Entrepreneur PENNY STREETER is one of the UK’s wealthiest women. She tells us how she battled adversity to earn her fortune. Today she is one of Britain’s wealthiest women, having amassed a fortune of £157million.
But Penny Streeter’s road to success has been anything but smooth after a failed business and the collapse of her first marriage left her living in a homeless refuge in Croydon, south London, in the early 1990s. “Every single day I woke up wondering how I was going to make ends meet. But somehow I did,” says Penny, 50.
Penny never gave up and this year once again secured a place on the Sunday Times Rich List after her recruitment company, which she founded with her mum in 1995, shot to success. But as a self-made woman, Penny is still in the minority among the UK’s wealthiest. While 94 per cent of people on this year’s Rich List made rather than inherited their fortunes, only 14 per cent are women.
And female entrepreneurs still face a difficult climate when it comes to starting businesses. In fact, research by Barclays and The Entrepreneurs Network revealed that male entrepreneurs are 86 per cent more likely to get venture-capital funding for their business.
“I hope this will change,” says Penny, who lives in Cape Town, South Africa, with her husband Nick, who works in the business. “Women are great at running businesses. They’re able to multi-task and deal with adversity.” And adversity is something that Penny is no stranger to.
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