America's richest self-made woman went from $900,000 in debt to billionaire—without a college degree

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Diane Hendricks and her husband reportedly took out a $900,000 loan to start their roofing supply company in 1982. Now, she’s America’s richest…

decided she wanted to work in the business world. It took years to achieve that goal, and decades for her career to build a fortune.list for the seventh consecutive year. Her estimated $20.9 billion net worth comes largely from her roofing materials company ABC Supply, which she co-founded with her late husband Ken Hendricks in 1982.Hendricks, now 77, and Ken started the company after realizing there were precious few one-stop shops for roofing materials made by different manufacturers,in 2022.

The secret to their success, Hendricks said, was filling a gap in the market — and raising the standard of respect and professionalism in contracting. Growing up on a farm in Osseo, Wisconsin, Hendricks dreamed of moving to a big city — Minneapolis, specifically — where she could wear blue suits and drive fancy cars, she said.

"That's when I really started to look at a career, a career I'd always dreamt of having, which was being in business," said Hendricks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in LOANS

Loans Loans Latest News, Loans Loans Headlines