Here's how long it will take the world's richest women to earn your salary | Fin24
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Here's how long it will take the world's richest women to earn your salary

Sep 21 2019 07:00
Marelise van der Merwe

If you are earning SA's average take-home pay in 2019 – that is, R14 177 per month – it will take the world's richest self-made woman just seven minutes to earn what you get in a year.

Diane Hendricks, who co-founded 700-store roofing company ABC Supply with her late husband Ken Hendricks, is a businesswoman, occasional film producer, and has a net worth of $6.3bn. And it takes her just one minute to earn what a minimum wage earner in South Africa earns in a year (R42 000).

It will take reality star-turned-entrepreneur Kylie Jenner, meanwhile, just four minutes to earn what the average South African takes home in a month.

This is according to a new wage analysis tool developed by RS Components.

Using data from the Forbes’ richest self-made women list, RS Components designed a tool that allows users to calculate how long it would take the women on the list to earn their salary.

The tool operates in US dollars and pounds sterling.

Wealth analysis is not RS Components' core function. The global components and tools supplier publishes a wide-ranging selection of topics under the banner "Did you know?", Fin24 previously reported.

Ranked below Hendricks on the list of big earners are IT mogul Thai Lee; billionaire co-owner of food and drinks giant, The Wonderful Company, Lynda Resnick; fast food chain CEO Peggy Cherng; 23andMe co-founder Anne Wojcicki; former eBay chief Meg Whitman; and Jenner.

Bio-Rad Laboratories founder Alice Schwartz – aged 92 – and health software billionaire Judy Faulkner are also listed.   



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