Most Powerful Women

most powerful women

22 CEOs of major companies and many more corner office contenders in all industries. Nine newcomers and one return. Over $1.1 trillion in market capitalization. Plus: bonus pick Queen Bey! Read on to see who made it in 2016—and who didn't.
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Mary Barra repeats as Fortune's Most Powerful Woman after a year of dramatic improvement at the $152.4 billion in revenues auto giant. She ably steered GM through the ignition switch crisis that hit in 2014, made the tough decision to end operations in Russia, and invested in ride- sharing company Lyft. She also bought Valley startup Cruise Automation for $581 million. Oh, and she posted record profits in 2015 of $9.7 billion. What she hasn't done is boost the stock, which remains flat even as markets hit new highs. As an extra vote of confidence, GM's board handed her the chairman title in January.

Mary Barra

Nooyi, now in her 10th year as CEO, shows no signs of slowing down. ­PepsiCo’s $155 billion market cap is up 18% in the past 12 months, even as international volatility hit 2015 sales and profits, which dropped 5% and 13%, respectively. Investors seem to have faith that Nooyi’s push toward healthier food and drink offerings will pay off—and they like the $63 billion company’s $3 billion in cost cuts over the past three years too. Some think more acquisitions in the health space may come soon, as Nooyi further diversifies out of the declining soda category.

Indra Nooyi

At a time when new enemies are emerging, Hewson is solidifying Lockheed Martin’s leadership in military defense technology. Her $9 billion acquisition of Sikorsky Aircraft in November 2015—Lockheed’s largest deal in more than a decade—made it the top manufacturer of military helicopters and boosted its expertise in drones. Hewson is also rejiggering Lockheed’s $46.1 billion business, having split off its IT and technical services division in August. The moves have added almost $10 billion to Lockheed’s market value over the past year alone.

Marillyn Hewson

Rometty’s tenure at the helm of IBM hasn’t been easy: The tech behemoth recently issued its 17th straight quarter of declining revenue. But there are bright spots. In fiscal 2015, IBM’s “strategic imperatives” (a.k.a. businesses that are actually growing) accounted for 35% of IBM’s $81.7 billion in revenue—up from just 10% in 2010. At least some of that growth has come from acquisitions; Rometty has closed 25 in the past 18 months—a total spend of $9 billion. Several, such as Truven Health and Merge Healthcare, are in the health analytics space.

Ginni Rometty

The world of investment management is changing, and Johnson wants to ensure that Fidelity—the nation’s second-largest fund manager, with $2.1 trillion in assets under management—is changing with it. While the company is famous for its stock ­picking (76% of its U.S. stock funds outperformed their peers in 2015), these pricey funds are falling out of favor; investors pulled $18.8 billion from Fidelity’s actively managed equity portfolios last year. So Johnson is slashing fees on Fidelity’s passive funds and targeting a fresh generation of customers with digital tools.

Abigail Johnson

Facebook’s impressive growth continues with ­Sandberg still in the COO ­slot. The $17.9-billion-in-sales social network’s ­mobile-ad revenue jumped 80% in the most recent quarter and now makes up 84% of total ad sales. Next up: further monetizing video and Facebook Live, the company’s live-streaming initiative. Then there’s Instagram, expected to bring in $3 billion in ad ­revenue in 2016 alone. In addition to her day job, Sandberg is working on a new book on grief, Option B, following the tragic loss of her husband in 2015.

Sheryl Sandberg

Having executed one of the highest-profile tech separations in corporate history—HP’s October 2015 split into HP Enterprise and HP Inc.—Whitman is now streamlining HP Enterprise, the $52 billion storage business she runs (she also chairs HP Inc.]. But Whitman isn’t done. In May she said that HP Enterprise would merge its IT services unit with Computer Sciences in 2017 to form yet another new company—which recently announced it was selling its software unit for $8.8 billion. The one-time Republican gubernatorial candidate is actively supporting Clinton for President.

Meg Whitman

Since taking the helm at ­General Dynamics in 2013, Novakovic, a former CIA ­officer, has not only brought the defense contractor out of the red but also posted record profits of $3 billion in 2015, up 17% from the year before. General ­Dynamics’ stock price has more than doubled since she took over in 2013. Though its ­Gulfstream private-­jet ­business has flagged lately, the company has recently won major ­contracts with the U.S. Navy, as well as the governments of Denmark and the United Kingdom.

Phebe Novakovic

Rosenfeld hit a speed bump in August when she abandoned her pursuit of Hershey. The acquisition would have been the latest in a long line of moves that have transformed the $29.6 billion consumer packaged foods giant and its predecessor, Kraft, during Rosenfeld’s tenure. With the failed ­Hershey bid, some think ­Mondelez could be a takeover target itself. About 75% of sales come from outside North America, but growth in key emerging markets is slowing. Revenues were down 13.5% last year, in large part from unfavorable currency conversions.

Irene Rosenfeld

Catz, who shuns the spotlight, has had a busy year, beginning with a major overhaul of Oracle’s contracting process. The goal? To simplify and speed up the way customers buy cloud-based ­offerings—a growing business for Oracle. In the fourth quarter of fiscal 2016, nearly two-thirds of Oracle’s cloud deals were inked via the new process. Still, annual revenue came in at $37 billion, down 3% from the year before. Even as cloud sales have gone up, revenue from so-called on-premise technology, Oracle’s legacy business, has declined. Looks like there is more work to do.

Safra Catz

Duke Energy delivers electricity to some 25 million people in the Southeast and Midwest, making it one of the U.S.’s largest utilities, as well as one of its biggest coal burners. Since Good took over in 2013, she’s packed more renewables than ever into that portfolio. Some 40% of the energy Duke delivered in 2015 was carbon-free, and Good has upped investments in solar and wind, planning to spend another $3 billion over the next five years. That’s in addition to the $4.9 billion acquisition of Piedmont Natural Gas, expected to close before the end of this year.

Lynn Good

CVS/pharmacy president Foulkes led CVS Health’s retail business to new revenue heights—up 6.2%, to $72 billion in 2015—by gaining market share in total U.S. prescriptions filled. That helps make up for the loss of business from its 2014 decision to stop selling tobacco, as does the 2015 purchase of Target’s pharmacies. Foulkes is also hoping to lift sales of general merchandise with initiatives like CVS’s new mobile payment app and upgraded beauty sections, scheduled to be in 4,000 CVS/pharmacy stores by the end of the year.

Helena Foulkes

Porat has quickly established herself as a powerful force in tech. Just three months after taking Google’s CFO job in May 2015, she got a promotion when it created a Berkshire ­Hathaway–like holding company, Alphabet, and named her CFO of that company as well. Wall Street seems to approve: Alphabet’s stock price has jumped 20% since the reorganization, and in 2016 the company reported double-digit increases in both profits and revenues. Porat is also bringing discipline to the company’s moonshots, such as self-driving cars and ­Internet-providing balloons.

Ruth Porat

Two years into her role as Apple’s retail chief—­responsible for some 12% of the company’s $233.7 billion in sales—the former Burberry CEO is working to create a new luxury retail experience. But amid a slump in iPhone sales and a ­slowdown in China, the pressure is on. Her first big ­retail project, the Apple Watch, received mixed reviews and disappointing sales. Now Ahrendts is introducing a new store look, which she debuted at the company’s flagship in San Francisco in May 2016. It includes a new landscaped help desk called the Genius Grove, movie-theater-size video screens, and a boardroom where app developers can share advice with small businesses. The question is whether any of these initiatives can help Ahrendts propel the tech giant to another year of record sales.

Angela Ahrendts

A year and a half into her job as the chief of Deloitte, ­Engelbert has helped the company—the largest professional services firm in the U.S.—grow to $17.5 billion in revenues and over 78,000 employees in fiscal 2016, up from $16.1 billion and 70,000 the previous year. The longtime Deloitte executive has emerged as a paid-leave champion, instituting a major policy change that will allow all employees—men and women­—16 weeks of time off to care for family members. Two-thirds of Engelbert’s hires last year were women 
and minorities.

Cathy Engelbert

Wojcicki has been working hard to grow the $9 billion ­online video site despite growing competition from Facebook, Amazon, Netflix, and Snapchat. She has added live streaming, new ad formats, and virtual-reality ­videos to the site, which counts over 1 billion users worldwide. She has also been boosting the amount of premium original content, ­recently acquiring the rights to the TV drama Step Up. Now the company hopes to bring in more dollars through ad-free subscription services that also provide streaming music.

Susan Wojcicki

Enterprise’s revenue in fiscal 2016 topped $20 billion, cementing its status as the world’s largest rental-car company. Helping drive that growth is Nicholson’s push into markets like New Zealand, ­Ecuador, and the Gulf region, where it launched new franchises over the past year. The owner of National Car Rental and Alamo Rent A Car brands expanded its airport rental business. It has continued building out its car sales division (with double-digit growth last year), as well as its fast-growing car-­sharing businesses. Uber, watch out.

Pam Nicholson

Griffith became CEO of the nation’s fourth-largest auto insurer in July. It’s an impressive run for the onetime claims rep, who worked her way up through a number of business segments and most recently served as COO of Personal Lines. Griffith takes the reins at a time of transition, as Progressive attempts to redefine itself as more than just a car insurance company. She was a driving force behind the company’s expansion into home coverage. If she can persuade customers to buy multiple policies from Progressive, that move could pay off.

Tricia Griffith

Four years in as head of Walmart’s $57 billion warehouse club division, Brewer is upping the attack on Sam’s Club’s bigger rival, Costco. She’s looking for an edge through e-commerce, implementing in-store pickup for online orders and launching an app that lets customers pay without going through checkout. She’s also investing in food offerings (more organics), remodeling stores, and locating new ones in higher-income areas. There’s more to do; Sam’s Club’s revenue, operating income, and same-store sales were all down over the previous year.

Rosalind Brewer

In January, Campbell was promoted from her role as head of the southern division of the home-improvement retailer to run all of Home ­Depot’s U.S. stores. That makes her responsible for some 90% of the company’s $88.5 billion in 2015 revenues and 350,000 em­ployees­—and a direct report to CEO Craig Menear. The Jamaican-born Campbell, known for ­connecting with associates, is part of a team that is firing on all cylinders: Sales and ­earnings both rose ­dramatically, helped in part by the ­recovering U.S. housing market.

Ann-Marie Campbell

After closing the June 2015 ­Lorillard deal for $27.4 billion—then the largest-ever led by a female CEO—and boosting tobacco giant Reynolds American’s market cap by 19% in the past year, Cameron is a bona fide corporate rock star—again. After retiring from the company in 2011, she returned as CEO three years later for a second tour of duty, devoted to bringing the Newport brand, then owned by Lorillard, into Reynolds American’s orbit. The question: How much longer will Cameron stay? Some analysts think she could step down as soon as November.

Susan Cameron

Last year wasn’t great for Sempra Energy. In January, California declared a state of emergency as a gas leak at a Sempra-owned storage facility caused 8,000 families to temporarily relocate. The disaster has already cost the company more than $700 million (partially covered by insurance), and the state-­ordered cleanup operation wound down only this past summer. Not even that has derailed Sempra’s stock price, up more than 100% since Reed took the top job in 2011, driven by the compan­y's natural-gas infrastructure businesses and utilities.

Debra Reed

It’s been a turbulent time for Bresch, a nearly 25-year vet of the generic-drug company. In August she was accused of price gouging after having quintupled the price of Mylan’s EpiPen. Pressure from users of the lifesaving allergy treatment—which she had also helped build into Mylan’s first billion-dollar drug—created a firestorm. But Bresch scored a win a few weeks earlier with her $7.2 billion acquisition of Swedish pharmaceutical firm Meda. The deal adds 25% to Mylan’s $9.4 billion in annual revenues, for total sales of $11.8 billion. That follows mixed results in last year’s three-way hostile takeover battle, in which Mylan blocked an unwelcome offer from Israeli rival Teva but failed in its bid for Ireland-based Perrigo.

Heather Bresch

Since becoming CEO in 2011, Morrison is moving the biggest U.S. soup company beyond chicken noodle. In January, Campbell became the first Big Food company to say it would voluntarily label genetically modified ingredients in its products, and a month later it committed $125 million to a venture capital project investing in food-related startups. Meanwhile, Morrison is targeting $300 million in cost savings by the end of 2018. The transformation is not easy. Campbell saw revenues and profits drop 1% and 15%, respectively, in its last fiscal year.

Denise Morrison

Last January, Burns announced she would split the $18 billion Xerox into two publicly traded companies; one focused on document technology, still named ­Xerox, and the other, to be called Conduent, on business process outsourcing. Burns will continue as chair of ­Xerox but will give up the CEO role at year’s end. She tried to transform Xerox into an IT services shop, but revenue kept falling, dipping 8% in 2015. It’s not clear what will come next for Burns, the first African-American woman to run a Fortune 500 company.

Ursula Burns

When Lynch became Aetna’s first female president in early 2015—a role CEO Mark Bertolini held before her—the four-year vet assumed responsibility for 95% of the health insurer’s $60.3 billion in revenues. It’s been a busy year for Lynch: In August Aetna announced plans to withdraw from many of the state Obamacare exchanges, accounting for some 5% of the company’s sales. A bigger deal: Aetna’s proposed acquisition of Humana, which would nearly double its revenues but which faces a tough legal challenge from the Justice Department.

Karen Lynch

Peterson joined Johnson &amp; Johnson in 2012 from Bayer, in the largest role ever given to an outsider at the $70 billion health care giant. She now runs J&amp;J’s $18 billion consumer businesses (baby shampoo to glucose monitors), plus a number of functions such as IT and supply chain­—key to J&amp;J’s ongoing transformation strategy. She has led the company through a back-office overhaul, moved its data into a HIPAA-secure cloud, and last year inked ­major partnerships with Google, Apple, and IBM. The McKinsey alum also joined ­Microsoft’s board.

Sandra (Sandi) Peterson

The British physicist-turned-CFO oversees the finances of the U.S.’s largest bank by ­assets, with $2.4 trillion. She’s also one of three women on JPMorgan Chase’s operating committee (another is No. 30, Mary Erdoes). Lake is considered a rising star, frequently leading earnings calls and interacting with investors more than most Wall Street finance chiefs. That has led to speculation that she could one day succeed CEO Jamie Dimon. In 2015 the bank reported $93.5 billion in revenue; its net income was up 12%, to $24.4 billion.

Marianne Lake

Thirty-six years ago, Keane began her career working as a collector at a call center. Today she is the CEO of ­Synchrony, a major consumer financial services company that is the largest provider of private-label credit cards in the U.S. If you’re not familiar with ­Synchrony, that’s ­because it fully split off from former parent GE only in ­November 2015—a process that Keane oversaw. As of the end of 2015 the company had almost $84 billion in assets, including $29.7 billion in direct deposits, an increase of 50.8% over 2014.

Margaret Keane

Since being promoted to CEO of J.P. Morgan’s asset management business in 2009, Erdoes has been considered one of the most influential women in finance. The ­asset management business had a record year in 2015, reporting $12.1 billion in revenue. Erdoes has also introduced programs aimed at professional women. One helps women who have taken career breaks return to work, while another sends ­senior female executives around the world to share ­advice with lower-level employees.

Mary Erdoes

CFO since 2013 and the first woman to hold the job at ­Microsoft, Hood played a key part in the negotiations for the company’s $26.2 billion acquisition of LinkedIn in June. The former investment banker is now considered ­Microsoft CEO Satya Nadella’s right hand. She is overseeing the financial side of the $85.3-billion-in-revenue company’s transition to cloud ­computing, including nearly $7 billion in spending on new data centers last year. After Microsoft’s COO left this year, Hood took on responsibility for worldwide licensing and pricing.

Amy Hood

Until April, no woman had ever headed a major U.S. energy explorer. That changed when 35-year industry veteran ­Hollub landed the top spot at $12.5 billion Occidental. Less cheery: A mineral engineer by training, she ascends to the top as the worst oil bust in decades has gouged revenue and jobs ­in the industry (Occidental’s net sales sank 35% last year). Going forward, Hollub has vowed to put particular emphasis on development in and around the Permian Basin, the largest oilfield in the U.S. and a vital profit driver for the company.

Vicki Hollub

McKenna is helping turn the tide at Walmart’s biggest division, where she has headed operations since December 2014. The U.S. business, with $298.4 billion in sales, has now had two years of positive same-store sales—an ­important industry metric. ­McKenna has been key in the company’s decision to invest $2.7 billion in training programs and raises for some 1.2 million U.S. store employees. She’s also pushing tech: Now all store and department managers get mobile devices so that they can spend more time on the floor rather than in the back room.

Judith McKenna

Ross Stores thrived in a competitive retail environment last year, with sales up 8%, to nearly $12 billion, and profits that passed the $1 billion threshold for the first time. The press-shy Rentler has kept the momentum going. In the most recent quarter, the company beat expectations and upped its guidance. Rentler opened 84 new stores in the company’s fiscal 2015 and has 90 in the pipeline this year. With some 1,500 locations today between its two brands, dd’s Discounts and Ross Dress for Less, she thinks she can eventually get to 2,500.

Barbara Rentler

Murphy, who often serves as the face of Fidelity in place of her publicity-shy boss, Abby Johnson, now oversees a ­personal investing empire with a record $1.9 trillion in assets under administration—nearly twice what it was when she took the helm in 2009. She has also emerged as a leader in the company’s digital efforts, rolling out new mobile apps and launching Fidelity’s first “robo-adviser” in July, an appeal to young investors looking for affordable financial help. Murphy is known for her focus on female investors, who she says are an underserved market.

Kathleen Murphy

Since becoming KPMG U.S.’s first female CEO in July of last year, Doughtie has presided over a major growth period for the professional services company. The Big Four firm posted a 14.8% revenue increase for its 2015 fiscal year, to $7.9 billion, making it the fastest growing of its U.S. peers. But the focus is on innovation as well as numbers: This year the company expanded its partnership with ­Microsoft and announced an agreement with IBM to apply its Watson technology to KPMG’s services. Doughtie also unveiled the firm’s first high-tech workspaces, called Ignition Centers, that more closely resemble the offices of a hot young startup than a professional services firm. A 30-year veteran of ­KPMG’s audit and advisory businesses, Doughtie runs the KPMG Women’s Leadership Summit, which brings together the top women in business, politics, and sports.

Lynne Doughtie

As P&amp;G continues to try to ­regain its mojo after years of subpar performance, Tastad is on the hot seat. New CEO David Taylor is reemphasizing North America, P&amp;G’s largest geographic unit, with $28.7 billion in revenues. But that business will soon be smaller because the company is selling off some 100 brands. The biggest chunk of those, including Wella and Clairol, will move to Coty later this year. Now the ­Canadian-born Tastad must gin up excitement for such new products as Tide ­Purclean and Downy Unstopables.

Carolyn Tastad

Van Kralingen has a new gig—at IBM, that is. In late August she was named SVP of the company’s Industry Platforms group, a role that gives her responsibility over Big Blue’s blockchain strategy. Over the past few years the longtime IBMer has had her hand in many of the tech giant’s other new growth areas. She helped close acquisitions like Bluewolf Group, a leading consulting firm that helps companies use cloud-based software applications, and landed key clients like HR software provider Workday, which recently shifted to IBM’s cloud.

Bridget Van Kralingen

After spending five years as Accenture’s general counsel and chief compliance officer, Sweet took over the professional services giant’s $14 billion North America business in June 2015. She quickly put her stamp on things, leading a series of acquisitions in hot industries such as cloud computing and cybersecurity. Sweet is also focusing on diversity and working families at Accenture: It became the first big consulting firm to release a detailed gender and ethnicity breakdown of its workforce and also lets new parents work locally for one year.

Julie Sweet

The only female executive directly reporting to Verizon CEO Lowell McAdam, Walden is overseeing the $131.6 billion company’s evolution from a telecom into a media business aiming to compete with Facebook and Google. Walden is rumored to be on the short list of potential successors to McAdam, but right now her focus is integrating Yahoo­—acquired for $4.8 billion in July—with AOL, bought last year for $4.4 billion. She also runs some of the company’s new ventures, such as online video streaming and connected cars.

Marni Walden

Hanlon continues as president of the northern division of Home Depot, the company’s single largest unit, with $29.5 billion in revenues, some 800 stores, and 110,000 employees. The 31-year company veteran and onetime student of physical therapy is a very visible part of the company’s commitment to customer service, which has bounced back after years of decline. It makes sense: She was mentored by head of stores Ann-Marie Campbell (No. 20). Home ­Depot’s stock is up 16% in the past year, outpacing the surging S&amp;P 500.

Crystal Hanlon

Already wearing multiple hats as Best Buy’s head of U.S. retail and human resources, Ballard has gained even more responsibility at the Minneapolis-based retailer. In May she was named senior executive vice president, shedding her HR role but adding the Mexico business as well as real estate to her purview. Ballard, who started as an assistant store manager, now oversees some 1,400 Best Buy stores, accounting for over 80% of the company’s overall revenues. Sales fell slightly in fiscal 2016, to $39.5 billion, but beat investors’ expectations.

Shari Ballard

The former head of Wells ­Fargo’s brokerage business, Mack was named to run the company’s community banking arm in July, replacing the retiring Carrie Tol­stedt. That puts Mack in charge of the largest retail bank chain in the U.S., with more than 6,000 branches in 39 states and D.C., along with 94,000 employees. Though online banking and low interest rates have caused other banks to close sites, Wells Fargo has defended its expansion. Still, the $49.3 billion division’s profits fell 1.4%, to $13.5 billion, in 2015.

Mary Mack

Last April, Bryant was ­promoted from SVP to ­executive vice president of Intel’s data center group. Once Intel’s CIO, she now leads the chipmaker’s most profitable business, selling the high-end processors that last year brought in an impressive $18 billion in sales. But overall demand for server chips recently slowed, and Intel’s stock price has taken a hit. Bryant’s biggest challenge is to continue to deliver double-digit revenue growth—no easy task.

Diane Bryant

New MPW Taubert expanded her role last year at the health care giant’s pharmaceuticals business when she added Latin America to her list of responsibilities. As head of the Americas for Janssen, she oversees more than $20 ­billion—nearly 30% of Johnson &amp; Johnson’s total revenues. That figure has doubled since she took on the role in 2012. The industry veteran has been pushing big data and analytics to help J&amp;J solve some of medicine’s most pervasive challenges, including cardiovascular and metabolic diseases and serious mental illness.

Jennifer Taubert

Since she took the reins of ­Citi’s $11.5 billion Latin America division in 2015, Fraser has faced a number of challenges, mostly coming from economic woes in that part of the world. Under pressure, Citi said in February that it would sell off its consumer banking businesses in Brazil, Argentina, and Colombia. Now ­Fraser—who also gained control of Citi's Mexico operations when she took the job—is focusing on cutting expenses and streamlining businesses. In her first year in charge, both revenues and profits showed improvement.

Jane Fraser

Crew oversaw $8.6 billion of Reynolds American’s net sales of $10.7 billion last year—a number that’s expected to surge in 2016. That’s when the company will report a full year of post-merger numbers after the conclusion of its June 2015 deal with ­Lorillard. Crew also added another title, COO, to her already impressive ­résumé in October, gaining oversight of manufacturing and R&amp;D. And with CEO Susan Cameron rumored to be stepping down later this year, many industry watchers say Crew is the clear heir apparent at Reynolds.

Debra Crew

Since being named GE’s first female vice chair a year ago, Comstock has led the 124-year-old, $117.4 billion company’s efforts to adapt to the digital world. She heads up the Business Innovations group, where she focuses on creating partnerships, developing business models, and discovering new markets; GE Lighting, where she is shifting from traditional lighting products to LED; and GE Ventures, which invests $200 million a year in a portfolio of over 90 companies and which should generate external revenues of more than $2.4 billion this year.

Beth Comstock

Despite a rapidly changing media landscape, Hammer’s networks churn out hits. Mr. Robot, which launched on USA Network last year, is one of the most popular shows on TV. It’s also critically acclaimed, garnering six Emmy nominations. But that’s just one series. Hammer, the ­highest-ranked woman at NBCUniversal, oversees 10 cable networks, including USA, Bravo, Syfy, and E!, and 137 original shows, with a collective 129 million viewers. She also spearheaded NBC­Universal’s August deal for the broadcast and cable rights to the Harry Potter franchise.

Bonnie Hammer

Bank of America named ­Finucane vice chairman in 2015, making her the only woman with the title among all the major banks. A longtime associate of CEO Brian Moynihan since their days working together at Fleet Bank, she is a main contact with BofA ‘s major shareholders. She also runs strategy and marketing, and heads the $83.4 billion company’s commitment to green lending. Still, although BofA beat relatively low sales and earnings estimates in 2016’s second quarter, the stock has been flat over the past year, as the market hits new highs.

Anne Finucane

This has been the year of Beyoncé. Not only did she make music history by becoming the first female artist to have 12 songs on the ­Billboard top 100 (all on her sixth album, ­Lemonade), but she also made waves in the business world too. In April she launched the ­athleisure clothing brand Ivy Park. While the venture is her first major foray outside the music world, Beyoncé is no stranger to being the boss. Back in 2007 she founded her own entertainment and management company, Parkwood Entertainment. This year Parkwood added a music label to its operations and signed its first three artists, all of whom are women. Empowering women seems to be an ongoing theme for the music mogul: In May she announced an investment in WTRMLN WTR, a ­female-founded watermelon-­water startup.