Although the world’s billionaires are mostly men, women are rapidly catching up, achieving unprecedented heights in wealth. However, some women are making their way to their first billion faster than others. From superstars like Rihanna, to entrepreneurs like Katrina Lake, here is Forbes recently released 2020 list of the 10 richest women in the world under 40, arranged by how many years they each have to reach that first billion dollars.
The youngest Kardashian/Jenner sister is actually the richest of them all. This style icon is currently worth $900 Million, earning roughly about $593 million yearly. It’s estimated that Jenner is only 0.16 years away from hitting $1 billion, and that would make her both the youngest and the richest on this list.
Queen Bey is arguably one of the most legendary singers of all-time. Not surprisingly, the singing sensation is also a money making machine worth $400 million, earning $64 million yearly. It’s estimated that Beyonce’s net worth will rocket to a billion dollars in about 9 years
As of 2020, pop star Rihanna, known for her smash hits and iconic albums, has completely flipped her image from iconic singer to uber successful businesswoman. While we still eagerly await her new albums, Rihanna is achieving phenomenal success with her makeup brand, Fenty. Currently, she is worth $600 million, and earns $36 million yearly. This means that she is estimated to hit the billion dollars mark in 11 years.
4. Taylor Swift
It’s no surprise that Swift is on this list. Currently worth $360 million, the singer’s net worth has been skyrocketing year in and year out. Earning about $50 million a year, especially from her sold-out tours, Swift’s net worth is estimated to rise to one billion dollars in about 13 years, which ironically, is her favourite number and one of her signature marks.
It may be surprising that Kim, the founder of the Kardashian dynasty, is not as high on this list as her younger sister Kylie. It’s no secret that the family’s rise to prominence began when Kim singlehandedly turned a series of unfortunate events into a TV empire. Personally worth $360 million and earning roughly $39 million a year, this iconic reality TV star is estimated to become a billionaire in about 16 years.
As of 2020, Whitney Wolfe, the founder of Bumble, the international social and dating app where women get to make the first move, has garnered over $290 million and earns about $32 million a year. If the hopeless romantics of the world continue their search for love, Wolfe will become a billionaire in about 22 years.
The inspirational tennis legend, who paved the way for women in sports all over the world, is also the richest female athlete in the world. Williams is worth over $225 million and earns about $28 million a year. She is estimated to reach a billion dollars in about 27 years.
Huda Kattan, the Iraqi/American founder of the hit cosmetics brand, Huda Beauty, has made a fortune for herself in the makeup industry. The entrepreneur is worth over $650 million and earns about $600,000 a year. Kattan is set to become a billionaire in about 650 years, give or take.
Katrina Lake, the founder of Stitch Fix, the thrift clothing service that delivers customised shopping options right to your doorstep, has amassed a massive $380 million to date. Her yearly earnings, however, stand at just about $637,000 a year, which means she’s got 972 years to reach a billion dollars!
Karissa Bodmar, founder of Thrive Causemetics, the ethical, vegan direct-to-consumer cosmetics brand, is worth an impressive $275 million and earns about $600,000 a year. At this rate, this successful entrepreneur, listed by Forbes as the 10th richest women in the world under 40, would earn her first billion dollars in roughly 1208 years. Not too long, right?