Money, Money Money, It's a Rich Woman's World; for First Time, More Young Millionaires Are Female
Byline: ALEXA BARACAIA
YOUNG women are outstripping men in the race to become millionaires.
For the first time there are more 16- to 44-year-old women than men worth a seven-figure sum.
The Inland Revenue statistics are reported in a BBC documentary next week.
The Money Programme: Filthy Rich And Female claims the number is set to rise and that 60 per cent of the world's wealth will be controlled by women within 20 years.
Among the British success stories are six women who, combined, are worth more than [pounds sterling]140million. The most famous is City "superwoman" Nicola Horlick, with [pounds sterling]20 million.
But while Chrissie Rucker, Dawn Gibbons, Judy Naake, Judith Wilson and Laura Tenison may not be household names, many of their products are.
Mail order entrepreneur Rucker, 37, set up The White Company after noticing how hard it was to find good quality bedlinen and towels.
The company is now worth [pounds sterling]15million but she says: "I didn't think, in my wildest dreams, it would grow into what it has become today."
Naake, in her fifties, built up a [pounds sterling]30million fortune with her St Tropez self-tanning line.
She said: "I had my first consignment of St Tropez and the delivery man …
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Publication information: Article title: Money, Money Money, It's a Rich Woman's World; for First Time, More Young Millionaires Are Female. Contributors: Not available. Newspaper title: The Evening Standard (London, England). Publication date: January 20, 2006. Page number: 9. © Not available. COPYRIGHT 2006 Gale Group.
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