Fashion and beauty moguls show more gains on 2019 Forbes list of America’s richest self-made women

June 4, 2019

by Yvette Thomas

Forbes has published its 2019 list of America’s Richest Self-Made Women, and what’s notable about this year’s list of 80 women is that several of the new entries on the newly expanded list are entrepreneurs from the fashion and beauty industries: Rihanna, Patricia Miller, Toni Ko and Karissa Bodnar. The women eligible to be on the list are U.S. citizens or U.S. residents who founded a company that is headquartered in the United States. All net-worth figures are estimated by Forbes, as of June 3, 2019.

Here’s a summary of the moguls from the fashion and beauty industries who made it onto the list:

The Billionaire Moguls

Doris Fisher, co-founder of Gap Inc., is ranked at No. 8 (same as in 2018), and has an estimated net worth of $2.7 billion, down from $2.8 billion in 2018. Gap Inc. is the parent company of such fashion retailers as Gap, Old Navy, Banana Republic, Intermix, Weddington Way and Athleta. Although Gap Inc. has been hit hard in recent months with closures of many of its stores, don’t expect Fisher to lose her billionaire status anytime soon.

Tied at No. 14, with an estimated worth of $1.5 billion each, are Forever 21 co-founder Jin Sook Chang and Proactiv co-founders Kathy Fields and Katie Rodan. Chang, Fields and Rodan have the same rankings and net worths as they did in 2018. Forever 21 has successfully extended its youth-oriented fashion brand with the launch of lower-priced retailer F21 Red and the beauty retailer Riley Rose. Proactiv’s winning subscription-based business model, boosted by celebrity endorsements of the company’s skin-care products, has made Proactiv the leading mail-order service for non-prescription acne treatment.

Anastasia Soare, who built a cosmetics empire with her Anastasia Beverly Hills brand, holds on to her No. 21 ranking on the list, but her net worth increased from $1 billion in 2018 to $1.2 billion in 2019. Spanx founder Sara Blakely is No. 23 (down from No. 21 in 2018) on the list, with an estimated net worth of $1 billion (same as in 2018), thanks to her patented invention that changed the way undergarments can shape a body. Kylie Cosmetics founder Kylie Jenner has now entered billionaire status: She’s tied at No. 23, with an estimated net worth of $1 billion. Jenner was No. 27 on the list in 2018, with an estimated net worth of $900 million. With the help of mother/manager Kris Jenner, Kylie Jenner parlayed her reality TV fame and social-media savvy into the Kylie Cosmetics company, which was founded in 2016. At 21 years old, Kylie Jenner is the youngest person on the entire list.

The Veteran Millionaire Moguls

Most of the women on the list have companies that are more than 10 years old. Some have literally made their fortunes by their names, since their names are the same as their companies. They include fashion designer Tory Burch (No. 29 on the list, with an estimated net worth of $850 million, up from $800 million in 2018, where she was also ranked at No. 29); jewelry designer Kendra Scott (No. 40, net worth of $550 million; up from $500 million in 2018, where she was also ranked at No. 40); fashion designer Vera Wang (No. 45, net worth of $460 million); and fashion designer Donna Karan (No. 49, net worth of $430 million).

Alex & Ani founder Carolyn Rafaelian (who has a majority stake in the accessories company) took a steep tumble down the list. In 2018, she was ranked at No. 21, with an estimated net worth of $1 billion. In 2019, Rafaelian is No. 52 on the list, with an estimated net worth of $520 million. Wang’s fortune also took a hit:  In 2018, she was at No. 34 on the list, with a net worth of $630 million. Also sliding down the list was Karan: In 2018, she was No. 43 on the list, with a net worth of $470 million.

Paisley designs have off well for Vera Bradley co-founder Patricia Miller (No. 69, net worth of $300 million), who retired from the accessories company in 2012, but still rakes in a fortune as a significant stakeholder. NYX Cosmetics founder Toni Ko (No. 75, net worth of $270 million) sold the company to L’Oréal for $500 million in 2014. In 2016, she launched  sunglasses company Thomas James LA. She is also a venture capitalist; her Butter Ventures company invests primarily in female-owned businesses.

The Upstart Millionaire Moguls

Fashion and beauty moguls on the list who have companies that are less than 10 years old owe most of their marketing success to TV and social media.

Rihanna (No. 37, net worth of $600 million) is best known as a Grammy-winning superstar singer, but she’s made much of her fortune through the beauty and fashion industries. Her inclusive cosmetics company Fenty Beauty (launched in 2017) was an immediate hit. She’s also partnered with Puma for a Fenty brand of shoes. In 2019, Rihanna made fashion history by joining forces with fashion giant LVMH (parent company of Louis Vuitton, among numerous other brands) to create her own fashion brand called Fenty. With this partnership deal, Rihanna became the first woman to create an original brand at LVMH and the first woman of color at the top of an LVMH house.

Huda Kuttan (No. 36, net worth of $610 million), who started off as a makeup artist, became a beauty blogger in 2010, and then used that Internet notoriety to launch the Huda Beauty cosmetics company, which she co-founded with her sisters in 2013. Kuttan’s fortunes have increased every year since then. On 2018, she was No. 37 on the Forbes list, with a net worth of $550 million. She is also the star of a Facebook Watch reality show titled “Huda Boss,” which debuted in June 2018, and has been renewed for a second season.

Jamie Kern Lima (No. 47, net worth of $440 million) used to be a TV reporter, but transitioned into the beauty industry by founding It Cosmetics in 2010, when she first began selling the company’s products on QVC. In 2016, she sold the company to L’Oréal for $1.2 billion, while still retaining leadership of It Cosmetics, making her the first female CEO of a L’Oréal-owned company. Kern Lima’s net worth remains the same from 2018, although she was ranked higher on the list (at No. 44) in 2018.

Kylie Jenner’s half-sister and “Keeping Up With the Kardashians” co-star Kim Kardashian West (No. 57, net worth of $370 million) has made most of her fortune from reality TV and licensing her name to video games, but Kardashian West’s fashion/beauty ventures (including KKW Beauty, the cosmetics line that Kardashian West launched in 2017) have contributed significantly to her wealth. Although Kardshian West is ranked lower on the list in 2019 (she was No. 54 in 2018), her net worth has increased from $350 million in 2018.

In 2013, makeup artist Karissa Bodnar (No. 74, net worth of $275 million) left her corporate job at L’Oréal and made the leap into entrepreneurship by launching Thrive Causemetics, “a direct-to-consumer makeup brand that sells products that are vegan, cruelty-free and without parabens, latex and sulfates,” according to Forbes. Instagram has been a key factor in Thrive Causemetics’ success.

Fashion and beauty moguls increase clout on Forbes list of America’s Richest Self-Made Women

July 11, 2018

by Yvette Thomas

Forbes has published its 2018 list of America’s Richest Self-Made Women, and what’s notable about this year’s list of 60 women is that four of the seven new entries on the list are entrepreneurs from the fashion and beauty industries: Anastasia Soare, Kylie Jenner, Kim Kardashian West and Huda Kuttan. The women eligible to be on the list are U.S. citizens who founded a company that is headquartered in the United States. All net-worth figures are estimated by Forbes, as of July 10, 2018.

Here’s a summary of the moguls from the fashion and beauty industries who made it onto the list:

The Billionaire Moguls

Doris Fisher, co-founder of Gap Inc., is ranked at No. 8, and has an estimated net worth of $2.8 billion. Gap Inc. is the parent company of such fashion retailers as Gap, Old Navy, Banana Republic, Intermix, Weddington Way and Athleta. Although Gap Inc. has been hit hard in recent months with closures of many of its stores, don’t expect Fisher to lose her billionaire status anytime soon.

Tied at No. 13, with an estimated worth of $1.5 billion each, are Forever 21 co-founder Jin Sook Chang and Proactiv co-founders Kathy Fields and Katie Rodan. Forever 21 has successfully extended its youth-oriented fashion brand with the launch of lower-priced retailer F21 Red and the beauty retailer Riley Rose. Proactiv’s winning subscription-based business model, boosted by celebrity endorsements of the company’s skin-care products, has made Proactiv the leading mail-order service for non-prescription acne treatment.

Spanx founder Sara Blakely is No. 21 on the list, with an estimated net worth of $1 billion, thanks to her patented invention that changed the way undergarments can shape a body.  Also tied at No. 21, with an estimated net worth of $1 billion each, are Alex & Ani founder Carolyn Rafaelian (who has a majority stake in the accessories company) and Anastasia Soare, who built a cosmetics empire with her Anastasia Beverly Hills brand.

The Veteran Millionaire Moguls 

Most of the women on the list have companies that are more than 10 years old. Some have literally made their fortunes by their names, since their names are the same as their companies. They include fashion designer Tory Burch (No. 29 on the list, with an estimated net worth of $800 million); fashion designer Vera Wang (No. 34,  net worth of $630 million); jewelry designer Kendra Scott (No. 40, net worth of $500 million); and fashion designer Donna Karan (No. 43, net worth of $470 million).

The Upstart Millionaire Moguls

Fashion and beauty moguls on the list who have companies that are less than 10 years old owe most of their marketing success to TV and social media. With the help of mother/manager Kris Jenner,  Kylie Jenner (No. 27 on the list, with an estimated net worth of $900 million) parlayed her reality TV fame and social-media savvy into the Kylie Cosmetics company, which was founded in 2016. Kylie’s half-sister and “Keeping Up With the Kardashians” co-star Kim Kardashian West (No. 54, net worth of $350 million) has made most of her fortune from reality TV and licensing her name to video games, but Kardashian West’s fashion/beauty ventures have contributed significantly to her wealth. KKW Beauty, the cosmetics line that Kardashian West launched in 2017, had $100 million in sales in its first year, according to Forbes.

Huda Kuttan (No. 37,  net worth of $550 million), who started off as a makeup artist, became a beauty blogger in 2010, and then used that Internet notoriety to launch the Huda Beauty cosmetics company, which she co-founded with her sisters in 2013. Jamie Kern Lima (No. 44, net worth of $440 million) used to be a TV reporter, but transitioned into the beauty industry by founding It Cosmetics in 2010, when she first began selling the company’s products on QVC. In 2016, she sold the company to L’Oréal for $1.2 billion, while still retaining leadership of It Cosmetics, making her the first female CEO of a L’Oréal-owned company

Alex and Ani new collection inspired by Disney’s ‘A Wrinkle in Time’

February 28, 2018

Disney's "A Wrinkle In Time" Collection By Alex and Ani (Photo courtesy of Alex and Ani)
Disney’s “A Wrinkle In Time” Collection By Alex and Ani (Photo courtesy of Alex and Ani)

Alex and Ani, the beloved lifestyle brand that creates meaningful, eco-conscious jewelry to positively empower and connect humanity, today announces a new, cosmically-inspired capsule: Disney’s A Wrinkle In Time Collection by Alex and Ani. Available Friday, March 2, 2018, the 19-piece collection includes necklaces, bracelets and rings inscribed with iconic quotes and magical symbols from the cherished story of one young girl’s epic adventure.

Hand-crafted with intention in Rhode Island, all Alex and Ani accessories harness power and meaning through symbolism, providing a vehicle for the wearer to express his or her individuality. Be it the magical flowers from the planet Uriel or the inspiring words from Mrs. Who, Mrs. Which and Mrs. Whatsit – every piece from Disney’s A Wrinkle In Time Collection by Alex and Ani is meant to speak to one’s heart, unleashing the triumphant powers of love and light.

To further celebrate this exciting collaboration Alex and Ani and Disney jointly produced a video, capturing the interconnection of the film’s powerful messaging to the brand. Both the collection and the video are designed to connect you to the mysteries outside of time and space, with the challenge to become a warrior for love – armored with the power in each Alex and Ani piece. Link to video here: https://www.youtube.com/watch?v=aV_gs7ajn58&feature=youtu.be

Disney’s A Wrinkle In Time Collection by Alex and Ani will be available online at www.alexandani.com and at Alex and Ani stores around the world, as well as select retail locations. See below for descriptions of the full collection and be sure to share your journey on Instagram @ALEXANDANI.

DISNEY’S A WRINKLE IN TIME COLLECTION BY ALEX AND ANI

DARK AND STORMY NIGHT SPINNER NECKLACE
.925 sterling silver 32″ expandable necklace with spinner charm featuring Swarovski crystal embellishments

MOST BEAUTIFUL DREAM SPINNER NECKLACE
14kt rose gold-plated 32″ expandable necklace with spinner charm featuring Swarovski crystal embellishments

BELIEVING TAKES PRACTICE SPINNER NECKLACE
14kt gold-plated 32″ expandable necklace with spinner charm featuring Swarovski crystal embellishments

PURPLE URIEL FLOWER NECKLACE
.925 sterling silver 18″ adjustable necklace featuring glow-in-the-dark flower charm

ORANGE URIEL FLOWER NECKLACE
14kt gold plated 18″ adjustable necklace featuring glow-in-the-dark flower charm

PINK URIEL FLOWER NECKLACE
14kt rose gold-plated 18″ adjustable necklace featuring glow-in-the-dark flower charm

FIND YOUR PLACE IN THE UNIVERSE ADJUSTABLE RING
14kt rose gold-plated adjustable ring engraved with the iconic quote

BRING BACK THE LIGHT ADJUSTABLE RING
14kt gold-plated adjustable ring engraved with the iconic quote

WILD NIGHTS ARE MY GLORY ADJUSTABLE RING
.925 sterling silver adjustable ring engraved with the iconic quote

FIND YOUR PLACE IN THE UNIVERSE ADJUSTABLE NECKLACE
14kt rose gold-plated 19″ adjustable necklace with vertical tag engraved with the iconic quote 

BRING BACK THE LIGHT ADJUSTABLE NECKLACE
14kt gold-plated 19″ adjustable necklace with vertical tag engraved with the iconic quote 

WILD NIGHTS ARE MY GLORY ADJUSTABLE NECKLACE
.925 sterling silver 19″ adjustable necklace with vertical tag engraved with the iconic quote 

FIND YOUR PLACE IN THE UNIVERSE PULL CHAIN BRACELET
14kt rose gold-plated 19″ pull chain bracelet with horizontal tag featuring the iconic quote 

SEE THE UNSEEN PULL CHAIN BRACELET
.925 sterling silver 19″ pull chain bracelet with horizontal tag featuring the iconic quote 

NOTHING IS HOPELESS PULL CHAIN BRACELET
14kt gold-plated 19″ pull chain bracelet with horizontal tag featuring the iconic quote 

SPIRAL RING WRAP
Cosmo-inspired ring wrap available in .925 sterling silver, 14kt gold-plate and 14kt rose gold-plate

BE A WARRIOR EXPANDABLE NECKLACE
28″ expandable charm necklace featuring the iconic quote, available in Rafaelian Silver Finish and Rafaelian Rose Gold Finish

LOVE LOCKET ADJUSTABLE NECKLACE
20″ adjustable locket necklace in Rafaelian Gold Finish

BE A WARRIOR WRAP
Two-tone beaded wrap bracelet featuring Rafaelian Rose Gold Finish stars and Rafaelian Silver Finish metal beads

About ALEX AND ANI
The ALEX AND ANI brand creates meaningful, eco-conscious jewelry and accessories to positively empower and connect humanity. Carolyn Rafaelian, Founder, CEO and Chief Creative Officer designs each piece. Carolyn believes that every individual has their own positive energy to share with the world. By incorporating powerful symbolism and personal meaning into each product, ALEX AND ANI provides a vehicle for consumers to express their individuality. ALEX AND ANI is committed to giving back to the world that we live in. The company is passionate about the wellbeing of our planet, our communities, and our individual paths. ALEX AND ANI uses recycled materials with eco-conscious processes and through their CHARITY BY DESIGN division, ALEX AND ANI positively impacts our planet and our communities. CHARITY BY DESIGN has strengthened non-profit organizations through innovative partnerships and collaborative experiences resulting in donations of over $50 million. An Inc. 500 Company, ALEX AND ANI has retail stores in addition to retail partners worldwide. The company’s World Headquarters is located in the greater Providence, Rhode Island area. Please visit www.alexandani.com for more information.

About Disney’s A Wrinkle In Time
From visionary director Ava DuVernay comes Disney’s “A Wrinkle in Time,” an epic adventure based on Madeleine L’Engle’s timeless classic which takes audiences across dimensions of time and space, examining the nature of darkness versus light and, ultimately, the triumph of love. Through one girl’s transformative journey led by three celestial guides, we discover that strength comes from embracing one’s individuality and that the best way to triumph over fear is to travel by one’s own light. Meg Murry is a typical middle school student struggling with issues of self-worth who just wants to fit in. The daughter of two world-renowned physicists, she is intelligent and uniquely gifted, as is Meg’s younger brother, Charles Wallace, but she has yet to realize it for herself. Complicating matters is the mysterious disappearance of Mr. Murry, which has left Meg devastated and her mother broken-hearted. Charles Wallace introduces Meg and her fellow classmate Calvin to three celestial beings (Mrs. Which, Mrs. Whatsit and Mrs. Who) who have journeyed to Earth to help search for their father, and together they embark on their formidable quest. Travelling via a wrinkling of time and space known as tessering, they are transported to worlds beyond their imagination where they must confront a powerful evil force. To make it back home to Earth, Meg must face the darkness within herself in order to harness the strength necessary to defeat the darkness rapidly enveloping the Universe.

Directed by Oscar® nominee Ava DuVernay from a screenplay by Oscar winner Jennifer Lee and Jeff Stockwell based upon the beloved novel by Madeleine L’Engle, “A Wrinkle in Time” stars: two-time Academy Award® nominee Oprah Winfrey as Mrs. Which, Oscar winner Reese Witherspoon as Mrs. Whatsit, Emmy® nominee Mindy Kaling as Mrs. Who, Storm Reid as Meg MurryGugu Mbatha-Raw as Mrs. Murry, Michael Peňa as Red with two-time Emmy winner Zach Galifianakis as the Happy Medium and Emmy nominee Chris Pine as Mr. Murry. Produced by Jim Whitaker and Catherine Hand with Doug Merrifield and Adam Borba serving as executive producers, the film also boasts an impressive creative team featuring some of the most talented and skilled craft persons working today, including: Tobias Schliessler, ASC as director of photography, Naomi Shohan as production designer, Oscar®-nominee Spencer Averick as film editor, two-time Academy Award®-nominee Paco Delgado as costume designer with music by Ramin Djawadi. “A Wrinkle in Time” opens nationwide on March 9, 2018

Copyright 2017-2023 Culture Mix
CULTURE MIX