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Photo courtesy of SHI

Twelve of the country's 100 most successful female entrepreneurs live in Texas this year, and eight of them call Austin 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 percent 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.

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 other seven Austin women on the list are:
  • 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.

The remaining Texas women on the list include:

  • 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.
  • 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.
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Online home searching platform Compass buys top Austin-based brokerage

real estate news

National residential real estate agency Compass has acquired Realty Austin and Realty San Antonio, in a move that will expand its position as the leading national firm and its growth in Texas by more than 600 agents.

Although the sale price was not disclosed in Compass' announcement, the local brokerages completed $5.24 billion sales just in 2022 alone.

Compass added that the Austin and San Antonio leadership will have direct oversight of daily operations as part of the terms of the acquisition. Realty Austin and Realty San Antonio co-founder Yvette Flores maintains that she and her leadership team will strive for a "seamless transition" into the national firm that respects the home-grown culture they have created.

Realty Austin was founded in 2004 by Flores and Jonathan Boatwright, and has grown through the years to become one of the most innovative brokerages in Central Texas and beyond. The company expanded its operations to San Antonio in 2021.

Realty Austin and Realty San Antonio CEO Gabe Richter said in the release that Compass' leading-edge technology will help his agents foster greater successes, particularly in one booming Austin category: luxury real estate.

"Our agents have consistently set records with remarkable achievements," Richter said in the release. "Now, by aligning with Compass, they gain access to a transformative technology platform that enhances efficiency and elevated resources that empower them to secure even more luxury listings."

Compass was founded in 2012 as the largest real estate brokerage in the U.S., and preserves its stronghold as the No. 1 brokerage in Texas thanks to its milestone acquisition. The national brokerage has already surpassed $10 billion in sales in Texas in 2023, according to the release.

“With this acquisition, we've positioned ourselves as Austin's leading brokerage — our commitment to setting new standards and inspiring innovation for all our exceptional agents remains the top priority while honoring what Realty Austin and Realty San Antonio has built," said Compass Texas President Rachel Hocevar.

Stylish Barbie merch truck cruises through Austin on 'Dreamhouse Living Tour'

This Barbie Sells Merch

Hot on the heels — or wheels — of the Hello Kitty Cafe Truck comes another timely pink rolling shop. Actually, this truck will beat the Sanrio version to Austin on October 7.

The Barbie Truck will stop in Austin on its 2023 "Dreamhouse Living Tour," which celebrates the 60th anniversary of Barbie's ever-more popular property, and will give visitors a chance to spice up their own homes.

Although this is all about the house, there are only a few homewares: things like coasters, glass tumblers, a glass mug, a throw blanket, and an "accessories cup." Visiting Barbies have more opportunities to take home wearable and on-the-go items like graphic tees, hoodies, and denim; a baseball cap; embroidered patches; and keychains.

Barbie Truck Dreamhouse Living TourPhoto courtesy of the Barbie Truck Dreamhouse Living Tour

Most people who have been awake and on social media in the past year have learned that Barbie's Dreamhouse has a more empowering history than many girls realized while orchestrating drama between the dolls.

A release announcing the arrival of the truck reminds fans (and detractors) that when the Dreamhouse came out, only a tenth of a percent of young women were independent homeowners, and states that someone buys a Dreamhouse every minute.

Barbie Truck Dreamhouse Living Tour

Photo courtesy of the Barbie Truck Dreamhouse Living Tour

Dreamhouse aside, this is a dream ride.

The Barbie Truck will be in Austin on Saturday, October 7. from 10 am to 7 pm at The Domain. Arrive early in case of long lines.

These Barbies will hit six other Texas cities on the tour:

  • September 30 — San Antonio
  • October 14 — Laredo
  • October 21 — Friendswood (Houston)
  • October 28 — The Woodlands (Houston)
  • November 4 — Plano (Dallas)
  • November 11 — Fort Worth

Follow along to see more stops on Instagram or Facebook.

Here are the top 7 things to do in Austin this weekend

Weekend Event Guide

We see festivals, art events, and live music in the near future, and this list is proof. Raise a stein in honor of Oktoberfest at Banger’s, or catch a can’t-miss show by Depeche Mode. Check out the top seven things to do in Austin this weekend. For a complete list of events, please visit our calendar.

Thursday, September 28

Fantastic Fest
Fantastic Fest presents its final day of fantasy, horror, sci-fi, and action. Attendees will have the opportunity to screen movies from a variety of genres as well as the closing night film, Totally Killer, and more. Badges are available at fantasticfest.com.

Banger’s Sausage House & Beer Garden presents Oktoberfest Celebration
Celebrate the autumn season in all German-inspired fashion at Banger’s Sausage House & Beer Garden. Guests can enjoy German food, games, and beer, and several live music performances for three days straight. For more Oktoberfest details visit bangersaustin.com. Admission is free and open to those who are 21 and older. Read CultureMap's Oktoberfest guide for more event recommendations.

ProyectoTeatro presents "Cabarex: Orígenes ¡A Latinx Cabaret!"
The Vortex hosts an original Spanish-language cabaret production by ProyectoTeatro in celebration of Hispanic Heritage Month. The show blends comedy, risqué theatrics, improv, drag, and live singing for a rich retelling of major moments in Latino history. "Cabarex" will be performed in both Spanglish and Spanish and also with English subtitles. Performances are scheduled through October 8. Go to vortexrep.org for more details.

Friday, September 29

Viata Hotel presents an Art Installation Launch Party
Be among the first to experience new installations by artists Ryan Runcie and Matthew Phelan at the contemporary and hip Hotel Viata. This intimate opening event will feature highlights including an exclusive gallery viewing, live music, curated food and drinks, and the opportunity to meet the artists. Admission is free with RSVP at hotelviata.com.

St. Elias Orthodox Church presents the 89th annual St. Elias Mediterranean Festival
The richness and traditions of Mediterranean culture are on full display for members of the public to enjoy at St. Elias Antiochian Orthodox Church. Festival attendees can expect dance performances, a variety of Mediterranean foods, a bazaar, henna drawing, kid-friendly activities, and more. Get more event information at austinmedfest.com.

Moody Center presents Depeche Mode in concert
Electronic group Depeche Mode will play a live show at Moody Center. The artists behind songs such as “Enjoy the Silence” and “Just Can’t Get Enough” come to Austin in support of their new album, Memento Mori. The nostalgic show may remind viewers that the group was ahead of its time in the 80s. Get more details on Ticketmaster.

Banger\u2019s Oktoberfest 2023 Celebration
Photo courtesy of Banger’s Sausage House & Beer Garden

Banger’s Sausage House & Beer Garden presents an Oktoberfest Celebration on September 28.

Saturday, September 30

Death Cab for Cutie and The Postal Service in concert
Co-headliners Death Cab for Cutie and The Postal Service (linked by singer Ben Gibbard) bring their tour to Germania Insurance Amphitheater. Both bands are in Austin in support of new albums. Death Cab for Cutie will perform tracks from their 2022 project, Asphalt Meadows, and The Postal Service will perform their 2003 album, Give Up. Fellow alternative rock band The Beths will join for a special guest performance. Go to Ticketmaster for more details.