We all know who the richest man on the planet is but we seldom hear about the richest woman.Here comes the ranking of 5 richest women in the world, according to 2010 reports.

CHRISTY WALTON

Christy Walton is a distinguishing member of Walton’s legacy. She is a widow of late John. T. Walton., who was the son of late retail pioneer Sam Walton. After his death she inherited his fortune of $15.4 billion. In March 2010 she was ranked as the world’s 12th richest person, in Forbes’s World’s Billionaire, with an estimated net worth of $24 billion. The Walton family controls over 39% of companies and 40% of Wal-Mart. And their total estimated fortune is approximately $89.5% billion.
She currently resides in Jackson Wyoming, with her son, Lucas. She is actively serving a number of non profit organization.

ALICE WALTON

She is the daughter of Wal-Mart founder and retail pioneer, Sam Walton and Helen Walton. She is a sister of John Walton, the one whose wife Christy Walton is ruling at no.1 spot in our ranking.This 51 years old woman’s estimated net worth was $20.6 billions in March 2010 making her the second richest lady on the planet earth. Wal-Mart is now world’s largest retailer and controls about 79,000 stores and has sales of worth $400 billions.

She started her career in Finance as an equity analyst and monetary manager for First Commerce Corporation.Alice now lives in Mineral Wells, Texas on the Rocking W Ranch.

LILIAN BETTERCOURT

She is a French heiress, born in Paris in 1922. She is a socialite,a business tycoon and a principal share holder in worlds most famous and leading brand L’Oreal, with the fortune estimated $20 billion. She is the wealthiest woman in Europe and second wealthiest woman in France. She is the founder of Bettencourt Schueller Foundation, to support and develop medical, cultural and humanitarian projects.

SUSANNE KILATTEN

Susanne was born in Germany on 28 April 1962. She inherited stake in automaker BMW from late father Herbert Quandt. This 48 years old German owns total estimated worth of $12.5 billion. She is the world’s fourth richest woman. She is a trained economist with an MBA and a degree in business finance. Susanne Klatten worked for the advertising agency “Young and Rubicam” in Frankfort from 1981 to 1983. This was followed by a course in marketing and management at the University of Buckingham. She gained further business experience in London with Dresdner Bank, the Munich branch of management consultants Mckinsey and the bank Reuschel and Co.
She sits on Atlanta’s board of supervisor, recently upped her stake in the company from 50% to approximately 88%.

BRIGIT RAUSING

Brigit is a widow of Gad Rausing who died in 2000. Born in 1924 she is a Swedish art historian. She inherited owner ship of $11 billion (2004 sales) with her three children. She is in packaging industry in Switzerland and made money from Tetra Laval. In 1944 her father in law founded Tetra Park, which revolutionized the packaging of liquid e.g. juice and milk. She is the third wealthiest person in Sweden, according to Forbes magazine, with an estimated net worth of $11 billion.She currently resides in Tax heaven, Switzerland.

By: Misbah Qureshi