Who’s the billionaire who grew up on a dairy farm and is now the richest govt within the USA

Who’s the billionaire who grew up on a dairy farm and is now the richest govt within the USA

Diane Hendricks, co-founder of ABC Supply, is worth $13 billion

In 2022, Diane Hendricks was elected the richest executive in the United States for the fifth consecutive time, according to the Forbes list that brings together the most successful entrepreneurs, executives and artists in the country.

Hendricks did not inherit his $13 billion net worth from celebrities or political leaders. She spent her childhood on a dairy farm in Wisconsin.

In 1982, Hendricks created with her husband the ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in the United States. After the death of Ken Hendricks in 2007, she became president and led the company’s two largest acquisitions.

Who is Diane Hendricks?

Hendricks got pregnant at age 17 and had to finish high school on the farm run by her parents. At the age of 21, she filed for divorce and, as a single mother, worked in a few offices.

“Motherhood was challenging, but it made me grow up really fast,” said Hendricks. “That didn’t stop me from wanting to achieve my dream. In fact, I think I became even more focused on what I wanted to achieve.”

In the 1970s, she met and married building contractor Ken Hendricks🇧🇷 Together they created ABC Supply in Beloit, Wisconsin.

In 1994, the company had 100 units. Four years later, ABC Supply has raised over $1 billion in annual revenue for the first time.

Since her husband’s death in 2007, Hendricks has led ABC Supply. She was at the helm of the company during the two biggest acquisitions in its history:

  • Rival Bradco in 2010;
  • Building materials distributor L&W Supply in 2016

Currently, ABC Supply has more than 800 units and is the 23rd largest private company in the country with revenues of US$ 15 billion in 2021.

Hendricks still lives in Beloit, a city of less than 37,000 people. According to Forbes, it has spent millions of dollars on local economic development, rebuilding entire city blocks and bringing numerous new businesses to the state.

In 2017, Hendricks opened a local career center where he hosts workshops to teach middle and high school skills like coding and construction.

Who are the richest women in the world?

According to the Forbes “World’s Billionaires” ranking, there are women who work in different areas of the economy, such as mining, real estate, finance, pharmaceuticals and much more.

Check below the list of 10 richest women in the world:

  1. Françoise Bettencourt Meyers – US$ 74.8 billion (R$ 347 billion);
  2. Alice Walton – US$ 65.3 billion (R$ 303 billion);
  3. Julia Koch – US$ 60 billion (R$ 278 billion);
  4. MacKenzie Scott – US$ 43.6 billion (R$ 202 billion);
  5. Jacqueline Mars – US$ 31.7 billion (R$ 147 billion);
  6. Gina Rinehart: US$ 30.2 billion (R$ 140 billion);
  7. Miriam Adelson: US$ 27.5 billion (R$ 127.5 billion);
  8. Susanne Klatten: US$ 24.3 billion (R$ 112.7 billion);
  9. Iris Fontbona: US$ 22.8 billion (R$ 105 billion);
  10. Abigail Johnson: US$ 21.2 billion (R$ 98 billion);

Source: Exam

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