There has never been a better time to be one of the female beauty entrepreneurs – at least, that is, if you believe the data from the new list of “America’s Richest Self-Made Women” compiled by Forbes.
The business publication has released its list of the top 60 self-made women earners in the US, and of the seven newcomers, five have made their fortunes in the beauty and wellness industry.
Leading the beauty pack is Anastasia Soare, who claimed spot number 21 on the list, with a US$1bil (RM4bil) fortune. Soare launched herAnastasia Beverly Hills brand of makeup back in 2000. The line became famous for its signature brow-shaping products, which corresponded with the rise of “Insta-beauty” and the bold eyebrows trend. The company expanded into colour cosmetics in 2014.
In 27th place on the list is Kylie Jenner, the reality TV star-turned-cosmetics-CEO who has amassed a US$900mil (RM3.6bil) fortune from Kylie Cosmetics, the online makeup brand she founded in just 2015 with her debut Lip Kits. The star has since gone on to expand her rapidly-growing portfolio to include products for eyes, lips and face, as well as tools such as makeup brushes.
Huda Kattan began her beauty career as a makeup artist and blogger, before going on to found her own line of false eyelashes in 2013. Her Huda Beauty cosmetics brand now spans eye, lip and face makeup and has earned Kattan US$550mil (RM2.2bil) and spot number 37 on the list.
Anne Wojcicki’s personal genomics company 23andMe allows users to use DNA samples to find out more about their ancestry and family history. It has made her US$440mil (RM1.8bil) and garnered her spot number 44 on the list.
Kim Kardashian West
Jenner’s older sister Kim Kardashian West put her own stamp on the beauty industry last year, with the launch of her KKW Beauty and KKW Fragrance brands. Both have seen incredible success, netting Kardashian US$350mil (RM1.4bil). She is placed at number 54 on the list.