To fill the skills gap, the mother of 7 (including 4 stepchildren) started working with schools in the area around five years ago, pitching in funding for an auto mechanic shop at Beloit Memorial High. In 1982 they founded American Builders and Contractors Supply Co., Inc. (ABC Supply) by utilizing the knowledge gained from their roofing business. She is the daughter of Dairy farmers. In the 2016 U.S. presidential election, she gave over $5 million to the Reform America Fund, a super PAC which has opposed Hillary Clinton and supported Republican U.S. They began mapping out locations across the U.S. -- aiming to bring roofing distribution nationwide -- then opened their first store in Beloit in 1982. Business grew rapidly. Senator from Wisconsin Ron Johnson. “Really good jobs.”, The ABC chairwoman hopes to equip every child going through high school with the resources and education they need to choose the best career paths for themselves. By the early 1980s, Ken and Diane had made enough to kick back and consider their next steps. Work here for a while, see what it’s like.” She continues, “Children are like, wow, is that how a welder works… They can go to vocational school and become a welder that’ll pay $50,000 a year. The company has over 700 locations and $7.2 billion in sales, and expanded its offerings to interior products like drywall and steel framing. She also helped launch a construction program in which students learn the academic side of construction in a classroom, then participate in demolishing, rebuilding and selling a new home. She has produced movies, including The Stoning of Soraya M. (2008), about an execution in an Iranian village, An American Carol, (2008), and Snowmen, (2010). She got married to Ken Hendricks in 1975. Hendricks paid no state income tax in four of the five years from 2010 to 2014. The self-made lady Diane Hendricks is the CEO and Chairperson of the ABC supply. “That they don’t just graduate, but they graduate with a future. In February 2017, she opened a career center for middle and high schoolers at Ironworks, a former foundry complex she repurposed to house a business incubator and tech startups. Proceeds from selling the house go back to Beloit Memorial. When she met Ken Hendricks, she had been divorced from her first husband for ten years. Diane Hendricks is the richest self-made woman in the U.S. She built ABC Supply, a wholesale roofing supply company from the ground up with her husband. She is also the donor of WisconsinEye. “But… I always wanted to go to the city. Years of working in the roofing industry enabled the Hendrickses to spot a need for a wholesale distributor that consolidated all brands of roofing at one location, instead of making contractors visit each manufacturer’s shop individually. “At the time, you couldn’t go to school and be pregnant,” says the 70-year-old, who studied at home during her senior year to get her diploma. “It was embarrassing but it was okay.”. Now Diane holds the Hendricks Holding Company, and she is the owner and chairperson of the ABC supply. A son and daughter followed five and 10 years later, with her second daughter arriving on her brother’s 5th birthday and just in time to play baby Jesus in the church Christmas pageant. Hendricks served as an economic advisor to Donald Trump's presidential campaign. At that time, they got married and then becomes business partners. Some Diane Hendricks images. Those are good jobs,” emphasizes Hendricks. Those aren’t being taught in our schools anymore, they haven’t for probably 30 years,” laments Hendricks. 1965. The housing market was already showing signs of a bubble, but Hendricks decided to hold on and steer the ship through the choppy waters of the recession. Email me at jwang@forbes.com, © 2020 Forbes Media LLC. She is 69 years old and her sun sign is Scorpio. eval(ez_write_tag([[160,600],'celebwikiworthbio_com-medrectangle-3','ezslot_2',608,'0','0'])); The CEO and chairperson of the ABC supply Diane Hendricks was born in 1947 in Wisconsin, United States of America. Hendricks was born and raised in Wisconsin, the daughter of dairy farmers. She is a true rags-to-riches tale. The two maxed out their credit cards to start ABC Supply, a source for windows, gutters, and roofing material. Hendricks ended up settling down in a small town -- she lives outside of Beloit, Wisconsin -- but she’s certainly made it to the big leagues. When she met Ken Hendricks, she had been divorced from her first husband for ten years. Now she is the widow of Ken Hendricks. Hendricks has since taken on new challenges -- revitalizing Beloit by renovating vacant factories and storefronts into offices and community centers while also helping bring technical education back to local high schools. “We knew what the contractor wanted,” Hendricks explains. Today Ms. Hendricks presides over a company worth $5 billion. She also supports Paul Ryan. The couple married and built up a successful business; Hendricks remodeled rentals with her father-in-law, knocking down walls and putting in windows, while Ken grew the roofing business. Something that they can really put their souls into.”, Profiling the world's richest and their businesses. In 1982, they used their lines of credit to secure a loan that enabled them to establish ABC Supply. She and her husband Ken Hendricks were business partners. Lynda Resnick Wiki, Biography, Net worth 2020, Rola Saad Wiki, Biography, Net worth 2020. Hendricks cofounded the business with her late husband, Ken, in Beloit, Wisconsin, 35 years ago. Her path to this point might surprise some people. She graduated from Osseo-Fairchild High School in 1965, and had been divorced from her first husband for ten years when she met Ken Hendricks. As one of nine daughters born to Wisconsin dairy farmers, Diane Hendricks loved her all- American upbringing, but always yearned for more. All Rights Reserved, This is a BETA experience. The privately-owned firm hauled in $7.2 billion in sales last year, giving Hendricks a net worth of $4.9 billion and a ranking of #122 on the 2017 Forbes 400 list. In 1975, she was selling custom-built homes and Ken was a roofing contractor. She has served on the boards of the Stateline Boys & Girls Club, Beloit Memorial Hospital, the Beloit Foundation, Forward Janesville, Kandu Industries, Blackhawk Bank, and the Hendricks Family Foundation. ABC Supply topped 100 stores by 1994, and reached $1 billion in sales four years later. ABC Supply is privately held, and sells roofing, windows, gutters, and siding for residential and commercial buildings. She graduated from the Osseo-Fairchild High School in 1965. Hendricks serves on the Board of Trustees of Beloit College. “I had a beautiful life, living on the farm. Hendricks was born and raised in Wisconsin, the daughter of dairy farmers. “They needed choices, they needed to be treated with respect and professionalism. She led ABC to make the two biggest acquisitions in its history, buying rival Bradco in 2010 and building materials distributor L&W Supply in 2016. In both 2015 and 2016, she donated $2 million to Freedom Partners Action Fund. In 2014, she donated $1 million to the Freedom Partners Action Fund, a pro-Republican Super PAC created by the Koch Brothers. The CEO and chairperson of the ABC supply Diane Hendricks was born in 1947 in Wisconsin, United States of America. I wanted to wear a suit.”. Nice house, big square white house,” the roofing queen recalls to Forbes. “Our workforce in our nation has never been lower. “It’s just exposure… showing them the value of a job,” Hendricks says. “It didn’t stop me from wanting to reach my dream. She is a donor to WisconsinEye, and co-chair of Rock County 5.0, a five-year public/private initiative to advance Rock County’s economic development vision. Billionaire Diane Hendricks, daughter of dairy farmers, sold houses in Wisconsin, married, divorced, then 10 years later met her next husband, Ken, a roofer. It is very difficult to hire qualified tradesmen.”. “I would go up after the other students had left, and do my test and hand in my school work,” Hendricks says. She is the second richest self-made woman in the country after Marian Ilitch of Detroit. She has seven children’s and seventeen grandchildren’s. Diane Hendricks is a member of Manufacturing. In 2015, she gave $5 million to a PAC associated with presidential candidate Scott Walker, but has had $4 million refunded. In 1975 she was selling custom-built houses and Ken was the roofing contractor. In 2016, ABC made the biggest acquisition in its history, buying L&W Supply for $674 million, adding interior products like drywall and steel framing to a portfolio that already included windows and sidings. Diane Hendricks chairs ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America. She is the daughter of Dairy farmers. Her net worth according to Forbes is $4.9 billion. The Wisconsin firm now boasts over 700 locations and is on track to reach $9 billion in revenue for 2017. As one of nine daughters born to Wisconsin dairy farmers, Diane Hendricks loved her all- American upbringing, but always yearned for more. The facility provides tutoring and workshops ranging from coding and healthcare to construction and manufacturing. Biography/Timeline. She is 69 years old and her sun sign is Scorpio. Even though they might be in a pickup truck, they were running a business and we appreciated the hard work it took to be a roofing contractor.”.
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