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Grizzly Bulls’ Billionaires Index

⬅ # 88 Kumar Birla|# 90 Cyrus Poonawalla ➡

# 89 Diane Hendricks 

$21.8B

Real Time Net Worth
as of 11/21/2024

# 89 Diane Hendricks 

$21.8B

Real Time Net Worth
as of 11/21/2024
OccupationCofounder, ABC Supply
Source of WealthBuilding Supplies
Age77
ResidenceAfton, Wisconsin
Marital StatusWidowed
Children7
EducationDiploma, High School
Age-Adjusted Net Worth$6.89B
Diane Hendricks
Diane Hendricks
United States
Net worth: $21.8B

Self-Made Score 

Mens Breitling Superocean 44mm Watch 1000 Meter Waterproof

Wealth History

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Biography

Personal Info

Diane Marie Hendricks (née Smith) was born on March 2, 1947, in Mondovi, Wisconsin, and was raised in Osseo as the daughter of dairy farmers.
She graduated from Osseo-Fairchild High School in 1965, having had her first child at the age of seventeen.
Diane worked as a Playboy Bunny to support herself before meeting her future husband, Ken Hendricks.

Career

In 1975, Diane, who had been selling custom-built homes, married Ken, a roofer's son and high school dropout. They became business partners.
In 1982, using their lines of credit, they established ABC Supply, the nation's largest wholesale distributor of roofing, windows, gutters, and siding for residential and commercial buildings.
Diane Hendricks chairs ABC Supply and has led the company through major acquisitions, including the purchase of Bradco in 2010 and L&W Supply in 2016.
As of 2022, ABC Supply has over 900 branch locations and reported $18.5 billion in revenues.

Hollywood Producer

Diane Hendricks is a Hollywood producer, involved in the production of movies like The Stoning of Soraya M. (2008), An American Carol (2008), and Snowmen (2010).

Political Activities

Diane Hendricks has been actively involved in politics, contributing substantial amounts to various campaigns and causes.
She donated $500,000 to Wisconsin Governor Scott Walker's 2012 campaign and was his largest donor that year.
In 2016, she contributed over $5 million to the Reform America Fund, a super PAC opposing Hillary Clinton and supporting Republican U.S. Senator Ron Johnson.
Hendricks served as an economic advisor to Donald Trump's presidential campaign and contributed $1.1 million to his 2020 presidential campaign.
She also supported Paul Ryan and donated to the Freedom Partners Action Fund, a pro-Republican Super PAC created by the Koch Brothers.

Tax Controversies

Hendricks faced tax controversies, paying no state income tax in four out of five years from 2010 to 2014.
An investigation revealed discrepancies in the assessment of her 8,500-square-foot home in Rock County, Wisconsin, leading to changes in the property's assessment from $445,700 to $1,205,500.

Personal Life

Diane Hendricks has seven children and resides in Afton, Wisconsin.

Diane Hendricks's Wealth is Equivalent to:

16,766,744 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

4,121,097 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

222,597 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Diane Hendricks?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Diane Hendricks's net worth of $21.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Diane Hendricks is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Diane Hendricks, Building Supplies is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey