Diane Hendricks Net Worth $21 Billion
Category: Richest Business › Richest Billionaires
Net Worth: $21 Billion
Gender: Female
Profession: Film Producer, Businessperson
Nationality: United States of America
What is Diane Hendricks’ Net Worth?
Diane Hendricks is an American businesswoman with a net worth of $21 billion. She co-founded the Beloit, Wisconsin-based companies Hendricks Holding and ABC Supply with her late husband, Ken. ABC Supply is the largest roofing, siding, and window distributor in the United States. Diane also co-chairs the economic development initiative Rock County 5.0 and serves on the boards of various philanthropic organizations. She is a major donor to Republican politicians and is the richest woman in Wisconsin, the second richest person overall in Wisconsin, and the richest self-made woman in America.
Early Life
Diane Hendricks, born Diane Smith in 1947, grew up on a dairy farm in Wisconsin. She graduated from Osseo-Fairchild High School in 1965.
ABC Supply
In 1975, Diane was selling custom-built homes when she met and married roofing contractor Ken Hendricks. Together, they founded ABC Supply in 1982. The company, based in Beloit, Wisconsin, expanded from a single store to over 700 branches nationwide, generating sales of more than $11 billion. ABC Supply provides roofing materials, windows, gutters, and siding for commercial and residential buildings. Its most significant acquisition was Bradco Supply in 2010.
Hendricks Holding
Diane and Ken Hendricks also co-founded Hendricks Holding in 1982, a conglomerate with a diverse portfolio in fields like transportation, insurance, real estate, dining, and logistics. Notable holdings include American Aluminum Extrusion Company, American Westbrook Insurance Services, Federal Heath Sign Company, GEM Pharmaceuticals, Humane Manufacturing, Rivers Edge Foundry, and Universal Recycling Technologies.
Film Producing
Diane Hendricks has produced a few feature films. In 2008, she produced “The Stoning of Soraya M.,” a Persian-language film starring Shohreh Aghdashloo and Jim Caviezel, which won the Director’s Choice Award at the Toronto International Film Festival. That same year, she also produced “An American Carol,” a satirical comedy directed by David Zucker.
Philanthropy
Diane co-chairs Rock County 5.0, a five-year initiative aimed at advancing the economic development plan of Rock County, Wisconsin. She has served on the boards of several philanthropic organizations, including Beloit Memorial Hospital, Forward Janesville, the Beloit Foundation, and the Stateline Boys & Girls Club. Diane is a notable donor to WisconsinEye, a non-profit network covering the Wisconsin Legislature and other civic events.
Political Donations
Diane Hendricks is a prominent donor to Republican politicians and conservative causes. In 2012, she donated $500,000 to Wisconsin Governor Scott Walker’s campaign. She has also donated millions to the Republican Super PAC Freedom Partners Action Fund and the Reform America Fund. Diane served as an economic advisor on Donald Trump’s campaign and has supported politicians like Scott Pruitt and Marjorie Taylor Greene.
Personal Life
Diane Hendricks was married to Ken Hendricks, with whom she had seven children: Kendra, Kathy, Kim, Kevin, Kara, Konya, and Brent. Ken Hendricks passed away in December 2007 after falling through a subfloor at their home. Diane resides in Afton, Wisconsin.
Diane has faced controversy for tax avoidance, having paid zero state income tax in four of the five years from 2010 to 2014. An investigation revealed her 8,500-square-foot home was fraudulently assessed as a 1,663-square-foot ranch. After initially denying access to a tax assessor, she eventually provided accurate data, increasing her property’s assessed value from under $500,000 to over $1 million.
