cox Enterprises), United States

8. Susanne Klatten, $16.8bn (BMW, pharmaceuticals), United States

9. Johanna Quandt, $13.9bn (BMW), Germany

10. Iris Fontbona, $13.5bn (mining), Chile