They lead retail empires and technology powerhouses. They employ thousands of Australians and inspire countless others. They are hardworking, dedicated and passionate.
They are Australia’s top female entrepreneurs.
Each year our friends over at SmartCompany publishes its list of top female entrepreneurs to coincide with International Women’s Day.
This year’s list features several exciting new faces, including Envato co-founder Cyan Ta’eed and fitness entrepreneur Michelle Bridges, as well as women who have long been at the forefront of Australia’s business community – and who continue to inspire.
SmartCompany’s annual list of top female entrepreneurs is ranked according to the revenue of their business.
In 2016, the combined revenue of the businesses on the full list of 30 is $10.67 billion, up $200,000 from last year.
Wherever possible, revenue figures have been provided by the entrepreneurs themselves.
If not, SmartCompany has relied on publicly available sources, industry contacts or internal estimates. An asterisk shows when revenue has been estimated.
Below is the top 10 from SmartCompany’s list of 30 top female entrepreneurs for 2016:
1. Katie Page
Company: Harvey Norman
Established:1982
Revenue: $2.71 billion (with Gerry Harvey)
Katie Page began working as an assistant at Harvey Norman in 1983 and has been chief executive since 1999 of a company with almost 200 stores in Australia and 86 stores overseas. Harvey Norman Holdings encompasses stores and franchise of Harvey Norman, as well as furniture brands Domayne and Joyce Mayne.
Harvey Norman’s revenue of $2.71 billion for 2014-15 comes from company operated sales revenue (not including franchises), as well as other venue and income items. The ASX-listed company, which is controlled by Page and husband Gerry Harvey, also has an estimated $2.32 billion in property portfolios.
Harvey has previously referred to Page as “the mastermind behind it all” in media interviews. Page is also a director at The Retail Council and the Trustee of the Sydney Cricket and Sports Ground Trust. Page also recently signed Harvey Norman as naming right sponsors for the first all-female Bathurst 1000 entry since 1998.
2. Gina Rinehart
Company: Hancock Prospecting
Established:1955
Revenue:$2.04 billion
Mining magnate Gina Rinehart has slipped to second place in SmartCompany’s list of top female entrepreneurs, after previously hanging on to first place on the annual list since 2012.
Mining had a tough year in 2015 and Hancock Prospecting did not escape impact. Weak commodity prices have contributed to revenue slipping more than 22% to $2.04 billion in 2014-15 according to Business News. Although there was a 14% increase in shipments at the half-owned Hope Downs mine, the fall in iron ore directly impacted on profits.
Much has changed in the past year as Rinehart is no longer Australia’s richest person, having been unseated by reclusive American heiress and Australian resident Blair Parry-Oaken on Forbes’ annual Rich List. Rinehart’s personal net worth is estimated byForbes’ to be $9.4 billion.
3. Vicky Teoh
Company: TPG
Established: 1992
Revenue: $1.27 billion (with David Teoh)
Vicky Teoh founded a computer hardware retail business Total Peripherals with husband David Teoh in 1992 and that company continues on as one of Australia’s largest telecommunications providers. The Teohs remain the biggest shareholders in TPG with a combined stake of 35.69%, or more than 291 million shares.
TPG recorded a 31% increase in revenue, from $970 million to $1.27 billion, in the 2014-15 financial year. The biggest gains for TPG have been taking acquisition of internet provider iiNet Group in September. Now combined, the telcos provide broadband services to over 1.8 million subscribers and we’ll be watching closely how this impacts on TPG’s revenue in the next six months. TPG also recently stuck a dual agreement with Vodafone, including a major dark fibre transmission network expansion and migration of TPG’s mobile customer base to the Vodafone network.
4. Lesley Gillespie
Company: Bakers Delight
Established:1980 (becoming a franchise in 1988)
Revenue: $619 million (with Roger Gillespie)
The Gillespies have taken their “baked today sold fresh that day” philosophy and built a chain of more than 700 bakeries in Australia, New Zealand and Canada (as COBS Bread). An estimates 2 million customers stop into Bakers Delight stores every week to pick up their bread.
Bakers Delight began with a single Hawthorn bakery back in 1980, which by 1988 had grown to 15 bakeries all owned by the Gillespies. Moving into franchising proved to be a winning move for the couple, with revenue increasing from $585 million to $619 million last year.
Gillespie previously worked as a teacher, with a bachelor of science degree from Monash University. She has an Order of Australia award for her support of charitable and sporting organisations.
5. Maxine Horne
Company: Vita Group
Established: 1995
Revenue: $601.4 million
Maxine Horne has more than 25 years experience in the telecoms and technology industry, having established one of the first mobile phone stores Fone Zone back in 1995. Vita Group celebrated its 20th birthday last year with a 34% increase in revenue for the 2014-15 financial year.
In the 2015 annual report, Horne reiterated her “simple formula” business philosophy for looking after team members to create a positive atmosphere for customers.
“Twenty years ago, when I founded this business, I knew that we needed to stand out from the crowd – and we have certainly done that,” she said.
“The key ingredient for our success has always been our people, from the very beginning through to today.”
Horne is known for her philanthropy, last month announcing a company commitment to allocating 1% of the Vita Group’s annual net profit after tax to charity through the Vita Foundation.
6. Naomi Milgrom
Company: ARJ Group
Established: 1939
Revenue: $490 million*
Naomi Milgrom is chief executive officer of the ARJ Group, which is the parent company of retail chains Sussan, Suzanne Grey and Sportsgirl.
Recognised for her ongoing contributions to the fashion, art and retail industries, Milgrom has previously been named one of Australia’s top 25 business leaders and in 2009, was named a Champion of Entrepreneurship.
Speaking at last year’s Retail Futures Forum in Melbourne, Milgrom recognised the increased pressure on bricks-and-mortar retail stores, as reported by Fairfax.
“The second issue that’s developing is that the internationals are pushing prices down, which is going to cause some hardship. And I think with the dollar sitting where it is, that’s going to cause even more hardship,” she said.
7. Yenda Lee
Company: Bing Lee
Established:1957
Revenue: $490 million*
Yenda Lee is the chair and public face of electronics retailer Bing Lee, which was founded by her late husband businessmen Ken Lee and his father Bing Lee. Bing Lee was started in the late 1950s in Fairfield, Sydney, and now has around 40 stores in New South Wales and Victoria.
Yenda Lee continues to run Bing Lee with her son Lionel and dedicated team as a family business, treating all staff, suppliers and customer as family. The company has an annual turnover of $490 million according to The Border Mail.
8. Janine Allis
Company: Retail Zoo
Established:2000
Revenue: over $350 million
The last twelve months have been hectic for Janine Allis, who is continuing to grow Retail Zoo – the parent company to Boost Juice – as well as featuring as a judge on Channel 10’s Shark Tank.
Allis continues to be active in growing the Retail Zoo business and has previously toldSmartCompany that focus and persistence are imperative to business success.
“Your business journey might take very different routes but you have to just keep at it like a dog with a bone,” she said.
“Then you will come out on top.”
Among her Shark Tank investments, Allis now owns a 30% stake in food delivery service The Dinner Ladies, a 10% stake in the Scrubba Washbag and a 35% stake in bassinet and pram canopies Flybabee.
9. Charlotte Vidor
Company: Toga Group
Established:1963
Revenue: $285 million* (with Ervin Vidor)
Charlotte and Ervin Vidor founded hotel business Toga Group in 1963 after migrating to Australia from Poland and Hungary.
The company has transformed into a property empire that a number of hospitality brands including Adina Apartment Hotels, Vibe Hotels, Travelodge Hotels, Rendezvous Hotels and Medina Apartment Hotels. The Toga Group’s revenue was estimated to be $285 million in 2013.
10. Sue Hollis
Company: TravelEdge
Established:2000
Revenue: $250 million*
Sue Hollis has an extensive background in travel, having worked for both British Airways and Qantas prior to co-founding TravelEdge in 2000.
Hollis has previously told SmartCompany travel is am industry with tight margins and that staff culture is key to the TravelEdge business.
“It’s the key driver behind everything we do,” she said.
“We hire and fire on values. Values fit is equally important, if not as important, for us as a technical fit. That, for us, is critical.”
See the full list of 30 top female entrepreneurs over at SmartCompany.

