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10 Women-Owned Companies You Should Know

Women may still represent a minority of business owners in America, but they are growing in influence. According to a 2022 U.S. Census Bureau study, women-owned firms generated roughly $1.9 trillion in sales and employed more than 10.9 million workers in 2020, the most recent data available.

Women owned 41.1% of businesses without employees—called nonemployer businesses—and had $313.6 billion in receipts in 2019, according to the most recent data available from the Nonemployer Statistics by Demographics (NES-D). (Nonemployer businesses have no paid employees or payroll, are subject to federal income tax, and have receipts of $1,000 or more.)

澳洲幸运5官方开奖结果体彩网:Oprah Winfrey may be Am🥂erica’s (if not the world’s) most famous woman business owner, but she’s not the only one. From restaurant chains to sports teams, here are just a few of the la🌜rgest companies where women have at least a 50% ownership stake.

Key Takeaways

  • Women-owned businesses make up 21.4% of all employer businesses, and that share has been ticking slightly upward in recent years.
  • Examples of prominent women-owned businesses include Panda Restaurant Group, the umbrella corporation that operates the Panda Express chain, and The Wonderful Co., which sells a variety of food and beverage brands.
  • The popular restaurant chain conglomerate Panda Restaurant Group was co-founded by Peggy Cherng with her husband, Andrew Cherng.

The Wonderful Co.

  • Owners: Lynda and Stewart Resnick
  • Estimated annual revenue: $5.0 billion (2023)

Leaving her successful advertising career behind, Lynda Resnick and her husband, Stewart, decided to buy farmland in California and sell their own agricultural products. They gradually expanded their lineup of brands to include the likes of Wonderful Pistachios, Wonderful Halos, POM Wonderful, and FIJI Water. As co-owner of the company, which has an estimated $5 billion in annual revenue, Lynda leads its worldwide marketing and product development.

Panda Restaurant Group

  • Owners: Peggy and Andrew Cherng
  • Estimated annual revenue: $5.4 billion (2023)

The remarkable growth of the Asian food chains Panda Express, Panda Inn, and Hibachi-San is the result of the husband-and-wife team of Peggy and Andrew Cherng. Both share the titles of co-founder, co-chair, and co-CEO. Peggy, a former engineering student, leads the development of logistical systems, according to the company’s website. She was also pivotal in launching the company’s training program, the University of Panda.

ActOne Group Inc.

  • Owner: Janice Bryant Howroyd
  • Estimated annual revenue: $2.5 billion (2023)

Janice Bryant Howroyd created her human resource management company in 1978 with just $1,500 to her name—and that included a $900 loan from her mom. What she has managed to do with the meager investment over the past four decades is stunning. ActOne Group now serves more than 17,000 clients in 33 countries and brings in annual receipts of about $2.5 billion, according to the Los Angeles Business Journal.

ASI Computer Technologies Inc.

  • Owner: Christine Liang
  • Estimated annual revenue: $1.48 billion (2022)

Christine Liang’s initial ambitions were modest enough. Looking for a source of income after moving to the U.S. from Taiwan in the 1980s, she decided to buy computer components from Asia and resell them to companies in her new country. The $16,000 in savings that she put into the company proved to be a good investment. While Liang keeps a low profile, ASI has since become one of North America’s largest distributors of IT products to 澳洲幸运5官方开奖结果体彩网:value-added resellers, with sales of roughly $1.63 billion in 2021.

America Chung Nam

  • Owners: Cheung Yan (aka Zhang Yin) and Liu Ming Chung
  • Estimated annual revenue: $201.7 billion (2023)

American Chung Nam was founded by Cheung Yan and Liu Ming Chung in Los Angeles in 1990. In 1995, they started Nine Dragons Paper Group, now the largest containerboard manufacturer in China. They have grown ACN into a billion-dollar company that provides an integrated supply chain for recyclables worldwide. Cheung Yan and Liu Ming Chung's combined net worth is nearly $3.1 billion as of Feb. 2024, according to Forbes.

MTM Inc.

  • Owner: Alaina Maciá
  • Estimated annual revenue: $1.02 billion (2022)

Peg and Lynn Griswold started MTM in 1995 to ensure that people without easy access to transportation would be able to get the medical care they need. Today, the St. Louis–based company is owned and run by their daughter, CEO Alaina Maciá. MTM is one of the largest NEMT (non-emergency medical transportation) brokers in the U.S., scheduling more than 25 million trips for 13.6 million members nationwide while handling eight million calls per year.

Perry Homes

  • Owner: Kathy Britton
  • Estimated annual revenue: $913 million (2022)

For Kathy Britton, home building isn’t just a way of life—it’s in her blood. When she was still in high school, she worked as a model homes greeter for her father’s company, Houston-based Perry Homes. And when she graduated from law school, her first job was working in the company’s land acquisition department. After her father passed away in 2013, Britton took over as owner, eventually becoming Executive Chair. The company serves 80+ communities in four major markets: Austin, Dallas/Fort Worth, Houston, and San Antonio.

Howard Hanna Real Estate Services Inc.

  • Owners: Hanna family
  • Estimated annual revenue: $1.1 billion (2023)

What’s now the largest family-owned real estate broker in the country began as a small startup founded by Howard and Anne Freyvogel Hanna in the 1950s. Decades later, their children—Hoddy Hanna, Helen Hanna Casey, and Annie Hanna Cestra—and grandchildren continue to grow the family business. The Pittsburgh-based company operates in a number of states along the East Coast and in the Midwest, generating an estimated $1.1 billion in sales in 2023.

Turtle & Hughes

  • Owners: Jayne Millard and family
  • Estimated annual revenue: $309.7 million (2023)

Jayne Millard leads the electrical and industrial distribution company that her great-grandfather started in 1923. Since taking the helm, Millard—once a marketing consultant for famed choreographer Martha Graham—has overseen remarkable growth at the Linden, N.J.–based firm. Today, the company employs over 800 people across the U.S. and Canada, Mexico, and Puerto Rico. In 2021, Millard was inducted into the Women's Business Enterprise (WBE) Hall of Fame.

Bennett Family of Companies

  • Owner: Marcia Taylor
  • Estimated annual revenue: $1.25 billion (2022)

What does it take to turn a small, five-truck shipping company into a supply chain juggernaut with over $1 billion in annual revenue? For CEO and Chairperson Marcia Taylor, finding new opportunities has always been a key part. Bennett has gradually expanded since its inception in 1974, now offering everything from project logistics to oil field support to cold chain solutions. Taylor has managed to grow the company while keeping a family-friendly culture. In 2021, Bennett was again named a “Top Transportation Company for Women to Work For” by the Women In Trucking Association.

What Percentage of U.S. Businesses Are Owned by Women?

Women-owned firms comprised 21.4% of all businesses that employed people in 2021 (the most recent data available), according to the U.S. Census Bureau.

Who Is the Richest Self-Made Woman in the United States?

The wealthiest woman who generated the money herself (not through an inheritance) is Diane Hendricks, according to Forbes. The co-founder and chair of ABC Supply, a wholesale distributor of roofing, siding, and windows, is worth about $15 billion as of Feb. 29, 2024.

Are Any Major Sports Teams Owned by Women?

Yes. One notable example is Jeanie Buss, the CEO and controlling owner of the NBA’s Los Angeles Lakers. The NFL alone has four women team owners: Gayle Benson of the New Orleans Saints, Virginia Halas McCaskey of the Chicago Bears, Sheila Ford Hamp of the Detroit Lions, and Amy Adams Strunk of the Tennessee Titans.

The Bottom Line

Women continue to prove that they 澳洲幸运5官方开奖结果体彩网:can successfully lead the largest organizations in the country. From industrial companies to agricultural businesses, numerous top privately held businesses are owned and led by female leaders.

Article Sources
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