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LIFESTYLE, POWER AND FORTUNE
THE WORLD'S RICHEST WOMEN: THE BILLIONAIRES

Photos
from L to R: #1.Abigail Johnson, #2. Nina Wang.
#4. Abby Johnson. At first blush, you might
think Abigail "Abby" Johnson's employment with Fidelity
Investments reeks of nepotism. Then you realize that Johnson, daughter
of Chairman Edward "Ned" Johnson, has been a standout at the company
since she started full time in 1988 as fund manager for the Fidelity
Select Industrial Equipment portfolio. She managed several funds over
the next 12 years; then came the big bump. On May 21, 2001, Fidelity named
Johnson, 40, president of Fidelity Management and Research, which gives her
oversight over all of Fidelity's portfolio managers, analysts and traders,
along with $1 trillion in assets. She is without a doubt the most powerful
woman in American finance. Rumors swirl that she will succeed her
71-year-old father, who has not yet hinted at a retirement timetable.
Fidelity has no mandatory retirement age. But her chances of becoming
Fidelity's next chief executive are as good as the sun coming up tomorrow.
#5. Nina Wang. No one can say that tiny Nina doesn't think
big.
Late last year she tried to construct the world's
tallest building, the Nina Tower, but the project was squashed because of
its proximity to a local airport. Wang runs Chinachem, a Hong
Kong-based real estate company she inherited when her husband Teddy was
kidnapped in 1990. Teddy has never been found, but his father finally
declared him dead in 1999, over the strenuous objections of Nina. Now that
he's officially dead, the senior Wang, 90, is fighting his daughter-in-law
for control of Chinachem, alleging that she forged a will that left her
everything. Handwriting experts have determined that the will is genuine.
Wang has launched a few zingers herself, including allegations that her
father-in-law has a mistress and uses opium. The two continue to battle it
out in court. Meanwhile Wang, worth $3.7 billion, has expanded privately
held Chinachem's business far beyond real estate to biotechnology and
satellite systems. She's the richest woman in Asia but reportedly isn't
interested in the social scene. Instead, she wears her hair in Pippi.
#4 in the world, Walton, Alice L.
54
, inherited. Source: Wal-Mart. Net
Worth: $20.5 billions. Hometown: Fort Worth , TX. Marital
Status: divorced
, 2 divorces. Undergraduate: Trinity University of San Antonio,
Bachelor of Arts / Science
Daughter of Sam Walton (d. 1992), who opened his
first general store in Rogers, Ark. in 1962. Wal-Mart now world's largest
retailer: 4,000-plus stores around the globe. Family controls 38% of
Wal-Mart, but prefers a passive role; Alice raises horses on Texas ranch.
Family last year donated $750 million-plus, much to education, including
$300 million to U. of Arkansas. But family largesse not enough to quell
accusations that Wal-Mart wields too much clout. If Sam were alive today, he
would be worth twice as much as Bill Gates.
#6
in the world, Walton, Helen R, 84
, (Photo, left), inherited. Source: Wal-Mart.
Net Worth: $20.5 billions. Hometown:
Bentonville , AR. Marital Status: widowed
, 4 children. Undergraduate: University of Oklahoma, Bachelor of Arts
/ Science. Widow of Sam Walton (d. 1992), who
opened his first general store in Rogers, Ark. in 1962. Wal-Mart now world's
largest retailer: 4,000-plus stores around the globe. Family controls 38% of
Wal-Mart, but prefers a passive role. Family last year donated $750
million-plus, much to education, including $300 million to U. of Arkansas.
But family largesse not enough to quell accusations that Wal-Mart wields too
much clout. If Sam were alive today, he would be worth twice as much as Bill
Gates.
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