Female entrepreneurship and the presence of women in leadership positions have a positive influence on the social motivations and achievements of businesses and governments.
Women empowerment is critical in today’s culture because it strives to give women the springboard from which to contribute to development.
Women make great leaders because they have the ability to challenge assumptions and inspire great leadership. They also know how to translate big ideas into concrete action and results.
In this post, we will cover business lessons from the world’s top 10 richest women!
- Françoise Bettencourt Meyers
Françoise Bettencourt Meyers is a French businesswoman from Neuilly-sur-Seine, France. According to Forbes, Françoise is the richest woman on the planet with a networth of 74.1 billion USD.
She was born on 10th July 1953 (she’s a Cancer), she is 68 years old with 2 children from her husband Jean-Pierre Meyers.
She is the only daughter of the late billionaire, Liliane Bettencourt. Liliane was a French beneficiary, socialite, and financial specialist and she was one of the chief investors of L’Oreal. At the hour of her demise (21st September 2017), she was the most extravagant lady and the fourteenth most extravagant individual in the world, with total assets of around $44.3 billion.
Françoise Bettencourt Meyers is the most popular for her otherworldly side, and she has distributed writing on Jewish Christian relations and Greek Mythology. Additionally, she’s written on Catholicism, Judaism, the Tribes of Israel, and the family tree of Adam and Eve.
Here are the three lessons we can learn from her:
- Your time is the best asset, and one thing you can’t get back. If you want to execute at the highest of levels, you need to get the full understanding of time. Focus on your life and business in such a way that it lines up with what you value most.
- Take your blinders off. If you always have your blinders on, your point of view will be excessively thin, and you’ll be blind to promising opportunities. A large portion of Françoise’s lessons came from setbacks, disappointments, and losses. Although painful, they fostered her to develop the mindfulness that she has today.
- Do NOT “Stick to what you Know”: According to Françoise, this is a severe way of thinking especially in business. “After living that for a long time, I have come to accept the complete opposite. By keeping your psyche open and embracing oddity, you create open doors for yourself. Presenting yourself to a huge number of ideas, your extension grows.”
2. Alice Walton
Alice Louise Walton is an American beneficiary of the fortune of Walmart. In September 2016, she claimed over US$11 billion in Walmart shares.
She was born on 7th October 1949 (Libra), she is 72 years old with no children.
As of August 2022, Alice Walton’s total assets are assessed at $65.5 billion, making her the twentieth wealthiest individual, and the second richest lady on the planet as per Bloomberg Billionaires Index.
Some of the inspiring quotes from her are:
- “As I say of horses, the secret to breeding great horses is the three B’s: bones, brains, and balance. If you look at art, it shares some of the same qualities.”
- “One of the great responsibilities that I have is to manage my assets wisely so that they create value.”
- ”Control your expenses better than your competition. This is where you can always find a competitive advantage.”
- ”You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you’re too inefficient.”
- ”There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”
3. Mackenzie Scott
Mackenzie Scott is an American Novelist and Philanthropist. She’s also the ex-wife of Amazon’s founder Jeff Bezos.
Fun Fact: She was Amazon’s first Accountant and she helped come up with the name “Amazon”.
She is the 3rd richest woman alive with a net worth of 62.2 billion dollars. She owes this to the 4% stake she owns in Amazon.
Mackenzie was born on 7th April 1970 (Aries), she turns 52 years old in less than a month.
From her, we can learn that:
- Keep Your Strategy Simple: Strategy is a plan of action designed to help make decisions that are in alignment with what you want to accomplish! It’s a matter of deciding the type of philanthropist you want to be and the impact you want to make! Then you can look at exactly where you are now and determine the 2 to 3 critical success factors to get you to your desired destination. The next step is to act on them.
- Give to new causes. While it’s important to get in the habit of supporting our favorite charities, it is important to occasionally seek out new organizations doing amazing work. Remember that the causes you care about often intersect with disasters. Those who support children’s issues saw a need to support virtual learning and food security during the pandemic. A lot of people who typically fund the arts have supported musicians by funding virtual concerts or providing benefits to artists.
- Giving is compassionate: In Scott’s blog she alludes not exclusively to her awareness of others’ expectations to involve her overflow for good, yet in addition to her energy about the expansion of people moving forward and giving their very best for help in the pandemic and the expectation that motivates her. The energy and trust were the force to get her interaction moving and the information informed choices made it work.
“Because our research is data-driven and rigorous, our giving process can be human and soft,” Scott wrote.
4. Julia Koch
Julia Margaret Koch is an American socialite, billionaire, philanthropist, and one of the richest women in the world. She inherited her fortune from her husband, David Koch, who died in 2019.
David Hamilton Koch was an American businessman, political activist, philanthropist, and chemical engineer. In 1970, he joined the family business: Koch Industries, the largest privately held company in the United States.
Julia, according to Forbes, is worth $53 billion. She was born on 12th April 1962 and she’s 59 years old!
5. Jacqueline Mars
Jacqueline is an investor and an American heiress.
She is the granddaughter of Franklin Clarence Mars, who established Mars, Incorporated. Aside from the Mars bar, they have given us Milky Way, M&Ms, Snickers, and even Twix. Obviously, the organization is the world’s third-biggest confectioner, and today has wandered into new spaces like pet food and other food items.
Jacqueline Mars is the 4th richest woman in the world with an estimated net worth of 33.7billion US dollars.
She was born on 10th October 1939 (Libra), she is currently 82 years old.
Three-step success guide by Mars:
- Don’t surrender. Just because a thought didn’t work out the initial time, doesn’t mean it won’t work by any stretch of the imagination. Continue to chip away at it and learn from your mistakes.
- Give back, we say this continually, however offering back is extremely significant! The way that Mars rewards certain purposes near her heart, particularly in the equestrian world, is so endearing and can make you contemplate your own life.
- Dare to dream. Who would’ve realized that Mars could put resources into pet food and pet items? Which began as a sweets brand has now formed into a multi-million Dollar firm with such countless conceivable outcomes!
6. Gina Rinehart
Georgina “Gina” Rinehart was the only child of mining millionaire Lang Hancock.
She grew up in the family mining business as Daddy’s darling, still remembered by his colleagues as sitting in on his business meetings from the age of eight or nine. She’s still one of the few billionaires on the planet that has earned her billions through her own entrepreneurial and mining genius.
Gina was born on 9th February 1954 (Aquarius) and she is worth $31.3billion in 2022.
We can learn a few things from Gina:
- “Put in a bit more…”– Gina Rinehart
She once mentioned that women have to work 20 times harder to get ahead. Especially in male-dominated industries like hers. However, she has a different take on it.
Instead of settling for working “harder,” you also have to work longer. This workaholic billionaire advocates longer hours and fewer lunch breaks for making your career a success.
- Figure Out What Motivates You
What keeps you motivated to work hard? Perhaps you have bills to pay or a family to support.
For Gina Rinehart, her altruistic side takes center stage and helps drive her to work harder. She likes that she can contribute to her company, state, and nation.
7. Iris Fontbona
Iris Fontbona is a Chilean businesswoman who has a net worth of $24.4 billion. Iris Fontbona acquired that wealth by marrying Andronico Luksic, who built one of the biggest copper mining companies in the world, Antofagasta.
Fontbona rejoins the list of top 10 richest women in the world after her net worth fell in early 2020. She is the widow of Andrónico Luksic (died. 2005), who built a mining and beverages fortune. She and her children control Chilean mining company Antofagasta.
She was born in 1942 and she turns 80 years old this year. Her month of birth is yet to be disclosed.
In one of her interviews, she says”I think it’s important not to get carried away when you are successful and not to let yourself feel gloomy when times are bad.”
8. Sussane Klatten
Susanne Klatten is a German billionaire heiress.
Klatten is the daughter of Herbert and Johanna Quandt. Klatten is the richest woman in Germany and the 46th richest person in the world.
Susanne was born on 28th April 1962 (Taurus) and is currently 59 years old. She’s worth $24.4 billion in 2022.
Apart from serving the board of the automobile company as well as the pharmaceutical company, Klatten is also involved in a series of other business ventures.
We can learn from her to:
Put resources into Personal Growth: Look for self-improvement as an amazing chance to fix that which is messed up inside you. You don’t need to lose certainty to deal with regions in the day-to-day existence that keeps you down.
Be Responsible: How you make little, unimportant choices will affect each and every choice in your life. It’s a worthy set. To take accomplishment to a higher level, you should investigate your qualities and how you simply decide.
Have a mindset as A Leader, But Keep Learning: You are at last the manager of your life. However, continually behaving like the manager won’t get you far with individuals. Trying to gain from people around you implies behaving like an understudy.
9. Yang Huiyan
Yang Huiyan is the only one from Asia and the youngest billionaire to make it to this list. She owns about 58 percent of China-based real estate company Country Garden Holdings. Since 2007, her father and the company founder Yeung Kwok Keung, have been transferring her equity into the business which added much to her wealth.
She was born on 20th July 1981 (a Cancer) which makes her 40 years old. She is worth 21.8billion US dollars in 2022 according to Forbes!
The spirit and tenacity of Yang Huiyan can be an inspiration to us all, especially for women and young entrepreneurs. Getting the status of “the rich” at a young age did not make Huiyan lazy. She works even harder.
10. Abigail Johnson
Abigail Pierrepont Johnson is an American financial specialist. Johnson has been president and CEO of American venture company Fidelity Investments since 2014 and chairs the worldwide affiliated business Fidelity International which was established by her grandfather Edward C.
She was born on 19th December 1961 (Sagittarius) and her net worth as of 2022 is $21.7 billion.
Here’s what we can learn from her;
- You’re your best: Johnson has discovered that “heaps of individuals will offer you guidance… and relying on how well they know you, the counsel may be legitimate or not really substantial.” She’s discovered that only you know what will turn out best for you.”By the day’s end,” she says, “you know yourself best!
11. Laurene Powell Jobs
Laurene Powell Jobs is an American businesswoman, executive, and the founder of Emerson Collective, which advocates for policies concerning education and immigration reform, social justice, and environmental conservation.
She is mostly known as Steve Jobs’ Ex-Wife. As of 2022, she’s worth $17.1 billion.
Laurene was born on 6th November 1963 (Scorpio). She’s 58 years old currently.
Here are a few quotes from her:
“My relationship with money is that it’s a tool to be self-sufficient, but it’s not something that is a part of who I am.”
“To do what you wanna do, to leave a mark – in a way that you think is important and lasting – that’s a life well-lived.”
Here are 5 other business lessons from some of the world’s richest women.
- Time is our greatest asset, but it is what we choose to do with the time that we have available to us that will define who we are and what you achieve in life. Time is one of the few things in life that you cannot get back.
- To succeed in this world, you have to change all the time.” – Alice Walton
- “I think failure is nothing more than life’s way of nudging you that you are off course. My attitude to failure is not attached to the outcome, but in not trying. It is liberating. Most people attach failure to something not working out or how people perceive you. This way, it is about answering to yourself.-Oprah
- “Don’t be intimidated by what you don’t know. That can be your greatest strength and ensure that you do things differently from everyone else.” Sarah Blakely
- Separate your gig from your main hustle: “Every collaboration I did outside of music, I used Fenty so you didn’t have to hear the word “Rihanna” every time you saw something that I did,”- Rihanna.