“Fearless” singer Taylor Swift joins billionaires’ club on prestigious women’s rich list

investmentnews.com:

Taylor Swift, the pop icon whose wildly successful Eras concert tour catapulted her net worth to stratospheric heights last year, isn’t the only new billionaire to take a spot among the wealthiest women in the US.

Forbes has released its 10th Annual List of America’s Richest Self-Made Women, highlighting the top 100 women leaders who made their own fortunes.

The 2024 list saw an increase in billionaires with 31 making the ranking this year, up from 24 last year. Notable names include Taylor Swift, Rihanna, Kim Kardashian, Oprah Winfrey, and former PepsiCo CEO Indra Nooyi.

Leading the pack is Diane Hendricks, chairman of building materials firm ABC Supply, who secured the number one overall position for the seventh consecutive year with a net worth of $20.9 billion, up from $15 billion last year.

Falling just short of entering the billionaires’ circle, Anne Dinning has a net worth of $940 million and helps lead quantitative hedge fund firm D.E. Shaw. Nancy Zimmerman, another leader in the hedge fund space, has a net worth of $780 million and is a cofounder and managing partner at Bracebridge Capital.

The top 100 list also saw 11 new members in 2024, including Fawn Weaver, founder of Uncle Nearest whiskey; Merrilee Kick, founder of BuzzBallz cocktails; singer Katy Perry; and Mary Callahan Erdoes, CEO of JPMorgan Chase’s asset and wealth management division.

A seasoned veteran of the financial industry, Erdoes has been with JPMorgan Chase for over 25 years. She ascended the ranks at the banking giant’s asset and wealth arm to ultimately become its chief executive in 2009.

Collectively, the 100 women on the list have a net worth of $154 billion, reflecting a nearly 25 percent increase from last year. Competition to get into