3 Dallas-Fort Worth entrepreneurs rank among Forbes' richest self-made women for 2023

Elite entrepreneurs

Photo by Kelly Alexander

Twelve of the country's 100 most successful female entrepreneurs live in Texas this year, and three of them call Dallas-Fort Worth home. So says Forbes in its 2023 list of America's Richest Self-Made Women, released June 1.

"Bolstered in part by a rebound in the stock market, [the richest 100 female entrepreneurs] are cumulatively worth a record $124 billion, up nearly 12% from a year ago," says Forbes.

To make the Forbes list, women had to garner wealth on their own, rather than by inheriting or winning it.

Texas' wealthiest women have made their fortunes in fields ranging from home health care, insurance, and aviation logistics to jewelry design, dating apps, and running the show at SpaceX.

The three female entrepreneurs from North Texas who appear in the elite club of America’s richest self-made women (and their national rankings) are:

Robyn Jones, No. 29, of Fort Worth. Her net worth is estimated at $830 million. Jones is founder of Westlake-based Goosehead Insurance Agency LLC. She started the property and casualty insurance agency in 2003 after being frustrated with her truck-driver husband's "road warrior lifestyle," Forbes says. He joined her in 2004 and they took the company public in 2018. It has nearly 1,000 franchised offices.
April Anthony, No. 34, of Dallas. Forbes puts her net worth at $740 million. She founded the Dallas-based home health and hospice division of Encompass Health Corp and sold it for $750 million to HealthSouth. In 2022, she was named CEO of VitalCaring, a home health and hospice care firm.
Kathleen Hildreth, No. 44, of Aubrey. Her net worth is estimated at $590 million. Hildreth is co-founder of M1 Support Services LP, an aviation logistics company based in Denton. A service-disabled Army veteran, she graduated from West Point in 1983 and was deployed all around the world as a helicopter pilot.

The nine other Texans who appear on the list are from Austin and Central Texas.

With an estimated net worth at $4.8 billion, Thai Lee, of Austin, remains at the top of the list in Texas, and ranks No. 5 nationally.

She falls behind only No. 1 Diane Hendricks of Wisconsin (co-founder of ABC Supply, $15 billion net worth); No. 2 Judy Loveof Oklahoma (chairman and CEO, Love's Travel Stops And Country Stores, $10.2 billion); No. 3 Judy Faulkner of Wisconsin (founder and CEO, Epic Systems, $7.4 billion); and No. 4 Lynda Resnick of California (co-founder and co-owner of Wonderful Company, $5.3 billion) among America's richest self-made women.

For some additional perspective, Oprah Winfrey lands at No. 13 on the list for 2023. The TV titan (and most famous woman on the planet) has an estimated net worth of $2.5 billion, Forbes says.

Austin's Lee, a native of Bangkok who holds an MBA from Harvard University, is founder, president, and CEO of SHI International Corp., a provider of IT products and services with a projected revenue of $14 billion in 2023. Fun fact: "Lee majored in both biology and economics," Forbes says, "in part because her English was less than perfect and she wanted to avoid writing and speaking in class."

The remaining eight Texas women on the list are:

Gwynne Shotwell, No. 27, of Jonesboro (Coryell-Hamilton counties). Her net worth is estimated at $860 million. Shotwell is president and COO of Elon Musk's SpaceX. She manages the operations of the commercial space exploration company and owns an estimated stake of 1 percent, Forbes says.
Lisa Su, No. 34, Austin. Forbes pegs Su’s net worth at $740 million, tying her with April Anthony of Dallas. The native of Taiwan is president and CEO of Santa Clara, California-based semiconductor company Advanced Micro Devices.
Kendra Scott, No. 47, of Austin.Forbes says she has amassed a net worth of $550 million as founder of Kendra Scott LLC, which designs and sells jewelry in more than 100 stores (and is worth $360 million). The celebrity entrepreneur is also a judge on TV's Shark Tank.
Whitney Wolfe Herd, No. 52, of Austin. She is worth an estimated $510 million. Herd is co-founder and CEO of Bumble Inc., which operates two online dating apps: Bumble and Badoo. She owns a 17% stake in Bumble and became the youngest self-made woman billionaire after it went public in February 2021.
Paige Mycoskie, No. 73, of Austin. She is worth an estimated $380 million. Mycoskie created founded her 1970s-inspired California lifestyle brand, Aviator Nation, which took off during the pandemic and now has 16 retail locations across the U.S. If the name sounds familiar, that's because she's the sister of TOMS founder Blake Mycoskie, with whom she competed on TV's The Amazing Race.
Imam Abuzeid, No. 77, of Austin. Her net worth is estimated at $350 million. Abuzeid is the co-founder and CEO of Incredible Health, which she started in 2017 to help alleviate America's nursing shortage. Forbes describes it as "a souped-up version of LinkedIn for nurses." Abuzeid is one of only a handful of Black female founders to run a company valued at more than $1 billion, Forbes notes.
Julia Cheek, No. 92, of Austin. Her net worth is estimated at $260 million. Cheek founded at-home testing company Everly Health in 2015 "out of frustration at having to pay thousands for lab testing to diagnose issues related to vitamin imbalance," Forbes says. It got a Shark Tank deal with Lori Greiner and is now worth roughly $1.8 billion.
Belinda Johnson, No. 96, of Austin. She is worth an estimated $250 million. Johnson was Airbnb's first chief operating officer and led many of its legal disputes. She stepped down from that role in March 2020, Forbes says, and left the company's board in June 2023.

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'Yellowstone' stars to greet fans at Fort Worth Stock Show & Rodeo

Yellowstone news

Yellowstone fans, get your comfy shoes ready - there'll be a long line for this one. Cole Hauser a.k.a. "Rip Wheeler" on Yellowstone, and Taylor Sheridan, the show's co-creator, executive producer, and director of the series, will meet fans and sign autographs at the Fort Worth Stock Show & Rodeo.

The event will take place from 4:30-6:30 pm only on Friday, February 3. Location is the 6666 Ranch booth near the south end of Aisle 700 in the Amon G. Carter, Jr. Exhibits Hall.

According to a February 2 announcement from FWSSR, "fans will have the opportunity to snag an autograph as well as purchase some distinctive Yellowstone and 6666 Ranch merchandise while also enjoying all the features the Stock Show offers."

The event is free to attend (with paid Stock Show admission) and open to the public.

It's the second year in a row for Hauser to appear at FWSSR; in 2022, he and fellow cast mates drew huge crowds.

Sheridan, a Paschal High School graduate, is no stranger to Fort Worth; he lives in a ranch near Weatherford and filmed 1883, the prequel to Yellowstone, in and around Fort Worth. Currently, another spinoff, 1883: The Bass Reeves Story, is filming in North Texas.

The Fort Worth Stock Show & Rodeo is winding up its 2023 run on Saturday, February 4.

Quonset hut in south Fort Worth to be transformed into ballroom

Quonset Hut News

A Quonset hut in south Fort Worth is about to make a Cinderella-like transformation: Called the Quonset Ballroom, it's being developed into an entertainment space which will host live music, food trucks, and events.

The hut is located at 2608 W. Dickson St., and was previously home to a lawn care operator for 30 years.

Husband-and-wife Jason and Hedy Peña stumbled onto it while searching for a new location for Hedy’s insurance agency, Armor Texas Insurance Agency. They landed at 2612 Dickson St., a cool mid-century office building built in 1957, which was ideal for the agency, even despite its offbeat address in a heavily industrial area.

“It was a piece of property where we could locate the office and it also had this 4,000-square foot Quonset hut,” Hedy says. "We started thinking about creating a venue which could be rented for parties, weddings, and social events."

Quonset huts are sprinkled across the Dallas-Fort Worth landscape, most dating back to the 1940s, shortly after the structure was first invented at Quonset Point Naval Air Station in Rhode Island.

Fort Worth is also currently in thrall with Quonset huts, thanks to the hip PS1200 mixed-use development near the Medical District which opened in July.

This one was built in 1948, and will require an overhaul, including new flooring, AC, and framing, with a planned-for capacity of 250 people.

Even as they work on the revamp, the Peñas have hosted private parties as well as a campaign event for Jason Peña, who ran unsuccessfully for Fort Worth city council in May 2023.

“We’ve had some private events there, but it’s not ready for a full event," Hedy says.

They currently have no plans for a bar but they're building a kitchen space to serve as a platform for the food trucks, including hookups.

The tract also has what was once a 10-car garage, which the Peñas are developing as storefronts they hope to lease as office spaces.

The industrial nature of the neighborhood initally gave them pause, but Hedy says it's turned out to be a positive, and the property itself has mature, leafy trees.

"Everything around us is industrial and at first I was uneasy about opening the insurance agency there," she says. "But the neighborhood has not deterred customers. We've even grown. And without homeowners nearby, it's a good setup if we have live music."

She envisions a spot that will eventually have a community feel, where families can dine and sit outside or inside – there will be seating – and enjoy music and conversation.

“It will be open to rent to the public, for sure, and could turn into something where it has regular hours," she says. “It will be for everyone, the public, our friends, family, so that everyone can see what we have here.”

Gamestop stock saga gets fun, star-filled movie treatment with Dumb Money

Movie review

The stock market feels like one of those aspects of American life that only a select few truly understand. The rest of us acknowledge it as something that exists and affects our lives in some way, but how and why any particular stock is traded and becomes more (or less) valuable can be a complete mystery.

Dumb Money tackles one of the most interesting recent stories to come out of the stock market, the surprising inflation of Gamestop stock in late 2020/early 2021. The film bounces around to a variety of characters, but centers mostly on Keith Gill (Paul Dano), a YouTuber who went by the name of Roaring Kitty. Gill, an amateur stock trader, took an early position about liking the lightly-regarded Gamestop stock, regularly posting videos and on the Reddit thread WallStreetBets about how his significant investment in the stock was doing.

Concurrently, hedge fund managers like Gabe Plotkin (Seth Rogen) were actively trying to short, or bet against, the stock. That began a battle by Gill and other similarly-minded individual investors to fight back against what they saw as unfair trading practices by the big firms, resulting in Gamestop’s stock rising astronomically in a relatively short period of time.

Directed by Craig Gillespie (I, Tonya) and written by Lauren Schuker Blum and Rebecca Angelo, the film is notable for what it is not, a deep dive into the inner workings of the stock market. Instead of getting into the nitty gritty details, the filmmakers treat it as the ultimate David vs. Goliath story, with Gill and other everyday people like a nurse, Jenny (America Ferrera), Gamestop worker Marcus (Anthony Ramos), and college student Harmony (Talia Ryder) going up against billionaires like Plotkin, Steve Cohen (Vincent D’Onofrio), Ken Griffin (Nick Offerman), and Vlad Tenev (Sebastian Stan).

Photo by Claire Folger/Sony Pictures

Paul Dano in Dumb Money.

It doesn’t hurt that Gill is an eccentric character who wears cat-emblazoned shirts and a headband, and that the Reddit community he inspires communicates primarily in memes, upping the entertainment factor of their side immensely. The story is also a suspense in a way; as the variety of individuals drive the stock ever higher, their net worth – on paper – also grows exponentially, and the longer each of them holds on without selling ups the potential that they could be burned.

Because the real-life event happened during the thick of the pandemic when it was still up in the air as to the full impact of COVID-19, the story takes on a little more significance. Characters mask up regularly, conversations take place on the phone or over Zoom, and a general feeling of unease permeates the film. That may or may not have influenced how certain people approached the situation, but in the context of the film, it definitely seems to play a part.

The back-and-forth between the haves and have-nots takes up so much time in the film that it barely has time for such well-known actors as Shailene Woodley, Dane Dehaan, Olivia Thirlby, and Pete Davidson, among others. Each of them plays a supporting character to one of the main people, and all of them deliver that little something extra in what could have been throwaway roles.

Dano is a chameleonic actor who’s gone between drama and comedy with ease throughout his career. This role is a mixture of both, and he has an effortlessness about him that makes everything he says instantly believable. Rogen is great casting as Plotkin, amiably playing the buffoon of the story. After her big role in Barbie, Ferrera once again shows that she deserves as many showcases as Hollywood can give her.

Storytellers can rarely go wrong in showing people with little power taking on those with great wealth, and the fact that the story shown in Dumb Money is (mostly) true makes it that much better. You may not understand the stock market any more than you already did at the end, but you’ll be so entertained that it won’t matter.

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Dumb Money is now playing in theaters.

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