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A growth in the number of women leading company formation has speeded the growing rate of female millionaires, new research has found.
A study by Barclays Wealth Management revealed that divorce and inheritance payouts are no longer the main reasons for women accruing personal wealth.
The report also predicted that in the next 15 years, female wealth will increase significantly proportionate to that of men - figures indicate that by 2020, 53 per cent of millionaires will be women.
However, the study also pointed out that "the glass ceiling still exists" with regard to the number of women on company boards.
As reported by Startups.co.uk, Diana Robertson, spokesperson for Business Link London, said: "Female leaders in conventional employment are all too often set up to fail.
Ms Robertson explained that many women are opting for company formation instead of involvement in an already-existing corporation.
She said: "Now, ambitious women that want to get to the top are proving their business acumen by running their own companies rather than struggling to break the glass ceiling of corporate life."
Glamour magazine recently presented pop star, fashion designer and celebrity wife Victoria Beckham with two awards - for Woman of the Year and Entrepreneur of the Year.
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