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Diane Hendricks, hailing from Osseo, Wisconsin, envisioned a future far from the dairy farm she grew up on. Today, at 77, she stands atop the list of America’s Richest Self-Made Women for the seventh consecutive year, with an estimated net worth of $20.9 billion, largely attributed to her roofing supplies empire, ABC Supply.
Founding ABC Supply alongside her late husband in 1982, Hendricks, now the company’s chairwoman, has steered it to remarkable heights. With revenue soaring to $20.4 billion last year and boasting over 900 branch locations, ABC Supply stands as a testament to Hendricks’ entrepreneurial acumen and steadfast determination.
Hendricks’ journey from the dairy farm to the pinnacle of business success was marked by grit and resilience. Despite early setbacks, including teenage motherhood and a divorce, she persevered through odd jobs, even serving as a Playboy Bunny waitress, all while nurturing her aspirations for a thriving business career.
Her marriage to roofing contractor Ken Hendricks in the 1970s proved pivotal, culminating in the birth of ABC Supply. Witnessing the company’s ascent to $1 billion in annual sales in 1998 underscored Hendricks’ unwavering dedication and vision.
However, Hendricks’ success has not been devoid of controversy. Reports of her allegedly not paying state income tax from 2012 to 2014 stirred public debate, though ABC Supply’s tax director clarified the company’s tax restructuring during those years.
Beyond business, Hendricks remains deeply committed to her community. Investing millions in revitalizing Beloit’s historic buildings and businesses, she has spearheaded local projects aimed at fostering economic growth and providing educational opportunities for youth.
Her initiatives, including a career center offering skill workshops for middle and high school students, reflect her passion for empowering the next generation and nurturing local talent.
Diane Hendricks’ remarkable journey from farm to fortune serves as an inspiration, epitomizing the transformative power of resilience, hard work, and unwavering determination in the pursuit of success.
Have you read?
Best CEOs.
Best Companies.
Richest People (Billionaire).
Richest Women (Billionaire).
Richest in Each Country (Billionaire).
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