Entrepreneur and Philanthropist
What does it take to be the 2nd richest woman in America? If you ask Diane Hendricks, she would probably say something like “hard work and perseverance.” She grew up on a dairy farm and started out selling custom-built homes.
After she met her husband, Ken, they worked together, running his roofing business and flipping houses for 15 years. They started ABC Roofing in 1982 because her husband did not like the way roofing materials distributors treated roofers with disrespect. ABC is now one of the largest wholesale distributors of roofing and exterior building supplies, with over 400 locations across the nation. They acquired several of those disrespectful competitors along the way.
Ken Hendricks died in 2007, and Diane Hendricks grew the company from under $3 billion in 2007 to a projected $5.75 billion in 2015. She did all this while raising seven children. As of press time, she is now worth $4.9 billion.
Hendricks is grateful to her community for supporting her business when they were first getting started. And she has thanked them in a big way, funding Wisconsin Eye Public Affairs Network, a television network that is devoted to public affairs in Wisconsin, and acting as chairperson for Rock County 5.0, which is working to retain and create jobs in her native Rock County, Wisconsin.
She also serves on several boards, including the local hospital and the Boys and Girls Club, and is a trustee at Beloit College. She has strong, conservative political opinions, and her largest single contribution was a $5 million donation to Republican candidate Scott Walker’s presidential campaign.