(Photo Credit: Photo of Alice Walton from Wikimedia Commons)
"There's no denying that women are still a tiny minority on the list, representing a little over 10 percent of the total," writes Andrea Navarro in a separate column.
Furthermore, Jezebel points out that only five of the new women on the list, including Sheryl Sandberg, are self-made billionaires. The top spots on the list go to Christy Walton, Liliane Bettencourt, and Alice Walton -- all of whom inherited their wealth from family empires in retail and cosmetics.
Still, the additions to the list can tell us something: Sandberg made the cut because of soaring shares of Facebook stock; company founder Mark Zuckerberg also nearly doubled his fortune for the same reason. The lesson? It pays to negotiate for more than just cash when you accept a job. (But still, negotiate for that cash, too. Not every company can be a Facebook.)
How did the other four self-made female newcomers get rich?
"...Folorunsho Alakija ($2.5 billion), Nigeria's first female billionaire, whose Famfa Oil owns a prolific oil bloc," writes Navarro. "There's UK's Denise Coates ($1.6 billion), the co-CEO and largest shareholder of online gambling site Bet365; Liu Xiaomeng ($1 billion), who holds a stake in the Suning Appliance Group, which in turn owns 14% of Suning Commerce Group, China's largest appliance retailer; and Wang Laichun ($1 billion) Chairman of Shenzhen Luxshare Precision Industry Co., Ltd."
Some of the world's richest women, in other words, are doing it for themselves.
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