Forbes has released its annual ranking of America’s richest self-made women, and there are seven newcomers to the list, four of whom have built all or part of their fortunes in the beauty business.
Forbes says these “Instagram-savvy makeup moguls,” and specifically almost-billionaire Kylie Jenner, have ushered in a “new model of extreme fame leverage” that is “radically reshaping business, culture, and politics.”
The list measures the wealth of the top 60 richest women in the United States who built their fortunes without the help of an inheritance. Together they’re worth $71 billion — $9.5 billion more than the combined wealth of the 2017 list. A record 24 women are billionaires on this year’s list.
To determine the ranking, Forbes took into account stakes in public and private companies, real estate holdings, and other assets including art, jewelry, cars, and planes. All net worth estimates are current as of June 22, 2018.
Taylor Swift rounds out the list this year at No. 60, with an estimated net worth of $320 million. That’s $60 million more than the minimum net worth required to make the list in 2017.
See the table below: