American business mogul Diane Hendricks is worth a reported $12 billion. Diane Hendricks is the sole proprietor of two businesses that she and her late husband Ken established in Beloit, Wisconsin: Hendricks Holding and ABC Supply. When it comes to distribution in the United States, no company compares to ABC.
In addition to serving on the boards of several charitable organizations, she is currently serving as the co-chair of the economic development initiative Rock County 5.0. In addition, Hendricks is a major financial backer of Republican candidates. Diane is the wealthiest self-made woman in the United States and the second richest person in Wisconsin.
Diane is active in a number of philanthropic organizations, serving on the boards of the Beloit Foundation and the Hendricks Family Foundation, both of which she and her late husband established.
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What is Diane Hendricks’ Net Worth?
| Net Worth: | $12 Billion |
| Gender: | Female |
| Profession: | Film Producer, Businessperson |
| Nationality: | United States of America |
Diane Hendricks’ Early Life
In 1947, when she was still known as Diane Smith, Diane Hendricks was born on a farm in Wisconsin. She attended Osseo-Fairchild High School as a teen and eventually graduated in 1965.
ABC Supply
Hendricks began marketing his one-of-a-kind creations in 1975. She wed roofing contractor Ken Hendricks soon after they met, and the couple started ABC Supply, a distributor of roofing materials, in 1982. The company, with roots in Beloit, Wisconsin, has grown from a single location to over 700 outlets across the United States, generating over $11 billion in revenue.
ABC Supply is a roofing supply store that also carries windows, gutters, and siding for commercial and residential construction. In 2010, with the purchase of Bradco Supply, the corporation made its largest acquisition to date.
Hendricks Holding
Diane and Ken Hendricks launched the holding company Hendricks Holding in the same year they established ABC Supply. There are businesses in the transportation, insurance, real estate, restaurant, and logistics industries among those in the company’s portfolio.
American Aluminum Extrusion Company, American Westbrook Insurance Services, Federal Health Sign Company, GEM Pharmaceuticals, Humane Manufacturing, Rivers Edge Foundry, and Universal Recycling Technologies are some of its subsidiaries and holdings.
Film Producing
Hendricks has produced a handful of full-length movies. It was in 2008 that she received a producing credit for the Shohreh Aghdashloo and Jim Caviezel vehicle “The Stoning of Soraya M.” shot in Persian.
The film premiered at TIFF and took home the Director’s Choice trophy for best feature. In the same year, 2008, Hendricks also worked as a producer on David Zucker’s sendup of American liberalism, “An American Carol,” a satirical comedy. No one went to see this movie, and it was a huge flop.
Philanthropy
Hendricks is also involved in the nonprofit sector; he is the co-chair of Rock County 5.0, a five-year initiative to further the Rock County, Wisconsin, economic development plan. She has also been active in the community by serving on the boards of several non-profits, such as Stateline Boys & Girls Club, Beloit Foundation, Forward Janesville, and Beloit Memorial Hospital.
On the other hand, Hendricks is a major benefactor to WisconsinEye, a public service television channel that broadcasts coverage of the Wisconsin State Assembly, committee hearings, and other community events and programs.
Political Donations
Hendricks is widely known as a generous supporter of Republican politicians and other conservative organizations. She gave $500,000 to Wisconsin Governor Scott Walker’s recall campaign in 2012, making her the year’s single largest donor to Walker’s campaign.
Two years later, Hendricks gave $1 million to the Koch brothers’ Republican Super PAC Freedom Partners Action Fund. In both 2015 and 2016, she maintained her multimillion-dollar contributions to the fund.
Subsequently, Hendricks refused a tax assessor’s request to enter her residence. She eventually gave the assessor information about her home, which resulted in a valuation increase from just under $500,000 to well over $1 million.
