In celebration of international women's day let's talk about women, money, real estate, and success.
In the 1800-1900 there were no women millionaires unless they inherited their money through their fathers or husbands. There were no self made women, no women in any positions of power or authority. Women had no autonomy over their lives. Their lives were planned out and supervised.
I feel so lucky to live in a time where that is so the past. Women and men are different, thats for sure but we have the same opportunities. We can do literally whatever we want.
Here are some statistics and numbers of powerful women.
Top women CEO’s of fortune 500 companies.
Karen Lynch. CEO, CVS Health (CVS)
Rosalind Brewer. CEO, Walgreens Boots Alliance (WBA)
Mary Barra. CEO, General Motors (GM)
Tricia Griffith. CEO, Progressive (PGR)
Safra Catz. CEO, Oracle (ORCL)
How Many CEOs Are Women?
As of the end of 2022, 52 women were CEOs of Fortune 500 companies, approximately 10% of the total.
Some of the self-made women billionaires
Diane Hendricks: Co-founder and chairman of ABC Supply, a wholesale distributor of roofing, siding, and windows.
Zhou Qunfei: Founder and CEO of Lens Technology, a company that manufactures glass covers for electronic devices.
Marian Ilitch: Co-founder of Little Caesars Pizza and owner of the Detroit Tigers and Detroit Red Wings.
Meg Whitman: Former CEO of eBay and Hewlett Packard Enterprise, and current CEO of Quibi.
Oprah Winfrey: Media mogul, actress, and philanthropist, best known for her talk show "The Oprah Winfrey Show" and her production company, Harpo Productions.
Self-made women millionaires
Sara Blakely: Founder of Spanx, a successful undergarment and shapewear company.
Tory Burch: Founder of the fashion brand Tory Burch LLC.
Sophia Amoruso: Founder of Nasty Gal, an online fashion retailer.
Gwynne Shotwell: President and COO of SpaceX, who played a significant role in the company's success.
Emily Weiss: Founder and CEO of Glossier, a cosmetics and skincare company.
Whitney Wolfe Herd: Founder and CEO of Bumble, a popular dating app.
Anne Wojcicki: Co-founder and CEO of 23andMe, a personal genomics and biotechnology company.
The first CEO of a major corporation is Katharine Graham. She became the CEO of The Washington Post Company in 1972, following the death of her husband, Philip Graham, who had been serving as the company's CEO. Katharine Graham played a pivotal role in expanding and shaping the company, notably during the Watergate scandal, where The Washington Post's investigative reporting led to the resignation of President Richard Nixon. Her leadership and contributions to journalism have had a lasting impact.
First self made woman millionaire. Madam C.J. Walker (1867-1919) is often credited as the first self-made woman millionaire in the United States. Born Sarah Breedlove, she founded a successful hair care and cosmetics business in the early 20th century, catering primarily to African American women. Through her entrepreneurial skills and innovative marketing techniques, she built a thriving business empire, becoming one of the wealthiest women of her time. Walker's achievements are particularly remarkable given the social and economic challenges faced by African Americans and women during that era.
Some history
In the 1960s women gained the right to open a bank account only with their husbands signature and were refused to unmarried women.
It wasn't until 1974, when the Equal Credit Opportunity Act passed, that women in the U.S. were granted the right to open a bank account on their own.
Its primary purpose is to prohibit credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because a person receives income from a public assistance program.
It took another decade for the courts to rule that a husband doesn’t have the right to unilaterally take out a second mortgage on property held jointly with his wife.
1981 new york times article By Nan Robertson. Full article linked here
Single women, divorced, widowed or never married, are now buying one-third of all condominium apartments and one-tenth of all houses throughout the United States, according to the National Association of Realtors. The assocation calls single women the fastest-growing segment in the housing market.
The rush of single women to own homes and their new ability to borrow mortgage money more easily have been attributed primarily to Federal laws passed in 1974 and l975 that struck down sex discrimination in lending and home buying. A change in social attitudes, the confidence that the feminist movement inspired, and the movement of women into better-paying jobs are also thought to be factors in the trend.
''Ten years ago, a single woman applying for a mortgage loan would have been laughed out of most lending institutions,
Younger single women buying homes today just have never experienced those problems.''
That article was written in 1981! Today, 2024 I dont think of progressive female rights in that time but it did not take long for women to stand up for themselves.
January 2024 article by the national association of realtors
In 1981, 73% of home buyers were married couples, 11% were single women and 10% were single men. Today, those shares stand at 59% married couples, 19% single women, and 10% single men. The highest share of single women buyers was in 2006, when the share stood at 22%. Between 2016 and 2022, the share of single women will be between 17% and 19%. In 2010, the share of single men rose to a high of 12% but has stayed between 7% and 9% of buyers in recent years.
Today, women have taken the reigns when it comes to managing household finances. According to U.S. News and Money, a survey found that 51 percent of women consider themselves the “CFO” of their household. In addition, 54 percent said that they have either complete or a great deal of responsibility when it comes managing their household's long-term savings and investments. Despite maintaining a dominant role with household finances, 63 percent of women wish they knew more about financial planning and investing.
I know so many women financial advisors, wealth managers, financial educators, mortgage brokers, bank owners. The list goes on.
Let's look at some stats of Women in real estate
62% of all Realtors are female
61.9% of property managers are female
9.9% of construction industry professionals are female
24% of architects are female
83.9% of interior designers are female
19% of single homebuyers are female
Lets take a moment to recognize Julia Morgan.
Julia Morgan (1872–1957) was a woman of many firsts: one of the first female engineering majors at the University of California, Berkeley, the first woman to pass the entrance exam in architecture for the École Nationale Supérieure des Beaux-Arts (and the school’s first female graduate), and the first licensed woman architect in California.
Over the course of her 46-year career, Morgan designed over seven hundred buildings, primarily in California, and is best known for her work on Hearst Castle, publisher William Randolph Hearst’s spectacular estate in San Simeon, California, now a National Historic Landmark. In 2014, Morgan was posthumously awarded the American Institute of Architects’ Gold Medal in recognition of her pathbreaking career and dynamic buildings, the first woman to be awarded the medal in its 107-year history.
History of the real estate queens podcast
All of this history paved the way for me. A woman that knows no limits.
I graduated from uni in 2012 and moved to SF. I got my real estate license and began practicing in residential leasing in 2014 and moved onto residential sales in 2015-16. Why? Because I wanted to be where the money, responsibilities, and high rollers were. I wanted to be an influential force in my field.
I was doing ok, building my real estate business, learning and gained success. Then 2020 hit and we all know what happened. The world shut down, people thought it was the end, mortgages stopped, buying or selling of real estate stopped, everything shut down.
We were all forced to look with in and ask ourselves what do I want to do, what makes me unique and different, what unique value can I bring. There are thousands of real estate agents, what makes me different.
I am a young woman, who is financially independent, and want to buy real estate forever. I feel a strong bond with other women like this. I am an expert in the correct ways to buy and sell real estate in SF and my contribution will be to empower and educate women ont he correct ways to buy and sell real estate. I will create a class and teach women how to do this. Whether its ont heir own or with their spouse they still need to understand and know what to do.
Thus the real estate queen academy was born.
First I would take individual clients for a 3 hour online class.
Then I created an online course.
