Celebrating the Women on Fortune 40 under 40
2018 has been a great year for women across the world when it comes to bossing up in their respective fields. This fact has been proven by a historic number of women featured in Fortune's 2018 edition of 40 under 40 list, it's annual ranking of the most influential young people in business. We just wanted to share some of those inspirational women and celebrate this historic moment with our Badass Sisterhood.
Whitney Wolfe Herd, 29
Founder and CEO, Bumble
When is a dating app more than a dating app? When it’s Bumble, Wolfe Herd’s startup turned cultural phenomenon. The woman-first swipe app has acquired some 34 million registered users and an estimated $100 million in revenue since its 2014 launch, turning Wolfe Herd into a feminist business icon. Not that it’s been a smooth ride—Bumble and arch rival Match Group are suing each other, and Facebook’s getting into the market. But Wolfe Herd’s star keeps rising: She recently joined the board of Imagine Entertainment.
Jennifer Hyman, 37
Cofounder and CEO, Rent the Runway
The “closet in the cloud” service now claims more than 9 million members and has moved well beyond its roots: renting gowns for special occasions. Its two-year-old Unlimited service, where customers pay a flat fee for access to everyday clothing, grew 125% last year and is now up 150% year over year. This fall the company will launch an enterprise program, renting inventory on behalf of other brands and retailers. And earlier this spring it raised $20 million from Jack Ma’s investment vehicle at a valuation said to be north of $700 million, and Hyman was named to the board of Estée Lauder.
Emily Weiss, 33
Founder and CEO, Glossier
The beauty industry needed a fresh face. Enter Weiss and her Glossier brand, which preaches minimal, individualized selfcare. Weiss, an art-school grad, learned the ropes as a Condé Nast assistant and blogger. Her Into the Gloss platform gave birth to the Glossier line of products, which are direct-to-consumer, simply designed, and oh so Instagrammable. Young shoppers have latched on to Glossier, and investors have too. It has raised $86 million and is valued at $390 million.
Singer, songwriter, actor, entrepreneur,
Last fall, The Barbadian singer launched a much-anticipated cosmetics line, Fenty Beauty, a collection that included 40 shades with a wide array of deeper tones. The venture went well beyond the standard celebrity brand extension and became not just a financial success, reportedly pulling in $100 million in its first 40 days, but also a social statement, with the darker shades selling out in many outlets and mainstream brands following with their own more complete ranges. Time named it one of 2017’s best inventions. In May she released a lingerie brand, Savage x Fenty, that caters to all body types and sizes.
Alexandria Ocasio-Cortez, 28
Politician, educator, community activist
In June the former Bernie Sanders organizer made history with her primary-election upset victory against Joe Crowley, a 10-term Democrat incumbent in New York’s 14th congressional district. Though it was her first time running for office, and though she faced Crowley’s 10-to-1 fundraising advantage, the Bronx native of Puerto Rican descent garnered 58% of the vote. If she wins—almost a sure thing given the overwhelmingly Democratic district—she’ll make history again as the youngest woman elected to Congress.
Masaba Gupta, 29
Founder and Creative Director, House of Masaba
If one were to try a little, one could find similarities between Olivier Rousteing, the thirtysomething creative director of French fashion house Balmain, and India’s own Masaba Gupta. While their design sensibilities are poles apart, they both started young and rose to the top very quickly. Masaba started her label when she was all of 19, and went on to become the fashion director of Satya Paul at 24, while Rousteing became the creative director of Balmain at 25. The two represent a generation of designers unabashedly breaking the rules. Masaba has five stores in India, with plans to open more. “We are trying the mall format—it’s a different animal. Things that sell in the mall and in a standalone store are very different,” she says.
Dhivya Suryadevara, 39
Executive Vice President and Chief Financial Officer, GM
Suryadevara made history when it was announced she would become GM’s first female CFO this fall, making the auto giant one of only two Fortune 500 companies led by a female CEO and CFO (the other is Hershey). After growing up in Chennai, India, she moved to the U.S. to attend Harvard Business School. She joined GM in 2005 and worked her way up to CEO of GM Asset Management, adding VP of finance and treasurer to her role in 2015. In recent years, she’s played a key part in GM’s stake in Lyft and divestiture of Opel, and in SoftBank’s investment in Cruise, GM’s self-driving unit.
Anjali Sud, 34
Sud joined Vimeo as head of marketing in 2014; last year she was named CEO, charged with focusing Vimeo as a cloud-based platform for video creation, distribution, and monetization, targeting individuals and small- to medium-size businesses. With revenue expected to exceed $125 million this year, Sud’s boss Levin (above) has called Vimeo “the biggest nonpublic opportunity inside IAC.” Fun fact: Sud tries to sleep nine hours a night.
Anu Duggal, 39
Founding partner, Female Founders Fund
Entrepreneur turned investor Duggal launched Female Founders Fund in 2014 as a seed-stage venture fund to invest in female-led technology companies. After 700 investor meetings, she raised $5 million, which she invested in companies like Thrive Global, Zola, and Maven. By 2018, times had changed, and in May, Duggal closed $27 million for her second early-stage fund, with a roster of limited partners including Melinda Gates and Katrina Lake (see No. 8).
Jacinda Ardern, 37
Prime Minister, New Zealand
It’s only appropriate that Prime Minister Ardern, a onetime DJ, became a rock star of New Zealand politics. Her fervent support among Kiwis, dubbed Jacindamania, helped reverse her Labour Party’s ailing fortunes this fall and catapulted her to the title of world’s youngest female leader. The buzz continued when she announced her pregnancy and in June painted a once-in-a-generation vignette: a female head of government, cradling her newborn and embarking on six weeks of maternity leave. Her time off is flexible, it seems. In July she announced welfare reforms—including a weekly stipend for new parents—as part of Labour’s promise to improve well-being in a nation that’s grappling with housing and immigration crises.
Suchita Salwan, 28
Founder & CEO, LBB
The lifestyle website Little Black Book, a one-stop shop for everything from food and fashion to theatre and shopping in your city is just three years old, but it’s already grown into the go-to place for anybody looking for local recommendations in nine cities from Delhi and Mumbai to Bengaluru and Pune. Little Black Book, or LBB, is the brain child of 28-year-old Suchita Salwan, a quintessential Delhi millennial looking to discover her city. It began as her Tumblr blog, documenting interesting places she’d discovered in Delhi. Soon, LBB had grown from a simple blog to a full-fledged website. Today, there’s a LBB for nine cities, and her website and app have 7 million page views a month, according to the company.
SOURCE : FORTUNE