Women entrepreneurs have made significant strides in business, creating a substantial impact across various industries. According to the 2023 Women & Minority Business Owner Spotlight report by Bank of America Corporation (NYSE: BAC), female business owners are optimistic about the future despite certain challenges. Nowadays, women represent 11% of the world’s Ultra-High-Net-Worth-Individuals, up from just under 8% a decade ago. As such, this article aims to highlight the top 10 youngest female billionaires in the world, showcasing their impressive journeys and achievements.
About women entrepreneurs
The 2023 Women & Minority Business Owner Spotlight report reveals that women business owners have a positive outlook for their ventures, with 53% expecting revenue growth by August 2024. However, they are slightly less optimistic compared to their male counterparts, 70% of whom expect revenue increases. Despite this, women entrepreneurs are thriving and continually breaking barriers.
- Women entrepreneurs expect growth: 53% of women expect revenue increases by August 2024;
- Business expansion plans: 45% of women plan to expand their business;
- Seeking funding: 74% of women aim to obtain funding.
Although 31% of women entrepreneurs believe they will never have access to capital, 51% feel they currently have equal access. This mixed sentiment highlights the ongoing challenges and successes in the realm of women’s entrepreneurship.
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Some key stats about women entrepreneurs include:
- Optimism about capital access: 18% of women are positive about future capital access;
- Entrepreneurial intentions: One in six women globally plans to start a new business soon;
- Sector involvement: 48.6% of women are in wholesale and retail, while 17.6% are in government, health, education, and social services.
The top 10 youngest billionaires in the world
Here are the top 10 youngest female billionaires in the world, who have made significant contributions in various sectors, from tech to fashion.
10. Eva maria Braun-Luedicke
Aged 37, Eva Maria Braun-Luedicke is a Communications Manager for B. Braun Melsungen, a medical and pharmaceutical device company, and is worth $1.7 billion. She owns a 12% stake in the company, which has significantly contributed to her net worth.
- Age: 37;
- Net worth: $1.7 billion;
- Industry: Healthcare.
9. Ginia Rinehart
Ginia Rinehart is the youngest child of Gina Rinehart, an Australian mining magnate, and is also 37 years old. With a degree in business and a net worth of $2 billion, Ginia plays a significant role in the family business.
- Age: 37;
- Net worth: $2 billion;
- Industry: Mining.
8. Rihanna
Rihanna is not only a global music icon but also a successful entrepreneur. At the age of 36, she owns the cosmetics line Fenty Beauty and holds a 30% stake in Savage x Fenty lingerie. Her business ventures have boosted her net worth to $1.4 billion.
- Age: 36;
- Net worth: $1.4 billion;
- Industry: Entertainment and beauty.
7. Franziska Wuerbser
Also aged 36 like Rihanna, Franziska Wuerbser is one of the heirs to Rational AG (ETR: RAA)—a leading manufacturer of kitchen appliances. She inherited a 63% stake in the company, contributing to her net worth of $1.7 billion.
- Age: 36;
- Net worth: $1.7 billion;
- Industry: Manufacturing.
6. Melanie Perkins
Melanie Perkins is the co-founder and CEO of the graphic design platform Canva and is also 36. With an 18% stake in Canva, her innovative approach to design and technology has earned her a net worth of $4.4 billion.
- Age: 36;
- Net worth: $4.4 billion;
- Industry: Tech.
5. Taylor Swift
Although just 34 years old, Taylor Swift, the renowned singer-songwriter has amassed an astonishing net worth of $1.1 billion through her music career, live shows, and royalties from her extensive catalog of songs.
- Age: 34;
- Net worth: $1.1 billion;
- Industry: Entertainment.
4. Katharina Andresen
Katharina Andresen, along with her sister Alexandra, inherited a 42% stake in Ferd, a family-owned investment company. While only 28 years old, her strategic role in the company has resulted in a net worth of $1.6 billion.
- Age: 28;
- Net worth: $1.6 billion;
- Industry: Investment.
3. Alexandra Andresen
Just like her sister Katharina whom we mentioned previously, Alexandra Andresen inherited a substantial stake in Ferd. At 27, she is one of the youngest billionaires in the world, with a net worth of $1.6 billion.
- Age: 27;
- Net worth: $1.6 billion;
- Industry: Investment.
2. Kim Jung-min
Along with her sister Kim Jung-youn, Kim Jung-min inherited an 18% stake in NXC, the largest shareholder in online gaming giant Nexon (TYO: 3659). At the young age of 22, her net worth stands at $1.5 billion.
- Age: 22;
- Net worth: $1.5 billion;
- Industry: Gaming.
1. Kim Jung-youn
Kim Jung-youn is the youngest richest woman in the world at just 20 years old. She holds an 18% stake in NXC, alongside her sister whom we already mentioned, which has significantly contributed to her net worth of $1.5 billion.
- Age: 20;
- Net worth: $1.5 billion;
- Industry: Gaming.
Looking forward
The top 10 youngest female billionaires in the world exemplify the potential and success women can achieve across various industries. From tech innovators like Melanie Perkins to entertainment icons like Rihanna and Taylor Swift, these women have broken barriers and set new standards for success.
As more women entrepreneurs rise to the occasion, their impact on the global economy will only continue to grow, inspiring future generations to follow in their footsteps.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
