Diane Marie Hendricks is an American billionaire, businesswoman, film producer and widow to the late businessman Ken Hendricks, born in 1947 in Wisconsin. Diane Hendricks, co-founder and chairperson of One Voice member ABC Supply Co. Inc., Beloit, Wis., has been ranked #1 on Forbes magazine’s list of America’s Richest Self-made Women for the sixth year running.
Diane’s Early Life
Diane Hendricks was born in Mondovi and grew up in Osseo, graduated from Osseo-Fairchild High School in 1965. Diane spent her childhood playing in a diary farm which helped her learn the basic ethics of business, ending up with her own business empire. She bore her first child when she was just 17 years old, and worked as a playboy bunny to bear her child’s expenses. She was divorced from her first husband when she met Ken Hendricks.
Meeting with Ken Hendricks and Founded ABC Supply Inc.
Diane has always been a passionate personality, she never wanted to be a farmer or marry any farmer, so she decided to breakthrough stereotypes and stepped into the world of business when she met Ken Hendricks. At the time Diane met Ken, he was a roofing contractor and she herself was doing a custom built home selling business, together they turned their relationship into a business partnership. They together founded ABC supply Inc, in 1982, which became the biggest wholesale distributor of window, roofing and gutters etc.
Initially Ken served as the chairman and CEO of their self established company, later on Diane was appointed as CEO and Chairman after her husband’s death. Diane never stopped in her life, despite of being a cancer survivor, Diane launched and successfully established her businesses in other various industries like real estate development, recycling, manufacturing, and wholesaling.
Under the leadership of Diane, ABC Supply has achieved unbelievable success in construction industry. Diane proved herself as one of the leading businesswomen influencing thousands of young ladies who have been working to become the beacon of success. Diane made ABC supply as one of the successful companies distributing highest quality of products, providing customer satisfaction and extremely competitive prices.
ABC Supply’s Success
Year | Number of Locations | Annual Revenue |
1990 | 50 | $100 million |
2000 | 200 | $1 billion |
2010 | 500 | $5 billion |
2021 | 840 | $10 billion |
With commitment to excellence and extraordinary services and products provided by ABC Supply not only achieved great success but also created several job opportunities.
Film Production
In addition to a successful business establishments, Diane also stepped into film production. She has produced various extraordinary movies displaying her passion for storytelling and creativity. Two of her most notable movies are “The Stoning of Soraya M.” and “An American Carol.”
Diane Hendricks participation in film industry allowed her to explore chronicle and bring undying stories up on the screen. Her interests are not just restricted to film industry they are also extended towards other different artistic endeavours.
Philanthropy
Diane is one of the most ambitious women in the world, her interests have never been only self centred, she is also known for her extremely philanthropic lifestyle. She herself started various charitable events, as she has always been a generous woman who has thought about the community as well. Diane donated $500,000 to Wisconsin Governor’s campaign in 2012 which made her his largest donor. In 2014, she donated $1 million to the (OAAA) Opportunity Accomplices Activity Asset, a Super PAC created by the Koch Brothers with the goal to support conservative causes. Again in 2015 and 2016 she donated further $2 million to Freedom Partners Action Fund.
In the 2016 she gave more than $5 million to the Change America Asset that was an official political decision, a super PAC which went against Popularity based Hillary Clinton and upheld Conservative U.S. Representative from Wisconsin Ron Johnson. Hendricks also filled in as a financial counsellor to Donald Trump’s official mission.
Political Involvements
Diane is also known for her involvements in political arena. She sponsored various different political campaigns of different political candidates such as former Wisconsin Governor and Scott Walker. Diane’s donations were never based on any personal benefits or rewards, she supported Wisconsin Governor Scott Walker’s campaign because she considered him as a great leader and visionary for the state. Her donations were not only limited to governor, but also other political personalities like Paul Ryan and Donald Trump. Not only Diane financially supported the political individuals but also donated millions of dollars for their welfare causes in various different programs. These contributions caused her to have significant effect on the political landscape advance reasoning aligned with her beliefs.
Diane Hendricks did not only worked as a financial supporter and sponsor but also served Donald Trump as his financial advisor in his presidential campaign. Her expertise and experience throughout her business life and matters allowed her to be a financial analyst and shaping policy discussions and the fulfilment of pro-business initiatives.
Throughout her political involvements, Diane aimed to promote policies and candidates that imply with her moral values and ethics. As stated before, she was never a self-centred personality she always step forward as a beacon of morality and humanity.
Hendricks’ Tax Controversies
We know that with success there always come crucial controversies. Diane being such a successful businesswoman has also faced various controversial scrutiny regarding her tax and income reports. These controversies did affect her tax filing reputation, leading to public criticism and debate.
One of the biggest controversies she has faced is not paying her income tax to the state from year 2010 to 2014. This raised concerns and discussions in the public regarding the dis honesty of privileged business persons who could exploit tax loopholes. Many people passed rash statements towards her business ethics and moral values.
In addition to all these tax filing controversies, there have been other controversies related to the assessment of Diane Hendricks’ properties value. Reports have shown that her properties are being undervalued due to lower property tax payments.
Furthermore there have been more allegations that Diane Hendricks has denied access to tax officers making it a little difficult to calculate the true value of her property assets.
All these tax controversies have ignited discussions about the income tax inequality, tax reform and the unfair tax policies. While some analysts argue that Diane has only used some tax policies loopholes that are available to all taxpayers.
However, it is important to note that Diane has not been found guilty of any illegal tax activity, and the controversies surrounding her income tax remain only the topics of public discourse and debates.
Work Ethic and Success Factors
Diane Hendricks’ incomprehensible success as a billionaire businesswoman can be linked to several key factors, including her strong work ethics, honesty, handwork and unwavering determination.
One of the most defining characteristics of Diane’s approach to business is her determination. She has faced uncountable hurdles throughout her business career but has never been disheartened. Instead, she has remained focused on her career goals and has consistently worked through a relentless road of success. This passion has allowed her to manage the complexities of her business world and emerge as a leading business woman in her industry.
Diane Hendricks’ ability to transform with the changing business circumstances has also played an important role in her career success. She has always shown a willingness to chase new opportunities and ideas to explore different business ventures. The flexibility in her behaviour towards business and work has allowed her to diversify her business interests and build herself as a all rounder entrepreneur. By holding these opportunities, she has been able to underwrite on her strengths and create a long lasting impact.
Diane Hendricks Net Worth
According to global business magazine Forbes, Diane has a recorded net worth of $15 billion, up from $12.2 billion in 2023, making her the richest self-made woman in the United States.
Recognition and Achievements
Diane Hendricks has received various honour awards for her remarkable procurements and contributions throughout her career. Despite all the controversies and challenges, her hard work, commitment, and great entrepreneurial spirit have earned her remembrance from various esteemed organizations and publications.
Diane has been listed the richest self-made business woman in Forbes’. She has also been awarded with titles such as “Businesswoman of the Year” by several different renowned publications. Diane’s untiring journey towards charity and community welfare has also given her numerous philanthropy Awards.
All these achievements represent Diane Hendricks’ significant impact and success across different fields of life. Her successful entrepreneurial ventures, undying commitment to philanthropy, and pro-acive involvements in various fields have strengthened her position as a prominent public figure in business and beyond.
Conclusion
In conclusion, Diane Hendricks’ exceptional journey from a town farm girl to a successful billionaire businesswoman is a clear justification to her hard work, motivation, and entrepreneurial spirit. With her co-founding and leadership of ABC Supply, she has built a business empire that has become one of the largest wholesale distributors in the nation. Her success in the business world has claimed her status as one of the richest self-made women of America.
In addition, Diane Hendricks’ influence extends beyond her business ventures. She has also made remarkable contributions to the film industry as a producer, bringing important matters to the screen. Her exceptional philanthropic involvements, specially in her local community of Beloit, Wisconsin, have boosted abandoned properties and provided great opportunities for young people.
As a political sponsor, Diane has shown her support for Pulic politicians and has been actively involved in donations and serving as an financial advisor. Even though her tax controversies have raised questions about her business ethics, her overall dedication to her philanthropy is undeniable. Diane Hendricks stands as an inspiration to growing entrepreneurs and a pioneer for women in business. Her legacy is defined by her lasting impact on various business industries and her commitment to excellence in a positive business growth.
Overview of Diane Hendricks
Full Name | Diane Marie Hendricks |
Father’s Name | Not Mention |
Mother’s Name | Not Mention |
Siblings | Not Mention |
Date Of Birth | In 1947 |
Birth Place | Wisconsin, United State |
Age | 76 Years |
Height | Not Mention |
Education | Graduate |
Net Worth | $19.3 Billion |
Profession | Businesswoman, Film Producer |
Relationship Status | Married |
FAQS
Diane Hendricks is an American businesswoman who co-founded ABC Supply, one of the largest wholesale distributors of roofing, siding, and windows in the United States.
Diane Hendricks became the richest self-made woman in America through her hard work and success in building ABC Supply with her late husband, Kenneth Hendricks. Together, they grew the company from a small startup into a multi-billion-dollar enterprise.
ABC Supply is a company that specializes in distributing roofing, siding, windows, and other exterior building products to contractors. It serves both residential and commercial customers across the United States.
Diane Hendricks is known for her philanthropic activities, which include supporting educational initiatives, healthcare organizations, and community development projects. She has donated to various causes aimed at improving the lives of people in her community and beyond.
As of the latest available information, Diane Hendricks’ net worth is estimated to be in the billions of dollars, making her one of the wealthiest individuals in the United States and the richest self-made woman in the country.