Roofing Supplier CEOs, Co-Founders Make 2023 Forbes 400 Richest List

Forbes has issued its 2023 “Forbes 400” list, tracking the wealthiest people in the United States. Amidst the expected names like Elon Musk, Jeff Bezos and Warren Buffett, two spots are held by top-ranking women in building materials and supply companies.

This year’s list, according to Forbes, calculated the net worth of its entrants using stock prices from Sept. 8, 2023. It took a having a net worth of $2.9 billion to make it onto this year’s list, which is up from $2.7 billion in 2022.

Among those making this year’s list is Diane Hendricks, chair and co-founder of ABC Supply Co. Inc. Forbes reports her net worth as $19.3 billion, and her real-time net worth at $19.1 billion as of Oct. 18, placing her at 38 on the list.

Hendricks co-founded the roofing distribution giant with her late husband, Ken, in Beloit, Wis., in 1982. The company has more than 900 branch locations and an estimated $19.5 billion in revenue in 2022.

Aside from this year’s Forbes 400, the magazine ranked her at 1 on its 2023 America’s Self-Made Women list and 130 on its 2023 Billionaires list. She also earned a spot on the magazine’s “50 Over 50 – Entrepreneurs” list in 2022.

Maggie Hardy, owner and CEO of 84 Lumber, earned a spot on this year’s list as well. Forbes reported her net worth at $4.1 billion as of Oct. 18, ranking her at 278. Her father, Joseph Hardy, who died earlier this year at age 100, founded the business in 1956. Maggie Hardy took over the business in 1992 at the age of 26, and it topped $1 billion in sales the following year.

84 Lumber has nearly 310 facilities in 35 states, bringing in roughly $8 billion in revenue. Hardy has also been honored by Forbes on its 2023 “50 Over 50 – Investment” list and was ranked at 1,104 on its 2023 Billionaires list.

Hendricks and Hardy are among the minority – only 60 women are on this year’s list, or 15% of the total members. They are both returning members of the list.

According to Forbes, the collective group of its Forbes 400 are $500 billion richer than a year ago and hold a total of $4.5 trillion in wealth.

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Chris Gray is the editor of Roofing Contractor and Roofing Supply Pro. He has worked in the fields of journalism and copywriting for nearly 20 years, ranging from local print newspapers to the multi-media promotion of international artists.

Reach him at 248-244-6498 or grayc@bnpmedia.com.