It is shining like a diamond.
Rihanna is now the youngest self-made billionaire in the US – pushing Kim Kardashian into second place.
The 34-year-old singer recently made Forbes’ annual list of America’s richest people self-made women For the third year in a row, it ranked 21st overall. She is the only billionaire under 40 on the list.
The youngest billionaire on the Forbes list is Kardashian, 41, who has a net worth of $1.8 billion.
Kylie Jenner – the youngest billionaire on the list at 24 – crowned Youngest self-made billionaire in Forbes magazine in 2018, and only took the title was excluded or taken After recalculating her net worth. Currently, her net worth is $600 million.
Rihanna’s net worth is now $1.4 billion, which is part of her successful music career. Most of it comes from her entrepreneurial endeavours, including Fenty Beauty, Fenty Skin, and Savage X Fenty.
in March , Bloomberg Lingerie company Savage X Fenty said it was working with advisors on an initial public offering that could value the company at $3 billion or more. Rihanna owns 30 percent of that company.
The nine Grammy Awards winner also owns 50 percent of Fenty Beauty, which launched in 2017 and generated $550 million in revenue in 2020. French luxury fashion group LVMH owns the other half of the company.
In 2012, the “Love On The Brain” singer started a charitable fund called the Clara Lionel Foundation (CLF), with the goal of “supporting and funding groundbreaking education initiatives and climate change adaptation,” according to the website.
A year after launching the foundation, the CEO of Fenty Beauty held two lipstick campaigns with MAC Cosmetics, raising $60 million for women and children living with HIV/AIDS. In February 2020, CLF was named one of the world’s most innovative nonprofits by The Fast Company.
But Rihanna’s primary focus isn’t money – she’s about “work, work, work, work, work, work.”
She said in 2019 New York times“I never thought I’d make that much money, so the number wouldn’t stop me from working.”
