Money, Money, Money - It's a Rich Girl's World; for the First Time Young Women Millionaires Outnumber Men

The Evening Standard (London, England), January 20, 2006 | Go to article overview

Money, Money, Money - It's a Rich Girl's World; for the First Time Young Women Millionaires Outnumber Men


Byline: ALEXA BARACAIA

YOUNG women are outstripping men in the race to become millionaires.

For the first time in Britain there are more women than men worth a seven-figure sum between the ages of 16 and 44.

The Inland Revenue statistics are reported in a BBC documentary next week.

The Money Programme: Filthy Rich And Female also 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 success stories are six women who, combined, are worth [pounds sterling]140 million. The best known is "superwoman" Nicola Horlick, with [pounds sterling]20 million. But while Chrissie Rucker, Dawn Gibbons, Judy Naake, Judith Wilson and Laura Tenison are not household names, many of their products are.

Mail-order entrepreneur Chrissie Rucker, 37, set up The White Company after noticing how hard it was to find good bed linen and towels. Now worth [pounds sterling]15million, she said: "I didn't think, in my wildest dreams, it would grow into what it has become today."

Naake, in her fifties, has built up a [pounds sterling]30 million fortune with her St Tropez self-tanning line but faced sexism in the early years.

"I had my first consignment of St Tropez and the delivery man met Norman, my partner, and said: 'Is this a job for the little woman? Does it keep her out of mischief ?'" she said. "He survived - but only just."

Judith Wilson is an unlikely millionaire.

In her late fifties, she is a former maths teacher who caught the property bug in the Nineties and built up a portfolio of nearly 700 homes and a [pounds sterling]75 million-plus fortune. …

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