Diane Hendricks Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $12 billion | N/A | 1947 | Wisconsin | Female | N/A | Businesswoman | American |
Table of Contents
- What is Diane Hendricks’ Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
What is Diane Hendricks’ Net Worth?
Diane Hendricks, an American businesswoman, has a net worth of $12 billion. She is the co-founder of Hendricks Holding and ABC Supply, two Beloit, Wisconsin-based companies. ABC Supply is recognized as the largest distributor of roofing, siding, and windows in the United States. Hendricks is also actively involved in the economic development initiative Rock County 5.0 and serves as its co-chair. Additionally, she has served on the boards of various philanthropic organizations and is known for her contributions to Republican politicians.
Highlights
– Diane Hendricks has a net worth of $12 billion.
– She is the co-founder of Hendricks Holding and ABC Supply.
– ABC Supply is the largest distributor of roofing, siding, and windows in the United States.
– Hendricks is the richest woman in Wisconsin and the second richest person overall in the state.
– She is also recognized as the richest self-made woman in America.
Early Life
Diane Hendricks, born as Diane Smith in 1947, grew up on a dairy farm in Wisconsin. She attended Osseo-Fairchild High School and graduated in 1965.
Career
In 1982, Diane Hendricks and her late husband Ken co-founded ABC Supply, a roofing supply company based in Beloit, Wisconsin. The company started with a single store and expanded to over 700 branches across the United States. With sales exceeding $11 billion, ABC Supply offers a wide range of roofing materials, windows, gutters, and siding for both commercial and residential buildings. In 2010, the company made a significant acquisition by purchasing Bradco Supply.
In the same year they co-founded ABC Supply, Diane and Ken Hendricks established Hendricks Holding. The conglomerate’s diverse portfolio includes enterprises in transportation, insurance, real estate, dining, and logistics. Some of their notable holdings are American Aluminum Extrusion Company, American Westbrook Insurance Services, Federal Heath Sign Company, GEM Pharmaceuticals, Humane Manufacturing, Rivers Edge Foundry, and Universal Recycling Technologies.
Personal Life
Diane Hendricks has seven children with her second husband, Ken, namely Kendra, Kathy, Kim, Kevin, Kara, Konya, and Brent. Tragically, Ken passed away in 2007 when he fell through a subfloor in their home which was under construction. Currently, Diane resides in Afton, Wisconsin.
However, it’s worth noting that Diane Hendricks has faced controversy regarding her tax avoidance. In several years between 2010 and 2014, she paid zero state income tax. Additionally, there were concerns about the fraudulent assessment of her 8,500-square-foot home, which was initially valued as a much smaller 1,663-square-foot ranch. Hendricks eventually allowed a tax assessor access to her property, resulting in an adjustment of its value from under $500,000 to over $1 million.
Net Worth Over Time
Diane Hendricks’ net worth has consistently remained at an impressive $12 billion.
Components of Net Worth
Diane Hendricks’ net worth of $12 billion primarily stems from her ownership of Hendricks Holding and ABC Supply. These companies have achieved remarkable success in the roofing, siding, and window distribution industry. Furthermore, Hendricks’ involvement in various philanthropic organizations and her contributions to Republican politicians showcase her commitment to both community welfare and political causes.
In conclusion, Diane Hendricks is a highly accomplished businesswoman with a net worth of $12 billion. Her co-founding of Hendricks Holding and ABC Supply has positioned her as a key figure in the roofing supply industry. Moreover, her philanthropic endeavors and contributions to Republican politicians demonstrate her dedication to both social causes and political ideologies. Through her success and achievements, Diane Hendricks has become an influential figure in business and politics.
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