Fidelity Investments CEO Abigail Johnson arrives at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10, 2018.
© 2018 Bloomberg Finance LPThere are 12 billionaires on this year’s lis of World’s 100 Most Powerful Women worth a collective $150.4 billion. Money doesn’t always directly equate to power; otherwise, there would be far more billionaires on the list.
The twelve women span industries and net worths, from $59.7 billion to $1.2 billion. There are executives who ascended to the c-suite, including Facebook COO Sheryl Sandberg and Hotel Shilla CEO and president Lee Boo-jin, and founders like Zhou Qunfei and Kiran Mazumdar-Shaw. Qunfei started the lens manufacturer Lens Technology and Mazumdar-Shaw started the global biopharmaceutical company Biocon, which is helping to respond to the coronavirus pandemic. Some, like media mogul Oprah Winfrey, Oracle CEO Safra Katz and Epic Systems CEO and founder Judith Faulkner are self-made, meaning they built their fortunes on their own or with their spouse. Others, like Fidelity Investments CEO Abigail Johnson, Emerson Collective founder and president Laurene Powell Jobs and philanthropist and author MacKenzie Scott inherited their wealth from their families, late spouses or through a divorce. Regardless of how these women amassed their wealth, they are all actively using the power it provides to create change through their businesses, nonprofits and philanthropic work.
The wealthiest woman on this year’s list, Scott, is a prime example. She committed to donating more than half her net worth to charity when she signed the Giving Pledge in May 2019 shortly after she and Amazon founder Jeff Bezos, the wealthiest person in the world, announced their divorce. By the following July, she said she had given nearly $1.7 billion to 116 organizations focused on racial, LGBTQ and gender equity, economic mobility, empathy, functional democracy, public health, global development and climate change. She teamed up with Melinda Gates, who is fifth on this year’s Power Women list, in June to launch the Equality Can’t Wait Challenge to award $40 million to nonprofits with the strongest initiatives for promoting gender equality in the United States by 2030.
The highest-ranking woman on this year’s list is Johnson. She is the chairman and CEO of Fidelity Investments, the mutual fund giant founded by her grandfather in 1946. She owns nearly a quarter of the company which reported $8.7 trillion in assets under administration as of this October, including discretionary assets of $3.4 trillion. In June, Johnson spoke up about the recent Black Lives Matter movement and shared ways Fidelity is committed to making progress, including investing in nonprofits focused on racial equality, increasing hiring diversity and buying goods and services from diverse business-owners.
These are the billionaires on this year’s The World’s 100 Most Powerful Women list, along with their respective net worths:
No. 9: Abigail Johnson, $15 Billion, CEO of Fidelity Investments
No. 15: Safra Catz, $1.2 Billion, CEO of Oracle
No. 20: Oprah Winfrey, $2.6 Billion, Media Mogul
No. 22: Sheryl Sandberg, $1.8 Billion, COO of Facebook
No. 42: Laurene Powell Jobs, $21.1 Billion, Founder and President of the Emerson Collective
No. 45: Gina Rinehart, $16.7 Billion, Executive Chairwoman of Hancock Prospecting
No. 67: MacKenzie Scott, $59.7 Billion, Philanthropist
No. 68: Kiran Mazumdar-Shaw, $4.6 Billion, Founder, Chair and Managing Director of Biocon
No. 70: Zhou Qunfei, $16.4 Billion, Founder and CEO of Lens Technology
No. 74: Judith Faulkner, $5.5 Billion, Founder and CEO of Epic Systems
No. 81: Lam Wai Ying, $3.9 Billion, Chairwoman of Biel Crystal
No. 90: Lee Boo-jin, $1.9 Billion, President and CEO of Hotel Shilla
Note: All net worths are as of December 7. While Melinda Gates (No. 5) is on the list for her work with the Bill & Melinda Gates Foundation and Pivotal Ventures, she is not designated as a billionaire by Forbes because she is not the founder of Microsoft.
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December 08, 2020 at 06:00PM
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The Billionaires On The World’s 100 Most Powerful Women List 2020 - Forbes
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