Beloit billionaire posts string of zeros on state returns

Beloit billionaire Diane Hendricks, the richest woman in Wisconsin and a vice chair of the Trump Victory fundraising committee, didn’t pay a dime in state income tax from 2012 through 2014, records obtained by the Journal Sentinel show.

Hendricks, 69, has a net worth of nearly $5 billion, according to an estimate by Forbes Magazine, which this month named her “America’s Richest Self-Made Woman” — edging out Oprah Winfrey, who the magazine said had a net worth of $3.1 billion. Judy Faulkner, founder and CEO at Epic Systems Corp., a Verona health care software company, came in third with an estimated net worth of $2.4 billion.

Hendricks, co-founder and owner of ABC Supply Co. — the nation’s largest supplier of roofing — also owed no state taxes in 2010, meaning she paid no Wisconsin income taxes in four out of five years. The company, which she founded with her husband, Ken, in 1982, posts annual sales of about $6 billion. Ken Hendricks died in 2007.