The World Has 124 Self-Made Female Billionaires
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The World Has 124 Self-Made Female Billionaires

Approximately two-thirds are from China, according to a report.

By Fang Block
Thu, Apr 7, 2022 11:12amGrey Clock 2 min

The world has 124 self-made female billionaires, approximately two-thirds from China, according to a report released last Tuesday.

The total number of self-made female billionaires was down from 130 recorded a year ago, and their combined wealth decreased 23% year over year to US$370 billion, according to the report.

China has the largest share of self-made female billionaires, accounting for two thirds of the total, with 78. The U.S. and U.K. came second and third, with 25 and 5, respectively.

“Japan, Germany, France, Canada, and S. Korea are the world’s largest economies without a single self-made woman billionaire,” Rupert Hoogewerf, Hurun’s chairman and chief researcher, said in the report. “The 124 known self-made women billionaires come from just 16 countries, meaning that 180-plus countries still do not have a single one.”

The top three self-made female billionaires are all Chinese, including property developer Wu Yajun, with US$17 billion; apparel fibre producer Fan Hongwei, with US$13 billion; and phone accessory assembler Wang Lichun, with US$11 billion.

Hurun’s rankings are based on market data as of Jan. 14.

Only one out of six of the world’s 556 female billionaires made their fortunes on their own and not through inheritance; 80% of self-made women billionaires made their money from listed companies, according to the report.

Healthcare and software services, with 13 each, were the primary industries of the female billionaires. Consumer goods, retail, and energy were the other top sources of their wealth, according to the report.

The youngest self-made female billionaire was Whitney Wolfe Herd, 32. The founder of the dating app Bumble made the list with an estimated net worth of US$1 billion.

Reality TV personality KimKardashian, 41, was estimated to be worth US$2 billion on the back of her beauty brand KKW Beauty. Barbadian singer Rihanna, 34, of Fenty Beauty, joined the list for the first time with US$1 billion.

Reprinted by permission of Penta. Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: March 30, 2022

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The 390-acre property has 2 miles of frontage on the Rogue River

By LIBERTINA BRANDT
Tue, Sep 27, 2022 8:47am 2 min

Former “Dallas” star Patrick Duffy is putting his roughly 390-acre Oregon ranch on the market for $14 million.

The property sits along the Rogue River outside the city of Medford in southern Oregon, according to Alan DeVries of Sotheby’s International Realty, who has the listing with colleague Matt Cook.

Mr. Duffy said he bought the first roughly 130 acres of the property in 1990 for roughly $1.5 million with his late wife, Carlyn Rosser. The couple spent roughly two decades and about $3 million buying surrounding properties when they went up for sale, said the actor, who has made the ranch his primary home since the early 2000s.

“My family always felt like we were stewards as opposed to owners,” said Mr. Duffy, 73. “We kept the boundaries sacred.”

Mr. Duffy said he first saw the property while fishing with a friend. The property contained a few structures, including what is now the main house, but was mostly wilderness, he said.

“It was pristine,” he said. “There was no paved road. There were some trails through the woods and about a mile—a little less than a mile—of river frontage.”

Mr. Duffy said he flew Ms. Rosser out to see the ranch, and they bought it. The main house has four bedrooms, and connects to a gallery where the couple displayed their art collection. They converted a caretaker’s cottage into a one-bedroom guesthouse with a loft. They also added a building that contains a hot tub overlooking the river, a structure for an indoor lap pool, and a wine cellar built into the side of a mountain, all within walking distance of each other.

As they purchased adjacent properties over the years, they acquired eight more houses and several pastures that are rented out to local ranchers. One of the homes was demolished, six are rented to tenants, and one is used as the ranch manager’s house, according to Mr. Duffy.

“We became a working ranch but not with our own animals,” he said. “It added the most beautiful, bucolic sense of the place.”

A homestead that dates back over 100 years still sits at the entrance to the property, he said. In it he found an old stove, which he restored and put in the main house. But the majority of the roughly 390 acres remains wilderness. The property now has approximately 2 miles of river frontage, according to Mr. DeVries.

For roughly a decade, Mr. Duffy and Ms. Rosser used the ranch as a family getaway from their primary home in Los Angeles. Then in the early 2000s, when their children went off to college, they decided to move there full time.

Ms. Rosser died in 2017, and Mr. Duffy said he plans to move full-time to either California or Colorado. He will keep a few parcels of land that aren’t attached to the main ranch, according to Mr. DeVries.

Mr. Duffy is well-known for his role as Bobby Ewing in the TV drama “Dallas,” which ran from 1978 to 1991. He also played Frank Lambert on the 1990s sitcom “Step By Step.” Today he runs an online sourdough business, called Duffy’s Dough, with his partner, Linda Purl.

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