America’s richest woman is a former teenage farm mom

Diane Hendricks has a net worth of $11.6 billion. She is in the first position in the ranking of American women – selfmade women.

Diane Hendricks was not, as they say, born with a silver spoon in her mouth. According to CNBC, she had a busy childhood on a dairy farm in Wisconsin. It was hard work that helped her succeed even in the world of big money.

Hendricks is the founder and CEO firmy ABC Supply, which is the largest supplier of materials and services to construction companies in the USA. The road to success was not easy, the entrepreneur got pregnant with her high school partner when she was seventeen, and after a few years the relationship broke up. She started working at various office locations and also got her license as a real estate agent. “Motherhood came early and forced me to grow up quickly. But it didn’t deter me from trying to achieve my dreams. On the contrary, I started to focus more on what I want to achieve,” Hendricksová told CNBC.

A costume and into town

And dreams were quite simple back then. She wanted a job where she would wear a costume every day and move to the city. So the exact opposite of working overalls and the farm. In the city, she met her husband, originally a roofer, Ken Hendricks. The ambitious duo founded ABC Supply in Beloit in 1982. Twelve years later, their construction company had one hundred branches and four years later they had a turnover of one billion dollars. In 2007, Hendricks passed away, and since then Diane has run the entire company alone.

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ABC Supply has taken over 18 competing companies in the last five years, so it increasingly dominates the market. According to Forbes, it is the 23rd largest American private company (that is, not traded on the stock exchange). Hendricks is still managing the company from Beloit, Wisconsin, which is a small American town with 37,000 inhabitants.

In addition to her business, Diane enjoys buying old houses and converting them into new ones. She also opened a retraining and career center for young people, where she teaches them technical skills and, as she says, the value of work. However, her career was not without controversy either – she was criticized several times for paying almost nothing in taxes.

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