NEW YORK (FOX 5 NY) - Oprah is one. So are fashion designer Tory Burch and Hewlett-Packard CEO Meg Whitman. We're talking about members of a very elite club: the billionaire's club.
A report by UBS and PricewaterhouseCoopers looked at the changing faces of billionaires and found they include way more women today than 20 years ago. In 1995, there were 22 women billionaires around the world. In 2014 there were more than 6 times that: 145. The report dubs it the Athena effect.
Women involved in family businesses include Alice Walton, daughter of Walmart's founder, and heiress to Loreal Lilliane Bettencourt.
The report finds the biggest growth in female billionaires in Asia, something attributed to better education of girls in recent decades.
The UBS report was a follow-up to a 2014 report. Another follow-up is planned for later this year. The researchers predict the faces of billionaires will continue to change and include more diverse, younger, exciting faces going forward.