These 5 entrepreneurs, executives and entertainers, including Taylor Swift and Kylie Jenner, are breaking barriers in both business and entertainment.
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LifestyleTranscript
00:00Building a fortune doesn't have to take a lifetime.
00:03The youngest members of Forbes' 2024 list of America's richest self-made women are proof of that.
00:09Among the 100 list members, 11 are under the age of 40.
00:14While this number has coincidentally stayed the same over the past years,
00:18some of its faces have changed as new women have entered the ranks and others have fallen off.
00:23Here are the five richest self-made women under 40 in 2024.
00:29At number five, Shuo Wang.
00:31Wang is co-founder and chief revenue officer of HR software firm Deal.
00:36Less than five years after its founding, Deal surpassed $500 million in annual revenue in March.
00:43After moving from China to the U.S. at age 16, Wang reportedly sold scooters at flea markets while in high school.
00:50She went on to study robotics at MIT and co-founded air purification company Aeris before Deal.
00:58At number four, Taylor Swift.
01:00Music's most powerful star dominated the concert business and became a billionaire in 2023.
01:06Her Aeris tour set a record in December as the first ever to gross over $1 billion in ticket sales, according to Polestar.
01:13It's expected to bring in more than $2 billion by the time it wraps later this year.
01:19At number three, Whitney Wolfhard.
01:22Wolfhard stepped down as CEO of Bumble in January, almost a decade after founding the female-focused dating app.
01:29Bumble's shares have plummeted nearly 90% since the company started trading in February 2021,
01:35when Wolfhard briefly became the country's youngest self-made female billionaire.
01:41At number two, Lucy Guo.
01:43Most of her fortune lies in her nearly 6% stake of artificial intelligence firm Scale.ai, which she co-founded with Alexander Wang in 2016.
01:52Guo left Scale in 2018 and now runs Passes, a platform for creators hawking makeup tutorials, relationship advice, and more.
02:00The company raised $40 million in February from investors including Good Americans and Magritte.
02:06And at number one, Kylie Jenner.
02:09The youngest Kardashian launched clothing line Kai last fall, then released Sprinter Vodka Soda and a fragrance called Cosmic in March.
02:17Most of her wealth still comes from an estimated 44.1% stake in Kylie Cosmetics,
02:23plus cash from selling 51% of the business to French beauty giant Coty in 2020 for $600 million.
02:38And at number two, Kylie Jenner.
02:40Kylie Jenner is the first female-focused dating app to launch in the U.S.
02:44The company was founded in 2014 and has been the world's first female-focused dating app.
02:49The company is the first female-focused dating app to launch in the U.S.
02:53The company is the first female-focused dating app to launch in the U.S.
02:56The company is the first female-focused dating app to launch in the U.S.
02:59The company is the first female-focused dating app to launch in the U.S.